NEW YORK (TheStreet) -- Dominion Resources (D) shares are up 0.9% to $72.53 in early market trading on Thursday after the energy company was added to Citigroup's "focus list" before the opening bell today.
Analysts at the firm believe that the company's stock is currently undervalued due to what it sees as very promising opportunities for positive cash flow in the near term.
Analysts at Wells Fargo initiated coverage on the company's stock yesterday with a "market perform" rating. Dominion Resources has an average rating of "hold" from 13 ratings agencies with an average twelve month price target of $74.78.
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TheStreet Ratings team rates DOMINION RESOURCES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DOMINION RESOURCES INC (D) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."