GreenHunter Energy Director Purchases $48,250 in Stock (GRH)
GreenHunter Energy (NYSE:GRH) Director Roy Ernest Easley acquired 25,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average price of $1.93 per share, for a total transaction of $48,250.00. Following the purchase, the director now directly owns 165,008 shares of the company’s stock, valued at approximately $318,465. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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) opened at 1.97 on Monday. GreenHunter Energy has a 1-year low of $0.80 and a 1-year high of $3.62. The stock has a 50-day moving average of $2.31 and a 200-day moving average of $1.40. The company’s market cap is $69.0 million.
GreenHunter Energy (NYSE:GRH) last announced its earnings results 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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