8 Energy Stocks Top Credit Suisse’s Picks for 2014
Credit Suisse energy analysts released a list of stock picks for the oil and gas industries in 2014, which the bank sees as a year for both caution and optimism. From refineries to oil field producers and major development players, here are the eight stocks topping the Credit Suisse list, with credit to 24/7 Wall Street for the compilation.
In terms of the energy industry’s biggest players, few had as good a year on the market as Halliburton Inc. (NYSE:HAL). Credit Suisse sees even more growth in the year ahead, despite the opinion of numerous analysts who think the company’s 50 percent gains in 2013 warrant Halliburton an overweight rating. With a price target of $70, Credit Suisse is calling for another 40 percent in growth for the dividend stock.
Talk of the acquisition of EOG Resources Inc. (NYSE:EOG) is buzzing through the energy industry, and Credit Suisse considers the stock well worth investors’ attention in 2014. The bank’s energy analysts called for a price target of $210 for EOG Resources, which is above the consensus and considerably higher than the December 20 price of $168.52. The company stock gained 40 percent in 2013.