A year ago I argued that the energy sector was trading at a deep discount, and there were some very attractive bargains to be had in the sector, recalls Robert Rapier, editor of Investing Daily’s Energy Strategist.
That proved to be true, and a year later the energy sector recovery is underway. My expectation is that the energy sector will outperform the broader markets again in 2017, as it did in 2016.
My more conservative income recommendation from a year ago, Magellan Midstream Partners (MMP), rose by 13% while yielding over 4%.
Following last year’s excellent results, Magellan Midstream remains my Top Pick for income investors for the coming year.
The company exceeded internal expectations with a 6% year-over-year bump in distributable cash flow. That provided 1.2x coverage for a 4.6% yield that is projected to grow at least another 8% in 2017.
Best Energy Stocks For 2019: Carbonite, Inc.(CARB)
Advisors’ Opinion:
- [By Stephan Byrd]
Carbonite (NASDAQ:CARB) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.
- [By Jon C. Ogg]
Carbonite Inc. (NASDAQ: CARB) was reiterated as Outperform and the price target was raised to $35 from $30 at Oppenheimer.
Carrizo Oil & Gas Inc. (NASDAQ: CRZO) was maintained as Buy but the price target was cut to $44 from $45 at Stifel.
- [By Shane Hupp]
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Best Energy Stocks For 2019: Durect Corporation(DRRX)
Advisors’ Opinion:
- [By Stephan Byrd]
Algert Global LLC lifted its stake in Durect Co. (NASDAQ:DRRX) by 338.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 498,711 shares of the specialty pharmaceutical company’s stock after acquiring an additional 385,088 shares during the quarter. Algert Global LLC’s holdings in Durect were worth $1,067,000 as of its most recent SEC filing.
Best Energy Stocks For 2019: Cheniere Energy Partners LP Holdings, LLC(CQH)
Advisors’ Opinion:
- [By Paul Ausick]
Cheniere Energy Inc. (NYSEAMERICAN: LNG) announced Thursday morning that it is acquiring the approximately 8.1% of subsidiary Cheniere Energy Partners Holdings LLC (NYSEAMERICAN: CQH) that it does not already own in an all-stock deal valued at $28.24 per share of Cheniere Partners Holdings.
- [By Reuben Gregg Brewer]
I wouldn’t personally buy Cheniere Energy — it has a complex corporate structure that includes not just Cheniere Energy Partners, L.P. but also Cheniere Energy Partners LP Holdings LLC (NYSE: CQH),where the only asset is an ownership stake in Cheniere Energy Partners, L.P. Cheniere Energy is attempting to resolve this issue by acquiring Cheniere Energy Partners LP Holdings. Until that process is complete, however, that’s just too much corporate complexity for my taste.
- [By Ethan Ryder]
Cheniere Energy Partners (NYSEAMERICAN:CQH) – Equities research analysts at US Capital Advisors boosted their Q2 2018 EPS estimates for shares of Cheniere Energy Partners in a research report issued to clients and investors on Monday, May 14th. US Capital Advisors analyst J. Carreker now expects that the energy company will post earnings of $0.57 per share for the quarter, up from their prior estimate of $0.54. US Capital Advisors also issued estimates for Cheniere Energy Partners’ Q3 2018 earnings at $0.57 EPS and Q4 2018 earnings at $0.57 EPS.
