Punch & Associates Investment Management Inc. increased its stake in shares of Epsilon Energy Ltd. (NASDAQ:EPSN – Free Report) by 26.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 476,880 shares of the company’s stock after acquiring an additional 99,975 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Epsilon Energy were worth $2,938,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in shares of Epsilon Energy by 179.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,394 shares of the company’s stock valued at $32,000 after acquiring an additional 4,109 shares during the last quarter. Claro Advisors Inc. acquired a new position in Epsilon Energy in the 4th quarter valued at about $53,000. Osaic Holdings Inc. boosted its holdings in Epsilon Energy by 1,014.3% in the 2nd quarter. Osaic Holdings Inc. now owns 7,800 shares of the company’s stock valued at $58,000 after purchasing an additional 7,100 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Epsilon Energy in the 4th quarter valued at approximately $59,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Epsilon Energy in the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 60.33% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of Epsilon Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Epsilon Energy Trading Down 1.7%
EPSN opened at $5.83 on Friday. Epsilon Energy Ltd. has a one year low of $4.20 and a one year high of $6.65. The company has a market cap of $176.36 million, a P/E ratio of -15.76 and a beta of -0.20. The business’s 50-day simple moving average is $5.63 and its 200-day simple moving average is $5.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08.
Epsilon Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 annualized dividend and a yield of 4.3%. Epsilon Energy’s dividend payout ratio is currently -67.57%.
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.
Recommended Stories
- Five stocks we like better than Epsilon Energy
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
Want to see what other hedge funds are holding EPSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Epsilon Energy Ltd. (NASDAQ:EPSN – Free Report).
Receive News & Ratings for Epsilon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Epsilon Energy and related companies with MarketBeat.com's FREE daily email newsletter.
