| Stock | Price | 52 Week Range | Marketcap | EPS | Dividend Yield | Chart (24H) | Sector | Employees | Last Updated |
|---|---|---|---|---|---|---|---|---|---|
| $265.93 | 282.00B | 7.02 | 0.54% | Industrials | 53,000 | 16 hours ago | |||
| $20.24 | 7.24B | 2.89 | 4.94% | Energy | 2,305 | 16 hours ago | |||
| $163.80 | 2.88B | 6.80 | 0.00% | Energy | 235 | 16 hours ago | |||
| $28.24 | 3.99B | 0.84 | 0.00% | Energy | 458 | 16 hours ago | |||
| $31.41 | 68.01B | 2.67 | 6.94% | Energy | 0 | 16 hours ago |
T. Boone Pickens, the legendary oil and gas executive behind BP Capital, has unveiled his latest investment stances as of the end of March 2013 through the firm’s 13-F filing. For those unfamiliar, Pickens is a towering figure in the energy sector, having transformed a modest investment into a $5 billion fortune. That success allowed Pickens to amass a personal fortune estimated at $1.2 billion, making him one of the leading—and outspoken—authorities on global energy markets. When Pickens makes a move, shrewd investors take notice. This update from BP Capital offers crucial insights into where he sees emerging opportunities and invaluable hints for anyone aiming to achieve financial independence through savvy investment choices.
Investment Highlights
Editor's Note: Analysis and insight for this article were originally sourced from our friends at InvestorPlace
General Electric (GE): Reshaping the Future of Energy with Incredible Gains!
This isn’t your grandfather’s General Electric. The major industrial manufacturer is swiftly becoming a key player in the oil services industry. Over the past decade, GE has invested more than $15 billion to expand its footprint in oil and gas, going from “almost nothing” to a significant force. The firm manufactures a host of equipment required to produce energy, from subsea trees to pumps, and GE’s oil and gas unit posted a 16% year-over-year revenue jump in 2012.
Pickens’ move to acquire a 10,000-share stake in GE signals his confidence in the company’s future. GE’s continued efforts to add to its arsenal—such as the buyout of Lufkin Industries, a manufacturer of artificial lifts and pump-jacks—solidify its position. As GE continues to divest its problematic finance arm and refocus on its core industrial manufacturing strengths, it’s positioning itself well for the future. Given the escalating global energy demand, GE could be hitting a sweet spot, and investors stand to benefit handsomely from this industrial giant refocusing on “building things”.
Analyst Ratings Overview:
| Consensus Rating | Average Price Target | Current Price | Potential Gain | Number of Ratings |
|---|---|---|---|---|
| Strong Buy | $186.36 | $160.5 | 16.11% | 15 |
Consensus Rating: GE Aerospace has a consensus rating of Strong Buy.
Price Target: The average price target is $186.36, indicating potential gains of 16.11%.
Current Price: The current price is $160.5.
Potential Gain: The potential gain based on the average price target is 16.11%.
Number of Ratings: This is based on 15 analyst ratings.
Apache Corporation (APA): Undervalued Gem with Over 30% Growth Potential
Apache Corporation stands tall as one of the largest independent oil and gas firms in the United States, boasting reserves of about 3 billion barrels of oil equivalent and a market cap of just over $32 billion. Despite facing recent troubles, particularly in Egypt—where about 10% of its reserves and 20% of its production are located—the company’s production metrics continue to impress.
Pickens’ 120,000-share addition to BP Capital’s portfolio underscores a belief in the company’s long-term value, particularly in exploiting new and unconventional resources. Apache’s shares are trading at a forward P/E of just 9, offering a significant upside compared to larger peers like Exxon Mobil, which trade at higher valuations. For investors, this means Apache’s current undervaluation provides a prime opportunity to gain exposure to a company poised for future growth and stability despite geopolitical complexities.
Analyst Ratings Overview:
| Source | Consensus Rating | Average Price Target | Current Price | Potential Gain | Number of Ratings |
|---|---|---|---|---|---|
| Zacks | Hold | $39.64 | N/A | N/A | N/A |
| MarketWatch | Hold | $39.37 | $29.00 | 33.40% | 31 |
| Yahoo Finance | Hold | $39.81 | $29.44 | 34.12% | 30 |
| TipRanks | Hold | $37.41 | $29.44 | 27.07% | 18 |
Consensus Rating: APA Corporation has a consensus rating of “Hold” across various sources.
Price Targets: Analysts are projecting a wide range for the stock price, from a low of $27.00 to a high of $57.00.
Growth Potential: The potential gain based on analysts’ average price targets ranges from 27.07% to 34.12%.
