Top Energy Stocks To Invest In Right Now

tags:LPL,ICCC,SID, What happened�

Shares of coal miner Cloud Peak Energy Inc. (NYSE:CLD) jumped as much as 25% in trading today as energy prices surged higher. The stock held most of its gains late in trading and was up 19.8% as of 3:10 p.m. EDT.�

So what

There wasn't any specific news from Cloud Peak Energy or the coal industry more broadly, so this looks like a move driven by energy enthusiasm from traders. The biggest jump of the day was oil, which is up 2.4% as I'm writing at $68.30 per barrel of WTI crude oil. That helped push oil stocks higher and Cloud Peak Energy went with it.

Image source: Getty Images.

This is a case where traders are thinking a company like Cloud Peak Energy could benefit from rising energy prices more than other stocks because it's highly leveraged. At the end of the first quarter of 2018, the company had $406.3 million of debt and lost $7.7 million last quarter. Any surge in prices would help turn the company toward profitability in the second quarter and debt should leverage its returns versus competitors. That's the theory for traders today.

Top Energy Stocks To Invest In Right Now: LG Display Co., Ltd.(LPL)

Advisors' Opinion:

• [By Ashraf Eassa]

  According to a new report from The Wall Street Journal (subscription required), Apple wanted to tap�LG Display�(NYSE:LPL) as a second source for OLED displays for the company's next-generation smartphones, but LG Display seems to be running into issues.�

• [By Steve Symington]

  The same sources noted that if Apple ultimately opts to launch more than three iPhone models in 2019, it may be forced to continue using LCD displays in at least one model because of manufacturing bottlenecks. But assuming Apple moves forward with its OLED-centric plans, it's likely it will continue sourcing OLED panels from Samsung Display -- which currently serves as Apple's sole OLED display provider -- while enlisting LG Display (NYSE:LPL) as a secondary supplier.

• [By Shane Hupp]

  ValuEngine downgraded shares of LG Display (NYSE:LPL) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday.

• [By Evan Niu, CFA]

  Apple has been working to bring LG Display (NYSE:LPL) onboard as a second supplier, but the latter company has been hitting roadblocks in terms of manufacturing capacity and quality requirements. However, it sounds like LG is making progress.

Top Energy Stocks To Invest In Right Now: ImmuCell Corporation(ICCC)

Advisors' Opinion:

• [By Stephan Byrd]

  ImmuCell (NASDAQ:ICCC) released its quarterly earnings results on Monday. The biotechnology company reported ($0.04) earnings per share for the quarter, Bloomberg Earnings reports. ImmuCell had a negative net margin of 1.61% and a negative return on equity of 0.79%.

Top Energy Stocks To Invest In Right Now: National Steel Corporation(SID)

Advisors' Opinion:

• [By Dan Caplinger]

  Monday began the week on a solid note for the stock market, with the Dow Jones Industrial Average posting another triple-digit gain as the Nasdaq Composite�closed at a record high. Despite ongoing nervousness regarding trade, most investors remain convinced that the strong U.S. economy will be able to lead the way forward, pointing to Friday's employment report as the latest evidence of sustainable momentum. Good news regarding a host of companies both in the U.S. and abroad also helped buoy the market's mood. Fossil Group (NASDAQ:FOSL), Companhia Siderurgica Nacional (NYSE:SID), and Immunomedics (NASDAQ:IMMU) were among the best performers on the day. Here's why they did so well.

• [By Rich Smith]

  Brazilian steelmaker Companhia Siderurgica Nacional (NYSE:SID) stock lost 20% of its value in last month's sell-off, hurt by a shareholder dispute with management� and (probably) continued generally negative sentiment regarding South American stocks. This morning, however, shares of CSN are turning around, and trading up 13% as of 12:30 p.m. EDT.

• [By Ethan Ryder]

  Daiwa Securities Group Inc. reduced its stake in shares of Companhia Sider煤rgica Nacional (NYSE:SID) by 10.2% during the 1st quarter, Holdings Channel reports. The firm owned 374,200 shares of the basic materials company’s stock after selling 42,600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Companhia Sider煤rgica Nacional were worth $984,000 at the end of the most recent reporting period.

