De Lisle Partners LLP Buys 18,317 Shares of Epsilon Energy Ltd. (NASDAQ:EPSN)

De Lisle Partners LLP grew its position in shares of Epsilon Energy Ltd. (NASDAQ:EPSN) by 14.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 146,411 shares of the company’s stock after purchasing an additional 18,317 shares during the quarter. De Lisle Partners LLP’s holdings in Epsilon Energy were worth $856,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of Epsilon Energy by 5.2% during the third quarter. Empowered Funds LLC now owns 86,251 shares of the company’s stock worth $505,000 after buying an additional 4,288 shares during the period. International Assets Investment Management LLC boosted its position in Epsilon Energy by 696.4% during the third quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock valued at $1,690,000 after acquiring an additional 252,136 shares during the last quarter. Perritt Capital Management Inc acquired a new stake in Epsilon Energy during the 2nd quarter worth about $109,000. Meixler Investment Management Ltd. raised its position in shares of Epsilon Energy by 159.7% in the 2nd quarter. Meixler Investment Management Ltd. now owns 32,605 shares of the company’s stock worth $178,000 after acquiring an additional 20,050 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Epsilon Energy by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 958,204 shares of the company’s stock worth $5,265,000 after acquiring an additional 2,537 shares in the last quarter. Institutional investors own 60.33% of the company’s stock.

Epsilon Energy Trading Up 0.2 %

Shares of NASDAQ EPSN opened at $5.78 on Friday. The firm has a market capitalization of $126.33 million, a P/E ratio of 23.12 and a beta of 0.40. The firm’s 50-day moving average price is $5.85 and its 200-day moving average price is $5.52. Epsilon Energy Ltd. has a 1-year low of $4.70 and a 1-year high of $6.20.

Epsilon Energy (NASDAQ:EPSN) last issued its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $7.29 million during the quarter, compared to the consensus estimate of $6.89 million. Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. During the same period in the previous year, the firm earned $0.02 earnings per share. Equities research analysts forecast that Epsilon Energy Ltd. will post 0.2 EPS for the current year.

Epsilon Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Monday, December 16th. Epsilon Energy’s payout ratio is 100.00%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EPSN shares. Roth Mkm initiated coverage on Epsilon Energy in a research note on Tuesday, October 1st. They set a “buy” rating and a $7.00 target price for the company. Roth Capital raised shares of Epsilon Energy to a “strong-buy” rating in a research report on Tuesday, October 1st.

Epsilon Energy Profile

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.