This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Goldman's 5 Best Energy Stocks for 2011

Apache (APA - Get Report) gets a $133 price target, worth an 11% premium from Goldman Sachs. The company is one of the largest U.S.-based independent explorers and producers of natural gas, crude oil and natural gas liquids.

Apache gets about 25% of its production and cash flow from its operations in Egypt, and although there have been no production disruptions so far due to that country's current political unrest, there is a potential.

After a few years of relative inactivity on the acquisition front, Apache recently announced three sizable deals -- a $4 billion merger with Mariner Energy and $8 billion in combined asset purchases from BP (BP) and Devon Energy (DVN) -- and "that should provide near-term exploitation opportunities as well as longer-term exploration potential and help the firm increase production and reserves throughout our forecast period," said a Morningstar research note.

For fiscal 2010, analysts estimate that Apache will earn $9.25 per share, and that will expand by 20% to $11.10 in fiscal 2011.

S&P analysts' poll resulted in nine "buy" ratings, 10 "buy/holds," eight "holds" and one "sell."

Capital Research Global and State Street each own about 4% of outstanding shares.

Its shares are down 2% this year, including a decline of 6% in the past week. They gained 16% in 2010.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
PXP $0.00 0.00%
APA $60.63 0.50%
CNQ $30.97 0.85%
ESV $21.34 1.28%
GS $192.23 2.27%

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs