NEW YORK (TheStreet) -- Anadarko Petroleum (APC), Marathon Oil (MRO - Get Report) and Murphy Oil (MUR - Get Report) are among energy stocks that received an adjusted earnings per share upgrade on fourth-quarter estimates over the past four weeks.The earnings for these 10 energy stocks were upgraded in the range of 4%-25% during the past four weeks. In comparison, analysts upgraded earnings per share of Exxon Mobil ( XOM), Chevron ( CVX), BP ( BP) and ConocoPhillips ( COP) by around 3.1%, 3.2%, 3.9% and 1.7%, respectively. We have not included TransAtlantic Petroleum ( TAT), Holly ( HOC), Valero Energy ( VLO), Penn West Energy Trust ( PWE), Nexen ( NXY) and Petrobras ( PBR) in this list, although they received a weighty EPS revision, because only a few analysts cover these stocks for adjusted earnings per share upgrade. Additionally, we have not included Atlas Energy ( ATLS), which has a downside of 2% and buy ratings of 9%, and Concho Resources ( CXO), which has a downside of 2%, as per the estimated price target of analysts polled by Bloomberg. Analysts expect the following 10 stocks to provide attractive investment returns during 2011, based on the upside implied from their respective 12-month price targets. Additionally, most of these stocks received favorable buy recommendations. The stocks are stacked by percentage of EPS upgrade in ascending order.
CHK), Southwestern Energy ( SWN) and Linn Energy ( LINE) returned around 1%, -18%, and 36%, respectively. The stock is expected to gain 1% with a 12-month target price of $58.7, based on consensus estimates of analysts polled by Bloomberg. Of the 17 analysts covering the stock, 10 recommend buying and 7 rated holding.
HES), Valero Energy ( VLO), Sunoco ( SUN), Eni ( E), Canadian Natural Resource ( CNQ) and Apache ( APA) have ROEs of 5.8%, -13.1%, -12.2%, 9.6%, 8.3% and -1.8%, respectively. The stock is expected to gain 4% with a 12-month target price of $75.8, based on the consensus estimates of analysts polled by Bloomberg. Of the 18 analysts covering the stock, 8 recommend buying, 7 rated holding and 3 advised selling.
RDS.A), Total ( TOT), China Petroleum & Chemical Corporation (Sinopec) ( SNP), Ecopetrol ( EC) and Schlumberger ( SLB) returned around 2.2%, 6.5%, 7.6%, -0.1% and 3.3%, respectively. The stock is expected to gain 15% with a 12-month target price of $48.3, based on consensus estimates of analysts polled by Bloomberg. Of the 24 analysts covering the stock, 13 recommend buying, 10 advise holding and 1 rates selling.
SFY), EOG Resources ( EOG), Cenovus Energy ( CVE), EnCana ( ECA) and Kinder Morgan Energy Partners ( KMP) have upsides of 8%, 2%, 9%, 4% and 1%, respectively. Of the 20 analysts covering Denbury, 12 recommend buying and 8 rate holding.