In this article, I will feature one energy company that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:
- The stock is purchased by three or more insiders within one month.
- The stock is sold by no insiders in the month of intensive purchasing.
- At least two purchasers increase their holdings by more than 10%.
NuVista Energy (OTC:NUVSF), an independent oil and natural gas company, engages in the exploration for and the development and production of oil and natural gas reserves in Canada.
Insider buying during the last 30 days
Here is a table of NuVista Energy's insider-trading activity during the last 30 days by insider.
|Name||Title||Trade Date||Shares Purchased||Public Offering||Current Ownership||Increase In Shares|
|Ronald Eckhardt||Director||Oct 28||37,500||Yes||50,800 shares||+282.0%|
|Jonathan Wright||CEO||Oct 28||6,250||Yes||154,665 shares||+4.2%|
|Grant Zawalsky||Director||Oct 28||18,343||Yes||89,566 shares||+25.8%|
There have been 62,093 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of NuVista Energy's insider-trading activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 74,258 shares purchased and there have been 34,215 shares sold by insiders during the past six months. The month of October has seen the most insider buying.
NuVista reported the second-quarter financial results on August 12 with the following highlights:
|Funds from operations||$19.0 million|
|Net loss||$7.4 million|
|Net debt||$95.9 million|
NuVista's capital spending for the full-year 2013 is anticipated to be between $210 million and $220 million. Average production forecast for the year is at a range of 16,250 Boe/d to 17,000 Boe/d, trending towards the top half of the guidance range. Production for the third quarter of 2013 is forecasted to be relatively flat with the second quarter with a range of 17,000 - 17,750 Boe/d. Fourth quarter production is expected to be between 17,500 Boe/d and 18,500 Boe/d. Funds from operations for the year are forecasted to be between $70 million and $75 million.
Here is a table of these competitors' insider-trading activities during the last six months.
|Company||Insider buying / shares||Insider selling / shares|
Only NuVista has seen intensive insider buying during the last 30 days.
There have been three different insiders buying NuVista and there have not been any insiders selling NuVista during the last 30 days. Two of these three insiders increased their holdings by more than 10%.
There are four analyst buy ratings, three neutral ratings, and zero sell ratings with an average price target of $8.86. NuVista has a book value of $5.45 per share. I believe the stock could be a good pick at the book value based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.