This is another small-cap energy play on which the SunTrust team remains very positive. Earthstone Energy Inc. (NYSE: ESTE) is a growth-oriented independent oil and gas exploration and production company engaged in developing and acquiring oil and gas reserves through an active and diversified program that includes acquiring, drilling and developing undeveloped leases, asset and corporate acquisitions and exploration activities. Its primary assets are located in the Midland Basin of west Texas, the Eagle Ford trend of south Texas and the Williston Basin of North Dakota.
The $14 SunTrust price target for the stock is less than the $14.79 analysts’ consensus target. The stock ended the week changing hands at $8.40 a share.
This is yet another small-cap energy play that has big upside potential. Lonestar Resources Ltd. (NASDAQ: LONE) is an independent oil and gas company. It is focused on the development, production and acquisition of unconventional oil, natural gas liquids and natural gas properties in the Eagle Ford Shale in Texas.
The company is conducting resource evaluation on approximately 44,084 gross acres in the West Poplar area of the Bakken-Three Forks trend in Roosevelt County, Montana. Its properties in Eagle Ford Shale Trend-Western Region include Asherton, Beall Ranch, Burns Ranch Area and Horned Frog.
Lonestar also operates Southern Gonzales County property in Eagle Ford Shale Trend-Central Region, as well as Brazos and Robertson Counties in Eagle Ford Shale Trend-Eastern Region. It has leased approximately 1,450 gross acres in its Cyclone project area.
The SunTrust price target is a whopping $17. The posted consensus target is much lower at $6.50, while the shares closed way above that on Friday at $8.70.
Lastly, another small-cap energy play that has huge upside potential. Lilis Energy Inc. (NYSE: LLEX) is an upstream independent oil and gas company that is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. The company drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado and Nebraska.
The company’s vertical well produces approximately 690 net million cubic feet per day. The well holds the lease to all depths, from the surface down to approximately 22,000 feet, including the Wolfcamp, Bone Springs and Avalon formations.
The SunTrust price target is $7 a share. The consensus target is $7.67, and the stock ended trading on Friday at $4.12 per share.
These five stocks for aggressive accounts looking to get share-count leverage on companies all have sizable upside potential. While they are not suited for all investors, these are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage of them.
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