5 Energy Stocks Hitting 52-Week Highs
NEW YORK ( TheStreet) - Shares of these energy companies hit 52-week highs on Tuesday: Kinder Morgan Energy Partners (KMP) , Hornbeck Offshore Services (HOS) , World Fuel Services (INT) , Targa Resources Partners (NGLS) and Magellan Midstream Partners (MMP) .
Kinder Morgan Energy Partners
The energy transportation company announced Tuesday that it's secured commitments to double the size of its Trans Mountain oil pipeline, according to Reuters.
"Given KMP's track record and expansive backlog of growth projects, we are increasing our long-term growth capex spending estimate to $2.0B/year from $1.0B/year previously," Wells Fargo analysts wrote in a Jan. 27 report.
Shares of Kinder Morgan Energy hit a 52-week high of $90.57 on Tuesday. The stock's 52-week low of $63.42 was set on Aug. 5.
Kinder Morgan Energy has an estimated price-to-earnings ratio for next year of 34.27; the average for pipeline companies is 64.55. For comparison, Targa(NGLS) and Williams Partners (WPZ) both have lower forward P/Es of 21.31 and 18.87 respectively.
Of the 16 analysts who cover Kinder Morgan Energy, 11 rate it hold. Three analysts gave it a buy rating and two rated it sell.
TheStreet Ratings gives Kinder Morgan Energy a B grade with a buy rating and $103.25 price target. The stock has risen 6.25% year to date.
Hornbeck Offshore Services
The energy marine services company on Thursday reported fourth-quarter earnings of $14.2 million, or 45 cents a share, up from a year-ago loss of $741,000, or 3 cents a share.
"Hornbeck continues to be one of our favorites in the OSV space as we believe it is well positioned to capture the potential recovery of drilling activity in the GoM as well as growth in Latin America," Clarkson Capital Markets analysts wrote in a Feb. 16 report. "Hornbeck continues to build its position in these markets with the planned addition of 16 U.S. flagged high capacity OSVs that we expect will earn premium dayrates."
Shares of Hornbeck Offshore Services hit a 52-week high Tuesday of $40.59. The stock's 52-week low of $19.80 was set on Aug. 23.
Hornbeck Offshore Services has a forward P/E of 13.75; the average for oil equipment and services companies is 29. For comparison, Key Energy Services (KEG) has a lower forward P/E of 8.23; Lufkin Industries' (LUFK) forward P/E is 14.58.
Nine of the 13 analysts who cover Hornbeck Offshore Services rated it buy. Three analysts gave it a hold rating and one rated it sell.
Hornbeck Offshore Services gets a C grade from TheStreet Ratings and a hold rating. The stock has increased 28.76% year to date.