This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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 Big Insider Buying

Stocks in this article: CHKAPAAIGMOSYDXM

>>5 Stocks Setting Up to Break Out

Chesapeake Energy

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%.

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • 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