Equal Energy Insider Buying is Worth Watching

Equal Energy insider buying: John S. Chimahusky, Senior VP and Coordinator at Equal Energy Ltd. (USA) (NYSE:EQU), has recently purchased 122 shares of common stock for a price of $4.68 each, a transaction worth $570 approximately. The latest transaction has taken Mr. Chimahusky’s position to a total of 165,001 shares of common stock under his direct control, or a total capital investment worth $778,804.

Mr. Chimahusky has been very active on the stock market. He has completed two additional transactions concerning Equal Energy through the last two weeks. Both purchases were made on October 3^rd, for 390 and 62 shares of common stock, at a price of $4.68 and $4.71 respectively. The transactions represent a continuation of a buying trend started at the beginning of the year.

Since January, Mr. Chimahusky has completed 15 transactions, with at least one per month. The transactions ranged from a low of 62 to a high of 533 shares of common stock. The stock prices have also been varied, and range between a low of $3.01 and a high of $4.71. And Mr. Chimahusky is not the only one buying.

Scott Smalling, VP and CFO, has followed Mr. Chimahuky’s pattern through the last month, raising his position to a total of 101,114 shares of common stock. The last transaction amounted to 114 shares of common stock for a price of $4.68 each.

Currently, Equal Energy pays $0.05 in quarterly dividends, representing an annual yield of 3.20%.

Disclosure: Jodor Jalit holds no position in any of the mentioned stocks.

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