Insider Buying: Equal Energy CEO Acquires 1,629 Shares of Stock (EQU)
Equal Energy (NYSE:EQU) CEO Donald Charles Klapko acquired 1,629 shares of Equal Energy stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of $5.73 per share, for a total transaction of $9,334.17. Following the completion of the acquisition, the chief executive officer now directly owns 655,287 shares of the company’s stock, valued at approximately $3,754,795. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Equal Energy (NYSE:EQU) remained flat at $5.35 during trading on Friday. 150,658 shares of the company’s stock traded hands. Equal Energy has a 1-year low of $3.54 and a 1-year high of $5.72. The stock has a 50-day moving average of $5.05 and a 200-day moving average of $5.11. The company has a market cap of $193.1 million and a price-to-earnings ratio of 15.60.
Separately, analysts at TheStreet upgraded shares of Equal Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th.
Equal Energy Ltd. (NYSE:EQU) is an exploration and production company with oil and gas properties located principally in Alberta, and Oklahoma.
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