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|Miller Energy Resources Series D Preferred Stock Crosses Above 11.5% Yield Territory
Wednesday, November 12, 2:07 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Miller Energy Resources, Inc.'s 10.5% Series D Fixed Rate/Floating ...
January 2017 Options Now Available For Exco Resources (XCO)
Monday, November 17, 1:19 PM ET, by Market News Video Staff
Investors in Exco Resources Inc. (XCO) saw new options begin trading today, for the January ...
Miller Energy Resources Series C Preferred Stock Crosses Above 12% Yield Territory
Tuesday, November 18, 2:23 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Miller Energy Resources, Inc.'s 10.75% Series C Cumulative Redeemable ...
MILL: Insiders vs. Shorts
Wednesday, December 17, 2:30 PM ET, by Market News Video Staff
The most recent short interest data was recently released by the NASDAQ for the 11/28/2014 ...
Interesting XCO Put And Call Options For February 2015
Tuesday, December 23, 12:06 PM ET, by Market News Video Staff
Investors in Exco Resources Inc. (XCO) saw new options begin trading this week, for the ...
Cyber Monday Stock Bargains: Miller Energy Resources a 41% Better Deal Than When Stivers Bought
By Energy Stock Channel Staff, Monday, November 28, 12:56 PM ET
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 September 28, Miller Energy Resources, Inc.'s Director, Charles M. Stivers, invested $184,400.00 into 40,000 shares of MILL, for a cost per share of $4.61. 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 Miller Energy Resources, Inc. (MILL) and achieve a cost basis 41.4% cheaper than Stivers, with shares changing hands as low as $2.70 per share. Miller Energy Resources, Inc. shares are currently trading up about 9.1% on the day. The chart below shows the one year performance of MILL shares, versus its 200 day moving average:
Looking at the chart above, MILL's low point in its 52 week range is $2.02 per share, with $8.04 as the 52 week high point — that compares with a last trade of $2.86. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
||David J. Voyticky
||Scott M. Boruff
||Merrill A/ McPeak
||David Michael Hall
||Charles M. Stivers
MILL operates in the Oil & Gas Exploration & Production sector, among companies like Exco Resources Inc. (NYSE:XCO) which is up about 6.2% today, and McMoran Exploration Co (MMR) trading higher by about 7.7%. Below is a three month price history chart comparing the stock performance of MILL, versus XCO and MMR.
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