Insider Buying: Glori Energy CFO Buys 1,300 Shares of Stock (GLRI)
Glori Energy (NASDAQ:GLRI) CFO Victor M. Perez acquired 1,300 shares of the company’s stock on the open market in a transaction dated Tuesday, September 2nd. The stock was purchased at an average price of $6.67 per share, with a total value of $8,671.00. Following the acquisition, the chief financial officer now directly owns 1,800 shares in the company, valued at approximately $12,006. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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.
Shares of Glori Energy (NASDAQ:GLRI) opened at 6.52 on Friday. 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 $8.01 and its 200-day moving average is $8.6. The company’s market cap is $204.7 million.
Glori Energy (NASDAQ:GLRI) last announced its earnings results on Tuesday, August 12th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters 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.
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