Markets

Grab This Cheap Energy Stock Even Lower Than Director Bryson Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on March 18, EQT Midstream Partners LP's Director, Michael A. Bryson, invested $75,000.00 into 1,000 shares of EQM, for a cost per share of $75.00. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of EQT Midstream Partners LP (Symbol: EQM) and achieve a cost basis even cheaper than Bryson, with shares changing hands as low as $74.92 per share. It should be noted that Bryson has collected $0.61/share in dividends since the time of their purchase, so they are currently up 0.7% on their purchase from a total return basis. EQT Midstream Partners LP shares are currently trading down about 2.3% on the day. The chart below shows the one year performance of EQM shares, versus its 200 day moving average:

EQT Midstream Partners LP Chart

Looking at the chart above, EQM's low point in its 52 week range is $72.56 per share, with $98.68 as the 52 week high point - that compares with a last trade of $75.91. By comparison, below is a table showing the prices at which EQM insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
03/18/2015 Michael A. Bryson Director 1,000 $75.00 $75,000.00

According to the ETF Finder at ETF Channel, EQM makes up 2.81% of the MLP ETF (Symbol: MLPA) which is trading lower by about 1.9% on the day Monday.

Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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