5 Energy Stocks Hitting 52-Week Highs

NEW YORK ( TheStreet) - Shares of these energy companies hit 52-week highs on Tuesday: Kinder Morgan Energy Partners ( KMP), Hornbeck Offshore Services ( HOS), World Fuel Services ( INT), Targa Resources Partners ( NGLS) and Magellan Midstream Partners ( MMP).

Kinder Morgan Energy Partners

The energy transportation company announced Tuesday that it's secured commitments to double the size of its Trans Mountain oil pipeline, according to Reuters.

"Given KMP's track record and expansive backlog of growth projects, we are increasing our long-term growth capex spending estimate to $2.0B/year from $1.0B/year previously," Wells Fargo analysts wrote in a Jan. 27 report.

Shares of Kinder Morgan Energy hit a 52-week high of $90.57 on Tuesday. The stock's 52-week low of $63.42 was set on Aug. 5.

Kinder Morgan Energy has an estimated price-to-earnings ratio for next year of 34.27; the average for pipeline companies is 64.55. For comparison, Targa ( NGLS) and Williams Partners ( WPZ) both have lower forward P/Es of 21.31 and 18.87 respectively.

Of the 16 analysts who cover Kinder Morgan Energy, 11 rate it hold. Three analysts gave it a buy rating and two rated it sell.

TheStreet Ratings gives Kinder Morgan Energy a B grade with a buy rating and $103.25 price target. The stock has risen 6.25% year to date.

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Hornbeck Offshore Services

The energy marine services company on Thursday reported fourth-quarter earnings of $14.2 million, or 45 cents a share, up from a year-ago loss of $741,000, or 3 cents a share.

"Hornbeck continues to be one of our favorites in the OSV space as we believe it is well positioned to capture the potential recovery of drilling activity in the GoM as well as growth in Latin America," Clarkson Capital Markets analysts wrote in a Feb. 16 report. "Hornbeck continues to build its position in these markets with the planned addition of 16 U.S. flagged high capacity OSVs that we expect will earn premium dayrates."

Shares of Hornbeck Offshore Services hit a 52-week high Tuesday of $40.59. The stock's 52-week low of $19.80 was set on Aug. 23.

Hornbeck Offshore Services has a forward P/E of 13.75; the average for oil equipment and services companies is 29. For comparison, Key Energy Services ( KEG) has a lower forward P/E of 8.23; Lufkin Industries' ( LUFK) forward P/E is 14.58.

Nine of the 13 analysts who cover Hornbeck Offshore Services rated it buy. Three analysts gave it a hold rating and one rated it sell.

Hornbeck Offshore Services gets a C grade from TheStreet Ratings and a hold rating. The stock has increased 28.76% year to date.


World Fuel Services

The fuel logistics company is scheduled to report its fourth-quarter results on Thursday. Analysts, on average, anticipate earnings of 69 cents a share on $9.25 billion in revenue.

"World Fuel Services benefits from solid volume growth, its ability to enter new markets, gross profit per gallon holding at strong levels, and as it is viewed positively by providers and customers for its ability to provide liquidity to customers under a strong risk managed profile," Bank of America Merrill Lynch analysts wrote in a report Tuesday. "Its 3 segments should post improving volume targets, led by Aviation at 1.07 billion gallons, Land at 717 million gallons, and Marine at 6.6 million metric tons."

Shares of World Fuel Services hit a 52-week high of $48.09 on Tuesday. The stock's 52-week low of $29.53 was set on Aug. 9.

World Fuel Services has a forward P/E of 15.73; the average for transportation services companies is 15.29. For comparison, Ryder System ( R) has a lower forward P/E of 11.18; Air Lease's ( AL) forward P/E is 18.25.

Five of the six analysts who cover World Fuel Services rated it buy; one rated it hold.

TheStreet Ratings gives World Fuel Services a B+ grade with a buy rating and $61.95 price target. The stock has increased 13.82% year to date.

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Targa Resources Partners

The midstream natural gas company is scheduled to report its fourth-quarter results on Thursday. Analysts, on average, expect 50 cents a share in earnings on $2.2 billion in revenue.

"We forecast unit distribution growth through 2014 at about 10% compound annual growth rate driven by a favorable natural gas processing environment and due to incremental contributions from a $1.2B expansion growth/capital acquisition program through 2013," Morgan Keegan analysts wrote in a Jan. 26 report.

Shares of Targa Resources Partners hit a 52-week high Tuesday of $41.31. The stock's 52-week low of $28.83 was set on Aug. 8.

Targa Resources has a forward P/E of 21.31; the average for pipeline companies is 64.55. Enterprise Products Partners ( EPD) and Williams Partners ( WPZ) both have lower forward P/Es of 20.55 and 18.87 respectively.

Ten of the 14 analysts who cover Targa Resources rated it buy; four rated it hold.

Targa Resources gets a A- grade from TheStreet Ratings with a buy rating and $49.76 price target. The stock has risen 10.41% year to date.


Magellan Midstream Partners

The petroleum transportation company has extended the open season for shippers' capacity commitments to bring oil from Crane, Tex. to East Houston.

"In general, 4Q11 performance benefited from higher transportation and terminal revenues due to a 7% tariff increase on July 1, 2011 which partially offset reduced shipment volumes, higher fees for pipeline capacity, additional pipeline firm capacity lease purchases, recently constructed storage in Cushing, Oklahoma, new refined products tanks at MMP's marine terminals, tank additions at Cushing tank farm and Marrero, Louisiana terminal, and rate increases at Galena Park, Texas terminal," Ladenburg Thalman analysts wrote in a Feb. 8 report. "Overall, the strong performance in these two segments helped MMP generate approximately $131.3 million in distributable cash flow, compared with $128.1 million a year ago and our estimate of $109.7 million."

Shares of Magellan Midstream Partners hit a 52-week high Tuesday of $72. The stock's 52-week low of $51 was set on Aug. 8.

Magellan Midstream Partners has a forward P/E of 17.33; the average for pipeline companies is 64.53. For comparison, Enterprise Products Partners ( EPD) has a higher forward P/E of 20.55.

Ten of the 17 analysts who cover Magellan Midstream Partners rated it hold; seven analysts rated it buy.

TheStreet Ratings gives Magellan Midstream Partners an A+ grade with a buy rating and $85.54 price target. The stock has increased 3.85% year to date.

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- Written by Alexandra Zendrian in New York.

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