International Assets Investment Management LLC Reduces Stock Holdings in Epsilon Energy Ltd. (NASDAQ:EPSN)

International Assets Investment Management LLC cut its holdings in Epsilon Energy Ltd. (NASDAQ:EPSN - Free Report) by 83.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,005 shares of the company's stock after selling 240,336 shares during the period. International Assets Investment Management LLC owned about 0.22% of Epsilon Energy worth $296,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC purchased a new position in shares of Epsilon Energy during the third quarter worth approximately $54,000. Geode Capital Management LLC raised its position in Epsilon Energy by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 243,147 shares of the company's stock valued at $1,425,000 after purchasing an additional 24,437 shares in the last quarter. De Lisle Partners LLP lifted its holdings in shares of Epsilon Energy by 14.3% in the 3rd quarter. De Lisle Partners LLP now owns 146,411 shares of the company's stock worth $856,000 after buying an additional 18,317 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Epsilon Energy by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 86,251 shares of the company's stock worth $505,000 after buying an additional 4,288 shares in the last quarter. 60.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EPSN has been the topic of several research reports. Roth Mkm began coverage on shares of Epsilon Energy in a report on Tuesday, October 1st. They set a "buy" rating and a $7.00 price objective on the stock. Roth Capital raised Epsilon Energy to a "strong-buy" rating in a research report on Tuesday, October 1st.

Epsilon Energy Stock Down 1.1 %

Shares of Epsilon Energy stock traded down $0.07 on Monday, reaching $6.29. The stock had a trading volume of 24,802 shares, compared to its average volume of 38,315. Epsilon Energy Ltd. has a 1 year low of $4.70 and a 1 year high of $6.75. The company has a 50 day moving average price of $5.95 and a 200 day moving average price of $5.66. The stock has a market capitalization of $137.48 million, a P/E ratio of 25.16 and a beta of 0.38.

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

Epsilon Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Monday, December 16th. Epsilon Energy's dividend payout ratio (DPR) is 100.00%.

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.