Insider Buying: Glori Energy CFO Purchases 1,300 Shares of Stock (GLRI)
Glori Energy (NASDAQ:GLRI) CFO Victor M. Perez bought 1,300 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was purchased at an average cost of $6.67 per share, with a total value of $8,671.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,800 shares of the company’s stock, valued at approximately $12,006. The transaction was disclosed in a filing with the SEC, which is available at this link.
GLRI has been the subject of a number of recent research reports. Analysts at Maxim Group cut their price target on shares of Glori Energy from $11.00 to $10.00 in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Glori Energy in a research note on Wednesday, July 16th. They set an “outperform” rating and a $13.00 price target on the stock.
Shares of Glori Energy (NASDAQ:GLRI) traded down 2.99% on Wednesday, hitting $6.49. 48,947 shares of the company’s stock traded hands. Glori Energy has a 52-week low of $6.31 and a 52-week high of $12.44. The stock has a 50-day moving average of $8.16 and a 200-day moving average of $8.63. The company’s market cap is $203.7 million.
Glori Energy (NASDAQ:GLRI) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.03. The company had revenue of $5.56 million for the quarter, compared to the consensus estimate of $935.00 million. Analysts expect that Glori Energy will post $-0.25 EPS for the current fiscal year.
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