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

7 Natural Gas Stocks to Watch

4. Copano Energy (CPNO) provides midstream services to natural gas producers, including natural gas gathering, compression, dehydration, treating, marketing, transportation, processing, conditioning and fractionation services. The company's operations are spread across Texas, Oklahoma, and the Rocky Mountains.

Of the nine analysts covering the stock, two recommend buying and the rest rate a hold. There are no sell ratings on the stock. Its average 12-month price target is $36.43, which is 18.8% higher than the current price, as per a Bloomberg consensus.

For the second quarter of 2011, the company reported 50.4% increase in total revenue to $346.0 million from $230.0 million in the year-ago period. Net loss attributable to common units narrowed to $17.4 million, or 26 cents per share, from $21.1 million, or 32 cents per share, in the second quarter of 2010. Distributable cash flow for the quarter amounted to $37.6 million, up 12% year-over-year. The second quarter distributable cash flow represents 97% coverage of the second quarter distribution of 57.5 cents per unit.

During the quarter, the company produced natural gas liquids of 26,913 Bbls/d at its Texas operations, compared to 18,382 Bbls/d in the year-ago quarter. At the Oklahoma operations, CPNO produced NGLs of 17,331 Bbls/d, vs. 16,653 Bbls/d. About 93% of the total capital expenditure of $74.9 million was allocated for expansion and capital expenditure.

According to industry sources, Copano Energy is investing significant amounts in the Eagle Ford shale for a small Master Limited Partnership. Along with other companies, CPNO is investing in and around the shale plays with most of the investment directed for developing infrastructure like building pipeline, fractionation and processing facilities around the Eagle Ford shale in south Texas.
4 of 7

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
APL $0.00 0.00%
XTXI $0.00 0.00%
MWE $0.00 0.00%
DPM $35.23 0.00%
ETP $35.35 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs