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Top 7 Energy Stocks to Own for 2017
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Loading...Energy stocks have rebounded well off their lows as oil prices have recovered, but with investment strategists expecting higher oil prices in the years to come, energy stocks should continue to rebound.
Credit Suisse has put together a list of 140 "top ideas" covered by its analysts, using several parameters to weed out weaker companies and pick only the best ideas.
Here are the top seven suggestions from Credit Suisse analysts :
1. Name: Nextera Energy Partners
Market Cap: $1.76 billion
Recent Price: $32.55
Price Target: $40
Market Cap: $1.76 billion
Recent Price: $32.55
Price Target: $40
"The company has the lowest risk and longest duration growth outlook, which makes it best positioned among peers given a more uncertain U.S. renewable policy outlook and rising interest rates
2. Name: Tesoro
Market Cap: $9.3 billion
Recent Price: $80.04
Price Target: $110
Market Cap: $9.3 billion
Recent Price: $80.04
Price Target: $110
"TSO has been assertively improving its refining business, diversifying/adding to logistics, looking to grow retail, and have now offered to acquire WNR in an all-stock deal," Westlake wrote. "Management expects the acquisition to be accretive to EPS by ~10-13%."
3. Name: EQT Midstream Partners LP
Market Cap: $6.2 billion
Recent Price: $76.51
Price Target: $110
Market Cap: $6.2 billion
Recent Price: $76.51
Price Target: $110
"Primarily levered to infrastructure growth in the Marcellus shale play with long term, fee based contracts."
4. Name: Pioneer Natural Resources
Market Cap: $31.4 billion
Recent Price: $185.78
Price Target: $221
Market Cap: $31.4 billion
Recent Price: $185.78
Price Target: $221
"PXD impressively laid out an operational goal baking in a 15%-plus total production CAGR through 2026, which implies 1 MMboe/d of production by 2026."
5. Halliburton
Name: Halliburton
Market Cap: $42.9 billion
Recent Price: $49.36
Price Target: $60
Market Cap: $42.9 billion
Recent Price: $49.36
Price Target: $60
"Despite a somewhat disappointing Q4, HAL is the best-positioned large-cap stock to take advantage of the multi-year recovery."
6. Name: Golar LNG
Market Cap: $2.8 billion
Recent Price: $27.89
Price Target: $30
Market Cap: $2.8 billion
Recent Price: $27.89
Price Target: $30
"GLNG has recently engaged in two partnerships, one with Schlumberger and another with Stonepeak, which should provide the capital and backing to allow the company to pursue its ambitions."
7. Name: Energen Corporation
Market Cap: $5.3 billion
Recent Price: $54.55
Price Target: $78
Market Cap: $5.3 billion
Recent Price: $54.55
Price Target: $78
"Energen Corp. (EGN) is an oil and gas exploration and production company with headquarters in Birmingham, Alabama."
Source The Street
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