ZaZa Energy Corp (ZAZA): CFO Ian H. Fay Bought 30,000 Shares
CFO of ZaZa Energy Corp (ZAZA) Ian H. Fay bought 30,000 shares on 05/20/2013 at an average price of $1.48. ZaZa Energy Corp is a privately-held independent exploration and production company focused on the exploration and development of unconventional onshore oil and gas resources in the United States of America. Zaza Energy Corp has a market cap of $146.7 million; its shares were traded at around $1.42 with a P/E ratio of 2.50 and P/S ratio of 0.71.
On May. 14, 2013ZaZa Energy Corporation announced operational and financial results for its first quarter endedMarch 31, 2013. For the quarter endedMarch 31, 2013, the Company reported total revenues and other income from continuing operations of$2.8 million as compared to$2.1 million reported for the comparable 2012 period. This increase is primarily due to higher oil and gas revenue related to the Boening well in the Sweet Home Prospect, which began test production onFebruary 3, 2013, and the increase inMoulton production for theCrabb Ranch and the Ring Units. This increase was partially offset by the loss ofCotulla revenues as a result of the Hess division of assets.
President and CEO, 10% Owner Todd Alan Brooks bought 10,000 shares of ZAZA stock on 12/14/2012 at the average price of 2.41. Todd Alan Brooks owns at least 206,850 shares after this. The price of the stock has decreased by 41.08% since.
For the complete list of stocks that bought by their CFOs, go to: Insider Buys.
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- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
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- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.
About the author:
My name is Ben C. and I am 2nd year MBA candidate at the Anderson School of Business at the University of California- Los Angeles. I have a BS in Economics from the Wharton School of Business at the University of Pennsylvania. Before coming to Anderson I worked as a generalist equity research analyst for Right Wall Capital, a long-short equity hedge fund located in New York City. Prior to working at Right Wall I worked as an analyst at Blue Ram Capital, another long-short equity hedge fund located in Rye Brook, NY. This past summer, I worked for West Coast Asset Management as a research analyst. West Coast, which was co-founded by Kinko’s founder Paul Orfalea, is run by well-known value investors Lance Helfert and Atticus Lowe.