3 Strong Oil Picks For A Volatile Stock Market

2. Continental Resources, Inc. (CLR - Free Report)

Continental Resources is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. Analyst estimates have trended higher recently, with our Zacks Consensus Estimate for CLR’s full-year EPS gaining $1.01 within the past two months. That activity has helped the company earn a Zacks Rank #1 (Strong Buy).

Continental is another company that is improving its financial position, generating 35% cash flow growth and bringing in about $5 in cash per share right now. The company also presents better-than-industry-average net margin and RoE. CLR is another aggressive growth pick for 2018, with current estimates calling for revenue growth of 42% and EPS improvement of 359%.

3. CNOOC Limited (CEO  - Free Report)

Cnooc Limited is a company that engages primarily in the exploration, development, and production of crude oil and natural gas offshore China. Chinese oil producers should come out of any trade war relatively unscathed, as both countries have more important trade partners for black gold. CEO is also currently sporting a Zacks Rank #1 (Strong Buy).

Analyst estimates have also been trending higher for this company, evidenced by the Zacks Consensus Estimate for its full-year earnings moving $1.41 higher within the past 60 days. The stock also has a “B” grade for Value in our Style Scores system and is trading at just 9x forward 12-month earnings.

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