| Stock | Price | 52 Week Range | Marketcap | EPS | Dividend Yield | Chart (24H) | Sector | Employees | Last Updated |
|---|---|---|---|---|---|---|---|---|---|
| $237.54 | 253.31B | 6.34 | 0.61% | Industrials | 125,000 | 12 seconds ago | |||
| $20.80 | 7.51B | 2.79 | 4.88% | Energy | 2,271 | 6 seconds ago | |||
| $197.71 | 3.51B | 17.18 | 0.00% | Energy | 226 | 12 seconds ago | |||
| $33.19 | 4.80B | 1.98 | 0.00% | Energy | 470 | 3 seconds ago | |||
| $31.46 | 68.23B | 2.67 | 6.79% | Energy | 0 | 7 seconds ago |
When T. Boone Pickens speaks, the energy sector listens. Pickens, a savant in the oil and gas industry, has left a lasting impact through his ingenious market plays and formidable influence. For those among us who trust independent and successful experts over mainstream advice, his endorsement of an investment speaks volumes. Today, we dive into the energy stocks that currently have the Pickens stamp of approval. This is not just a rundown of stocks; it’s an exciting investment opportunity vetted by one of the best in the business. These chosen stocks have been significant recent additions to BP Capital’s portfolio, making them potential high-return investments worthy of serious consideration.
Editor's Note: Analysis and insight for this article were originally sourced from our friends at InvestorPlace
General Electric (GE): Dominating Oil Services!
General Electric may conjure images of a classic industrial giant, but it’s also a rising star in the oil services industry. Over the past decade, GE has dramatically expanded its oil and gas division, investing over $15 billion.
Revenue Growth: GE Oil & Gas posted a stunning 16% year-over-year revenue increase in 2012, indicating solid growth that intrigues investors. This robust performance hints at GE’s capacity to adapt and thrive in the evolving energy sector.
Strategic Acquisitions: The recent acquisition of Lufkin Industries, a company specializing in artificial lift and pump-jack manufacturing, is a calculated move to bolster GE’s oil and gas capabilities. This diversification is turning oil and gas into GE‘s third largest unit.
Global Energy Demand: An ever-increasing global energy demand positions GE favorably for future growth. With its industrial might backing its energy ambitions, GE stands poised to capture a substantial share of the market.
Pickens’ Investment: BP Capital’s addition of 10,000 GE shares signifies a vote of confidence in GE‘s strategic direction. The hedge fund’s endorsement indicates that GE, by doubling down on its manufacturing forte and shedding its problematic finance arm, could yield excellent returns.
Analyst Ratings for GE:
| Consensus Rating | Average Price Target | Current Price | Potential Gain | Number of Ratings |
|---|---|---|---|---|
| Strong Buy | $188.58 | $159.01 | 18.60% | 12 |
| Strong Buy | $187.29 | $159.01 | 17.79% | 14 |
| Buy | $161.64 | $159.01 | 27.42% | 26 |
Analysts’ Outlook Summary: Analysts have a highly favorable outlook for GE. The consensus rating is a strong buy, with several expecting substantial growth in the next year. The average price target ranges from $161.64 to $211.00, suggesting potential gains up to 32.70% from the current price.
Apache Corporation (APA): A Hidden Bargain in the Energy Market
Apache Corporation has long been a heavyweight in the U.S. oil and gas landscape.
Proven Reserves: With about 3 billion barrels of oil equivalent in proven reserves, Apache‘s asset base is undeniably solid. This enormous reserve base assures a steady stream of production and long-term potential.
Value Potential: Despite recent geopolitical upheavals, especially in Egypt, Apache’s overall production trajectory is on the rise. This presents a compelling value proposition for patient investors.
Competitive Valuation: Sporting a forward P/E ratio of 9, Apache is priced attractively compared to titans like Exxon Mobil. This relatively lower valuation hints at untapped potential, making it ripe for appreciation.
Pickens’ Investment: BP Capital’s acquisition of 120,000 shares underscores belief in Apache‘s ability to weather geopolitical storms and leverage its vast resource base for future gains.
Analyst Ratings for APA:
| Metric | Value |
|---|---|
| Consensus Rating | Hold |
| Average Price Target | $38.00 |
| Current Price | $28.60 |
| Potential Gain | 26.79% |
| Number of Ratings | 18 |
Summary of Analysts’ Outlook: Analysts maintain a hold rating for APA, reflecting a generally neutral stance on its future performance. The average price target of $38.00 suggests a potential gain of 26.79% from the current price of $28.60.
