The Dow Jones Industrial Average and S&P 500 futures inched slightly higher today as investors remain optimistic about the continued economic recovery as COVID-19 cases decline in the United States. Moreover…
the Federal Reserve’s recent indication of no immediate removal of monetary stimulus has boosted investors’ confidence.
Also, as investors bet that the Chinese authorities will not allow real estate developer Evergrande Group to fail, the major indices are expected to remain upbeat in the near term.
Given this backdrop, if one has $1,500 in disposable cash we think one should consider investing in TransGlobe Energy Corporation (TGA – Get Rating), Educational Development Corporation (EDUC – Get Rating), and Friedman Industries, Incorporated (FRD – Get Rating). These stocks possess robust growth attributes and are expected to continue gaining.
TransGlobe Energy Corporation (TGA – Get Rating)
Headquartered in Calgary, Canada, TGA is a cash-flow-focused international oil and gas company. Its current activities are concentrated in the Arab Republic of Egypt and Alberta, Canada. The company also holds interests in four production sharing concessions: Gharib, West Bakr, NW Gharib, and South Ghazalat, Egypt.
TGA’s revenue increased 334.7% year-over-year to $50.63 million for the second quarter, ended June 30, 2021. The company’s net earnings came in at $7.72 million, versus a $13.37 million net loss in the prior-year quarter. Its EPS amounted to $0.11 for the quarter, compared to a $0.19 loss per share in the second quarter of 2020. Also, the company’s cash and cash equivalents grew 26.5% from $34.51 million as of December 31, 2020, to $43.64 million as of June 30, 2021.
A $145.77 million consensus revenue estimate for its fiscal period ending December 2021 represents a 27.1% increase year-over-year. Its EPS is expected to grow 363.2% next year. Furthermore, the company has an impressive earnings surprise history; it beat the consensus EPS estimates in three of the trailing four quarters. TGA’s stock has soared 104% in price over the past nine months and 415% over the past year.
TGA’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall A rating, which equates to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 distinct factors, each with its own weighting.
Also, the stock has an A grade for Momentum and Quality, and a B grade for Growth. We’ve also graded TGA for Stability, Sentiment, and Value. Click here to access all TGA’s ratings. TGA is ranked #2 of 50 stocks in the A-rated Foreign Oil & Gas industry.
Educational Development Corporation (EDUC – Get Rating)
EDUC is a children’s books publishing company that operates through publishing and the home business division. The Tulsa, Okla.-based company’s books are sold nationwide through independent consultants, and its retail division markets books to bookstores, toy stores, specialty stores, museums, and other retail outlets throughout the country.
During its fiscal first quarter ended May 31, 2021, EDUC’s net revenues increased 6.6% year-over-year to $40.81 million. The company’s net earnings grew 78% from their year-ago value to $3.44 million. Its EPS rose 78.3% from the prior-year quarter to $0.41. Also…
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