The oil and gas industries have been a burden to the stock market, as has just about anything tied to energy. Almost all the stocks in this group have been absolutely atrocious performers since the end of 2014. In fact, some of the largest companies among industry sub-groups have seen their shares fall 50%, 75% or even more. And the waves of expected bankruptcies are believed to only be at the starting point right now.
Amazingly, Wall Street analysts still think some of these companies offer incredible long-term upside. Some analysts have maintained Buy and Outperform ratings on these stocks and others have decided in recent weeks that the carnage has gone too far.
24/7 Wall St. offers a harsh warning here. If oil does not start to recover, and particularly if oil’s slide into oblivion continues, it should only be expected that these analyst calls will have seriously missed their marks or will prove to be far too early. There is also the notion that the stock market has been listing lower and lower since the end of 2015, and readers should note that most analyst calls were first defending the oil and gas sector even a year ago at far higher stock and oil prices.
OK, so now that you have been warned about some of the most obvious risks in energy stocks for now, here are four oil and gas stocks with recent analyst upgrades or very positive calls.
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