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Get An Even Better Deal On PSE Than Director Gobe Did

By Energy Stock Channel Staff, Monday, December 17, 11:13 AM ET
Play Video: One Reason For Insiders to Buy


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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 November 13, Pioneer Southwest Energy Partners L.P.'s Director, Phillip A. Gobe, invested $45,796.80 into 2,000 shares of PSE, for a cost per share of $22.90. 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 Pioneer Southwest Energy Partners L.P. (PSE) and achieve a cost basis 4.7% cheaper than Gobe, with shares changing hands as low as $21.82 per share. Pioneer Southwest Energy Partners L.P. shares are currently trading down about 0.3% on the day. The chart below shows the one year performance of PSE shares, versus its 200 day moving average:

Pioneer Southwest Energy Partners L.P. Chart

Looking at the chart above, PSE's low point in its 52 week range is $20.63 per share, with $28.60 as the 52 week high point that compares with a last trade of $21.90. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/13/2012 Phillip A. Gobe Director 2,000 $22.90 $45,796.80

The current annualized dividend paid by Pioneer Southwest Energy Partners L.P. is $2.08/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/31/2012. Below is a long-term dividend history chart for PSE, which can be of good help in judging whether the most recent dividend with approx. 9.5% annualized yield is likely to continue.

According to the ETF Finder at ETF Channel, PSE makes up 2.71% of the Dynamic Energy Exploration & Production Portfolio ETF (AMEX:PXE) which is trading higher by about 0.7% on the day Monday.

See what other ETFs contain PSE
See what other stocks are held by PXE


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