In this article, we’d be discussing 5 energy stocks to buy now according to SailingStone Capital Partners. If you want to check out the detailed analysis of SailingStone Capital Partners’ 13F portfolio, go to 10 Energy Stocks to buy now according to SailingStone Capital Partners.
5. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)
SailingStone Capital Partners’ Stake Value: $12.9 million
Percentage of SailingStone Capital Partners’ 13F portfolio: 3.27%
Number of Hedge Fund Holders: 26
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) or Chemical & Mining Company of Chile is a mining company headquartered in Santiago, Chile. The company specializes in Lithium ore as far as mining goes. SailingStone Capital Partners holds 241,213 shares in the company after a 10% decrease in stake as of the third quarter of 2021.
On December 21, Scotiabank analyst Ben Isaacson downgraded SQM stock to ‘Underperform’ from ‘Sector-Perform’ and set the price target of $47, down from $59. The analyst anticipates that SQM shares would likely underperform following the election of Gabriel Boric as Chile’s next president. Boric has recently entertained the idea of creating a state-owned lithium company, which the analyst believes, brings “significant risk” to the extension of lithium extraction concessions in the Salar de Atacama.
4. Cameco Corporation (NYSE:CCJ)
SailingStone Capital Partners’ Stake Value: $18.7 million
Percentage of SailingStone Capital Partners’ 13F portfolio: 4.73%
Number of Hedge Fund Holders: 35
Cameco Corporation (NYSE:CCJ) is one of the leading uranium mining companies. The company is headquartered in Saskatoon, Saskatchewan, Canada. SailingStone Capital Partners holds 680,716 shares in the company after a 33% decrease in stake in the third quarter of 2021. On November 3, BofA analyst Lawson Winder upgraded Cameco Corporation to the rating of ‘Buy’ from Neutral with a price target of $32.
3. PDC Energy, Inc. (NASDAQ:PDCE)
SailingStone Capital Partners’ Stake Value: $31 million
Percentage of SailingStone Capital Partners’ 13F portfolio: 7.94%
Number of Hedge Fund Holders: 20
PDC Energy, Inc. (NASDAQ:PDCE) is an oil and gas extraction company headquartered in Colorado, US. The company filed a Q3 revenue of $486 million, missing the mark by $52 million as far as analyst estimates were concerned.
Its EPS stood at $2.33 that beat analyst estimates by $0.64. SailingStone Capital Partners holds 663,534 shares in the company after a 38% decrease in stake in the Q3’21.
2. Range Resources Corporation (NYSE:RRC)
SailingStone Capital Partners’ Stake Value: $107 million
Percentage of SailingStone Capital Partners’ 13F portfolio: 27.12%
Number of Hedge Fund Holders: 25
Range Resources Corporation (NYSE:RRC) is an oil and gas exploration and extraction company based in Texas, US. The company was founded in 1976. The company mainly operates in The Marcellus Formation. As of late, the company has 17 trillion cubic feet of proven natural gas reserves.
SailingStone Capital Partners holds 4.7 million shares in the company after a 50% decrease in stake in the third quarter of 2021. The investment accounts for 27.12% of the hedge fund’s total portfolio in Q3’21.
On November 19, Morgan Stanley analyst Devin McDermott downgraded the Range Resources stock to ‘Underweight’ from ‘Equal Weight’ and set the price target at $26.
1. Antero Resources Corporation (NYSE:AR)
SailingStone Capital Partners’ Stake Value: $115 million
Percentage of SailingStone Capital Partners’ 13F portfolio: 29.07%
Number of Hedge Fund Holders: 41
Antero Resources Corporation (NYSE:AR) is an independent American energy company based in Colorado. It explores, extracts and processes natural gas, oil and NGLs in the Appalachian Basin. SailingStone Capital Partners holds over 6 million shares in the company albeit after a 35% decrease in their stake in the third quarter of 2021.
On October 26, Raymond James analyst John Freeman raised the price target on Antero Resources Corporation (NYSE:AR) to $32 from $19 and kept a ‘Strong Buy’ rating on the shares.
You can also take a peek at 9 Best Clean Energy Stocks to Buy Today and 12 Best EV Stocks to Invest In.
