NEW YORK ( TheStreet) -- First Solar (FSLR - Get Report), BP (BP - Get Report), Sinopec (SNP - Get Report), Petroleo Brasileiro (PBR/A), Total (TOT), Eni SpA (E), InterOil (IOC), TransAtlantic Petroleum (TAT - Get Report), Transocean (RIG) and STR Holdings (STRI - Get Report) are energy stocks that could deliver up to 168% according to Bloomberg consensus estimates.
Slowing U.S. expansion, Japanese earthquake and monetary tightening in emerging economies like China and India have been able to put brakes on the commodity prices in the recent past. However, analysts are bullish on crude oil prices from here-on and have raised price forecast for the remainder of the current year. Goldman expects Brent crude to breakout out above $130 a barrel, while Morgan Stanley has raised its 2011 Brent target to $120 a barrel. At close Monday (July 18, 2011), Brent crude settled at $116.1 per barrel.
Below are 10 energy stocks that have 22%-168% upside potential, based on analysts' average 12-month price targets. These stocks are expected to deliver an average 50% return over the next one year.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts