Even if it's not a huge purchase, we think it was good to see that Craig Bryksa, the President of Crescent Point Energy Corp. (TSE:CPG) recently shelled out CA$100k to buy stock, at CA$2.11 per share. That purchase might not be huge but it did increase their holding by 44%.
The Last 12 Months Of Insider Transactions At Crescent Point Energy
Notably, that recent purchase by Craig Bryksa is the biggest insider purchase of Crescent Point Energy shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$1.73). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Crescent Point Energy insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Crescent Point Energy insiders own 0.3% of the company, worth about CA$3.1m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Crescent Point Energy Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Crescent Point Energy insiders are reasonably well aligned, and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Crescent Point Energy has 1 warning sign and it would be unwise to ignore it.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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