Wall Street Says These Are The Best Fracking Stocks To Buy Now!

| March 9, 2015 | 0 Comments

Analyst ActionThe Best Fracking Stocks To Buy Right Now!

It’s time for another look at compelling analyst upgrades and downgrades.

In case you’re unaware, analysts at the biggest banks and investment firms on Wall Street provide research on a multitude of natural resource companies.  It’s not always the case, but most times a notable bullish change in a respected analyst’s outlook can have a significant influence on a company’s share price.

Of course, their ratings changes aren’t always positive…

When an analyst applies a big downgrade, shares can lose ground quickly.

After all, it’s not a great idea to be fully invested in a company that’s falling out of favor with Wall Street.  At the very least, a downgrade can slow buying activity, which opens the door to lower prices.

Either way, it’s important to keep an eye on the analyst activity.  Doing so can give you a substantial leg up on the market.

The Best Fracking Stocks To Buy According To Wall Street… 

Gran Tierra Energy (GTE)-   The Canadian based oil and gas producer, with operations in Colombia, Brazil, and Peru, had a $4.50 price target set by Canaccord Genuity last week.  The firm originally moved GTE from “hold” to “ buy” in mid-January.  With shares trading at the $2.60 area last Friday, the price target represents 67% upside profit potential.

Penn Virginia (PVA)-  After reporting heavy Q4 losses, this Eagle Ford shale oil explorer announced it is putting itself up for sale.  Following the bullish news, analysts at Imperial Capital moved PVA to “buy” with a $9 price target- a 30% premium to current prices.

Superior Energy Services (SPN)-  Analysts at Global Hunter Securities upgraded the oil services provider from “accumulate” to “buy” with a $29 price target.  What’s more, Deutsche Bank reiterated their “buy” rating a $27 price target.  These targets are at least a 20% premium to current prices.

Seadrill Partners (SDRL)-  Shares of this offshore oil explorer have been destroyed over the past nine months.  But analysts at Oppenheimer believe the worst is over and SDRL is too cheap to ignore.  The firm put a “buy” rating on the company in late January and set their price target at $19 last week.  With shares trading at the $11 area last Friday, Oppenheimer’s target is a 72% premium to current prices.

Valero Energy Partners LP (VLP)-  The oil pipeline and storage operator received multiple upgrades last week.  JP Morgan Chase, Barclays, and RBC Capital boosted their price targets to $63 while Evercore Partners initiated VLP at a “buy”.

Carrizo Oil & Gas (CRZO)-   The multi-basin US fracker was upgraded from “sector perform” to “sector outperform”  with a $68 price target at Scotia Howard Weil.  With CRZO trading in the $48 range last Friday, this target represents 41% upside profit potential.

There you have it…

What you see above are the most captivating, and potentially profitable, ratings changes I came across over the past week.  Shares prices may already be reacting to the ratings and price target adjustments.

Now remember…

Just because Wall Street analysts believe the companies above are the best oil stocks to buy right now, doesn’t mean you dump all your money into them.

Do your own due diligence and always use correct position sizing and risk control measures in your trades. 

Until Next Time,

Justin Bennett

BIO:  Justin Bennett is the head commodity research analyst at Commoditytradingresearch.com.  With over a decade of real world trading experience, he finds ways for you to consistently profit from movements in commodities and the companies producing them.  Sign up for our free reports and commodity newsletter at https://commoditytradingresearch.com/free-sign-up.

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Category: Natural Resource Stocks

About the Author ()

Justin Bennett is the editor of Commodity ETF Alert, an investment advisory focused on profiting from the ebb and flow of important commodities via ETFs. The commodity veteran and options specialist is also a regular contributor to the Dynamic Wealth Report. Every week, Justin shares his thoughts with our readers on a variety of commodity-related topics. Justin is also a frequent contributor to Commodity Trading Research’s free daily e-letter. And he’s the editor of another highly successful and popular investment advisory, the Options Profit Pipeline.