The question on everyone’s mind right now is whether the price of oil could potentially reach $100 per barrel. With WTI oil currently trading at around $92 per barrel and Brent oil above $95, this psychological milestone could have significant implications for the economy and consumers.
While some may be concerned about the impact of higher oil prices, there are also winners in this situation. Energy companies, oil producers, refineries, and businesses involved in the storage and transportation of crude oil can all benefit from the surge in prices.
However, not all oil-related stocks are poised to see significant gains. Oil giants like Exxon Mobil Corp., Chevron Corp., and ConocoPhillips are projected to have minimal upside potential based on the median analyst target prices for their stocks.
On the other hand, there are five U.S. oil firms that still have untapped growth potential. These stocks have median analyst target prices that are at least 20% higher than their current prices, making them attractive prospects for investors in the energy sector.
1. APA Corporation (NASDAQ:APA) is a global energy company focused on exploration, production, and development of oil and natural gas properties worldwide. Despite a year-to-date performance of -7%, APA Corp. has a 19.5% upside potential according to analysts.
2. Genesis Energy L.P. (NYSE:GEL) is a master limited partnership that provides various services in the midstream energy sector. With a year-to-date performance of 11%, Genesis Energy has a median analyst price target that is 19.6% above its current price.
3. Gulfport Energy Corporation (NASDAQ:GPOR) is engaged in the exploration, production, and marketing of natural gas, crude oil, and natural gas liquids. Despite a relatively low P/E ratio of 5.5x, Gulfport Energy has a median analyst price target that is 21.8% higher than its current price.
4. Marathon Oil Corporation (NYSE:MRO) is an exploration and production company focused on crude oil and natural gas. With a year-to-date performance of 0.6%, Marathon Oil has a 22.7% upside potential based on the median analyst target price.
5. Northern Oil & Gas, Inc. (NYSE:NOG) specializes in the acquisition and development of oil and natural gas properties in the U.S. With a year-to-date performance of 33%, Northern Oil & Gas has the highest upside potential among these five stocks, with a median analyst price target that is 24.7% above its current price.
Investors looking for value within the energy sector may find these stocks attractive options. While the price of oil remains uncertain, these companies have the potential for significant growth based on analyst predictions.
Sources:
– APA Stock, Analyst Ratings, Price Targets, Predictions
– Genesis Energy Stock, Analyst Ratings, Price Targets, Predictions
– Gulfport Energy Stock, Analyst Ratings, Price Targets, Predictions
– Marathon Oil Stock, Analyst Ratings, Price Targets, Predictions
– Northern Oil & Gas Stock, Analyst Ratings, Price Targets, Predictions