Jagged Peak Energy
This smaller energy company had an initial public offering in early 2017 and currently has sizable upside potential from current trading levels. Jagged Peak Energy Inc. (NYSE: JAG) is a Permian Basin oil and gas producer with 70,000 net acres in the Southern Delaware Basin in three operating areas.
Its largest position is held in Whiskey River (35,000 net acres), which is located in Reeves and Ward counties, followed by Big Tex (22,000 net acres), which is located in Pecos County, and Cochise (12,900 net acres), which straddles Ward and Winkler counties.
An $11 price target is posted at Williams Capital. The consensus target is $10.42, and the stock ended the week at $7.30.
This company’s name actually became a verb years ago when people referred to recording TV shows. TiVo Corp. (NASDAQ: TIVO) provides entertainment technology, software and services. It operates through two segments.
The Intellectual Property Licensing segment consists of International Patent Group patent licensing to third-party guide developers such as multichannel video service providers, consumer electronics and set-top box manufacturers and interactive television software and program guide providers in the online, over-the-top video and mobile phone businesses.
The Product segment covers licensing of company-developed IPG products and services provided for multichannel video service providers and consumer electronics manufacturers, in-guide advertising revenue, analytics revenue and revenue from licensing metadata.
TiVo investors receive a very solid 4.25% dividend. B. Riley FBR has a massive $19 price target, but the consensus target is even higher at $22.00. The shares closed on Friday at $8.16 apiece.
This is a green energy play aggressive accounts may want to study. Vivint Solar Inc. (NYSE: VSLR) finances, installs and services solar power systems on customer premises. The majority of the company’s installations are leased from Vivint by its customers.
The company posted solid second-quarter results, including installing 66 megawatts, which was above the high end of its guidance. That represents 19% growth over the second quarter last year, and management said it does not expect the momentum to slow down.
The company recently entered into a $325 million credit facility that replaces its existing aggregation facility and reduces the cost of debt by 87.5 basis points and significantly increases the amount of upfront proceeds on a per-system basis.
Keycorp has put a $12 price target on the shares, which compares with the posted consensus target of $11.57. The stock closed most recently at $7.90 a share.
These are five stocks for aggressive accounts looking to get share count leverage on companies with sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage on them. Note though that while markets have retreated somewhat from all-time highs, value stocks still come with some risks.