The big dip in Snap's stock is a great buying opportunity, according to Wedbush Securities.
The firm raised its rating to outperform from neutral for Snap shares, saying the company's recent executive changes will lead to stronger results.
"In our view, the change in top management positions the company to significantly improve its execution, and its valuation suggests upside from current levels," analyst Michael Pachter said in a note to clients Tuesday. "Key hires and execution over the past six months suggest increased focus on shareholder value."
Snap shares are up 2.4 percent Tuesday.
The company's shares are significantly underperforming this year, down 33 percent through Monday versus the S&P 500's 8 percent gain.
Best Energy Stocks To Own For 2022: Northgate Minerals Corporation(NXG)
Northgate Minerals Corporation, together with its subsidiaries, engages in exploring, developing, processing, and mining gold and copper deposits in Canada and Australia. Its principal producing assets include 100% interests in the Fosterville and Stawell Gold mines in Victoria, Australia; and the Kemess South mine located in north-central British Columbia, Canada. The company was formerly known as Northgate Exploration Limited and changed its name to Northgate Minerals Corporation in May 2004. Northgate Minerals Corporation was founded in 1919 and is headquartered in Toronto, Canada.
Advisors' Opinion:- [By Shane Hupp]
Shares of NEX Group PLC (LON:NXG) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 696 ($9.21).
Best Energy Stocks To Own For 2022: NGL ENERGY PARTNERS LP(NGL)
We are a Delaware limited partnership formed in September 2010. Subsequent to our formation, we significantly expanded our operations through numerous business combinations. At March 31, 2015, our operations include: † Our crude oil logistics segment, the assets of which include owned and leased crude oil storage terminals, owned and leased pipeline injection stations, a fleet of owned trucks and trailers, a fleet of owned and leased railcars, a fleet of owned and leased barges and towboats, and a 50% interest in a crude oil pipeline. Our crude oil logistics segment purchases crude oil from producers and transports it for resale at owned and leased pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. † Our water solutions segment, the assets of which include water treatment and disposal facilities. Advisors' Opinion:
- [By Stephan Byrd]
Shares of NGL Energy Partners LP (NYSE:NGL) have earned a consensus recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $14.14.
- [By Motley Fool Transcribers]
NGL Energy Partners LP (NYSE:NGL)Q3 2019 Earnings Conference CallFeb. 11, 2019, 10:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Ethan Ryder]
Get a free copy of the Zacks research report on NGL Energy Partners (NGL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Energy Stocks To Own For 2022: Devon Energy Corporation(DVN)
Devon is a leading independent energy company engaged primarily in the exploration, development and production of oil, natural gas and NGLs. Our operations are concentrated in various North American onshore areas in the U.S. and Canada. Our portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth. We have doubled our onshore North American oil production since 2010 to more than 275 MBbls per day and have a deep inventory of development opportunities. Devon also produces over 1.6 Bcf of natural gas a day and more than 136 MBbls of NGLs per day. Additionally, we control EnLink, a leading integrated midstream business with significant size and scale in key operating regions in the U.S. This MLP focuses on providing gathering, transmission, processing, fractionation and marketing to producers of natural gas, NGLs, crude oil and condensate. Advisors' Opinion:
- [By ]
Today, we saw gains in the oil patch, with stocks like Occidental Petroleum (OXY) - Get Occidental Petroleum Corporation Report up 6.6% and Devon Energy (DVN) - Get Devon Energy Corporation Report gaining 3%. But Cramer noted that once oil prices get too high, producers turn on the spigot to bring prices back down. Adding to the confusion are shutdowns from hurricane Ida, once again weighing on oil, chemicals and manufacturing.
- [By ]
Devon Energy (DVN) rose 0.81% even after getting cut to Buy from Conviction Buy at Goldman Sachs. Analyst Neil Mehta cited the market's recognition of the company's dividend strategy for the downgrade.
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Fortunately, producers like Devon Energy (DVN) - Get Report and Pioneer Natural Resources (PXD) - Get Report now offer variable dividends, and can easily cope with changing market conditions.
Best Energy Stocks To Own For 2022: Carrizo Oil & Gas, Inc.(CRZO)
Carrizo Oil & Gas, Inc. is a Houston-based energy company which, together with its subsidiaries (collectively, "Carrizo," the "Company" or "we"), is actively engaged in the exploration, development, and production of oil and gas primarily from resource plays located in the United States. Our current operations are principally focused in proven, producing oil and gas plays primarily in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado and the Marcellus Shale in Pennsylvania. The Company achieved record total production in 2015 of 13.4 MMBoe, a 12% increase from 2014, despite significantly lower capital expenditures in 2015 when compared to 2014. At year-end 2015, our proved reserves of 170.6 MMBoe were 64% crude oil, 12% natural gas liquids and 24% natural gas. Our reserves increased primarily as a result of our ongoing drilling program in the Eagle Ford. Advisors' Opinion:
- [By Stephan Byrd]
Carrizo Oil & Gas (NASDAQ:CRZO)‘s stock had its “buy” rating reaffirmed by investment analysts at Northland Securities in a report issued on Tuesday. They currently have a $25.00 price objective on the oil and gas producer’s stock. Northland Securities’ price target would suggest a potential upside of 109.21% from the company’s previous close.
- [By Max Byerly]
BidaskClub upgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a hold rating to a buy rating in a report published on Wednesday morning.
Several other research firms have also commented on CRZO. Royal Bank of Canada reissued a buy rating and set a $29.00 price target on shares of Carrizo Oil & Gas in a research report on Thursday, July 12th. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research report on Thursday, July 26th. Stifel Nicolaus cut their price objective on shares of Carrizo Oil & Gas from $44.00 to $34.00 and set a buy rating on the stock in a report on Thursday, June 28th. Jefferies Financial Group restated a hold rating and set a $27.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday, July 18th. Finally, Williams Capital restated a buy rating and set a $41.00 price objective on shares of Carrizo Oil & Gas in a report on Monday, July 23rd. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $29.58.
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