EOG Resources (EOG) Up 13.1% QTD: More Room for Upside Left?
Zacks Investment Research | Dec 27, 2021 11:21PM ET
Shares of EOG Resources (NYSE:EOG), Inc. .
PDC Energy is focusing on significant value creation with a strong presence in the Delaware Basin – a sub-basin of Permian – where the company’s operations are spread across roughly 25,000 net acres. PDC Energy has done pretty well this year despite the coronavirus pandemic and is projecting 2021 free cash flow of more than $900 million.
PDC Energy is also focusing on debt reduction. In order to strengthen its balance sheet further, PDC Energy is anticipating reducing its debt load by more than 40% in 2021.
Sunoco LP generates stable cashflows since it is a leading independent fuel distributor in the United States. With a growing energy infrastructure platform, Sunoco LP secures roughly 2,500 commercial customers.
Over the past 60 days, Sunoco LP has witnessed upward earnings estimate revisions for 2021 and 2022, respectively. Overall, with demand for traditional motor fuels to continue to remain in place, Sunoco LP is well placed to continue to generate stable cashflows.
SM Energy is also a leading upstream player with strong footprint in top-tier assets. SM Energy is delivering the best-in-class well performances. Since the beginning of 2021 to third-quarter end, SM Energy has completed 78 net wells with the projection for the completion of 82 net wells.
Over the past seven days, SM Energy has witnessed upward earnings estimate revisions for 2021. So far this year, SM Energy gained 409.6%, outpacing the surge of 98.1% of the composite stocks belonging to the industry.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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