Wall Street Recommends “Strong Buy” Energy Stocks

Wall Street Recommends “Strong Buy” Energy Stocks

Analysts are gushing about techno stocks lately, while the energy stocks suffered severe losses due to the governments’ restrictions and increased prices. But some futures managed to overcome the obstacles in January this year, with a total 6.61% gain. Such results boosted experts’ confidence in those stocks. As a result, Wall Street analysts named some of them as potential strong buys.

Apergy Corporation and Azure Power Global are a good choice. What about Liberty Oilfield?

Apergy Corporation offers its clients oilfield services. It mostly focuses on lift equipment, such as rod pumping, cavity pumps, etc. Experts stated that this stock is oversold in the high-$20s, but it is still a strong buy, as the company has lots of advantages against its rivals.

So far, Apergy earned substantial sums despite the pressure from low oil and gas prices. The stock’s revenue was $278.4 million last year. Tommy Moll, Stephens analyst, set a buy rating with a $34 price target for this stock, with a 27% upside potential.

Azure Power Global, on the other hand,  mostly works on utility and commercial-scale photovoltaic power plants, among other things. It also builds, designs, and operates solar energy projects. The India-based company first started in 2009 and grew rapidly ever since.

Lavina Quadros, Jefferies’ analyst, said that Azure is set for significant gains, as its asset portfolio is well-diversified. Furthermore, experts think that its revenues will show robust yearly growth of 26.5%, reaching $44.2 million. Thus far, its average price target is $19.60, with the 57% upside potential.

Liberty Oilfield Services provides back-up for the oil fracking industry, offering sand, water, piping, chemicals, and even the engineers. This stock suffered some losses last year. Its revenues were down from experts’ estimates by 5%. But experts argue that now is a good time to buy this stock. Scott Gruber, the Citigroup analyst, put an $11.50 price target on it, with a 50% gain for shareholders.