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The Zacks Analyst Blog Highlights: Chaparral Energy, AngloGold Ashanti, Gold Fields, HighPoint Resources and Key Energy Services

Zacks Equity Research

For Immediate Release

Chicago, IL – May 18, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Chaparral Energy, Inc. CHAP, AngloGold Ashanti Ltd. AU, Gold Fields Limited GFI, HighPoint Resources Corp. HPR and Key Energy Services, Inc. KEGX.

Here are highlights from Friday’s Analyst Blog:

5 Winning Stocks to Buy as Oil Gushes

Oil prices scaled higher on May 14 after the US Energy Information Administration (EIA) said that it expects global crude stockpiles to decline in the second half of 2020. Demand for crude is expected to pick up as some countries are poised to relax coronavirus restriction norms and lift lockdowns to allow factories and shops to reopen.

Needless to say, oil prices for quite some time have been under tremendous pressure as widespread lockdowns to counter the spread of coronavirus hit fuel demand, leaving ample supplies that countries found hard to store.

Brent crude rose by $1.94, or 6.7%, to $31.13 a barrel on May 14, and West Texas Intermediate crude was up $2.27, or 9%, to $27.56 a barrel.

Big Winners From Rise in Oil Prices

Rise in oil prices of course bodes well for energy players, particularly those involved in exploration and production. Gold prices are also expected to move north on higher oil prices. This is because as crude prices rise, prices of essential goods and commodities follow suit. And value of gold rises when inflation picks up. After all, it acts as a hedge against inflation.

5 Stocks to Snap Up

In view of this, we have shortlisted five oil exploration and production, and gold mining stocks that are poised to grow.

Chaparral Energy, Inc. engages in the acquisition, exploration, development, production and operation of oil and natural gas rigs. The company’s expected earnings growth rate for the current year is 35.6% against the Zacks Oil and Gas - Exploration and Production - United States industry’s projected earnings decline of 35%.

The Zacks Consensus Estimate for its current-year earnings has risen60.5% over the past 60 days. Chaparral Energy flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

AngloGold Ashanti Ltd. is a gold mining company. This Zacks Rank #1company’s expected earnings growth rate for the current year is 113.2% compared with the Zacks Mining - Gold industry’s projected earnings growth of 22.9%. The Zacks Consensus Estimate for its current-year earnings has climbed4.9% over the past 60 days.

Gold Fields Limited is a gold producer. The company’s expected earnings growth rate for the current year is nearly 31% compared with the Zacks Mining - Gold industry’s projected earnings growth of 22.9%. The Zacks Consensus Estimate for its current-year earnings has moved7.8% up over the past 60 days. Gold Fields sports a Zacks Rank #1.

HighPoint Resources Corp. engages in the exploration, development and production of oil, natural gas, and natural gas liquids. The company’s expected earnings growth rate for the current year is 15% against the Zacks Oil and Gas - Exploration and Production - United States industry’s estimated earnings decline of 35%. The Zacks Consensus Estimate for its current-year earnings has advanced17.9% over the past 60 days. HighPoint Resources holds a Zacks Rank #2 (Buy).

Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor. This Zacks Rank #2company’s expected earnings growth rate for the current year is 96.6% against the Zacks Oil and Gas - Drilling industry’s projected earnings decline of more than 100%. The Zacks Consensus Estimate for its current-year earnings has moved up96.9% over the past 60 days.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.


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Gold Fields Limited (GFI) : Free Stock Analysis Report
 
AngloGold Ashanti Limited (AU) : Free Stock Analysis Report
 
Key Energy Services, Inc. (KEGX) : Free Stock Analysis Report
 
HIGHPOINT RESOURCES CORP (HPR) : Free Stock Analysis Report
 
Chaparral Energy, Inc. (CHAP) : Free Stock Analysis Report
 
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