Andrew Williamson Purchases 12,500 Shares of Epsilon Energy (NASDAQ:EPSN) Stock

Epsilon Energy Ltd. (NASDAQ:EPSN) CFO Andrew Williamson bought 12,500 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was bought at an average cost of $4.94 per share, for a total transaction of $61,750.00. Following the transaction, the chief financial officer directly owned 72,500 shares of the company’s stock, valued at $358,150. The trade was a 20.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Andrew Williamson also recently made the following trade(s):

• On Monday, August 18th, Andrew Williamson bought 10,000 shares of Epsilon Energy stock. The stock was bought at an average cost of $5.64 per share, for a total transaction of $56,400.00.

Epsilon Energy Price Performance

NASDAQ EPSN opened at $5.16 on Friday. The firm’s 50-day moving average is $5.70 and its two-hundred day moving average is $6.60. Epsilon Energy Ltd. has a 12 month low of $4.72 and a 12 month high of $8.50. The stock has a market capitalization of $113.83 million, a P/E ratio of 21.50 and a beta of 0.05.

Epsilon Energy (NASDAQ:EPSN) last posted its earnings results on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $11.63 million during the quarter, compared to analyst estimates of $10.50 million. Epsilon Energy had a net margin of 11.75% and a return on equity of 6.71%. As a group, analysts anticipate that Epsilon Energy Ltd. will post 0.2 EPS for the current year.

Epsilon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.0625 per share. The ex-dividend date was Monday, September 15th. This represents a $0.25 dividend on an annualized basis and a yield of 4.8%. Epsilon Energy’s dividend payout ratio is 104.17%.

Institutional Investors Weigh In On Epsilon Energy

Several large investors have recently modified their holdings of the company. Osaic Holdings Inc. lifted its holdings in shares of Epsilon Energy by 1,014.3% during the second quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock worth $58,000 after purchasing an additional 7,100 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Epsilon Energy by 2.4% during the second quarter. Bridgeway Capital Management LLC now owns 423,122 shares of the company’s stock worth $3,123,000 after purchasing an additional 9,716 shares during the period. Bank of America Corp DE lifted its holdings in shares of Epsilon Energy by 7,200.9% during the second quarter. Bank of America Corp DE now owns 16,792 shares of the company’s stock worth $124,000 after purchasing an additional 16,562 shares during the period. PDT Partners LLC acquired a new stake in shares of Epsilon Energy during the second quarter worth $95,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Epsilon Energy during the second quarter worth $78,000. 60.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EPSN has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Epsilon Energy from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Epsilon Energy in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Epsilon Energy has an average rating of “Hold” and a consensus price target of $8.40.

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.