Energy
6 Oil and Gas Stocks Analysts Want You to Buy Now
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With crude oil having closed out the week of April 15 still above $40 per barrel, there is more hope that the worst has been seen in the energy sector. This hope has led investors back into the oil and gas sector for weeks now. In fact, some oil and gas stocks traded so low in the first six weeks of 2016 that they have since risen 30% to 50% — and many have even more than doubled off of their lows.
24/7 Wall St. reviews dozens of analyst upgrades and downgrades each day of the week to find value for our readers. By the end of each week, this generally adds up to hundreds of analyst views. Some of these calls cover stocks to buy, while others cover stocks to sell or to avoid. One interesting take is to view analyst calls by sector. It turns out that there are many analyst calls looking at opportunities in the oil and gas sector.
Several analyst calls in the oil and gas stocks from the week ending April 15, 2016, stood out above and beyond the rest of the pack. Another consideration here is that most Dow and S&P stocks are given implied upside of 8% to 15% when analysts upgrade or initiate coverage with positive ratings.
One word of caution: these should all be considered long-term views rather than mere trading opportunities. Another issue to consider is that if the price of oil heads back down toward $30 (or worse, even lower), then every one of these calls almost certainly will look extremely premature.
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