This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Stocks With Key Insider Buying

Calumet Specialty Products

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

One stock in the energy complex that insiders have been active in is Calumet Specialty Products (CLMT), a producer of specialty hydrocarbon products in North America. This stock has been trending down a bit in 2011, with shares off by around 10%.

Calumet, one of the highest-yielding energy stocks, has a market cap of $756.99 million and an enterprise value of $1.60 billion. The stock trades at a reasonable valuation its trailing price-to-earnings is 29.28, and its forward price-to-earnings is 7.27. Its estimated growth rate for this year is 58.7%, and for next year it's pegged at 138.4%. This is far from a cash-rich company, with a total cash position of $2.59 million and total debt of $643.04 million.

>>7 Top-Rated Energy Stocks With Upside

The chairman of the board and director just bought 50,000 shares, or $937,000 worth of stock, at $18.74 per share. The president also just bought 16,000 shares, or $302,400 worth of stock, at $18.90 per share.

From a technical standpoint, this stock is currently trading above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock was hammered lower from its July highs of $22.81 to a recent low of $15.57. After hitting that low, the stock rebounded back towards its current price of $19 a share.

If you're bullish on this stock, I would look to buy once it clears its 200-day moving average of $19.76 on heavy volume. Look for volume to register close to or above its three-month average action of 537,955 shares. I would then add to any long position once it clears some more overhead resistance at $20.23 a share. In the near-term, I expect this stock to consolidate some of the recent gains since the relative strength index is flashing a 71 which indicates an overbought condition.

5 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,171.82 -107.92 -0.62%
S&P 500 1,993.77 -16.63 -0.83%
NASDAQ 4,523.0180 -56.7710 -1.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs