With 2012 just beginning, now's a smart time to gauge how the stocks you're interested in are likely to do this year and beyond. By knowing what stock analysts and fellow investors expect from a stock, you'll be smarter about whether you should keep buy it for your portfolio -- or sell it if you already own it.
Today, let's take a look at Samson Oil & Gas
Forecasts on Samson Oil & Gas
|Median Target Stock Price||$6|
|2011 EPS Estimate||$0.01|
|2012 EPS Estimate||$0.08|
|CAPS Rating (out of 5)||***|
Source: S&P Capital IQ.
What will 2012 bring for Samson Oil & Gas?
Samson isn't the most-followed stock on Wall Street, but the lone analyst tracking the stock sees it nearly tripling from its current level of just above $2 per share. The best bet to reach that lofty height might be a takeover bid.
Samson's big promise currently comes from its Bakken holdings, where its six producing wells account for the majority of the company's total production. Given the success that other companies are seeing in the region, Samson has reason to be optimistic. Continental Resources
But another area, the Niobrara, could be just as important in the long run to Samson. Although the company sold part of its acreage there to Chesapeake Energy
Small exploration companies are always a speculative play. But Samson has a lot going for it, and whether it attracts merger interest or just keeps drilling on its own, Samson is right to look forward to a strong 2012.
But Samson isn't the only stock that will benefit from continued interest in energy. Learn the names of three more stocks that will prosper from $100 oil in the Motley Fool's latest special free report on energy. It's yours free, but only for a limited time, so take a look today.
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. The Motley Fool owns shares of Devon Energy. Motley Fool newsletter services have recommended buying shares of Chesapeake Energy and Statoil. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.