Gulfport Energy (GPOR): Big Gains from NGL & Shale!
Gulfport Energy’s focus on natural gas liquids (NGLs) and shale oil, particularly in Ohio’s Utica Shale, has set it apart.
Successful Drilling: Gulfport’s mighty success in Ohio is evidenced by the fact that 93% of its production comes from NGLs and shale oil. This drilling success bolsters Gulfport‘s reputation for innovative and effective operations.
Capex Focus: With nearly $500 million of its $580 million capital expenditure budget aimed at developing its Ohio acreage, Gulfport showcases a relentless dedication to growth and expansion.
Potential Acquisition Target: A relatively small market cap combined with impressive operations makes Gulfport an enticing buyout candidate for larger energy firms eager to gain a foothold in the NGL market.
Pickens’ Investment: BP Capital’s addition of 125,000 shares is a strong endorsement of Gulfport’s profitability and strategic importance in the NGL market, signaling potential lucrative returns.
Analyst Ratings for GPOR:
| Consensus Rating | Average Price Target | Current Price | Potential Gain | Number of Ratings |
|---|---|---|---|---|
| Strong Buy | $196.00 | $157.63 | 23.15% | 4 |
| Strong Buy | $185.17 | $157.63 | 17.50% | 6 |
| Strong Buy | $170.33 | $157.63 | 11.77% | 3 |
Summary of Analysts’ Outlook: Analysts are very optimistic about Gulfport Energy, rating it as a strong buy. The average price target is $196.00, which indicates a potential gain of up to 23.15% from the current price of $157.63.
CONSOL Energy (CNX): Pickens’ Hedge Against Market Volatility
CONSOL Energy thrives on its diversified portfolio, which includes both coal and natural gas production.
Energy Diversification: Operating in both the coal and natural gas sectors, CONSOL benefits from being versatile. Its reach extends to thermal and metallurgical coal and natural gas from prolific areas like the Marcellus and Utica shales.
Cost Efficiency: CONSOL is lauded for its operational efficiency, maintaining cost-effective measures that cushion against market volatility. This gives it a resilient edge in fluctuating markets.
Strategic Expansion: BP Capital’s 213% increase in holdings is a bet on CONSOL’s strategic advantages. Despite prevailing anti-coal sentiments, the hedge fund’s substantial investment suggests that CONSOL‘s diverse portfolio has strong future potential.
Pickens’ Investment: Significant expansions in BP Capital’s holdings indicate a robust belief in CONSOL‘s inherent value and growth prospects despite current market trepidations.
Analyst Ratings for CNX:
| Analyst Source | Consensus Rating | Average Price Target | Current Price | Potential Gain | Number of Ratings |
|---|---|---|---|---|---|
| TipRanks | Hold | $25.50 | $25.81 | -1.58% | 4 |
| WSJ | Hold | $23.25 | $20.84 | 13.49% | 8 |
Summary of Analysts’ Outlook: The consensus rating for CNX is hold, indicating that analysts are cautiously optimistic. The average price target of $25.50 slightly trails the current price, suggesting minimal downside risk.
Enterprise Products Partners LP (EPD): Capturing Massive Profits from Energy Transport
Enterprise Products Partners stands as a behemoth in pipeline and energy logistics, playing a crucial role in moving America’s energy bounty.
Pipeline and Logistics King: EPD’s widespread infrastructure ensures it remains indispensable in transporting increased oil and gas production, particularly from booming regions like the Bakken.
Growth in Barge Operations: With a $25 million investment in its barge fleet, EPD is preparing for higher traffic born out of pipeline inadequacies. This strategic expansion opens up new profits from burgeoning crude-by-barge operations.
Pickens’ Investment: A new 4,000-share position initiated by BP Capital underscores confidence in EPD’s capabilities and growth potential in logistics and transportation, marking it as a promising stock worth watching.
Analyst Ratings for EPD:
| Source | Consensus Rating | Average Price Target | Current Price | Potential Gain | Number of Ratings |
|---|---|---|---|---|---|
| TipRanks | Buy | $32.90 | $29.40 | 11.90% | 11 |
| Zacks | – | $33.53 | $29.83 | 11.03% | – |
| Yahoo | – | – | $29.18 | – | – |
| MarketWatch | – | $33.53 | $29.29 | 13.50% | – |
Analysts’ Outlook Summary: The outlook for EPD is generally optimistic. Analysts from TipRanks have given it 12 Buy ratings and 4 Hold ratings with an average price target of $32