Investors who take an interest in TGS-NOPEC Geophysical Company ASA (OB:TGS) should definitely note that the Chief Executive Officer, Kristian Johansen, recently paid US$206 per share to buy US$1.4m worth of the stock. That’s a very decent purchase to our minds and it grew their holding by a solid 23.4%.
The Last 12 Months Of Insider Transactions At TGS-NOPEC Geophysical
Notably, that recent purchase by Kristian Johansen is the biggest insider purchase of TGS-NOPEC Geophysical shares that we’ve seen in the last year. That means that an insider was happy to buy shares at around the current price of kr208. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. Happily, the TGS-NOPEC Geophysical insiders decided to buy shares at close to current prices.
In the last twelve months insiders paid kr2.6m for 11600 shares purchased. In the last twelve months TGS-NOPEC Geophysical insiders were buying shares, but not selling. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Insider Ownership of TGS-NOPEC Geophysical
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. TGS-NOPEC Geophysical insiders own about kr327m worth of shares. That equates to 1.3% of the company. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The TGS-NOPEC Geophysical Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about TGS-NOPEC Geophysical. Looks promising! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for TGS-NOPEC Geophysical.
But note: TGS-NOPEC Geophysical 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, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.