Recent Insider Activity Could Benefit Epsilon Energy Ltd. (EPSN)

Epsilon Energy Ltd.’s filing revealed that its Director Stankowski Jason acquired Company’s shares for reported $100000.0 on Jul 06. In the deal valued at $5.00 per share,20,000 shares were bought. As a result of this transaction, Stankowski Jason now holds 334,726 shares worth roughly $ 1.83 million.

Then, Solas Capital Management, LLC bought 160,000 shares, generating $800,000 in total proceeds. Upon buying the shares at $5.00, the 10% Owner now owns 3,768,467 shares.

Before that, Stabell Jason bought 11,300 shares. Epsilon Energy Ltd. shares valued at $57,856 were divested by the Chief Executive Officer at a price of $5.12 per share. As a result of the transaction, Stabell Jason now holds 53,500 shares, worth roughly $0.29 million.

Price Performance Review of EPSN

On Friday, Epsilon Energy Ltd. [NASDAQ:EPSN] saw its stock jump 1.48% to $5.48. On the same session, the stock had its day’s lowest price of $5.36, but rose to a high of $5.63. Over the last five days, the stock has gained 3.59%. Epsilon Energy Ltd. shares have fallen nearly -17.35% since the year began. Nevertheless, the stocks have fallen -23.89% over the past one year. While a 52-week high of $7.59 was reached on 01/03/23, a 52-week low of $4.76 was recorded on 03/17/23. SMA at 50 days reached $5.64, while 200 days put it at $5.73. A total of 56774.0 shares were traded, compared to the trading of 33900.0 shares in the previous session.

Levels Of Support And Resistance For EPSN Stock

The 24-hour chart illustrates a support level at 5.35, which if violated will result in even more drops to 5.22. On the upside, there is a resistance level at 5.62. A further resistance level may holdings at 5.76. The Relative Strength Index (RSI) on the 14-day chart is 48.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.52%. Stochastics %K at 36.77% indicates the stock is a holding.

How much short interest is there in Epsilon Energy Ltd.?

A steep rise in short interest was recorded in Epsilon Energy Ltd. stocks on Aug 14, 2023, growing by 70400.0 shares to a total of 0.23 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.16 million shares. There was a rise of 30.34%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.35% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.49.

Epsilon Energy Ltd. [EPSN] – Who Are The Largest Shareholders?

In filings from Solas Capital Management LLC, it is revealed that the company now owns 3,768,467 shares, or roughly 16.68% of the outstanding EPSN shares. In other words, the investor’s shares have risen by 160,000 from its previous 13-F filing of 3608467.0.. Over the last quarter, Adage Capital Management LP purchased 267,389 shares of Epsilon Energy Ltd., while Paragon JV Partners LLC bought -191,963 shares. At present, MIT Investment Management Co. is holding 879,098 shares valued at $5.31 million. The Vanguard Group, Inc. owned 810,135 shares of the company at the time of its most recent 13F filing, worth $4.89 million.

According to FactSet, Epsilon Energy Ltd.’s share price will average $6.28 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.3 percent from its previous closing price of $5.40. Analysts expect Epsilon Energy Ltd. stock to reach the higher price of $6.28, while the lowest price estimate is $6.28. However, 1 analyst have rated EPSN stock as a Buy in their predictions for 2023.