1,014,064 Shares in Epsilon Energy Ltd. $EPSN Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 1,014,064 shares of Epsilon Energy during the second quarter, valued at approximately $5.49 million and representing about 3.35% of the company.
• Institutional ownership remains significant at 60.33%, with several other investors recently establishing or expanding positions in Epsilon Energy.
• Epsilon reported quarterly revenue of $18.26 million and a loss of $0.03 per share. The stock was rated Hold by the consensus analyst view, while shares recently opened at $6.18.

BlackRock Inc. purchased a new stake in shares of Epsilon Energy Ltd. (NASDAQ:EPSN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,014,064 shares of the company's stock, valued at approximately $5,486,000. BlackRock Inc. owned about 3.35% of Epsilon Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in Epsilon Energy by 179.8% during the third quarter. BNP Paribas Financial Markets now owns 6,394 shares of the company's stock worth $32,000 after buying an additional 4,109 shares during the last quarter. Claro Advisors Inc. bought a new position in shares of Epsilon Energy in the fourth quarter valued at approximately $53,000. Stoneridge Investment Partners LLC bought a new position in shares of Epsilon Energy in the second quarter valued at approximately $58,000. Osaic Holdings Inc. boosted its holdings in shares of Epsilon Energy by 1,014.3% in the 2nd quarter. Osaic Holdings Inc. now owns 7,800 shares of the company's stock worth $58,000 after acquiring an additional 7,100 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Epsilon Energy in the 4th quarter worth approximately $59,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Epsilon Energy Stock Down 1.3%

Shares of NASDAQ EPSN opened at $6.18 on Friday. Epsilon Energy Ltd. has a 12-month low of $4.20 and a 12-month high of $6.65. The firm's 50-day simple moving average is $5.65 and its 200 day simple moving average is $5.75. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.31. The company has a market cap of $187.13 million, a price-to-earnings ratio of -29.43 and a beta of -0.19.

Epsilon Energy (NASDAQ:EPSN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter. Epsilon Energy had a negative net margin of 3.77% and a positive return on equity of 5.56%. The company had revenue of $18.26 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Epsilon Energy from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

About Epsilon Energy

Epsilon Energy NASDAQ: EPSN is an independent exploration and production company specializing in the acquisition, development and production of unconventional and conventional oil and natural gas properties. Originally founded as Brewster Energy in 2002 and rebranded to Epsilon Energy in 2011, the company pursues a disciplined approach to resource development, leveraging its technical expertise to optimize well performance and manage operational costs.

The company's core asset base is concentrated in the Appalachian Basin, where it holds acreage in key shale formations across Pennsylvania, West Virginia and Ohio.

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