Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
Sector: Energy; Industry: Oil & Gas E&P

Earthstone Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. Its asset portfolio includes the Midland Basin of west Texas and the Eagle Ford trend of south Texas. As of December 31, 2019, the company operated 103 gross Eagle Ford wells; and 13 gross Austin Chalk wells, as well as had 94,336 thousand barrels of oil equivalent (MBOE) of total proved reserves comprised 31,521 MBOE of proved developed reserves and 62,815 MBOE of proved undeveloped reserves.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-01-12 Lumpkin Mark Jr EVP and CFO Sell 29,976 $6.25 $187,350 No
2021-01-07 Warburg Pincus Private Equity (E&P) XI-A, L.P. 10%-Owner Buy 638,744 $3.99 $2,548,589 No
2021-01-07 Warburg Pincus Energy (E&P) Partners-B IRH, LLC 10%-Owner Buy 638,744 $3.99 $2,548,589 No
2021-01-07 Independence Resources Holdings, LLC 10%-Owner Buy 638,744 $3.99 $2,548,589 No
2020-05-18 Lumpkin Mark Jr EVP and CFO Buy 15,000 $2.25 $33,750 No
2020-01-07 Oviedo Tony EVP, PAO Sell 12,000 $6.98 $83,760 No
2019-08-27 Anderson Robert John President Buy 10,000 $3.20 $32,000 No
2019-07-02 Oviedo Tony EVP, PAO Sell 12,000 $6.38 $76,560 No
2017-07-14 Anderson Robert John EVP Sell 15,000 $10.00 $150,000 No
2016-06-21 ZORICH ROBERT L 10%-Owner, Director Buy 38,000 $10.50 $399,000 No
2016-06-21 Oak Valley Resources, LLC 10%-Owner Buy 38,000 $10.50 $399,000 No
2016-06-21 SINGLETON RAY J JR EVP Buy 9,500 $10.50 $99,750 No
2016-06-21 Lodzinski Frank Alan CEO Buy 24,500 $10.50 $257,250 No
2016-01-14 Joliat Jay Frederick Director Buy 10,000 $11.72 $117,200 No
2011-09-02 Rodgers Richard Director Sell 6,156 $13.65 $84,029 No
2008-02-22 Robertson Monroe W Jr Director Buy 900 $1.00 $900 No
2007-10-30 SINGLETON RAY J JR President Buy 500 $1.19 $595 No
2007-06-08 SINGLETON RAY J JR President Buy 61 $1.45 $88 No
2004-03-26 HUFFMAN EDGAR J Director Buy 10,000 $0.37 $3,700 No
2003-11-21 HUFFMAN EDGAR J Director Buy 11,000 $0.22 $2,420 No

Insider Smart

PROSPECT CAPITAL CORP (PSEC) - PSEC is the 2nd most bought stock of the past 90 days by insiders, CEO seems very confident about the company.

Insider Smart

PENN NATIONAL GAMING INC (PENN) - PENN took a deep dive from $36 to $5 due to the crash, anyone who was bold enough to pick up some shares in March or April could have made a 900% profit in 2 months. But bottom fishing is always easier said than done, if one took a safer bet and followed multiple insider buying around $18, a 100% profit is still impressive.