11 High Growth Stocks Likely to Rally Over 50%: Investment Idea of the Day

Published:

Today, we have shortlisted 11 high growth stocks across sectors which are likely to outperform their peers and broader markets by providing price returns up to 50% in the next twelve months, based on average price targets of analysts polled by Bloomberg. We have picked stocks which are estimated to register strong growth in sales, EPS and cash flow of over 10% in 2014. We note that these stocks are rated a ‘Buy’ by majority of the analysts covering these stocks with an implied upside range of 51% to 167%. Moreover, some of these stocks have recorded gains during the past three months recording significant 3-month average trading volume above 100,000 shares.

Company Name

Exchange

Ticker

Market Cap
($MM)

Last Price

Average Volume
(3-Month)

Price Change
(3-Month)

Sales Growth (2014E)

EPS Growth (2014E)

CF/Share Growth
(2014E)

Total Analyst Coverage

Total Buy Rating

Consensus Target Price

Implied Upside

Madalena Energy

TSXV

MVN

238.9

0.46

1,990,739

-38.5%

100.4%

166.7%

1,152.9%

4

100%

1.21

166.5%

BNK Petroleum Inc

TSX

BKX

238.1

1.47

415,155

-36.1%

244.6%

118.5%

351.7%

5

100%

3.30

124.5%

LGX OIL + GAS INC

TSXV

OIL

41.7

0.47

125,107

-5.1%

75.4%

110.0%

132.7%

5

80%

0.92

95.7%

Enterprise Group Inc

TSX

E

130.9

0.90

945,456

-14.3%

133.4%

47.5%

31.6%

4

100%

1.55

72.2%

Rex Energy Corp

NASDAQ

REXX

793.7

14.67

768,964

-29.7%

62.3%

76.4%

57.4%

17

71%

24.42

66.4%

Tangoe Inc

NASDAQ

TNGO

552.0

14.27

311,465

-17.0%

16.9%

21.2%

17.1%

7

86%

23.33

63.5%

Bellatrix Exploration

TSX

BXE

1,631.3

8.54

3,509,083

-15.6%

139.9%

83.6%

73.5%

15

100%

13.66

59.9%

Avigilon Corp

TSX

AVO

1,087.9

23.43

662,300

-13.2%

58.2%

46.1%

141.9%

10

80%

36.28

54.8%

Donnycreek Energy

TSXV

DCK

134.3

2.44

269,920

16.2%

315.6%

462.5%

639.9%

6

100%

3.75

53.7%

Taseko Mines Ltd

TSX

TKO

491.4

2.52

378,537

8.6%

45.8%

230.0%

12.6%

13

77%

3.84

52.2%

Canacol Energy Ltd

TSX

CNE

752.1

6.99

1,006,714

-13.3%

43.2%

157.7%

240.8%

12

75%

10.55

50.9%

Source: Bloomberg
Market Cap and Last Price are in their respective currencies

Company Description:

Madalena Energy Inc (TSXV: MVN)
Madalena Energy, Inc. is domestic and international upstream oil and gas company .The company explores, develops and produces crude oil, natural gas liquids and natural gas.

BNK Petroleum Inc (TSX: BKX)
BNK Petroleum Inc. is an international energy company focused on the acquisition, exploration, and production of large hydrocarbon reserves, predominately unconventional.

LGX OIL + GAS INC (TSXV: OIL)
LGX Oil + Gas Inc. is a junior oil and gas company involved in the acquisition, exploration, development and production of oil and gas properties.The company’s projects are currently situated in the Provinces of Alberta and Saskatchewan.

Enterprise Group Inc (TSX: E)
Enterprise Group, Inc. is a pipeline construction and oilfield maintenance company. The company seeks business in Central and Northern Alberta’s oilfields.

Rex Energy Corp (NASDAQ: REXX)
Rex Energy Corporation is an independent energy company engaged in the acquisition, production, exploration and development of oil, natural gas and natural gas liquids. The company focuses on oil recovery as well as field services including water sourcing, water disposal, and water transfer capabilities for completion operations.

Tangoe Inc (NASDAQ: TNGO)
Tangoe, Inc. develops and markets computer software. The company markets software to help companies manage and control their fixed and mobile communications assets and costs. The software helps companies track sourcing, asset procurement, services provisioning, invoice processing, expense allocation, bill payment, policy enforcement, usage management, and inventory.

Bellatrix Exploration Ltd (TSX: BXE)
Bellatrix Exploration Ltd. explores for oil and natural gas.

Avigilon Corp (TSX: AVO)
Avigilon Corporation manufactures surveillance equipment. The company produces high definition, network-based video surveillance systems and equipment for video capture, transmission, recording, and playback.

Donnycreek Energy Inc (TSXV: DCK)
Donnycreek Energy Inc. is an emerging Canadian oil and natural gas exploration and production company. The company is focused on horizontal multi-stage frac development in the liquid-rich Montney, Bluesky, Wilrich and/or Falher formations in the Deep Basin area of west central Alberta, Canada.

Taseko Mines Ltd (TSX: TKO)
Taseko Mines Ltd. explores for and mines copper and molybdenum. The company operates in Canada.

Canacol Energy Ltd (TSX: CNE)
Canacol Energy Limited is an international junior energy company with production and exploration operations located in South America. The company’s operations are focused in Colombia, Brazil, and Guyana.

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