Halliburton and More: Goldman Says These Stocks Have Upside In 2013

Page 1 of 2

A research team at Goldman Sachs has released a list of stocks which they think have the highest upside when comparing the current price to the team’s price target. Of course, analysts don’t always get it right and an investor might not be able to buy every stock on the list in any case, but a list such as this can serve as a good starting point for further research. Here are Goldman’s picks for 2013:

The investment bank thought that Halliburton Company (NYSE:HAL) had about 50% upside. The $32 billion market cap oil and gas services company certainly seems low priced at 11 times earnings, whether we consider net income on a trailing basis or analyst consensus for 2013. However, despite high activity in the U.S. and modest revenue growth the company actually saw an 11% decline in earnings in the third quarter compared to the same period in 2011. Halliburton was one of the most popular energy stocks among hedge funds for the third quarter of 2012 (see the full rankings). We think that it’s worth it to look more closely at Halliburton; the company should be growing given industry demand, and if it can do so then it will be very undervalued at the current price.

David Shaw

Goldman’s next pick was Newfield Exploration Co. (NYSE:NFX), an oil and gas exploration and production company. Newfield has operations in the onshore U.S. as well as offshore assets in the Gulf of Mexico, Malaysia, and China. The stock is down 33% in the last year, which has brought it to a trailing P/E multiple of only 13. Billionaire David Shaw’s D.E. Shaw increased its stake in Newfield by 6% during the third quarter, closing September with 2.1 million shares in its portfolio (check out D.E. Shaw’s stock picks). It could be another good value play, but we’d note that oil majors generally trade at even cheaper valuations.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!