Two Sweet 16 in Zacks Top Energy Sector Picks
Posted: Mon Jun 25, 2018 8:31 am
Zacks Top Picks on June 25, 2018
Strong international demand for crude oil, tight global oil inventories and stabilization of oil production level will boost oil price rally in the near term. Consequently it will be a prudent move to invest in good energy stocks. However, picking winning stocks can be a difficult task.
This is where our VGM Score comes in Handy. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select the winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM Score. We have narrowed down our search to the following stocks, each of which has a Zacks Rank #1 (Strong Buy):
Continental Resources Inc. CLR is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. It has expected earnings growth of 527.5% for the current year. The Zacks Consensus Estimate for the current year has improved by 6.3% over the last 30 days.
Parsley Energy Inc. PE is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. It has expected earnings growth of 146.4% for the current year. The Zacks Consensus Estimate for the current year has improved by 6.9% over the last 30 days.
Whiting Petroleum Corp. WLL is an independent oil and gas company that acquires, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States. It has expected earnings growth of 317.6% for the current year. The Zacks Consensus Estimate for the current year has improved by 1.4% over the last 30 days.
WildHorse Resource Development Corp. WRD is an oil and natural gas company. The company’s properties primarily consist of Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in North Louisiana. It has expected earnings growth of 334.9% for the current year. The Zacks Consensus Estimate for the current year has improved by 6.3% over the last 30 days.
Anadarko Petroleum Corp. APC is one of the world's largest independent oil and gas exploration and production companies. Majority of the company's total proved reserves are located in the United States. It has expected earnings growth of 251% for the current year. The Zacks Consensus Estimate for the current year has improved by 7.2% over the last 30 days.
Strong international demand for crude oil, tight global oil inventories and stabilization of oil production level will boost oil price rally in the near term. Consequently it will be a prudent move to invest in good energy stocks. However, picking winning stocks can be a difficult task.
This is where our VGM Score comes in Handy. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select the winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM Score. We have narrowed down our search to the following stocks, each of which has a Zacks Rank #1 (Strong Buy):
Continental Resources Inc. CLR is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. It has expected earnings growth of 527.5% for the current year. The Zacks Consensus Estimate for the current year has improved by 6.3% over the last 30 days.
Parsley Energy Inc. PE is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. It has expected earnings growth of 146.4% for the current year. The Zacks Consensus Estimate for the current year has improved by 6.9% over the last 30 days.
Whiting Petroleum Corp. WLL is an independent oil and gas company that acquires, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States. It has expected earnings growth of 317.6% for the current year. The Zacks Consensus Estimate for the current year has improved by 1.4% over the last 30 days.
WildHorse Resource Development Corp. WRD is an oil and natural gas company. The company’s properties primarily consist of Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in North Louisiana. It has expected earnings growth of 334.9% for the current year. The Zacks Consensus Estimate for the current year has improved by 6.3% over the last 30 days.
Anadarko Petroleum Corp. APC is one of the world's largest independent oil and gas exploration and production companies. Majority of the company's total proved reserves are located in the United States. It has expected earnings growth of 251% for the current year. The Zacks Consensus Estimate for the current year has improved by 7.2% over the last 30 days.