BOSTON ( TheStreet) -- The Credit Suisse Focus List has outperformed the S&P 500 Index in each of the past five years. The list currently has 19 stocks, expected to rise between 5% and 52%. They represent the bank's favorite equity investments. The following five offer the most upside. Below, the stocks are ordered by potential return, from plenty to most.
5. Petrohawk Energy (HK - Get Report) is an oil-and-gas exploration and production company, with a focus on domestic shale plays. Its stock has appreciated 37% in 2011, outperforming indices. This week, Citigroup boosted its target on the stock from $20 to $24, impressed by first-quarter earnings. Petrohawk's adjusted profit dropped 15% to 15 cents, but exceeded the consensus forecast by 10%. Sales rose 19%, surprising by 7.3% and boosting outlook.
PetroHawk is increasingly a natural-gas focused company and its recent move into the Permian basin will boost production going forward. Credit Suisse recently boosted its price target from $33 to $35, suggesting that Petrohawk has an attractive 40% of upside. The Permian move led Credit Suisse to boost its 2011, 2012 and 2013 earnings estimates by 62%, 48% and 33%, respectively. The stock receives "buy" ratings from 63% of analysts in coverage.