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Highest Projected Earnings Growth in the Oil & Gas Exploration & Production Industry Detected in Shares of Contl Res Inc/Ok (CLR, PHX, EOG, AR, NBL)

By Amy Schwartz

Below are the three companies in the Oil & Gas Exploration & Production industry with the highest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Contl Res Inc/Ok ranks highest with a projected earnings growth of 445.1%. Following is Panhandle Oil-A with a projected earnings growth of 364.4%. Eog Resources ranks third highest with a projected earnings growth of 332.9%.

Antero Resources follows with a projected earnings growth of 287.9%, and Noble Energy Inc rounds out the top five with a projected earnings growth of 256.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Antero Resources on February 6th, 2019 by issuing a Downtrend alert when the shares were trading at $9.53. Since that call, shares of Antero Resources have fallen 41.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest projected earnings growth contl res inc/ok panhandle oil-a EOG Resources antero resources noble energy inc

Ticker(s): CLR PHX EOG AR NBL