could be the most under valued energy company in t
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Posted On: 01/08/2022 3:15:08 PM
could be the most under valued energy company in the world JMHO
3 Undervalued Energy Stocks to Buy as Oil Approaches $80
TGA and its subsidiaries acquire, explore, produce, and develop crude oil and natural gas in Egypt and Canada. It holds a 100% working interest in four projects in Egypt. It also owns working interest assets in the Cardium and Ellerslie formations in the Harmattan area of Western Canada.
TGA is one of the cheapest stocks in the market with a price to free cash flow ratio under 6. While its market capitalization is around $230 million, the company is expected to generate about $100 million in cash over the next 12 months. Of course, this figure could rise if oil prices keep rising. Further, its Canadian assets are more viable with oil prices closer to $100 per barrel, given that production costs have risen in North America.
Wall Street is also high on the stock as it has a price target of $4.19, implying about 31% upside. Further, its last earnings report was very strong, with revenue growth of 243% and earnings reaching 51 cents per share, a stark improvement from a loss in the same quarter last year. For 2022, analysts are projecting 70 per share in EPS and $146 million in revenue.
Given this valuation and momentum, it’s not surprising that TGA has an overall A rating which translates to “strong buy” in our POWR Ratings system. It has strong grades across the board including a B for Growth and Value. Click here to see TGA’s complete POWR Ratings including grades for Industry, Stability, Sentiment, Momentum, and Quality.
https://www.oilandgas360.com/3-undervalued-en...oaches-80/
3 Undervalued Energy Stocks to Buy as Oil Approaches $80
TGA and its subsidiaries acquire, explore, produce, and develop crude oil and natural gas in Egypt and Canada. It holds a 100% working interest in four projects in Egypt. It also owns working interest assets in the Cardium and Ellerslie formations in the Harmattan area of Western Canada.
TGA is one of the cheapest stocks in the market with a price to free cash flow ratio under 6. While its market capitalization is around $230 million, the company is expected to generate about $100 million in cash over the next 12 months. Of course, this figure could rise if oil prices keep rising. Further, its Canadian assets are more viable with oil prices closer to $100 per barrel, given that production costs have risen in North America.
Wall Street is also high on the stock as it has a price target of $4.19, implying about 31% upside. Further, its last earnings report was very strong, with revenue growth of 243% and earnings reaching 51 cents per share, a stark improvement from a loss in the same quarter last year. For 2022, analysts are projecting 70 per share in EPS and $146 million in revenue.
Given this valuation and momentum, it’s not surprising that TGA has an overall A rating which translates to “strong buy” in our POWR Ratings system. It has strong grades across the board including a B for Growth and Value. Click here to see TGA’s complete POWR Ratings including grades for Industry, Stability, Sentiment, Momentum, and Quality.
https://www.oilandgas360.com/3-undervalued-en...oaches-80/
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