7 Energy Stocks Priced for a Steal
These energy stocks are a steal in the price arena. They are at some of the lowest prices they have been, which means they are at a great buy in point right now. Many of these stocks are large companies who have proven track record, which can give you a little more confidence when thinking about investing. David Alton Clark likes these seven stocks, we hope you do too!
Baker Hughes Incorporated supplies wellbore-related products, and technology services and systems for drilling, formation evaluation, completion and production, and reservoir technology and consulting to the oil and natural gas industry worldwide. The company is trading significantly below analysts’ estimates. Baker Hughes has a median price target of $98 by 27 brokers and a high target of $140. The last up/downgrade activity was on Jul 26, 2011, when Howard Weil upgraded the company from Market Perform to Market Outperform.
Hess Corporation and its subsidiaries operate as an integrated energy company. It operates in two segments, Exploration and Production (E&P) and Marketing and Refining (M&R). The company is trading significantly below analysts’ estimates. Hess has a median price target of $93 by 14 brokers and a high target of $115. The last up/downgrade activity was on May 5, 2011, when Argus upgraded the company from Hold to Buy.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industries worldwide. It also offers platform drilling, well intervention, and engineering services. The company is trading significantly below analysts’ estimates. Seadrill has a median price target of $41 by 12 brokers and a high target of $205. The last up/downgrade activity was on Mar 17, 2011, when RBC Capital Markets upgraded the company from Sector Perform to Outperform.
HollyFrontier Corporation operates as an independent petroleum refiner and marketer in the United States. It produces light products, such as gasoline, diesel fuel, jet fuel, and other specialty products. First Call expects 3.35 EPS for next quarter. The company is trading significantly below analysts’ estimates. HollyFrontier has a median price target of $83.50 by 14 brokers and a high target of $100. No upgrade & downgrade activity is available for the company per Yahoo Finance.
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States and internationally. The company is trading significantly below analysts’ estimates. Marathon has a median price target of $53.50 by 12 brokers and a high target of $60. The last up/downgrade activity was on Jul 25, 2011, when Dahlman Rose initiated coverage on the c0ompany with a Buy rating.
These stocks are currently prices below analysts estimates but are trading well. Their numbers are looking good, and really speak for themselves. As always, more due diligence is always helpful! Watch these stocks.
Quotes taken from report by David Alton Clark, Read the entire article here.
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