This Day On The Street
Continue to site
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


Plains Exploration & Production (PXP) earned a $36 price target worth a 13% premium at the time of Goldman Sachs' rating. The independent oil and gas company, with a market value of $4.6 billion, is engaged in acquiring, exploring and producing oil and gas fields predominantly in California, but also in Texas, Louisiana and the Gulf of Mexico.

Fourth-quarter earnings are due Feb. 24, and are estimated at 31 cents per share, which would bring 2010 earnings to $1.18 per share. For fiscal 2011, analysts estimate that earnings per share will increase 52% to $1.79.

Morningstar says the company is on a diversity kick and acquiring assets throughout the world.

"Not only has the firm managed to increase production more than 50% during this time, but it has also accumulated many other growth opportunities. All the while, the company has been able to improve its cost structure."

Its largest investors are SAC Capital Management, at 6.6%, followed by Soros Fund Management, at 4.8%.

A summary of analysts' views collected by S&P resulted in four "buy" ratings, nine "buy/holds" and five "holds."

Its shares are up 5.4% this year and rose 16% in 2010.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
6 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!
PXP $0.00 0.00%
APA $66.80 0.12%
CNQ $33.41 -0.39%
ESV $24.29 0.58%
GS $197.36 0.43%


DOW 18,110.14 +72.17 0.40%
S&P 500 2,114.76 +5.84 0.28%
NASDAQ 5,055.4220 -4.8240 -0.10%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs