Equal Energy Ltd. (NYSE:EQU): President and CEO Donald Charles Klapko Bought 2,398 Shares
President and CEO of Equal Energy Ltd. (NYSE:EQU) Donald Charles Klapko bought 2,398 shares during the past week at an average price of $4.02. Equal Energy was incorporated on April 8, 2010 under the ABCA and did not carry on any active business prior to the Arrangement, other than executing the arrangement agreement pursuant to which the Arrangement was implemented. Equal Energy Ltd. has a market cap of $143.888 million; its shares were traded at around $4.02 with a P/E ratio of 5.06 and P/S ratio of 2.45. The dividend yield of Equal Energy Ltd. stocks is 2.49%.
Equal Energy recently reported its first quarter 2013 financial results. The company's board of directors has approved the company's second quarterly dividend payment of US$0.05 per share on its common shares, payable on June 30, 2013, to shareholders of record at the close of business on June 3, 2013.
VP and CFO Scott Smalling bought four shares of EQU stock on 07/10/2013 at the average price of $3.92. Scott Smalling owns at least 100,764 shares after this. The price of the stock has increased by 2.55% since. Other insiders have also increased their positions in the company.
In the first quarter of 2013, Equal generated cash flow before balance sheet changes, a non-GAAP financial measure reconciled to a GAAP financial measure later in this release, of $7.1 million. At March 31, 2013, Equal had $21.5 million of cash on hand and CAD$125 million, or the USD equivalent, available on its credit facility.
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