Punch & Associates Investment Management Inc. Acquires Shares of 506,880 Epsilon Energy Ltd. $EPSN

Punch & Associates Investment Management Inc. purchased a new position in Epsilon Energy Ltd. (NASDAQ:EPSN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 506,880 shares of the company’s stock, valued at approximately $2,742,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new position in Epsilon Energy in the 2nd quarter worth approximately $131,000. Odyssean LLC purchased a new position in shares of Epsilon Energy in the second quarter worth approximately $261,000. Solas Capital Management LLC bought a new stake in shares of Epsilon Energy during the 2nd quarter valued at $18,777,000. De Lisle Partners LLP bought a new position in shares of Epsilon Energy in the second quarter worth about $899,000. Finally, Ieq Capital LLC purchased a new position in Epsilon Energy during the second quarter valued at approximately $109,000. Institutional investors own 60.33% of the company’s stock.

Epsilon Energy Price Performance

Shares of EPSN stock opened at $5.84 on Thursday. Epsilon Energy Ltd. has a twelve month low of $4.20 and a twelve month high of $6.65. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $5.53 and a two-hundred day simple moving average of $5.69. The stock has a market capitalization of $176.86 million, a price-to-earnings ratio of -27.81 and a beta of -0.20.

Epsilon Energy (NASDAQ:EPSN) last posted its earnings results on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter. Epsilon Energy had a negative net margin of 3.77% and a positive return on equity of 5.56%. The business had revenue of $18.26 million for the quarter.

Epsilon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 4.3%. Epsilon Energy’s payout ratio is -119.05%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Epsilon Energy in a report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.