This is a solid energy exploration and production play, and with oil and gas prices rising, it could be an outstanding idea now. Kosmos Energy Ltd. (NYSE: KOS) is a deepwater independent oil and gas exploration and production company focused along the Atlantic Margins.
The company’s primary assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a proven basin exploration program.
Kosmos Energy’s focus is on unlocking new hydrocarbon systems and growing and maturing discovered basins through follow-on exploration success, development and production.
Goldman Sachs has set its target price at $4.50. The posted consensus target for Kosmos Energy stock is $3.64. The shares closed Friday at $3.18.
This stock has traded sideways all year long and could be ready to run. Southwestern Energy Co. (NYSE: SWN) is one of the largest U.S. natural gas producers. Its primary producing locations are in the Fayetteville region and the Marcellus Shale. The company has acquired acreage in southwest Appalachia, is exceeding expectations and provides a runway to growth.
The company’s estimated proved natural gas, oil and NGL reserves comprise 12,721 billion cubic feet of natural gas equivalent (Bcfe) and 929 Bcfe of proved undeveloped reserves. It also engages in marketing of natural gas, oil and NGLs. Southwestern Energy serves energy companies, utilities and industrial purchasers of natural gas.
The $6.75 Johnson Rice price target may be ready to move higher. Analysts on average have a target of $5.40 on Southwestern Energy stock. The shares have retreated somewhat from the recent 52-week high closing Friday at $5.17.
With WTI pushing $70 a barrel, many on Wall Street continue pounding the table on the sector as a go-to trade and the place to be for 2021. These stocks offer aggressive investors a way to play the sector plus get some solid share count leverage.
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