Epsilon Energy (NASDAQ:EPSN) Upgraded to Buy at Wall Street Zen

Epsilon Energy (NASDAQ:EPSN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Thursday.

Separately, Roth Capital set a $8.40 target price on shares of Epsilon Energy in a research report on Thursday, April 3rd.

Epsilon Energy Stock Down 0.8%

Shares of NASDAQ EPSN traded down $0.06 during trading on Thursday, reaching $7.08. 3,393 shares of the company traded hands, compared to its average volume of 49,931. The firm has a 50 day simple moving average of $6.83 and a 200-day simple moving average of $6.40. Epsilon Energy has a 52-week low of $4.95 and a 52-week high of $7.32. The stock has a market capitalization of $155.77 million, a PE ratio of 28.30 and a beta of 0.17.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $16.16 million for the quarter, compared to analysts' expectations of $11.71 million. Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. As a group, research analysts predict that Epsilon Energy will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new position in Epsilon Energy during the first quarter valued at approximately $311,000. Jane Street Group LLC lifted its stake in shares of Epsilon Energy by 346.2% during the 1st quarter. Jane Street Group LLC now owns 47,980 shares of the company's stock valued at $339,000 after buying an additional 37,226 shares in the last quarter. Empowered Funds LLC boosted its holdings in Epsilon Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 98,009 shares of the company's stock worth $692,000 after buying an additional 7,643 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Epsilon Energy in the 1st quarter worth $151,000. Finally, Bridgeway Capital Management LLC raised its holdings in Epsilon Energy by 1.9% during the first quarter. Bridgeway Capital Management LLC now owns 413,406 shares of the company's stock valued at $2,919,000 after acquiring an additional 7,643 shares during the period. 60.33% of the stock is currently owned by institutional investors.

About Epsilon Energy

Epsilon Energy Ltd., a North American onshore independent natural gas and oil company, engages in the acquisition, development, gathering, and production of natural oil and gas reserves in the United States. The company operates through Upstream and Gathering System segments. It has natural gas production in the Marcellus Shale in Pennsylvania; and oil, natural gas liquids, and natural gas production in the Permian Basin in Texas and New Mexico, and Anadarko Basin in Oklahoma.

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