Glori Energy Insider William Bierhaus Buys 1,000 Shares (GLRI)
Glori Energy (NASDAQ:GLRI) Insider William Bierhaus acquired 1,000 shares of the company’s stock 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 $6,670.00. Following the completion of the purchase, the insider now directly owns 1,100 shares of the company’s stock, valued at approximately $7,337. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Glori Energy (NASDAQ:GLRI) traded up 1.24% on Thursday, hitting $6.51. 38,952 shares of the company’s stock traded hands. Glori Energy has a 52-week low of $6.23 and a 52-week high of $12.44. The stock’s 50-day moving average is $8.08 and its 200-day moving average is $8.62. The company’s market cap is $204.3 million.
Glori Energy (NASDAQ:GLRI) last released its earnings data 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. On average, analysts predict that Glori Energy will post $-0.25 earnings per share for the current fiscal year.
A number of research firms have recently commented on GLRI. 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.
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