S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Energy

Calls For 50% to 100% Upside in Energy Stocks (AREX, MHR, NOG, OAS, REXX, SFY, VOG, GDP)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
It is not too often that analysts call for stocks to rise 50%, let alone call for them to rise 100%.  That is happening as Canaccord Genuity has initiated coverage of many second tier oil and gas companies with buy ratings.  The implied upside is frankly off the charts as far as price targets, but what is amazing is that the upside targets are often not that far off from the pack of analysts and some of the stocks have even seen these prices or come close over the last year.

Approach Resources Inc. (NASDAQ: AREX) was started as Buy with a $38.00 price target based upon catalysts driving the horizontal Wolfcamp potential. The current price is $21.58 and the 52-week range is $9.83 to $34.93 and Thomson Reuters has a consensus price target of $31.69.

Magnum Hunter Resources Corp. (AMEX: MHR) was started as Buy with $9.00 price target as the sum of parts analysis is attractive due to a relative mispricing of assets.  At $4.62, the 52-week trading range is $3.72 to $8.66 and Thomson Reuters has a consensus price target of $8.68.

Northern Oil and Gas (AMEX: NOG) was started as Buy with $37.00 target as the firm sees the company having blowout earnings in the second half due to its accelerated Bakken presence.  At $22.41, the 52-week range is $11.72 to $33.98 and Thomson Reuters has a consensus price target of $33.40.

Oasis Petroleum Inc. (NYSE: OAS) was started as Buy with a $36.00 based on the company positioning its asset base to accelerate growth in 2012.  At $27.37, the 52-week range is $16.74 to $36.15 and Thomson Reuters has a consensus price target of $36.19.

Rex Energy Corporation (NASDAQ: REXX) was started as Buy with a $18 target based upon meaningful catalysts to “drive second-half alpha generation.”  At $13.93, the 52-week range is $9.67 to $14.33 and Thomson Reuters has a consensus price target of $16.62.

Swift Energy Company (NYSE: SFY) was started with a Buy rating and a $52.00 price target based upon the thesis that the company’s assets are undervalued and have a significant resource potential.  At $32.56, the 52-week range is $25.08 to $48.19 and Thomson Reuters has a consensus price target of $48.77.

Voyager Oil & Gas, Inc. (AMEX: VOG) was started as Buy with a $5.00 price target as the firm called this “a high-beta play for a second-half Bakken bounce back.”  At $2.39, the 52-week range is $2.20 to $7.75 and Thomson Reuters has a consensus price target of $5.29.

Goodrich Petroleum Corporation (NYSE: GDP) was started as Buy with a $31.00 target after management meetings have highlighted the company’s asset quality and it sees a disproportionate equity value upside.  At $15.49, the 52-week range is $12.28 to $23.80 and Thomson Reuters has a consensus price target of $24.75.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Lee Jackson |

6 Top Energy Stocks That May Be Targets After Encana Buys Athlon

UBS analysts list six top energy stocks, some of which are already swirling in the rumor mill, as possible takeover…

Lee Jackson |

Merrill Lynch’s Top Energy Stocks to Buy for 2014

ThinkstockWhile many on Wall Street are predicting a possible slide in West Texas Intermediate (WTI) pricing for next year, the…

Jon C. Ogg |

After The Fall: Value & Upside In Chip Stocks As Summer Heat Awaits (INTC, QCOM, BRCM, NVDA, AMD, TSM, MU, FSL, SNDK, AMAT, ALTR, LRCX, SMH, XSD, USD)

The recent sell-off has been brutal to semiconductors and chip stocks of late.  To make matters worse, investing in technology…

Stifel Has 5 Mid-Cap Energy Stocks to Buy With 100% and More Upside Potential
Lee Jackson |

Stifel Has 5 Mid-Cap Energy Stocks to Buy With 100% and More Upside Potential

These top picks from Stifel were pounded during the spring and now offer investors massive upside potential to the assigned…

13 Top Oil & Gas Stock Picks for 2018 as Oil Challenges $60
Jon C. Ogg |

13 Top Oil & Gas Stock Picks for 2018 as Oil Challenges $60

What has been hard to ignore is that Wall Street is now calling for energy stocks to return to being…

4 Merrill Lynch Top Idea Energy Stocks to Buy for 2018
Lee Jackson |

4 Merrill Lynch Top Idea Energy Stocks to Buy for 2018

Despite a huge rally off the summer lows, sentiment for the energy sector still remains very weak, and oil prices…

Jon C. Ogg |

Natural Gas is Cheap; What About Natural Gas Stocks? (XOM, BP, COP, APC, DVN, EOG, CHK)

After popping to an intra-day high near $5/thousand cubic feet (tcf) in early June, natural gas prices have dropped back…

Trey Thoelcke |

Merrill Lynch Sees Volatile 2014 Oil Market for Top Stocks to Buy

In a new research report, the energy team at Merrill Lynch see a more volatile year ahead, anchored on an…

Merrill Lynch Has 4 Blue Chip Energy Dividend Stocks to Own for 2016
Lee Jackson |

Merrill Lynch Has 4 Blue Chip Energy Dividend Stocks to Own for 2016

24/7 Wall St. screened the Merrill Lynch energy stock universe and found four top companies rated Buy with solid dividends…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820