Insider Spends CA$416k Buying More Shares In Saturn Oil & Gas

Potential Saturn Oil & Gas Inc. (TSE:SOIL) shareholders may wish to note that the CEO, President & Director, John Jeffrey, recently bought CA$416k worth of stock, paying CA$2.08 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 51%, potentially signalling some real optimism.

View our latest analysis for Saturn Oil & Gas

The Last 12 Months Of Insider Transactions At Saturn Oil & Gas

Notably, that recent purchase by John Jeffrey is the biggest insider purchase of Saturn Oil & Gas shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is CA$2.30. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Saturn Oil & Gas insiders decided to buy shares at close to current prices.

In the last twelve months Saturn Oil & Gas insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Saturn Oil & Gas is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Saturn Oil & Gas Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Our data suggests Saturn Oil & Gas insiders own 1.8% of the company, worth about CA$5.8m. We prefer to see high levels of insider ownership.

So What Does This Data Suggest About Saturn Oil & Gas Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Saturn Oil & Gas insiders are expecting a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 3 warning signs for Saturn Oil & Gas and we suggest you have a look.

But note: Saturn Oil & Gas may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.