I took a look around the energy space and uncovered six stocks that I think are must-own names. Here they are plus some commentary on each.
ATP Oil & Gas (ATPG) is an energy company that engages in the acquisition, development, and production of oil and natural gas properties in the Gulf of Mexico, the United Kingdom, and the Dutch sectors of the North Sea. It has a market cap of $796 million and a P/E of -1.97. The company reported a first quarter 2011 earnings loss of $119.55 million. The company has lost money in its last eight quarters. Also, ATP Oil & Gas has a three-year sales growth of -20%.
ATP Oil & Gas has traded in a 52-week range of between $9.04 and $21.40. The stock is currently trading in the middle of its trading range at $15.50. The stock price is below both its 50-day and 200-day moving averages. This company’s earnings and stock price have both have shifted downward in no small part to British Petroleum’s (BP) difficulties in the Gulf last year; however, production and earnings forecasts show a reversal in that trend. I would have to see some good news before I would consider buying this stock.
Exxon Mobile (XOM) engages in the exploration and production of crude oil and natural gas and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas, and petroleum products. With a market cap of $4,411.97 billion,To continue reading, click here.