Gulfport Energy (GPOR): Thriving while Others Falter—Almost 28% Upside
Gulfport Energy has carved out a notable niche in Ohio’s Utica Shale play, thriving where several other firms have struggled. With its production focusing chiefly on natural gas liquids (NGLs) and shale oil, Gulfport has cemented itself as a key player as other companies withdraw from the region. Significant investments in the Utica only enhance its position as a frontrunner.
Pickens has taken a bold stance on Gulfport, acquiring 125,000 shares. This move reflects his bet on the company’s continued exceptional performance and possibly becoming a buyout target in the future. Gulfport provides a compelling example of high-reward investing—the type that savvy, risk-tolerant investors in search of lucrative returns should certainly consider.
Analyst Ratings Overview:
| Analyst Ratings | Average Price Target | Current Price | Potential Gain | Number of Ratings |
|---|---|---|---|---|
| Moderate Buy | $194.00 | $151.85 | 27.76% | 5 |
Consensus Rating: Analysts overwhelmingly recommend Gulfport Energy (GPOR) stock with a consensus rating of Moderate Buy based on 3 buy ratings, 2 hold ratings, and 0 sell ratings.
Earnings Forecast: The estimated EPS for the next quarter is $3.60, with a range of $2.16 to $5.98. GPOR beats its EPS estimates 75% of the time in the past 12 months.
Sales Forecast: The next quarter’s sales forecast is $266.20M with a range of $183.00M to $298.00M.
Stock Performance: GPOR has outperformed its industry in earnings but underperformed in sales performance in the last calendar year.
Price Target: The average price target for GPOR is $194.00, with a potential increase of 27.76% from the current price of $151.85.
CONSOL Energy (CNX): The T. Boone Pickens Favorite Defying Market Trends
In a volatile energy landscape, CONSOL Energy manages to stay resilient through its dual focus on coal and natural gas. Despite the broader market sentiment often being against coal stocks, CONSOL’s efficient and cost-effective operations make it an outlier.
Pickens increased his position in CONSOL by 213%, which highlights the company’s resilience and potential for growth. As the energy debate continues to evolve, CONSOL’s diversified production capabilities make it a solid bet for filling the future energy gap. Investors looking for stability in a turbulent sector might find CONSOL an attractive option.
Analyst Ratings Overview:
| Consensus Rating | Average Price Target | Current Price | Potential Gain (Upside) | Number of Ratings |
|---|---|---|---|---|
| Hold | $21.91 | $21.17 | 3.49% | 12 |
Consensus Rating: Analysts generally have a HOLD consensus rating for CNX Resources Corporation, indicating a neutral outlook.
Price Target: The average price target is around $21.91, higher than the current price of $21.17, representing an upside potential of 3.49%.
Enterprise Products Partners LP (EPD): Dominating Energy Logistics with Innovation
Enterprise Products has built a reputation as a leader in pipeline and energy logistics. The firm is not just resting on its laurels; it’s crucially innovating with crude-by-barge operations. By addressing the infrastructure gaps in regions like the Bakken, Enterprise Products is positioning itself for considerable growth.
Pickens’ newest position in EPD, comprising 4,000 shares, shows a clear vote of confidence in the firm’s strategic direction. EPD’s innovative approaches to energy distribution logistics are vital for maintaining energy flow and maximizing profitability. For investors, this means future rewards could be substantial, tying into Pickens’ broader strategic focus on logistics-driven energy growth.
Analyst Ratings Overview:
| Source | Consensus Rating | Average Price Target | Current Price | Potential Gain | Number of Ratings |
|---|---|---|---|---|---|
| Zacks | Strong Buy | $31.50 | $29.13 | 13.49% | No Data |
| Nasdaq | – | $34.25 | – | 15.11% | No Data |
| WSJ | Strong Buy | $34.25 | – | 15.11% | No Data |
| Yahoo Finance | – | $33.36 | $29.01 | 13.75% | 12 |
| TipRanks | Strong Buy | $33.36 | – | 15.11% | 12 |
Consensus Rating: Analysts have a positive view of Enterprise Products Partners (EPD). The consensus rating is Strong Buy across most sources.
Price Target: The average price target ranges between $31.50 to $34.25, indicating an increase of 13.49% to 15.11% from the current price.
Detailed Analysis
BP Capital’s latest stock additions reveal comprehensive insights into T. Boone Pickens’ strategies and the broader energy market’s evolving dynamics. General Electric’s return to its industrial roots, Apache’s intrinsic undervaluation, Gulfport’s high-potential NGL production, CONSOL’s robust, diversified energy focus, and Enterprise Product’s innovative logistics all align with the high-reward, high-risk investment approach eagerly pursued by many of our readers. Following Pickens’s lead could empower investors to make informed, strategic decisions grounded in the sophisticated, contrarian approach that promises both financial independence and high returns.