3 Energy Stocks Hitting 52-Week Highs: GulfMark, Pioneer Natural, El Paso

NEW YORK ( TheStreet) -- Shares of energy-related stocks GulfMark ( GLF), Pioneer Natural Resources ( PXD) and El Paso ( EP) all reached 52-week highs on Monday.

GulfMark

The offshore marine services company is scheduled to report its fourth-quarter results on Feb. 22. Analysts, on average, anticipate earnings of 80 cents a share on $103.71 million.

"GLF extended its term loan facility out to July 2014 (from Dec 2012). GLF has drawn down $140 million of the total $200 million facility," Credit Suisse analysts wrote in a Jan. 31 report. "While the extension helps solidify GLF's capital structure -- the real benefit is savings of roughly $33 million in annual amortization that we expect GLF to use to fund further growth."

Shares of GulfMark hit a 52-week high of $50.24 on Monday. The stock's 52-week low of $32.34 was set on Aug. 9.

GulfMark has a forward price-to-earnings ratio of 13.87X. This is about half of the average for the oil equipment and services companies of 28.39X. Superior Energy ( SPN) and RPC ( RES) had lower forward P/Es than GulfMark at 9.87X and 7.58X respectively.

Of the 10 analysts who cover the company, eight rated it a buy. One rated the company a hold and another analyst considered it a sell.

TheStreet Ratings gives GulfMark a B grade and has a $63.85 price target on the shares. The stock has risen 19.14% year to date.

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Pioneer Natural Resources

The oil and natural gas exploration and production company is scheduled to report its fourth-quarter results on Monday after the market closes. Analysts, on average, expect earnings of $1.03 a share on revenue of $699.62 million.

"Downside risks beyond commodity price volatility include operational missteps, or disappointing well results from the emerging horizontal Wolfcamp program," Deutsche Bank analysts wrote in a Jan. 27 report. "Upside risk is likely due to our conservative consideration of the Eagle Ford 2012e-13e growth potential, where a continued pickup in well productivity and crude pricing could surprise to the upside."

Shares of Pioneer Natural Resources hit a 52-week high Monday of $106.84. The stock's 52-week low of $58.63 was set on Oct. 4.

Pioneer's forward P/E of 20.86X is slightly higher than the average for exploration and production companies, which is 19.01X. Noble Energy ( NBL) and Chesapeake Energy ( CHK) both have lower forward P/Es of 15.4X and 10.88X respectively.

Of the 29 analysts who cover the company, 20 rated it a buy. Eight considered it a hold and one analyst gave it a sell rating.

TheStreet Ratings gives Pioneer a B+ grade and has a $129.57 price target on the shares. The stock has increased 18.69% year to date.


El Paso

This natural gas transmission company announced in October that it was being acquired by Kinder Morgan ( KMP).

Shares of El Paso hit a 52-week high of $27.25 on Monday. The stock's 52-week low of $16.01 was set on March 15.

El Paso has a forward P/E of 21.82X, which is less than half of the 57.3 Xaverage for pipeline companies. Plains All American ( PAA) and Williams ( WMB) have low forward P/Es of 17.47X and 18.40X respectively.

Analysts were divided on El Paso with six of them rating the stock a buy and another six rating it a hold. One analysts considered it a sell.

TheStreet Ratings gives El Paso a B- grade and has a $35.46 price target on the shares. The stock has risen 2.37% year to date.

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-- Written by Alexandra Zendrian in New York.

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