“This is a company that’s simply been thrown out with the bathwater and they’ve got a lot of upside potential,” Fitz-Gerald said.
Northern Oil & Gas Inc. (NYSE: NOG)
Recent Price: $5.72
Market Cap: $351.2 million
Institutional Ownership: 94%
Dividend Yield: N/A
2015 EPS Estimate: $0.88
NOG also trades at an extreme discount right now at $5.72 per share. It had climbed as high as $17.43 in 2014. NOG has also seen its stock rally in the last three weeks, up 9.3%.
Despite falling oil prices, analysts expect NOG’s revenue to climb 26.8% for the full-year 2014. For 2015, analysts predict revenue will climb another 8.6%.
Right now, analysts surveyed by Thomson/First Call have an average price target of $11.11 for NOG. That’s a 94.2% increase from today’s opening price.
These two oil stocks are great bargains for investors today. For the more aggressive investor, Fitz-Gerald has one more pick to consider…
One Huge Opportunity for Aggressive Investors Now
“If you really want a ride, I think the one – if you’re adventurous – is Gazprom OAO(OTCMKTS ADR: OGZPY),” Fitz-Gerald said.
But at such a low price, the shares offer tremendous upside.
“Gazprom is the world’s largest natural gas extractor,” he continued. “It has a lock on Europe, and it’s trading at what I think may be the smallest P/E multiple in the world – last time I looked it’s about 1.73. Any shift from terrible to simply less bad with regard to Putin is going to make that thing take off like a rocket.”
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