The Vanguard Group, Inc. recently announced the acquisition of new stake in Epsilon Energy Ltd. (NASDAQ:EPSN). The institutional investor has increased its shareholding in the Energy company by 1.17% to 0.74 million shares with purchase of 8542.0 shares. This fresh investment now brings its stake to 3.21% valued currently at $4.91 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.14 million to 0.46 million shares.
With over 0.22 million Epsilon Energy Ltd. (EPSN) shares trading Monday and a closing price of $6.15 on the day, the dollar volume was approximately $1.38 million. The shares have shown a positive half year performance of 1.32% and its price on 01/23/23 gained nearly 3.02%. Currently, there are 23.01M common shares owned by the public and among those 18.78M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for EPSN have a consensus price objective of $6.28. The analysts have set the share’s price value over the next 12 months at a high of $6.28 and a low of $6.28. The average price target is 6.82% above its recent price level and an upside to the estimated low will see the stock gain 2.07% over that period. But an upside of 2.07% will see the stock hit the forecast high price target while median target price for the stock is $6.28.
The top 3 mutual fund holders in Epsilon Energy Ltd. are azValor Internacional, FI, Vanguard Total Stock Market Index, and AIM Fds. Grp. azValor Internacional, FI owns 0.75 million shares of the company’s stock, all valued at over $4.94 million. The company sold -0.13 million shares recently to bring their total holdings to about 3.24% of the shares outstanding. AIM Fds. Grp. now owns shares totaling to 1.40% of the shares outstanding.
Shares of Epsilon Energy Ltd. (NASDAQ: EPSN) opened at $6.10, up $0.13 from a prior closing price of $5.97. However, the script later moved the day high at 6.38, up 3.02%. The company’s stock has a 5-day price change of -2.54% and -6.25% over the past three months. EPSN shares are trading -7.24% year to date (YTD), with the 12-month market performance up to 8.28% higher. It has a 12-month low price of $5.04 and touched a high of $7.99 over the same period. EPSN has an average intraday trading volume of 73.62K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.36%, -9.61%, and -8.27% respectively.
Institutional ownership of Epsilon Energy Ltd. (NASDAQ: EPSN) shares accounts for 67.50% of the company’s 23.01M shares outstanding. Mutual fund holders own 52.79%, while other institutional holders and individual stakeholders account for 73.11% and 14.91% respectively.
It has a market capitalization of $140.90M and a beta (3y monthly) value of 0.37. The stock’s trailing 12-month PE ratio is 4.24, while the earnings-per-share (ttm) stands at $1.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.83% over the week and 4.06% over the month.
Analysts forecast that Epsilon Energy Ltd. (EPSN) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2022. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”