Oil prices reached their highest level in nearly a year earlier this week. For investors looking to play this trend, here are some energy stocks with the greatest long-term upside potential. Energy is the only winning sector in the S & P 500 this month, raking in gains of about 2.6%. The sector has added 0.5% this week alone as oil prices rallied from news of extended voluntary oil supply cuts from Saudi Arabia and Russia until the end of this year.
Pro used FactSet data to search for energy companies in the S & P 500 that not only stand to benefit from a jump in oil prices, but that are also loved by analysts. We screened for stocks that are buy rated by more than 60% of the analysts who cover them and that are expected to have upward of 10% upside over the next 12 months based on analysts' consensus price target.
Pro screen . Halliburton was the second-most loved stock to Targa, with 80% of analysts rating the oilfield services giant a buy. Of the list, the stock is this year's biggest winner so far this quarter — with gains of more than 24%. Oil and natural gas company Diamondback Energy is another name on the list. About 77% of analysts rating the stock a buy, with their average price target implying more than 11% upside. Shares have popped about 18% this quarter.
's Michael Bloom contributed to this story.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
Herkunft: AP - 🏆 728. / 51 Weiterlesen »