Investing
3 Huge Analyst Stock Picks to Buy Now for 2016 Gains
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As we have discussed in detail, the 2016 market sell-off is one that is trading more on worries than reality. With market metrics as bad as the dark days of 2008 and 2009, and investor sentiment and negativity right there as well, savvy investors have a chance now to take advantage of lows in the market not seen in over two years.
In a recent research note from the analysts at SunTrust Robinson Humphrey, the focus in on three stocks to buy that have been marked down huge due to a variety of reasons. While all three are more suitable for aggressive accounts, they still could provide the kind of strong upside move to introduce alpha into suffering 2016 accounts. All are rated Buy at SunTrust.
Pioneer Natural Resources
Many Wall Street analysts love this stock as a pure crude oil play, and recently it was upgraded by Deutsche Bank and Citigroup. Pioneer Natural Resources Co. (NYSE: PXD) engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas and natural gas liquids. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in south Texas, the Raton field in southeastern Colorado and the West Panhandle field in the Texas panhandle.
This company is a huge player in the Permian basin and the Eagle Ford, and it owns more than 20,000 locations in the world’s second largest oil reservoir in the Midland Basin. Wall Street analysts were very positive on the third-quarter results and noted that the company reiterated annual production growth guidance of 15% or more while cutting the number of rigs expected to operate. With a stellar balance and the new capital from a recent secondary offering, the company is poised to remain the number one player in the Permian.
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