Barclays PLC Invests $54,000 in Epsilon Energy Ltd. (NASDAQ:EPSN)

Barclays PLC purchased a new stake in Epsilon Energy Ltd. (NASDAQ:EPSN) during the third quarter, Holdings Channel reports. The firm purchased 9,143 shares of the company’s stock, valued at approximately $54,000.

Other large investors have also made changes to their positions in the company. De Lisle Partners LLP lifted its holdings in shares of Epsilon Energy by 14.3% during the third quarter. De Lisle Partners LLP now owns 146,411 shares of the company’s stock worth $856,000 after purchasing an additional 18,317 shares during the period. Empowered Funds LLC raised its holdings in Epsilon Energy by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 86,251 shares of the company’s stock worth $505,000 after purchasing an additional 4,288 shares during the period. International Assets Investment Management LLC grew its position in shares of Epsilon Energy by 696.4% in the third quarter. International Assets Investment Management LLC now owns 288,341 shares of the company’s stock valued at $1,690,000 after purchasing an additional 252,136 shares during the period. Finally, Perritt Capital Management Inc purchased a new stake in Epsilon Energy during the 2nd quarter worth approximately $109,000. 60.33% of the stock is owned by institutional investors and hedge funds.

Epsilon Energy Price Performance

NASDAQ EPSN opened at $6.36 on Friday. The company has a market cap of $139.03 million, a P/E ratio of 25.44 and a beta of 0.39. The stock has a 50-day moving average of $5.92 and a two-hundred day moving average of $5.65. Epsilon Energy Ltd. has a 1-year low of $4.70 and a 1-year high of $6.75.

Epsilon Energy (NASDAQ:EPSN) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Epsilon Energy had a net margin of 16.97% and a return on equity of 5.31%. The firm had revenue of $7.29 million during the quarter, compared to analysts’ expectations of $6.89 million. During the same period in the prior year, the company posted $0.02 earnings per share. On average, analysts anticipate that Epsilon Energy Ltd. will post 0.2 EPS for the current fiscal year.

Epsilon Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Monday, December 16th. Epsilon Energy’s dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Roth Mkm started coverage on shares of Epsilon Energy in a research report on Tuesday, October 1st. They set a “buy” rating and a $7.00 price target on the stock. Roth Capital upgraded shares of Epsilon Energy to a “strong-buy” rating in a research report on Tuesday, October 1st.

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.