Sign up for MarketBeat All Access to get access to all of MarketBeat’s research tools:
This is undoubtedly the case for the 2020 energy sector, which has become the top performer in 2021.
The Energy Select Sector SPDR ETF (NYSEARCA: XLE) is up 30.69% year-to-date, a quick rebound from a 32.51% decline in 2020. It’s not back yet as it was back about 40% gain. would require to regain its value in late 2019.
However, the demand for oil is increasing as the world’s industries rise again. Oil producers control the flow of supplies to avoid congestion. Energy technology companies are now expanding their capabilities in clean and alternative energy sources.
Chart Industries (NYSE: GTLS): The Georgia-based company makes precision equipment for the clean energy and industrial gas industries. Its equipment is used for production, storage, transportation, and other phases of energy supply.
Chart has been busy closing deals lately. In February, the company developed fuel cell-based systems for the transportation industry together with Ballard Power Systems (NASDAQ: BLDP). (adsbygoogle = window.adsbygoogle || []). push ({});
The company also acquired Cryogenic Gas Technologies in a $ 55 million cash transaction. Cryo processes and distributes industrial gases such as helium, argon, and hydrogen.
Chart increased fourth quarter earnings 51% to $ 1.27 per share. This was a reversal of two quarters of declining earnings. Year-over-year revenue decreased 3% to $ 312.4 million. Analysts expect earnings of $ 3.72 per share for the full year, a gain of 26%.
The stock is up 25.16% so far this year. It pulled back from its March 15 high of $ 166.14 and closed at $ 147.43 on Friday. It finds solid support above its 50-day moving average and is largely rebounding from that line on Friday. This is an institutional buy sign.
Sasol (NYSE: SSL): This integrated South African oil and gas company uses coal to make petroleum products.
This month the South African government issued an order stating that Company has been asked to comply with emissions guidelines. The company said retrofitting its facilities wasn’t a novice but could achieve the government’s goals using other methods.
That news didn’t affect the share price, which rose to a high of $ 15.67 just a few sessions later.
The stock fell below its 10-day moving average for the week ending March 19, but holds 13.9% above its 50-day line. It closed at $ 14.53 Friday.
While the chart looks strong and earnings have grown triple-digit for the past two quarters, be aware that sales growth has been declining for six quarters.
The Share of mutual funds increased in the most recent quarter after falling in the third quarter of 2020. Retail investors should always pursue stocks with stronger institutional support as this will drive prices higher.
Analysts expect earnings per share of $ 1.24 this year and $ 2.32 next year. Those increases would follow a loss of $ 8.63 per share in 2020. Denbury (NYSE: DEN): The Plano, Texas company is on natural gas production facilities in the Gulf Coast region of the United States and the Rocky Mountain region involved.
Denbury uses carbon dioxide to produce petroleum from areas with a history of exploration and production. This process reduces the carbon footprint of the oil it produces.
Although revenue has declined year over year in the past eight quarters, the company has reversed its earnings growth in the past two quarters.
This is a turnaround -History. The company completed a financial reorganization and emerged from Chapter 11 bankruptcy protection in September 2020. It was previously known as Denbury Resources and was formerly ticker DNR.
The nature of the trade has become more volatile over the past month, with prices fluctuating more throughout the day. Short interest is at 22%, which is a bit high so the volatility can be explained by short squeezes.
The stock is consolidating below its March 3rd high of $ 46.27. A faulty double floor pattern is currently forming. So look for institutional support to get the stock up in high volume before buying. This is a way to get in as institutions are showing confidence in the stock rather than reducing their positions.
With the Dow Jones Industrial Average (DJIA) making new highs seemingly every day, it seems like the wrong time to look at undervalued stocks. Or is it?
From cannabis to cryptocurrencies to electric vehicles, the market seems to be blowing bubbles everywhere. And so now may be the right time to tickle while the market slips. And that means looking for undervalued stocks.
Finding undervalued stocks is subjective, however. Some analysts use certain basic metrics. Others use technical analysis.
The general idea, however, is that you should look for stocks that trade below fair value.
In some cases, these may be stocks whose financials are stronger than other stocks in their sector, but which are trading at a lower price. In other cases, a company may have potential that is not reflected in its share price. In other words, undervalued stocks are stocks that have room for growth. That’s why they deserve a place in your portfolio.
That’s why we’ve put together this particular presentation on stocks that are currently undervalued. Investing in these companies is likely to be rewarded as stocks move below the radar from the broader market.
Fill out the form below to receive the latest headlines and analyst recommendations for your stocks with our free daily email newsletter:
Sign up to MarketBeat All Access to access the full Get Research Tools from MarketBeat:
View the latest news, buy / sell ratings, SEC filings, and insider deals for your stocks. Compare your portfolio performance against leading indices and get personalized stock ideas based on your portfolio.
Get stock ideas daily with the best Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. See what stocks are up to date on social media with MarketBeat’s Trending Stock Report.
Identify stocks that match your criteria using seven unique stock screeners. See what’s happening in the market with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access Stock Screener, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Would you like to see which stocks are moving? View our full range of financial calendars and market data tables for free.
Receive free world class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat enables individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, company buybacks, dividends, earnings, business reports, financial data, insider trading, IPOs, SEC filings, or stock splits, MarketBeat has the objective information you need to analyze stocks. Learn more.
© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St # 105, Sioux Falls, SD 57103 | [Email protected] | (844) 978-6257
MarketBeat does not provide financial advice or make recommendations or offers to buy stocks or sell any securities. Learn more.
Our statement on accessibility
Don’t sell my information
© 2021 The market data provided will be delayed by at least 10 minutes and hosted by Barchart Solutions. The information is provided « as is » and is provided for informational purposes only, not for commercial or advisory purposes, and is delayed. Please refer to the disclaimer for all delays and terms of use for exchanges. Basic company data from Zacks Investment Research. As a bonus for subscribing to our e-mail newsletters, you will also receive a free subscription to the Liberty Through Wealth e-newsletter. You can unsubscribe at any time.
Enter your email address below to receive a quick daily summary of upgrades, downgrades, and new coverage from Analysts with MarketBeat.com’s FREE daily email newsletter.
Ref: https://www.marketbeat.com
