Energy Business
5 Red-Hot Energy Stocks Under $10 With Substantial Upside Potential
February 20, 2021 6:15 am
This leading integrated oil and gas firm has extensive upstream operations. Marathon Oil Corp. (NYSE: MRO) operates through three segments. The North America Exploration and Production segment develops, explores for, produces and markets crude oil and condensate, NGLs and natural gas in North America.
The International Exploration and Production segment explores for, produces and markets crude oil and condensate, NGLs and natural gas in Equatorial Guinea, Gabon, the Kurdistan Region of Iraq, Libya and the United Kingdom, as well as produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol in Equatorial Guinea.
The Oil Sands Mining segment mines, extracts and transports bitumen from oil sands deposits in Alberta and Canada, and it upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.
Investors receive a 1.85% dividend. The Siebert Williams Shank price target is $11, and the consensus target is $9.32 Marathon Oil stock has traded near $9.50 a share in recent days.
This small-cap play could very well be a possible takeover candidate. Oil States International Inc. (NYSE: OIS) provides oilfield products and services for the drilling, completion, subsea, production and infrastructure sectors of the oil and gas industry worldwide.
The company’s Well Site Services segment offers a range of equipment and services that are used to drill for, establish and maintain the flow of oil and natural gas from a well throughout its lifecycle. It also provides services, including wireline support, frac stacks, isolations tools, extended reach tools, ball launchers, well testing and flowback operations, thru tubing activity and sand control, as well as land drilling services.
The Downhole Technologies segment provides oil and gas perforation systems, and downhole tools in support of completion, intervention, wireline and well abandonment operations. This segment also designs, manufactures and markets its consumable engineered products to oilfield service and to exploration and production companies.
The $7 Stifel price target compares with the $6.14 consensus figure and the recent share price short of $7.
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