Yahoo Finance Christopher Fraser Is The Independent Director of Panhandle Oil and Gas Inc. (NYSE:PHX) And They Just Spent US$56k On Shares
Whilst it may not be a huge deal, we thought it was good to see that the Panhandle Oil and Gas Inc. (NYSE:PHX) Independent Director, Christopher Fraser, recently bought US$56k worth of stock, for US$7.05 per share. That purchase might not be huge but it did increase their holding by 35%.
See our latest analysis for Panhandle Oil and Gas
Panhandle Oil and Gas Insider Transactions Over The Last Year
In fact, the recent purchase by Christopher Fraser was the biggest purchase of Panhandle Oil and Gas shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than US$7.00 (the recent price), an insider wanted to purchase shares. 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. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Panhandle Oil and Gas insiders may have bought shares in the last year, but they didn't sell any. They paid about US$9.83 on average. I'd consider this a positive as it suggests insiders see value at around the current price. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Panhandle Oil and Gas is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Panhandle Oil and Gas Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Panhandle Oil and Gas insiders have about 2.0% of the stock, worth approximately US$2.3m. We prefer to see high levels of insider ownership.
So What Do The Panhandle Oil and Gas Insider Transactions Indicate?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Panhandle Oil and Gas stock. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.
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