6 Stocks With Heavy Insider Buying

NEW YORK ( TheStreet) - Company insiders and potential investors plowed heavily into these six stocks this past week. Furthermore, some of the stocks have high dividend yields and are seen reaping attractive returns, according to analysts' estimates. A few of these companies are scheduled to report their quarterly earnings in the first week of November.

Based on heavy insider buying, analyst recommendations and favorable company-related developments, these six stocks have potential upsides ranging from 8% to 110%. Fifty-three percent of the analysts covering these stocks issued a buy recommendation and the rest rated a hold, according to data compiled by Bloomberg.

We present the stocks in order of their earnings release date.

6. NV Energy ( NVE) is an investor-owned holding company operating through six wholly owned subsidiaries: Nevada Power Company, Sierra Pacific Power Company, Sierra Pacific Energy Company, NVE Insurance Company and Lands of Sierra.

Of the 15 analysts covering the stock, nine recommend a buy and the rest rate a hold. There are no sell ratings on the stock. Its average 12-month price target is $16.61, up 6.5% from the current price, as per a Bloomberg consensus.

The stock is trading at a dividend yield of 3.01%. The company paid its second quarterly cash dividend of 12 cents per share in the last week of September. Net insider purchases as of Oct. 17 were 7,500 shares at a unit price of $12.41 per share, or total proceeds of $93,052.5.

NVE will report third-quarter results on Nov. 2. Earnings per share for the quarter are seen at 71 cents, vs. 7 cents in the prior quarter, according to analysts polled by Bloomberg. Sales for the quarter are expected at $1.08 billion, higher than $674.93 million in the previous quarter. Moreover, Goldman Sachs, in the last week of September, said above-average earnings-per-share growth and solid free-cash flow would result in higher dividend yields for fiscal 2012.

5. EXCO Resources ( XCO), an independent oil and natural gas company, engages in the exploration, exploitation, development and production of onshore oil and natural gas properties in North America. In addition, the company also owns a 50% interest in midstream joint ventures located in the East Texas-North Louisiana region and in Appalachia.

Of the 14 analysts covering the stock, 29% recommend a buy and 64% rate a hold. The stock's average 12-month price target is $14.50, which is 23.7% higher than the current price, as per a Bloomberg consensus.

The stock is trading at a dividend yield of 1.37%. In the last week of September, the company paid its third quarterly cash dividend of 4 cents per share. Funds headed by Wilbur Ross added to their position with significant share purchases of EXCO on Oct. 17, at a unit price of $9.99 per share. The funds include WLR IV Parallell ESC and Invesco Private Capital.

The company is scheduled to release its third quarter results on Nov.1. Net income for the quarter is seen at $41.74 million, vs. $39.17 million in the prior quarter and $34.38million in the year-ago period, according to analysts polled by Bloomberg. Sales for the quarter are estimated to increase to $242.17 million, topping $230.04 million reported in the previous quarter and $130.99 million in the year-earlier quarter.

Moody's Investors Service changed its outlook on EXCO to stable from developing after the company closed its review of strategic alternatives. The rating agency believes that EXCO has successfully raised its production and reserves during the past two years without increasing leverage. Also, even if its debt increases in 2012, the upgrade in reserve and production will support higher debt balance.

4. Crimson Exploration ( CXPO), an independent energy company, engages in the acquisition, exploitation, exploration and development of oil and natural gas properties in the U.S. Gulf Coast and South Texas regions.

Of the nine analysts covering the stock, five recommend a buy and the rest suggest a hold. There are no sell ratings on the stock. Its average 12-month price target is $3.73, which is 48.1% higher than the current price, as per a Bloomberg consensus.

On Oct. 17, a company director purchased 10,000 shares of CXPO at a unit price of $2.64 per share, or $26,391 worth. Additionally, he bought 5,000 shares at a unit price of $2.60 per share for total proceeds of $12,991.50.

For the second quarter of 2011, net loss narrowed to $2.8 million, or 6 cents per share, compared to $6.4 million, or 16 cents per share, in the prior-year quarter. On average, production for the quarter increased to 48.7 Mmcfepd, up 62% from the same quarter last year. Daily oil and liquids production rose 50% to 2,138 barrels over the year-ago quarter. The company has reduced cash expenses by $1.65 per Mcfe, a 30% decrease from the second quarter of 2010.

Meanwhile, CXPO is scheduled to release its third quarter results on Nov.10. Analysts polled by Bloomberg estimate sales to increase to $30.40 million, higher than $24.54 million in the same quarter prior year. Operating profit is forecast at $4.80 million, up from $1.70 million in third quarter of 2010. EBITDA is seen at $19.05 million, improving from $14.45 million in the year-earlier period.

