5 Energy Stocks That Are Broker Favorites

In such troubled times, it might be a wise decision to go ahead with stocks preferred by analysts who have a deep fundamental knowledge and understanding of the industry and its companies.

Stocks with brokerage upgrades are often in for a good day and probably more. Consequently, a downgrade may indicate rough days ahead. Whatever the movement, the market tends to react to it. Also, research shows that stocks with broker rating upgrades outperform those that aren't upgraded and they almost certainly record better results than those stocks that get downgraded.

Here Are the Stocks

With the help of our Zacks Stock Screener, we have selected 5 stocks that have been given Strong Buy/Buy rating by 80% or more brokers. A favorable Zacks Rank #1 (Strong Buy) or #2 (Buy), which justifies a company’s strong fundamentals, further adds value to these stocks.

Matador Resources Co. (MTDR - Snapshot Report) : Matador Resources is an independent exploration and production company engaged in the acquisition, finding, and development of unconventional onshore oil and gas properties.

Zacks Rank #1

Strong Buy or Buy broker rating: 80%

China Petroleum and Chemical Corp. (SNP - Analyst Report) or Sinopec: With its head office in Beijing, Sinopec is one of the largest petroleum and petrochemical companies in Asia.

Zacks Rank #2

Strong Buy or Buy broker rating: 100%

Independence Contract Drilling Inc. (ICD - Snapshot Report) : Houston, TX-based Independence Contract drilling offers land drilling services for oil and natural gas producers primarily in the U.S.

Zacks Rank #2

Strong Buy or Buy broker rating: 83.3%

Vermilion Energy Inc. (VET - Snapshot Report) : A Canada-based international oil and gas producer, Vermilion Energy boasts of leading positions in Europe, North America and Australia.

Zacks Rank #2

Strong Buy or Buy broker rating: 100%

Ultrapar Participações S.A. (UGP - Snapshot Report) or Ultrapar: It is one of the largest distributors of liquefied petroleum gas in Brazil and a leading producer of petrochemicals and chemical.

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