5 Stocks With Big Insider Buying
I would simply avoid HMPR if it fails to trigger that breakout, and then moves back below that recent low of $1.09 a share with heavy volume. Chesapeake Energy
Another name that insiders are snapping up here isChesapeake Energy(CHK) , which is engaged in the exploration, development and acquisition of properties for the production of natural gas and oil from underground reservoirs. Insiders are finding some decent value here since this stock has plunged 14% so far in 2012.
Chesapeake Energy has a market cap of $12.16 billion and an enterprise value of $25.87 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 7.62 and a forward price-to-earnings of 11.62. Its estimated growth rate for this year is -82.5%, and for next year it's pegged at 232.7%. This is far from a cash-rich company, since the total cash position on its balance sheet is $438 million and its total debt is a whopping $13.33 billion.
A director just bought 27,700 shares, or around $498,000 worth of stock, at $18 per share. Another director also just bought bought 20,000 shares, or around $355,000 worth of stock, at $17.75 per share.