RE:Buy every dip? I told you months ago where stock was headed.Agreed. The fundamentals also support a nice bump up SP too:
- HSE actual numbers from Q42017:
- WTI average was $55.37
- HSE realized $46.69/boe in Q4 [a discount of $8.68]
- production rate of ~320 mboe/day
Assuming a similar rations for Q12018:
- WTI average for Q1 was $63.37
- HSE may average $54.69/boe in Q1 with a similar discount
- production likely >320 mboe/day
- potentially HSE may see $8.00/boe or 17% increase in revenues for Q1
Analysts estimate range is $0.06 - $0.38 with an average estimate of $0.22 EPS. I suspect HSE may deliver Q1 EPS of $0.27 for the quarter ... slightly bullish than the average analyst.
Forward looking EPS for 2018 is also improved, analyst averages have it estimated at slightly >$1.00. Applying the Energy Index PE multiple of 24.81 ... the SP target for the end of the year supports a nice bump.
I suspect the month of May may be interesting. Q1 numbers are digested, 2018 projections are verified, and some light is cast on macro issues on oil pricing (refineries kick into high gear, Iran deal, OPEC+ deal, and US production/oil rig numbers stabalizes).