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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,915.07 -70.54 -0.42%
S&P 500 1,964.68 -8.15 -0.41%
NASDAQ 4,396.2040 -22.83 -0.52%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs