Yahoo Finance Insider Spends US$139k Buying More Shares In Epsilon Energy
Potential Epsilon Energy Ltd. (NASDAQ:EPSN) shareholders may wish to note that the President, Jason Stabell, recently bought US$139k worth of stock, paying US$5.36 for each share. Although the purchase only increased their holding by 6.1%, it is still a solid purchase in our view.
View our latest analysis for Epsilon Energy
The Last 12 Months Of Insider Transactions At Epsilon Energy
In fact, the recent purchase by President Jason Stabell was not their only acquisition of Epsilon Energy shares this year. They previously made an even bigger purchase of US$1.2m worth of shares at a price of US$4.82 per share. We do like to see buying, but this purchase was made at well below the current price of US$5.43. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Jason Stabell bought 681.97k shares over the last 12 months at an average price of US$4.95. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Epsilon Energy is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Epsilon Energy Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Based on our data, Epsilon Energy insiders have about 3.7% of the stock, worth approximately US$4.4m. We prefer to see high levels of insider ownership.
So What Do The Epsilon Energy Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Epsilon Energy stock. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Epsilon Energy is showing 3 warning signs in our investment analysis, and 2 of those are significant...
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
