Oil and Gas Stocks: Undervalued and Ready to Buy
Seeking some good stock deals? We have got you covered! Here are some solid and dependable stock picks and are currently priced well, and ready to be bought up! Vatalyst has compiled all the important, need-to-know details about these stock picks.
ATP Oil & Gas Corporation (ATPG): An oil and gas production company, with fields in the Gulf of Mexico, and the U.K. and Dutch sectors of the North Sea. Its reserves include 126 million barrels of crude oil equivalent, 75 million barrels of crude, and 300 billion cubic feet of natural gas.
Shares are trading at $10.71 at the time of writing, a little above the bottom of their 52-week trading range of $6.26 to $21.40. At the current market price, the company is capitalized at $546.54 million. Earnings per share for the last fiscal year came in at -$9.21, and the company paid no dividend.
ConocoPhillips (COP): Shares are trading at $67.75 at the time of writing, in the middle of their 52-week trading range of $52 to $81.80. At the current market price, the company is capitalized at $93.02billion. Earnings per share for the last fiscal year were $7.93, placing the shares on a price to earnings ratio of 8.55. It paid a dividend of $2.64, a yield of 3.90%
GMX Resources Inc (GMXR): With most of its operations in the United States, GMX Resources is involved in the exploration and production of oil and natural gas in the western U.S.
Shares are trading at $3.05 at the time of writing, at the bottom of their 52-week trading range of $3.23 to $6.56. At the current market price, the company is capitalized at $192.06 million. Earnings per share for the last fiscal year were negative at -$5.62, The company expects its earnings to turn positive in 2012, which would be a massive turn around after nearly two years of increasing losses. It has recently rewritten some of its debt portfolio, and this may help it to recover the ground that it has lost.
Sandridge Energy Inc (SD): Sandridge explores for oil and natural gas opportunities in the United States (mostly in west Texas), and has over 3,300 producing wells.
Shares are trading at $6.55 at the time of writing, and in the lower half of their 52-week trading range of $3.87 to $13.34. At the current market price, the company is capitalized at $3.06billion. Earnings per share for the last fiscal year were -$0.09. It paid no dividend last year.
Ultra Petroleum Corp (UPL): The company develops oil and gas predominantly in the Green River Basin in Wyoming, and the Marcellus Shale in Pennsylvania.
Shares are trading at $38.23 at the time of writing, with a 52-week trading range of $37.10 to $51.20. At the current market price, the company is capitalized at $5.85billion. Earnings per share for the last fiscal year were $2.14, placing the shares on a price to earnings ratio of 17.87.
Range Resources Inc (RRC): RRC develops natural gas properties in the Southwest and the Marcellus (where it has 1.1 million net acres), and the company owns 5,000 producing wells.
Shares are trading at $51.90 at the time of writing, with a 52-week trading range of $32.25 to $67.33. At the current market price, the company is capitalized at $8.20billion. Earnings per share for the last fiscal year were -$1.890. It paid a dividend of $0.16 last year (a yield of 0.30%).
These are all pretty well known stocks, so you should have a bit of a leg up on knowledge and may only have to do a little research. They are affordable stocks right now, so you might want to jump in before they get pricey once again. Good luck!
Quotes taken from report by Vatalyst, Read the entire article here.
This is not an offer to buy or sell securities. Oil investment carries with it very high risks. The information contained within this site has not been nor will it be verified by Turn Key Oil and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.
