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If you're interested in companies that produce commodities, here are some ideas on how to search through the sector.

We ran a screen on the basic materials sector for stocks that appear undervalued to earnings growth, with PEG below 1. We then screened for those with the most significant net insider purchases over the last six months, indicating company insiders such as members of the board and upper management, expect their employers to outperform.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these insiders are calling it right? Use this list as a starting point for your own analysis.

1. Century Aluminum Co. (CENX): Produces primary aluminum in the United States, Iceland, and internationally. PEG at 0.46. Over the last six months, insiders were net buyers of 503,343 shares, which represents about 0.97% of the company's 51.93M share float.

2. Callon Petroleum Co. (CPE): Engages in the acquisition, exploration, development, and production of crude oil and natural gas properties in the onshore in Louisiana and Texas, and the offshore waters of the Gulf of Mexico. PEG at 0.91. Over the last six months, insiders were net buyers of 13,197 shares, which represents about 0.03% of the company's 38.43M share float.

3. Delek US Holdings Inc. (DK): Engages in refining, wholesaling, and marketing petroleum products in the United States. PEG at 0.58. Over the last six months, insiders were net buyers of 4,000 shares, which represents about 0.03% of the company's 13.20M share float.

4. Kronos Worldwide Inc. (KRO): Engages in the production and marketing of titanium dioxide pigments in North America and Europe. PEG at 0.47. Over the last six months, insiders were net buyers of 535,844 shares, which represents about 2.56% of the company's 20.93M share float.

5. Schnitzer Steel Industries Inc. (SCHN): Engages in recycling ferrous and nonferrous scrap metals, and used and salvaged vehicles; and manufacturing finished steel products. PEG at 0.92. Over the last six months, insiders were net buyers of 6,100 shares, which represents about 0.02% of the company's 24.87M share float.

6. Thompson Creek Metals Company Inc. (TC): Engages in mining, milling, processing, and marketing molybdenum products in the United States and Canada. PEG at 0.11. Over the last six months, insiders were net buyers of 52,900 shares, which represents about 0.03% of the company's 153.66M share float.

7. Walter Energy, Inc. (WLT): Produces and exports metallurgical coal for the steel industry primarily in the United States. PEG at 0.74. Over the last six months, insiders were net buyers of 29,820 shares, which represents about 0.05% of the company's 62.11M share float.

8. EXCO Resources Inc. (XCO): Engages in the exploration, exploitation, development, and production of onshore North American oil and natural gas properties with a focus on shale resource plays. PEG at 0.67. Over the last six months, insiders were net buyers of 5,399,430 shares, which represents about 4.06% of the company's 133.01M share float.

9. Horsehead Holding Corp. (ZINC): Produces and sells specialty zinc and zinc-based products in North America. PEG at 0.92. Over the last six months, insiders were net buyers of 34,600 shares, which represents about 0.08% of the company's 43.14M share float.

*Insider data sourced from Yahoo Finance, all other data sourced from Finviz.

Source: 9 Undervalued Materials Stocks Insiders Are Buying Up