GreenHunter Energy Director Buys $48,250 in Stock (GRH)
GreenHunter Energy (NYSE:GRH) Director Roy Ernest Easley bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $1.93 per share, for a total transaction of $48,250.00. Following the completion of the acquisition, the director now directly owns 165,008 shares in the company, valued at approximately $318,465. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Noble Financial raised their price target on shares of GreenHunter Energy from $1.50 to $2.25 in a research note on Monday, June 16th. They now have a “buy” rating on the stock.
Shares of GreenHunter Energy (NYSE:GRH) traded down 2.01% during mid-day trading on Thursday, hitting $1.95. The stock had a trading volume of 425,743 shares. GreenHunter Energy has a 1-year low of $0.80 and a 1-year high of $3.62. The stock’s 50-day moving average is $2.31 and its 200-day moving average is $1.39. The company’s market cap is $68.3 million. GreenHunter Energy also was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 1,438,134 shares, an increase of 242.9% from the July 15th total of 419,345 shares. Currently, 9.3% of the shares of the company are sold short. Based on an average daily volume of 1,378,559 shares, the short-interest ratio is presently 1.0 days.
GreenHunter Energy (NYSE:GRH) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.01. During the same quarter last year, the company posted ($0.10) earnings per share. On average, analysts predict that GreenHunter Energy will post $-0.22 earnings per share for the current fiscal year.
GreenHunter Energy, Inc is engaged in providing Total Water Management Solutions to oil and gas operators who are active in the Marcellus, Eagle Ford and Bakken shale plays.
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