President of Epsilon Energy Picks Up 13% More Stock
Even if it's not a huge purchase, we think it was good to see that Jason Stabell, the President of Epsilon Energy Ltd. (NASDAQ:EPSN) recently shelled out US$92k to buy stock, at US$5.45 per share. That purchase might not be huge but it did increase their holding by 13%.
Check out our latest analysis for Epsilon Energy
Epsilon Energy Insider Transactions Over The Last Year
Notably, that recent purchase by President Jason Stabell was not the only time they bought Epsilon Energy shares this year. Earlier in the year, they paid US$5.09 per share in a US$123k purchase. That means that an insider was happy to buy shares at around the current price of US$5.59. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Epsilon Energy insider decided to buy shares at close to current prices. Jason Stabell was the only individual insider to buy during the last year.
Jason Stabell purchased 90.83k shares over the year. The average price per share was US$5.20. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Epsilon Energy is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Epsilon Energy insiders have about 2.1% of the stock, worth approximately US$2.6m. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Epsilon Energy Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Epsilon Energy insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Epsilon Energy. For example - Epsilon Energy has 1 warning sign we think you should be aware of.
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 of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
