Insider Trading in Focus: KLR Energy Acquisition Corp. $ROSE

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KLR Energy Acquisition Corp. (ROSE) insider have most recently took part in a trading activity. On Nov 22, 2017 Quarls Harry, Director bought 857 shares having total worth of $7,782 at the price of $9.08 per share, following the transaction a total of 22,429 shares owned by Quarls Harry. Before this latest buy, Quarls Harry purchased ROSE at 1 other times during the past twelve months, for a total investment of $35,728 at an average of $9.02 per share.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 3 sell activities and 1 buy trades. Furthermore, over the past 12 months , the stock was traded 9 times by insiders. In 6 of these trades, the insider was a seller while an employee of the company was the buyer in 3 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 3 8%
12 Month 3 6 -60.78%

Shares of KLR Energy Acquisition Corp. (ROSE) traded down 0.34% on Nov 24, 2017, hitting $8.91. 4,291 shares of the company’s stock traded hands. KLR Energy Acquisition Corp. has a 52 week low of $5.73 and a 52 week high of $25.05. The company’s market cap is $0 million.

Rosetta Resources, Inc., a Delaware corporation was incorporated in June 2005. It is an exploration and production company involved in the acquisition and development of onshore energy resources in the United States of America. Its operations are primarily located in South Texas. The company owns producing and non-producing oil and gas properties in proven or prospective basins that are primarily located in South Texas. In 2012, the company drilled 85gross and 82 net wells, with a net success rate of 100%. As of December 31, 2012, it owned approximately 72,000 net acres in South Texas. Its production in South Texas comes from the Eagle Ford area which averaged 35.9 MBoe/d an increase of approximately 67% from the prior year. In Eagle Ford Shale the company holds approximately 67,000 net acres, with 53,000 net acres located in the liquids-rich area of the play. In 2012, the company drilled three gross wells in the Southern Alberta Basin in Northwest Montana. The play is a westward analog of the industry’s Bakken and Three Forks plays of the Williston Basin in Montana and North Dakota. It control approximately 300,000 net acres in the play, either through option or lease agreements. In 2012, it sold its Lobo assets and a portion of its Olmos assets for $95.0 million. The oil and natural gas industry is subject to extensive laws that are subject to change. These laws have a significant impact on oil and natural gas exploration, production and marketing activities and increase the cost of doing business, and consequently, affect profitability.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.