Do Hercules Offshore Inc (HERO), Linn Energy LLC (LINE) and ON Semiconductor Corp (ONNN) Offer Good Investment Potential?
New York, NY – GDP INSIDER – 03/18/2015.
This article discusses three companies: Hercules Offshore Inc (NASDAQ:HERO), Linn Energy LLC (NASDAQ:LINE) and ON Semiconductor Corp (NASDAQ:ONNN)
Hercules Offshore Inc (NASDAQ:HERO) reversed its downward trend yesterday by closing up 13.40% or $0.05 at $0.4231 with more than 6.6220 million shares changing hands, compared to its three month average trading volume of 4.069 million. The shallow water drilling and marine services provider is already down 57.68% so far this year, as the company has been hard hit by the collapsing price in oil with a Middle East contract cancelled and has been cutting jobs in an attempt to curb costs. Unless oil recovers, the best option is to sell at this time.
Linn Energy LLC (NASDAQ:LINE) had a slow trading day yesterday with the stock rising 0.82% or $0.09 to close at $11.02 on light trading of 1.953 million shares, compared to its three month average trading volume of 4.328 million. The independent oil and natural gas developer has been performing well this year with the stock up 8.78% YTD, outperforming the S&P 500, which is only up 0.74% for the same period. With a one year target estimate of $11.92 the stock still has further upside potential and is a hold for now.
ON Semiconductor Corp (NASDAQ:ONNN) declined slightly yesterday to close down 1.40% or $0.18 at $12.66 on lighter than average trading volume of 4.504 million shares. The silicon solutions electronics supplier is already up 24.98% so far this year and the stock got an additional boost on Monday, after ON Semiconductor Corp announced the introduction of two new cascade transistor power devices in partnership with Transphorm Inc of Japan. With the semiconductor industry currently enjoying a boom, ON Semiconductor Corp looks well positioned for further gains making it a hold with a view to buy.
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