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Top 5 Companies in the Oil & Gas Exploration & Production Industry With the Highest Future Earnings Growth (CRC, EGY, REI, PDCE, ESTE)

By David Diaz

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

California Resources Corporation ranks highest with a future earnings growth of 130.8%. Following is VAALCO Energy, Inc. with a future earnings growth of 122.2%. Ring Energy Inc ranks third highest with a future earnings growth of 74.1%.

Pdc Energy Inc follows with a future earnings growth of 72.6%, and Earthstone Ene-A rounds out the top five with a future earnings growth of 54.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of California Resources Corporation on January 27th, 2020 by issuing a Downtrend alert when the shares were trading at $6.92. Since that call, shares of California Resources Corporation have fallen 85.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest future earnings growth :crc california resources corporation :egy vaalco energy inc. amex:rei ring energy inc pdc energy inc earthstone ene-a

Ticker(s): PDCE ESTE