Insider Buying: William Bierhaus Purchases 1,000 Shares of Glori Energy Stock (GLRI)
Glori Energy (NASDAQ:GLRI) Insider William Bierhaus bought 1,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were purchased at an average cost of $6.67 per share, for a total transaction of $6,670.00. Following the purchase, the insider now directly owns 1,100 shares in the company, valued at approximately $7,337. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
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 has a 50-day moving average of $8.01 and a 200-day moving average of $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) 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.
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.
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