One energy player that insiders are buying up a large amount of stock in here is Chesapeake Energy (CHK), a natural gas and oil exploration and production company. Insiders are buying this stock into strength, since shares are up 27% so far in 2013.
Chesapeake Energy has a market cap of $14 billion and an enterprise value of $28 billion. This stock trades at a cheap valuation, with a forward price-to-earnings of 10.56. Its estimated growth rate for this year is 141%, and for next year it's pegged at 36%. This is not a cash-rich company, since the total cash position on its balance sheet is $33 million and its total debt is a whopping $13.63 billion. This stock sports a dividend yield of 1.7%.>>5 Rocket Stocks Ready for Blastoff A director just bought 450,000 shares, or about $9.4 million worth of stock, at $20.89 per share. From a technical perspective, CHK is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has just started to breakout above some near-term overhead resistance at $20.96 a share. That move is quickly pushing shares of CHK within range of triggering another major breakout trade. If you're bullish on CHK, then I would look for long-biased trades as long as this stock is trending above $20.96 or above its 50-day at $19.98 and then once it breaks out above its 52-week high at $22.97 a share with high volume. Look for a sustained move or close above $22.97 with volume that hits near or above its three-month average action of 11.83 million shares. If we get that breakout soon, then CHK will set up to re-test or possibly take out its next major overhead resistance levels at $25.61 to $29 a share. Apache Another stock that insiders are jumping into here is Apache (APA), which explores, develops and produces natural gas, crude oil and natural gas liquids. Insiders are buying this stock into modest strength, since shares are up 8% so far in 2013. Apache has a market cap of $33 billion and an enterprise value of $44 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 18.02 and a forward price-to-earnings of 8.83. Its estimated growth rate for this year is -8.4%, and for next year it's pegged at 10.3%. This is not a cash-rich company, since the total cash position on its balance sheet is $248 million and its total debt is a whopping $12.48 billion. This stock sports a dividend yield of 1%.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV