This off-the-radar idea has been on a solid roll and could hop into double digits soon. Costamare Inc. (NYSE: CMRE) is one of the world’s leading owners and providers of containerships for charter.
The company has 46 years of history in the international shipping industry and a fleet of 72 containerships, with a total capacity of approximately 529,000 twenty-foot equivalent units, including two newbuild container ships currently under construction. Ten of the company’s containerships have been acquired pursuant to the Framework Deed with York Capital Management by vessel-owning joint venture entities in which Costamere holds a minority equity interest.
Investors receive a 4.71% dividend. Stifel recently lifted the price target to $11 from $9.50. The consensus target is $10, and the stock has been trading near $8.50.
Magnolia Oil and Gas
This smaller cap company has been on a wild ride this past year and looks poised to move higher. Magnolia Oil and Gas Corp. (NYSE: MGY) engages in the business of acquisition, development, exploration and production of oil, natural gas and natural gas liquids (NGLs) reserves in the United States.
The company has oil and natural gas properties located primarily in Karnes County and the Giddings Field in South Texas, primarily comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2019, its assets consisted of a total leasehold position of 455,964 net acres, including 16,841 net acres with 200 net producing wells in the Karnes County portion of the Eagle Ford Shale, and 439,123 net acres with 846 net producing wells in the Giddings Field of the Austin Chalk.
The Goldman Sachs price target recently was raised to $11 from $9, while the consensus target is $7.86. The shares have seen a nice move higher recently and were trading just under $9.
This stock was hit hard last year but has been slowly coming back and offers a great entry point for investors. Redwood Trust Inc. (NYSE: RWT) engages in the business of investing in mortgages and other real estate-related assets. It operates through the following segments.