The American company engaged in oil and gas exploration and production recovers from last slumps with a high growth potential.

The company involved in energy-related products increased its midstream services during the last fiscal year. Its operations in North America, its only market, grew 20% in 2013 and a similar rate is anticipated for the current financial period. An EBITDA of USD 2.4 million should be registered by the end of the year for earnings as high as USD 830 million. Even if borrowings could slightly rise, the leverage should fell from 0.97 to only 0.85 this year. According to Thomson-Reuters’ analysts covering this company, the EPS should emerge to $2.37 per share for 2014 and $2.56 per share for 2015.

Technically, the stock evolves within a rising wedge started back on 2012. Stock prices came back to USD 44.9, level that matches with both the short term resistance and the lower bound of the ascending pattern. The 20-week moving average seems supporting the equity quotations and could be the key point for a seemingly upturn. Thus, the USD 48.9 resistance could be reached at any moment.

Investors could, consequently, take a long position at current prices, hence targeting USD 48.9. However, the rally will be confirmed once the USD 46.8 resistance exceeded. A stop loss could be placed below the support line at USD 43 that is being tested at present.