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.

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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.