Insider Selling: Clay Newton Sells 10,000 Shares of FX Energy Stock (FXEN)
FX Energy (NASDAQ:FXEN) VP Clay Newton unloaded 10,000 shares of FX Energy stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $4.00, for a total transaction of $40,000.00. Following the completion of the transaction, the vice president now directly owns 131,163 shares in the company, valued at approximately $524,652. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of FX Energy (NASDAQ:FXEN) traded up 1.58% on Thursday, hitting $3.85. 273,107 shares of the company’s stock traded hands. FX Energy has a 52 week low of $2.48 and a 52 week high of $6.18. The stock has a 50-day moving average of $3.38 and a 200-day moving average of $3.41. The company’s market cap is $205.6 million.
FX Energy (NASDAQ:FXEN) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.09. The company had revenue of $8.22 million for the quarter, compared to the consensus estimate of $9.13 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. Analysts expect that FX Energy will post $-0.33 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Roth Capital initiated coverage on shares of FX Energy in a research note to investors on Friday, January 3rd. They set a “buy” rating and a $6.00 price target on the stock. Analysts at Imperial Capital initiated coverage on shares of FX Energy in a research note to investors on Friday, December 20th. They set an “in-line” rating and a $3.60 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $5.10.
FX Energy, Inc is an independent oil and gas exploration and production company with production, appraisal, and exploration activities in Poland.
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