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A major market correction has created much lower stock prices, and many insiders are taking advantage of this opportunity. The amount of insider buying has surged in the last few weeks. When you see insider buying at depressed prices, it often means the shares are oversold and offer great long-term value. I have provided links for each stock, which verifies the insider buying filed with the SEC below. Here are the stocks:

Exco Resources, Inc. (XCO) is trading around $11.37. Exco is an onshore North American oil and natural gas properties, and is based in New York. These shares have traded in a range of $10.58 to $21.04 in the last 52 weeks. XCO is estimated to earn about 78 cents per share in 2011. XCO pays a dividend of 16 cents per share, which is equivalent to a 1.2% yield. The book value is stated at $7.69. Billionaire Wilbur Ross just bought over $60 million worth of this stock. You can see the repeated insider buying here.
Crimson Exploration (CXPO) is trading around $2.15. Crimson is a independent oil and gas company based in Texas. These shares have traded in a range of $2 to $4.73 in the last 52 weeks. The 50-day moving average is $2.73 and the 200-day moving average is $3.63. CXPO is estimated to lose about 14 cents per share in 2011 and earn 7 cents in 2012. The book value is stated at $3.83.
A couple of directors have purchased over 40,000 shares in the past few weeks, see that here.
NL Industries Inc. (NL) is trading around $12.92. NL Industries makes a wide variety of products ranging from furniture parts, marine components, and more. These shares have traded in a range of $8.54 to $19.90 in the last 52 weeks. The 50-day moving average is $14.58 and the 200-day moving average is $14.52. Earnings estimates for NL were not available on Yahoo Finance. The dividend is 50 cents per share, which is equivalent to a 4.2% yield. The CEO recently bought about 20,000 shares, which is worth about $250,000. You can see the insider buying here.
Opko Health Inc., (OPK) is trading around $4.51. Opko is a specialty drug and vaccine company, based in Florida. These shares have traded in a range of $2.13 to $5.03 in the last 52 weeks. The 50-day moving average is $4.15 and the 200-day moving average is $3.92. OPK is estimated to post a loss in 2011. The CEO has been making regular purchases of stock. You can see the repeated insider buying here.
ATP Oil and Gas Corp. (ATPG) is trading at $11.04. ATPG is an independent oil and gas company, based in Texas. These shares have traded in a range of $6.26 to $21.40 in the last 52 weeks. The 50-day moving average is $12.81 and the 200-day moving is $16.02. Earnings estimates for ATPG are expected to go from a loss in 2011 to a profit of $1.49 per share in 2012. The higher revenue and profits for 2012 are due to higher production coming from oil wells in the Gulf of Mexico. A few directors have been buying significant amounts of ATPG stock in recent weeks. You can see the repeated insider buying here.
Goodrich Petroleum (GDP) is trading at $12.62. Goodrich is an independent oil and gas company, based in Texas. These shares have traded in a range of $12.01 to $23.80 in the last 52 weeks. The 50-day moving average is $16.04 and the 200-day moving is $18.80. Earnings estimates for GDP are expected to go from a loss in 2011 to a profit of $1.01 per share in 2012. The higher revenue and profits for 2012 are due to higher production. The Chairman recently bought 10,000 shares and others have been buying as well. You can see the repeated insider buying here:
Metalico Inc., (MEA) is trading around $3.92. Metalico is a scrap metal company, based in New Jersey. These shares have traded in a range of $3.55 to $6.69 in the last 52 weeks. The 50-day moving average is $4.39 and the 200-day moving average is $5.35. MEA is estimated to earn 53 cents in 2011, and about 70 cents in 2012. A director recently bought 100,000 shares, which has a transaction value of about $388,000. You can see the repeated insider buying here.
Data sourced from Yahoo Finance and Insidercow.com. The information and data is believed to be accurate, but no guarantees or representations are made.
Disclosure: I am long ATPG.
Disclaimer: Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes only.
Source: 7 Beaten-Down Stocks With Fresh Insider Buying