Land This Cheap Energy Stock Even Lower Than CEO and President Woodall 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 January 13, Bill Barrett Corp's CEO and President, R. Scot Woodall, invested $48,982.10 into 5,000 shares of BBG, for a cost per share of $9.80. 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.

START SLIDESHOW:
Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders »

In trading on Monday, bargain hunters could buy shares of Bill Barrett Corp ( BBG) and achieve a cost basis 5.9% cheaper than Woodall, with shares changing hands as low as $9.22 per share. Bill Barrett Corp shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of BBG shares, versus its 200 day moving average:

Bill Barrett Corp Chart

Looking at the chart above, BBG's low point in its 52 week range is $7.54 per share, with $29.35 as the 52 week high point — that compares with a last trade of $9.48. By comparison, below is a table showing the prices at which BBG insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
12/10/2014 Jim W. Mogg Director 25,000 $8.01 $200,352.72
01/13/2015 R. Scot Woodall CEO and President 5,000 $9.80 $48,982.10

According to the ETF Finder at ETF Channel, BBG makes up 1.41% of the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP) which is trading relatively unchanged on the day Monday.

More from Stocks

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

At End of May, Investors Signalling They May Stay Away

At End of May, Investors Signalling They May Stay Away

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever