Pick Up This Cheap Energy Stock Even Lower Than Chief Legal Officer Crabb Did

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 5, Nuverra Environmental Solutions, Inc.'s Exec. VP & Chief Legal Officer, Joseph M. Crabb, invested $68,050.00 into 5,000 shares of NES, for a cost per share of $13.61. 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.

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In trading on Wednesday, bargain hunters could buy shares of Nuverra Environmental Solutions, Inc. ( NES) and achieve a cost basis even cheaper than Crabb, with shares changing hands as low as $13.57 per share. Nuverra Environmental Solutions, Inc. shares are currently trading off about 0.2% on the day. The chart below shows the one year performance of NES shares, versus its 200 day moving average:

Nuverra Environmental Solutions, Inc. Chart

Looking at the chart above, NES's low point in its 52 week range is $12.90 per share, with $26.70 as the 52 week high point — that compares with a last trade of $13.57. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
03/20/2014 Jay Curtis Parkinson See Remarks 2,500 $17.87 $44,675.00
03/25/2014 Mark D. Johnsrud See Remarks 28,477 $18.60 $529,623.79
03/27/2014 Mark D. Johnsrud See Remarks 10,000 $19.07 $190,663.00
09/04/2014 Joseph M. Crabb Exec. VP & Chief Legal Officer 5,000 $13.18 $65,900.00
09/05/2014 Mark D. Johnsrud See Remarks 124,551 $13.70 $1,706,549.31
09/05/2014 Joseph M. Crabb Exec. VP & Chief Legal Officer 5,000 $13.61 $68,050.00

NES makes up 1.92% of the Environmental Services ETF ( EVX)

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