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Equal Energy Insider Buying is Worth Watching

Equal Energy insider buyingJohn 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.

Equal Energy

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 3rd, 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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