5 Energy Stocks with Insider Buying

In this piece, we will take a look at five energy stocks with insider buying. If you want to take a look at our background of the energy industry, then head on over to 10 Energy Stocks with Insider Buying.

5. Flotek Industries, Inc. (NYSE:FTK)

6-Month Insider Ownership Change: 98.06%

Flotek Industries, Inc. (NYSE:FTK) provides oil and gas exploration firms with products such as chemicals that improve their production efficiency. Insider purchases of the stock have been rampant this year, with its director Harshavardhan Agadi buying nearly half a million dollars worth of shares in July.

As of Q1 2023 end, five of the 943 hedge funds part of Insider Monkey’s research had invested in Flotek Industries, Inc. (NYSE:FTK). Out of these, the firm’s biggest investor is David Nierenberg’s Nierenberg Investment Management courtesy of a $5.3 million stake.

4. ProFrac Holding Corp. (NASDAQ:ACDC)

6-Month Insider Ownership Change: 98.06%

ProFrac Holding Corp. (NASDAQ:ACDC) provides oil companies with hardware such as valves and pumps. Its shares have taken quite a beating on the stock market this year, but despite this, insiders have been buying millions of dollars of stock. Most of these have been through a firm called THRC Holdings, which bought $6 million of shares in June.

During this year’s first quarter, ten of the 943 hedge funds polled by Insider Monkey had held ProFrac Holding Corp. (NASDAQ:ACDC)’s shares.

3. HighPeak Energy, Inc. (NASDAQ:HPK)

6-Month Insider Ownership Change: 241.06%

HighPeak Energy, Inc. (NASDAQ:HPK) is an oil and gas company that focuses on the Midland Basin in America and is headquartered in Texas. Its minority owner John Paul De Joria bought a whopping $68 million worth of stock in July.

Insider Monkey dug through 943 hedge funds for their first quarter of 2023 shareholdings and discovered that eight had invested in the firm. HighPeak Energy, Inc. (NASDAQ:HPK)’s largest hedge fund investor is Matthew Halbower’s Pentwater Capital Management through a $16.6 million investment.

2. CrossAmerica Partners LP (NYSE:CAPL)

6-Month Insider Ownership Change: 265.43%

CrossAmerica Partners LP (NYSE:CAPL) sells motor fuels through a variety of different distribution mediums. There have been a total of nine insider share purchases this year. Most of these have come from the firm’s director Joeseph Topper. Mr. Topper has bought nearly $800,000 worth of stock this year, and his biggest purchase was in May when he bought 16,818 shares for $310,700. CrossAmerica Partners LP (NYSE:CAPL) managed to beat analyst EPS estimates for its second quarter of 2023 earings, after it reported $14.5 million in net income.

1. Epsilon Energy Ltd. (NASDAQ:EPSN)

6-Month Insider Ownership Change: 460.90%

Epsilon Energy Ltd. (NASDAQ:EPSN) produces oil and natural gas in different American states. The biggest insider purchase in its shares was of a major shareholder and hedge fund Solas Capital Management, who bought a $1.6 million stake in February.

By the end of this year’s March quarter, 12 of the 943 hedge funds polled by Insider Monkey had bought and invested in Epsilon Energy Ltd. (NASDAQ:EPSN)’s shares. The firm’s biggest investor in our database is Frederick Tucker Golden’s Solas Capital Management through a stake worth $19.2 million.

Disclosure: None. You can also take a look at 14 Best Dividend-Paying Stocks Under $50 and 10 Best Stocks to Buy for High Returns.

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