3. Red Lion Hotels ( RLH), a hospitality and leisure company, engages in the ownership, operation and franchising of mid-scale and upscale hotels under the Red Lion brand. Broadly, it operates in three segments: hotels, franchise and entertainment.

Of the six analysts covering the stock, 33% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. Its average 12-month price target is $8.25, which is 21.3% higher than the current price, as per a Bloomberg consensus.

On Oct. 17, Columbia Pacific Opportunity Fund purchased 16,400 shares of Red Lion Hotels at unit price ranging from $6.69 to $6.93 per share, or $111,997.6 worth. Columbia Pacific has 10% ownership in the company.

For the second quarter of 2011, total revenue increased to $45.4 million from $42.5 million in the year-ago quarter. Net income stood at $18.6 million, compared to net loss of $64,000 in the second quarter of 2010. RevPAR for comparable owned and leased hotels increased 6.3% year-over-year. Also, occupancy for comparable owned and leased hotels increased 290 basis points during the same period. Recently, RLH announced five new franchises in New Mexico.

The company is scheduled to release third quarter results on Nov.3. Analysts polled by Bloomberg expect net income to increase to $3.99 million, or 21 cents per share, from $3.15 million, or 17 cents per share in the year-ago quarter. Operating profit is estimated at $7.81 million, increasing from $6.79 million earlier. Sales are seen rising to $51.25 million from $49.84 million in the same quarter prior year.

2. Carmike Cinemas ( CKEC), a motion picture exhibitor in the U.S., owns, operates or has interests in almost 244 theaters with 2,277 screens located in 35 states. The company derives a major portion of revenue from ticket sales.

Of the nine analysts covering the stock, four recommend a buy and the rest suggest a hold. There are no sell ratings on the stock. The stock's average 12-month price target is $10.56, which is 69.0% higher than the current price, according to a Bloomberg consensus.

On Oct.17, the company's CEO purchased 771 shares at a unit price of $6.35 per share, or $4,895.85 worth.

Total operating revenue for the second quarter of 2011 was $132.2 million, vs. $126.3 million in the year-ago quarter. The company reported net income of $5.9 million, compared to net loss of $6.5 million in the year-ago quarter. Average attendance per screening increased to 5,890 from 5,444 in the second quarter of 2010.

CKEC is scheduled to report its third quarter results on Nov. 7. A consensus estimate of analysts polled by Bloomberg, expects CKEC's net income to increase to $2.94 million, or 22 cents per share, from $0.82 million, or 5 cents per share, in the year-ago quarter. Sales are seen rising 7.8% to $134.6 million. Meanwhile, return on assets is likely to swing to positive 3.15% from negative 0.70% in the same quarter prior year. Gross margin is estimated to expand by 4,536 basis points.

1. Apache ( APA) is an independent natural gas and oil company with exploration and production interests in seven countries: the U.S., Canada, Egypt, Australia, Argentina, Chile, and offshore the U.K. in the North Sea.

Of the 30 analysts covering the stock, 80% rate a buy and the rest advise a hold. There are no sell ratings on the stock. The stock's average 12-month price target is $132.30, up 44.9% from the current price, as per a Bloomberg consensus.

The company has a dividend yield of 0.66%. Mid-September, APA declared regular cash dividend of 15 cents per share on the company's common stock and 6% Mandatory Convertible Preferred Stock, Series D at the rate of $15 per share indicating 75 cents per depository share and 1/20 of a share of Series D preferred stock. The dividend on common shares is payable Nov. 22, while that on Series D is payable Nov.1. For the third quarter, dividend per share is expected to increase to 16 cents.

On Oct. 17, a company director bought 5,000 shares of APA at a unit price of $90.00 per share, or total proceeds worth $450,000.

For the second quarter 2011, production reached 749,000 barrel of oil equivalent per day (boe/d), vs. 647,000 boe/d in the year-ago quarter. Net income was recorded at $1.2 billion, or $3.17 per diluted share, compared to $860 million, or $2.53 per diluted share in the year ago quarter.

The company is scheduled to release its third-quarter results on Nov.3. Analysts polled by Bloomberg estimate net income for the quarter at $1.1 billion, or $2.66 per share, compared to $804.54, or $2.12 per share, in the year-ago quarter. Sales for the quarter are seen increasing to $4.2 billion from $3.0 billion in the same quarter prior year. Gross margin is seen expanding by 2,405 basis points.

>>To see these stocks in action, visit the 6 Stocks With Heavy Insider Buying portfolio on Stockpickr.