Grab This Cheap Energy Stock Even Lower Than Director Albrecht 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 September 12, Halliburton Company's Director, William E. Albrecht, invested $154,800.00 into 8,000 shares of HAL, for a cost per share of $19.35. 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. In trading on Wednesday, bargain hunters could buy shares of Halliburton Company (Symbol: HAL) and achieve a cost basis 1.3% cheaper than Albrecht, with shares changing hands as low as $19.09 per share. Halliburton Company shares are currently trading off about 1.2% on the day. The chart below shows the one year performance of HAL shares, versus its 200 day moving average:

Halliburton Company Chart

Looking at the chart above, HAL's low point in its 52 week range is $16.97 per share, with $42.57 as the 52 week high point — that compares with a last trade of $19.34. By comparison, below is a table showing the prices at which HAL insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
09/12/2019 William E. Albrecht Director 8,000 $19.35 $154,800.00

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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