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

2. Crosstex Energy (XTXI), operating through its subsidiaries, engages in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs). Through its wholly owned subsidiaries, the company owns 25% interest in Crosstex Energy, L.P. (Partnership), an independent midstream energy company.

Of the four analysts covering the stock, 25% recommend buying and 50% rate a hold. The stock's average 12-month price target is $18.00, which is 29.8% higher than the current price, as per a Bloomberg consensus.

For the second quarter of 2011, Crosstex Energy reported midstream revenue of $496.1 million, up12.2% from the prior-year quarter. Net income attributable to the company stood at $1.7 million, vs. net loss of $2.5 million in the second quarter of 2010. Net loss per diluted share narrowed to 5 cents from 8 cents in the year-ago period. Distributable cash flow for the quarter increased to $32.9 million from $22.8 million in the second quarter of 2010.

Total gathering and transmission volumes for the second quarter 2011 in the pipeline throughput segment increased to 2.11 MMBtu/d from 1.96 MMBtu/d in the same quarter last year. Total natural gas volumes processed increased to 1.4 million MMBtu/d from 1.3 million MMBtu/d earlier. The commercial services volume expanded significantly to 165,000 MMBtu/d from 49,000 MMBtu/d in the year-earlier period.

The company recently announced the start of a binding open season for volume commitments for interstate common carrier transportation service on a new natural gas liquids pipeline system. This common carrier pipeline will start operating from the first quarter of 2013 with preliminary design capacity of at least 70,000 barrels per day to Eunice, and a smaller amount to Riverside.
6 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
XTXI $0.00 0.00%
APL $0.00 0.00%
DPM $25.86 0.00%
ETP $42.89 0.00%
MWE $44.30 0.00%


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs