|Bid||6.56 x 3100|
|Ask||6.63 x 1800|
|Day's Range||6.53 - 6.68|
|52 Week Range||4.43 - 7.55|
|Beta (5Y Monthly)||1.97|
|PE Ratio (TTM)||16.14|
|Earnings Date||Feb 23, 2020 - Feb 27, 2020|
|Forward Dividend & Yield||0.18 (2.75%)|
|Ex-Dividend Date||Nov 27, 2019|
|1y Target Est||8.77|
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
Core Labs (CLB) initiates a preliminary view for the first quarter of 2020 wherein it expects its quarterly revenues within $159-$164 million and earnings per share in the 39-41 cents range.
With this project, Williams (WMB) will aid almost 280,000 households with daily residential home heating, warm water and cooking needs, thus prompting customers to shift from heating oil to natural gas.
The Zacks Consensus Estimate for World Fuel's (INT) 2020 earnings is currently pegged at $2.92, which suggests year-over-year rise of almost 17.5%.
Murphy USA (MUSA) rides on its encouraging earnings surprise track with estimate beats in three of the preceding four quarters, the average positive surprise being 29.86%.
TC Energy's (TRP) $30-billion capital program will be partly funded by the divestiture of the Coastal GasLink pipeline. Also, the deal will help enhance its shareholder value.
Marathon Petroleum's (MPC) diversified portfolio of refining, retail and midstream operations bodes well. Further, this lowers its vulnerability to volatile commodity prices.
Compared to 2019 and, indeed, to the whole decade’s plentiful returns in the market, the energy sector hasn’t provided investors with much to shout about. The S&P 500’s 29% addition this year dwarfs the sector’s 8% increase.Apart from lacking the obvious “sexy” factor of the high-flying tech sector, the in-demand semiconductor companies or the innovative biotech industry, energy stocks have lagged behind due to macro trends such as low oil and natural gas prices. Climate change has played its part, too, as more socially conscious investors have shied away from oil and gas stocks.Against this backdrop, TipRanks, a company that tracks and measures the performance of analysts, identified 3 energy stocks with promising growth prospects. All have fared differently in 2019, but the analysts on the Street see major upside potential for all three. According to the platform’s Stock Comparison tool, all currently have a Strong Buy consensus rating. Kosmos Energy Ltd. (KOS)The execs at Kosmos Energy must have missed the memo about 2019 being a letdown for the industry. The upstream oil company has not only beaten the sector but also the broader market. Its share price is up by 36% year-to-date.It hasn’t all been smooth sailing, though. In December, one of Kosmos’ partners, Tullow Oil, suspended its dividend and lost both its CEO and COO following an announcement that it expects production for 2020 to come down from this year’s 87,000 barrels per day (bpd) to between 70,000 and 80,000 bpd. Additionally, 2021-2023 production is expected to be around 70,000 bpd.The news caused Kosmos’ share price to drop by over 14%. Why, then?Tullow’s worst performers are its Ghana assets, and Kosmos is a partner in the Jubilee field off the coast of Ghana. The fact that one of Kosmos’ partners is in disarray could impact the company’s cash flow and other offshore developments.Fortunately, Kosmos has other projects with more reliable offshore partners. As long as these projects keep moving ahead, Kosmos’ long-term fortunes won’t be tied to those of Tullow's.RBC’s Al Stanton notes the negative news has “painted Kosmos into a corner.” The 4-star analyst remains confident though, noting, “operator BP (a Kosmos partner) is pushing ahead with the Tortue gas development, and other projects offshore Mauritania and Senegal are expected to generate industry interest.”Therefore, Stanton maintained an Outperform rating on KOS, but lowered his price target from $8 to $7. Nevertheless, investors stand to pocket a handsome 26% gain should the target be met. (To watch Stanton’s track record, click here)The news hasn’t dampened the Street’s enthusiasm either. 