Insider Buying: Equal Energy CEO Purchases 1,629 Shares of Stock (EQU)
Equal Energy (NYSE:EQU) CEO Donald Charles Klapko purchased 1,629 shares of Equal Energy stock on the open market in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $5.73 per share, for a total transaction of $9,334.17. Following the purchase, the chief executive officer now directly owns 655,287 shares in the company, valued at approximately $3,754,795. The purchase was disclosed in a filing with the SEC, which is available at this link.
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 (NYSE:EQU) remained flat at $5.35 during during mid-day trading trading on Friday. 150,658 shares of the company’s stock traded hands. Equal Energy has a 52 week low of $3.54 and a 52 week high of $5.72. The stock’s 50-day moving average is $5.06 and its 200-day moving average is $5.11. The company has a market cap of $193.1 million and a P/E ratio of 15.60.
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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