GreenHunter Energy Trading 3.6% Higher Following Insider Buying Activity (GRH)
GreenHunter Energy (NYSE:GRH) shares traded up 3.6% during mid-day trading on Friday following insider buying activity, AnalystRatings.NET reports. The company traded as high as $2.04 and last traded at $2.02, with a volume of 380,196 shares changing hands. The stock had previously closed at $1.95.
Specifically, Director Roy Ernest Easley bought 25,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $1.93 per share, for a total transaction of $48,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on GRH. 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.
The stock has a 50-day moving average of $2.31 and a 200-day moving average of $1.39. The company’s market cap is $69.0 million.
GreenHunter Energy (NYSE:GRH) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.01. During the same quarter in the previous 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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