5 Buy ratings from all 5 analysts tracked over the last three months amount to a Strong Buy consensus rating. At $8, the average price target presents upside potential of 45%. (See Kosmos stock analysis on TipRanks) Callon Petroleum Company (CPE)On the other side of the spectrum, we come across Callon Petroleum. The company operates in the Permian Basin and southeastern New Mexico, focusing solely on the drilling and selling of crude oil. Year-to-date, the energy company is down by 28%. This is a bad look for any company, but as any canny investor knows, beaten-down stocks can be the ones to watch.Earlier this week, the company closed the acquisition of Carrizo Oil & Gas. The merger gives Callon 58% ownership of the company and means it now collectively owns approximately 200,000 net acres in the Permian and Eagle Ford shale, and a further 900,000 in the Permian's Delaware Basin. Management expects the new merger to bring in over $300 million of free cash flow between 2020 and 2021.RBC’s Brad Heffern thinks “the post deal trading multiples and FCF yield screen well versus the peer group.” The analyst added, “We like the company's strong asset positions in the Permian and Eagle Ford Basins. Given the recent acquisition of CRZO, we think CPE has successfully transitioned from a Permian pure play growth story, to sustainable corporate return model with asset diversification, centered around sustainable growth and free cash flow generation.”Accordingly, Heffern reiterated an Outperform rating on Callon. The 4-star analyst’s price target is $8, indicating Heffern’s confidence in CPE’s ability to add 71% to its share price over the coming year. (To watch Heffern’s track record, click here)Does the rest of the Street think the beaten-down stock is ready to surge, too? Yes, it does. Callon’s Strong Buy consensus rating is formed of 7 Buys and 1 Hold. Though, not quite as enthusiastic as the RBC analyst’s take, the average price target of $6.56 still presents potential upside of 40%. (See Callon stock analysis on TipRanks) Vistra Energy Corporation (VST)Positioned performance wise somewhere between our previous stocks is Texas based Vistra Energy. While not in the red in 2019, the energy provider is actually lagging slightly behind the sector, adding 3% to its share price year-to-date.The company’s latest earnings report displayed strong third quarter results, among them adjusted EBITDA of $1.064 billion, beating the Street estimate of $1.045 billion, while also raising 2019 guidance to $3.32-$3.42 billion from $3.22-$3.42 billion. Additionally, the company provided 2020 guidance that was 20% higher than 2019’s guidance.Vistra has been busy on the acquisition side, too. Following the completion of its Crius Energy acquisition in July, the company finalized its purchase of Dallas based Ambit Energy for $475 million in November. The deal increases Vistra’s share of the ERCOT (the electric reliability council of Texas) residential market from 25% to approximately 32%.Evercore’s Greg Gordon believes Vistra’s “long-term outlook is compelling.” The 4-star analyst said, “VST has been consistent optimizing revenue outcomes through load shaping, portfolio optimization and hedging… VST could still be a positive earnings revision story as our forecast is conservative on a few fronts, especially if ERCOT remains tight as backward dated prices should improve. Given their capital discipline (returning capital to shareholders, strengthening the balance sheet), If they deliver stable cash flow through economic/commodity cycles, VST should command a higher valuation, in either the public or private market.”To this end, Gordon kept an Outperform rating on VST, alongside a price target of $32, implying an upward tick of 36% could be in store. (To watch Gordon’s track record, click here)The Street must be reading off the same hymn sheet as the Evercore analyst; No Holds or Sells, simply 5 unanimous Buy ratings bestow Strong Buy status on the energy provider. The average price target of $32.80, indicates handsome upside of 40%. (See Vistra price targets and analyst ratings on TipRanks)
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Failed drilling of the Resolution well and disappointing results from its partners' Ghana fields induce Kosmos' (KOS) share price fall, thereby hurting investor confidence.
An apparent improvement in the trade war and the OPEC+ agreement have boosted bullish sentiment in oil markets, with both Brent and WTI up on Tuesday morning
Before putting in our own effort and resources into finding a good investment, we can quickly utilize hedge fund expertise to give us a quick glimpse of whether that stock could make for a good addition to our portfolios. The odds are not exactly stacked in investors' favor when it comes to beating the market, […]
The U.S. crude benchmark finished sharply lower last week amid speculation that OPEC and its allies are deeply divided over Saudi Arabia's push for deeper production cuts.
Kosmos Energy (KOS) (KOS.L) announced today that it has completed drilling the Resolution exploration well (Kosmos 50%, BP 50%) in the U.S. Gulf of Mexico. Kosmos expects to spud the Oldfield prospect (Kosmos 40%, Hess 60%) in early December with results in the first quarter of 2020. In addition, Kosmos continues to high grade its multi-year infrastructure-led exploration prospect inventory in the Gulf of Mexico with a further three wells expected in 2020.
