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Grab This Cheap Energy Stock Even Lower Than Director Wasson Did

By Energy Stock Channel Staff, Monday, March 5, 10:38 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 February 27, Northwest Natural Gas Co.'s Director, Malia H. Wasson, invested $107,676.40 into 2,000 shares of NWN, for a cost per share of $53.84. 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 Northwest Natural Gas Co. (NYSE:NWN) and achieve a cost basis 3.3% cheaper than Wasson, with shares changing hands as low as $52.05 per share. Northwest Natural Gas Co. shares are currently trading up about 1.9% on the day. The chart below shows the one year performance of NWN shares, versus its 200 day moving average:

Northwest Natural Gas Co. Chart

Looking at the chart above, NWN's low point in its 52 week range is $51.50 per share, with $69.50 as the 52 week high point that compares with a last trade of $52.70. By comparison, below is a table showing the prices at which NWN insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
02/27/2018 Malia H. Wasson Director 2,000 $53.84 $107,676.40

NWN makes up 1.99% of the First Trust RBA Quality Income ETF (QINC)


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