• [By Stephan Byrd]

  Companhia Siderurgica Nacional (NYSE:SID)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $1.95 and last traded at $1.99, with a volume of 131251 shares. The stock had previously closed at $2.02.

IHS Markit (INFO) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for IHS Markit (NASDAQ: INFO):

7/2/2018 – IHS Markit was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating. 6/28/2018 – IHS Markit was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “ 6/27/2018 – IHS Markit had its price target raised by analysts at Morgan Stanley from $44.00 to $47.00. They now have an “underweight” rating on the stock. 6/27/2018 – IHS Markit had its price target raised by analysts at Robert W. Baird from $58.00 to $59.00. They now have an “outperform” rating on the stock. 6/27/2018 – IHS Markit had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $61.00 price target on the stock. 6/27/2018 – IHS Markit was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “ 6/23/2018 – IHS Markit was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating. 6/12/2018 – IHS Markit was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating. 6/2/2018 – IHS Markit was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating. 6/1/2018 – IHS Markit was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. 5/31/2018 – IHS Markit was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating. 5/22/2018 – IHS Markit was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $60.00 price target on the stock. 5/15/2018 – IHS Markit had its price target raised by analysts at BMO Capital Markets to $57.00.

NASDAQ:INFO traded down $0.03 on Tuesday, hitting $52.45. 2,563,272 shares of the company’s stock were exchanged, compared to its average volume of 2,120,559. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.41. IHS Markit has a 52 week low of $42.40 and a 52 week high of $53.05. The stock has a market capitalization of $20.64 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77.

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IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, June 26th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. IHS Markit had a net margin of 16.03% and a return on equity of 9.68%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $974.12 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. analysts anticipate that IHS Markit will post 1.85 earnings per share for the current fiscal year.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 80,000 shares of the business’s stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $48.41, for a total transaction of $3,872,800.00. Following the sale, the chief executive officer now directly owns 726,023 shares of the company’s stock, valued at approximately $35,146,773.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Adam Jason Kansler sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $49.04, for a total transaction of $980,800.00. Following the sale, the executive vice president now directly owns 131,052 shares in the company, valued at $6,426,790.08. The disclosure for this sale can be found here. Insiders have sold a total of 2,500,000 shares of company stock worth $128,587,250 over the last three months. Insiders own 2.68% of the company’s stock.

Large investors have recently modified their holdings of the business. Ostrum Asset Management bought a new stake in shares of IHS Markit in the 1st quarter valued at about $186,000. Korea Investment CORP raised its holdings in shares of IHS Markit by 42.0% in the 1st quarter. Korea Investment CORP now owns 4,730 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 1,400 shares during the period. ETRADE Capital Management LLC bought a new stake in shares of IHS Markit in the 4th quarter valued at about $247,000. Rehmann Capital Advisory Group bought a new stake in shares of IHS Markit in the 4th quarter valued at about $261,000. Finally, D.A. Davidson & CO. bought a new stake in shares of IHS Markit in the 1st quarter valued at about $306,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.

Buy NBCC Ltd; target of Rs 95: ICICI Direct

ICICI Direct's research report on NBCC Ltd

Media reports indicate that the Delhi High Court (HC) has maintained its stay on tree felling until further orders. Also, the National Green Tribunal (NGT) has ordered not to fell trees for redevelopment of government colonies till July 19, 2018. Previously, the Delhi High Court had directed NBCC to stop tree felling till July 4, 2018. This decision came after a PIL was filed, which sought setting aside of terms of reference (ToR) and environment clearances (EC) granted to the project by the Environment Ministry, saying it would lead to felling of over 16500 trees.

Outlook

We continue to maintain our BUY rating on the stock with an SOTP based target price of | 96 (implying ~32x FY20E EPS). We value NBCC��s PMC and redevelopment business on DCF based methodology and have now consider discounting rate of 13% (12% earlier) for PMC and 14% (13% earlier) for the redevelopment business.

For all recommendations report,�click here

related news Buy NCL Industries; target of Rs 210: ICICI Direct Buy Voltas; target of Rs 680: JM Financial

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Read More First Published on Jul 10, 2018 03:41 pm