Buy low, sell high -- that's the mantra for making money in the stock market, right?And the first part of the process sounds simple enough: Find a cheap stock with a low price-to-earnings ratio, buy it -- then wait for it to rise in price.Problem is, some stocks are cheap for a reason. No matter how cheaply you buy them, there's no guarantee they'll go up. So how do you improve your chances of finding a winner?TipRanks uses a system called "smart score." Crunching data on Wall Street sentiment, buying activity by insiders and hedge funds, and other factors -- including, yes, low P/E -- TipRanks assigns each stock a smart score rating indicating a level of confidence that it will outperform the market, on an easy to understand scale of 1 to 10.Those stocks at the tippety top of the scale score a perfect 10 -- and over the last eight years they've outperformed the average S&P 500 stock by more than 70%.Here are three stocks meeting the criteria for "perfect 10" status today:Momo Inc. (MOMO)China's version of Tinder, Momo hasn't actually been showing a whole lot of momentum lately. In fact, up only 15% over the past year, Momo stock is actually slightly underperforming the S&P 500 as a whole.That may be okay for investors, though, if it means they get a chance to buy a piece of the world's biggest dating market at a bargain price -- and Momo's price tag sure does look like a bargain. Valued at just 22.8 times trailing earnings, the first "Perfect 10" on our list today sells for a slight discount to the market's average 23.1 P/E.Momo is likely to show nearly 23% growth in profits next year -- nearly three times faster than the average 8.3% growth that analysts are predicting for S&P stocks. Such a disconnect between price and growth prospects has Wall Street analysts feeling bullish on Momo stock.Morgan Stanley's Alex Poon recently noted, "Online dating is a global phenomenon and we think Momo is best positioned to benefit in China. With Tantan set to achieve profitability in China in 2020e and rising dividends, we see Momo's 4-year derating cycle reversing."Poon rates MOMO stock an Overweight (i.e. "buy") with a $45 price target, which implies about 23% upside from current levels. (To watch Poon's track record, click here)Indeed, every single analyst who's voiced an opinion on Momo over the past year says this stock is a "buy." On average, analysts who track Momo predict the stock will rise more than 18% from its current price to race past $43 per share within the next 12 months. And that definitely makes the stock a "strong buy." (See Momo stock analysis on TipRanks)Radian Group (RDN)Philadelphia-based mortgage services provider and private mortgage insurer Radian Group is our second stock up for consideration, and at a P/E ratio of just 8.5, there's no argument this one isn't cheap enough to justify a closer look.Indeed, Wall Street has been looking at Radian of late, and investors seem to like what they see. Over the past 12 months, Radian stock is up an impressive 40% -- even more than BJ's, and remains close to its 52-week high. It probably hasn't hurt that last quarter, Radian posted a 15% increase in its revenues -- and a 21.5% increase in its profits.What's more, with mortgage interest rates currently at 3.75% (for a 30-year fixed-rate mortgage), and more than one full percentage point below where rates were a year ago, there's still a big tailwind behind the housing market, which should be good news for Radian's business.Hedge funds are loading up on the stock, with firms such as Gotham Asset Management and Caxton Associates adding to their positions in the most recent quarter.Analyst Chris Gamaitoni of Compass Point is bullish on the stock, too, reiterating "buy" ratings on Radian shares, while raising the price target to $33.50 (from $33), which implies about 40% upside from current levels. Gamaitoni noted, "Radian produced a consistent quarter with not a lot of change in our forward estimates or outlook. We are modestly increasing our estimates because Radian lowered its initial default-to-claim rate faster and more meaningfully than we anticipated, as well as better expense guidance than previously modeled. This is somewhat offset by lower premium revenue as new vintages are skewing more high quality (lower premium, less capital, less losses) and lower investment income because of changes in interest rates since we last published. Our 2019E/2020E/2021E increases to $3.10/$3.13/$3.36 from $3.02/$3.12/$3.31."On average, the consensus on the Street is that Radian stock has room for another 15.4% of upside over the next year, during which time the stock should hit $29.50 a share. (See Radian stock analysis on TipRanks)Kosmos Energy (KOS)Last but not least, we come to Kosmos Energy, the Dallas-based deepwater oil and gas driller whose primary assets are in the Gulf of Mexico ... and off the West Coast of Africa. No huge mystery why there -- Kosmos found Ghana's biggest oil field off the coast of that country in 2007, and just two days ago, another company, "the Springfield Group," struck oil in two different locations off the Ghanaian coast. Priced at 18.5 times earnings, Kosmos shares are the most expensive of the three companies covered in today's list -- but still 20% cheaper than the average S&P 500 stock. And despite their higher valuation than our other candidates today, it's worth pointing out that Wall Street analysts are unanimous in their endorsement of the shares.Kosmos stock has been endorsed with "buy" ratings by all seven of the analysts who have voiced an opinion on the shares over the past year, including most recently Mark Wilson of Jefferies, who has a $9 price target on the stock. (To watch Wilson's track record, click here)Wilson noted, "The market gave a positive reaction to KOS CMD earlier this year on Tortue LNG selldown plans, "ILX" exploration strategy & ~$1bn FCF expectations to 2021. Greater Tortue value is now enhanced after three successful wells & increased gas in place to "top end of 50-100 Tcf range". ILX is successful in both Eq. Guinea & GoM. FCF is on track (despite lower production) & corporately, PE overhang is gone and US index inclusion likely ahead." The rest of the Street appears to echo Wilson's sentiment. As it has racked up 4 Buys and no Holds or Sells, the consensus is unanimous: KOS is a Strong Buy. Adding to the good news, the upside potential lands at 34% based on the $9.63 average price target.To find good ideas for stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Andy Inglis has been the CEO of Kosmos Energy Ltd. (NYSE:KOS) since 2014. First, this article will compare CEO...