Today, we have shortlisted 12 Canadian energy sector stocks with strong growth prospects trading below C$10. These stocks are likely to outperform their peers and broader markets registering strong growth in sales and EPS in 2014 and 2015. Moreover, we note that a majority of the analysts covering these stocks have offered a ‘Buy’ rating with consensus 12-month price targets indicating significant upside potential of up to 133% from current levels, according to consensus estimates provided by Bloomberg. Additionally, some of the shortlisted stocks have accumulated gains during the past three months with daily average trading volume in excess of 100,000.
|
Company Name |
Exchange |
Ticker |
Market Cap |
Last Price |
Average Volume |
Price Change |
Sales Growth 2014(E) |
Sales Growth 2015(E) |
EPS Growth 2014(E) |
EPS Growth 2015(E) |
Consensus Buy Ratings |
Consensus Target Price |
Implied Upside |
|
TAG Oil Ltd |
TSX |
TAO |
142.5 |
2.23 |
162,433 |
-12.2% |
18.9% |
42.9% |
390.9% |
26.6% |
75.0% |
5.20 |
133.2% |
|
Bellatrix Exploration Ltd |
TSX |
BXE |
1,469.7 |
7.68 |
2,461,413 |
-17.6% |
124.0% |
29.5% |
71.3% |
28.1% |
93.8% |
12.60 |
64.1% |
|
Bankers Petroleum Ltd |
TSX |
BNK |
1,484.4 |
5.69 |
2,560,529 |
-18.9% |
15.3% |
11.4% |
92.9% |
14.5% |
73.3% |
8.98 |
57.8% |
|
Yangarra Resources |
TSX |
YGR |
201.5 |
3.49 |
439,576 |
-9.8% |
104.2% |
45.8% |
291.7% |
78.7% |
100.0% |
5.19 |
48.8% |
|
Long Run Exploration |
TSX |
LRE |
954.7 |
4.94 |
1,804,359 |
-10.4% |
34.5% |
26.8% |
98.5% |
31.2% |
68.8% |
7.17 |
45.2% |
|
Artek Exploration Ltd |
TSX |
RTK |
249.9 |
3.21 |
779,974 |
-24.3% |
51.1% |
26.8% |
192.0% |
64.4% |
80.0% |
4.63 |
44.2% |
|
RMP Energy Inc |
TSX |
RMP |
940.1 |
7.70 |
1,683,537 |
-11.4% |
128.5% |
31.1% |
397.8% |
36.2% |
85.7% |
11.10 |
44.1% |
|
CanElson Drilling Inc |
TSX |
CDI |
647.3 |
6.99 |
359,604 |
-10.4% |
39.2% |
16.7% |
30.2% |
26.8% |
87.5% |
9.75 |
39.5% |
|
High Arctic Energy Services Inc |
TSX |
HWO |
292.7 |
5.28 |
118,189 |
0.2% |
10.8% |
40.3% |
15.5% |
32.2% |
100.0% |
7.00 |
32.6% |
|
Perpetual Energy Inc |
TSX |
PMT |
299.6 |
2.00 |
304,613 |
19.0% |
30.8% |
14.1% |
57.5% |
76.5% |
55.6% |
2.61 |
30.4% |
|
Pine Cliff Energy Ltd |
TSXV |
PNE |
401.1 |
1.97 |
3,224,768 |
37.8% |
136.7% |
58.1% |
440.0% |
18.5% |
100.0% |
2.38 |
20.6% |
|
Tamarack Valley Energy Ltd |
TSXV |
TVE |
439.6 |
7.27 |
682,629 |
13.6% |
99.2% |
51.8% |
12.3% |
69.5% |
85.7% |
8.54 |
17.5% |
Source: Bloomberg
Company Description:
TAG Oil Ltd (TSX: TAO)
TAG Oil Ltd. is an oil and gas exploration and production company. The company’s production and exploration operations are centered on New Zealand’s North Island, including oil and gas production and exploration activities in the Taranaki Basin and exploration in the East Coast Basin.
Bellatrix Exploration Ltd (TSX: BXE)
Bellatrix Exploration Ltd. explores for oil and natural gas.
Bankers Petroleum Ltd (TSX: BNK)
Bankers Petroleum Ltd. is an oil and gas exploration and production company. The company has a working interest in the Patos-Marinza oil field in Albania.
Yangarra Resources Ltd (TSX: YGR)
Yangarra Resources Ltd. acquires, explores, and develops oil and gas properties in Canada.
Long Run Exploration Ltd (TSX: LRE)
Long Run Exploration Ltd. is an intermediate oil and natural gas company focused on the Western Canadian Basin.
Artek Exploration Ltd (TSX: RTK)
Artek Exploration Ltd. explores for oil and natural gas. The company operates in Alberta and British Columbia in Canada.
RMP Energy Inc (TSX: RMP)
RMP Energy Inc. is an oil and gas exploration and production company. The company explores for and produces oil and natural gas in West Central Alberta and southeastern Saskatchewan.
CanElson Drilling Inc (TSX: CDI)
CanElson Drilling, Inc. manufactures, acquires and operates drilling rigs for the oil and natural gas industry. The company operates in the western Canadian Sedimentary Basin, the Permian Basin of west Texas, and the Ebano-PanucoCacalilao fields of
Mexico.
High Arctic Energy Services Inc (TSX: HWO)
High Arctic Energy Services Inc. offers oilfield services. The company offers underbalanced drilling and production services, equipment, design and development services, and technical support and training.
Perpetual Energy Inc (TSX: PMT)
Perpetual Energy Inc. is an independent natural gas producer. The company owns, operates, and develops oil and gas properties throughout Canada.
Pine Cliff Energy Ltd (TSXV: PNE)
Pine Cliff Energy Ltd. is an oil and gas exploration, development, and Production Company focused on developing or acquiring interests in prospects located in Western Canada.
Tamarack Valley Energy Ltd (TSXV: TVE)
Tamarack Valley Energy Ltd. explores for oil and natural gas in the western Canadian sedimentary basin. The company owns Cardium light oil properties in Alberta, and natural gas properties in Alberta and British Columbia.
