Insider Selling: Constellation Energy major shareholder Sells 16,984 Shares of Stock (CEP)
Constellation Energy (NYSE:CEP) major shareholder & Guill Energy L.P. Edelman unloaded 16,984 shares of the company’s stock on the open market in a transaction dated Friday, July 25th. The shares were sold at an average price of $2.80, for a total transaction of $47,555.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Constellation Energy (NYSE:CEP) traded down 0.71% during mid-day trading on Monday, hitting $2.78. 7,300 shares of the company’s stock traded hands. Constellation Energy has a 52-week low of $1.90 and a 52-week high of $3.20. The stock’s 50-day moving average is $2.60 and its 200-day moving average is $2.47. The company’s market cap is $82.1 million. Constellation Energy also was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 101,765 shares, an increase of 200.0% from the June 30th total of 33,922 shares. Based on an average daily volume of 159,943 shares, the short-interest ratio is currently 0.6 days. Approximately 0.6% of the shares of the company are sold short.
Constellation Energy (NYSE:CEP) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.24. On average, analysts predict that Constellation Energy will post $0.17 earnings per share for the current fiscal year.
Constellation Energy Partners LLC (NYSE:CEP) is engaged in the acquisition, development and production of oil and natural gas properties, as well as related midstream assets.
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