The Energy sector has been the worst-performing market sector in 2015, and the Energy Select Sector SPDR ETF XLE 1.08% has fallen 20 percent versus the S&P 500’s 1.5 percent gain year-to-date. For the first time in two months, Credit Suisse analysts have updated their top Energy stock picks in eight different subsectors.
Here’s a full list of the names they chose.
1. Alternative Energy: SolarCity Corp SCTY 3.81%
Analyst Patrick Jobin sees the company as a “key beneficiary” in the trends toward residential solar and lower capital costs via use of financial vehicles.
2. Independent Refining: Marathon Petroleum Corp MPC 1.27%
Analyst Ed Westlake believes that the synergy of the company’s recently-acquired Hess Corp. HES 0.06% retail business are “exceeding plans” and is confident that the company will continue to benefit from self-help initiatives.
3. Integrated Oil & Gas: none
Credit Suisse has removed Marathon Oil Corporation MRO 2.88% as a top pick this month and has not replaced it with another pick in the Integrated Oil & Gas space.
4. MLPs: Genesis Energy, L.P. GEL 10.07%
Analyst John Edwards believes that the MLP is defensive in terms of its direct exposure to commodity price weakness and offensive in terms of the distribution growth expected following its recent acquisition of offshore assets from Enterprise Product Partners LP EPD 6.93%.
5. Oil & Gas Exploration & Production: Concho Resources Inc CXO 0.86%
Westlake and Mark Lear believe…
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