I Know First Review

The stocks selected here are the top performing stocks from I Know First: Daily Market Forecast’s April 8th, 2016 stock forecast titled “Best Energy Stocks to Buy: Returns up to 114.79% in 3 Months.”

This forecast is part of the “Stocks Under 5 Dollars” package, as one of I Know First’s quantitative investment solutions. The “I Know First Average” return was 46.15% over 3 months versus the S&P 500’s return of 4.31% over the same time period.

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Signal: 221.27

Predictability: 0.52

Return: 11.35%

Cenovus Energy Inc. is an integrated oil company based in Canada. It is most well-known for its oil sands assets in northern Alberta. The company also owns the equipment to drill for oil, pipelines to transport the oil, and owns 50% of two US refineries. The company had a signal strength of 221.27 and a predictability indicator of 0.52. In accordance with the algorithm’s prediction, the stock price increased 11.35% over a 3-month span ranging from April 8th to July 8th. This increase was due to the recovering prices of oil in the market.

Signal: 92.67

Predictability: 0.46

Return: 112.29%

Coeur Mining, Inc. is a company that mines precious metals. It is the world’s largest primary silver producer and as well as a major producer of low-cost gold. Its main office is located in Coeur d’Alene, Idaho. The company had a signal strength of 92.67 and a predictability indicator of 0.46. As predicted by the I Know First algorithm, the stock price skyrocketed 112.29%. This increase is due to the soaring prices of silver and gold.

Signal: 71.23

Predictability: 0.52

Return: 11.18%

Contango Oil and Gas Company is involved in acquiring and developing crude oil in the Rocky Mountains and the Gulf of Mexico. The company was incorporated in 2000 and now owns 13 oil wells in the Gulf of Mexico. The company had a signal strength of 71.23 and a predictability indicator of 0.52. The I Know First algorithm was proven correct when the stock price increased 11.18%. This increase was due to the rise in oil prices, the company’s main product.

Signal: 69.99

Predictability: 0.62

Return: 66.35%

ONEOK Inc. engages in the acquisition, transport, and storage of natural gas. The company was founded in 1906 and its headquarters are in Tulsa, Oklahoma. The company had a signal strength of 69.99 and a predictability indicator of 0.62. I Know First’s algorithm correctly predicted an increase of 66.35%. This is due to the issuance of the company’s financial and production outlooks for 2016. The company also announced its dividend will remain flat for the next year.

Signal: 69.36

Predictability: 0.62

Return: 46.56%

EnLink Midstream Partners, LP is a subsidiary of EnLink Midstream Operating, LP and is responsible for the production and transmission of natural gas and crude oil. Founded in Dallas, Texas in 1992, EnLink now owns 9,400 miles of pipelines, 16 natural gas processing plants, 7 fractionators, and 150 trucks. The company had a signal strength of 69.36 and a predictability indicator of 0.62. I Know First forecasted a positive return correctly as the stock price jumped 46.56%. This was a result of a strong first-quarter report, as well as rising oil prices.

Signal: 68.26

Predictability: 0.63

Return: 114.79%

Cliffs Natural Resources Inc. is a major supplier in the production of iron and steel that offers US steelmakers raw materials. Today, Cliffs Natural Resources Inc. is also the largest iron ore producer of pellets in North America, while being one of the most cost-effective producers in the world. The company had a signal strength of 68.26 and a predictability indicator of 0.63. In accordance with the algorithm’s prediction, the stock price increased 114.79%. This is due to the expected increase in the price of steel, as well as the company trying to reduce debt and their reopening of a mine ahead of schedule.

Signal: 62.66

Predictability: 0.57

Return: 48.39%

Founded in 1951, Denbury Resources Inc. is a company that engages in the exploration and production of natural gases and petroleum. The company had a signal strength of 62.66 and a predictability indicator of 0.57. The I Know First algorithm accurately predicted a positive return of 48.39%. The positive return was due to first quarter earnings being higher than analysts’ expectations.

Signal: 61.35

Predictability: 0.64

Return: 16.88%

Evolution Petroleum Corporation is a company that purchases and develops land for the production of crude oil and natural gas in the United States. Founded in Houston, Texas in 2003, Evolution Petroleum Corporation now owns 13,636 acres of land in Delhi Field, Louisiana. The company had a signal strength of 61.35 and a predictability indicator of 0.64. The stock price rose 16.88% during the second quarter as predicted by I Know First’s algorithm. This increase was a result of the increase in crude oil prices during the second quarter of 2016.

Signal: 59.86

Predictability: 0.56

Return: 12.09%

Ultrapar Participações S.A. is involved mainly in the distribution of fuel. The company also stores fuel and own drugstores. It’s headquartered in Sao Paulo, Brazil and was founded in 1937. Ultrapar has operations in Brazil, the US, Mexico, Uruguay, and Venezuela. The company had a signal strength of 59.86 and a predictability indicator of 0.56. UGP’s stock price increased 12.09% as indicated by I Know First’s algorithm. This was a result of rebounding oil prices and strong first quarter earnings.

Signal: 59.77

Predictability: 0.63

Return: 21.62%

Vale S.A. is involved in researching, producing, and selling of iron ore, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. It also runs hydroelectric plants and produces steel. The company was founded in 1942 and is headquartered in Rio de Janeiro, Brazil. The company had a signal strength of 59.77 and a predictability indicator of 0.63. The stock price increased 21.62% as predicted by the algorithm. This was a direct result of rising iron ore prices, a vital product of Vale S.A..

Business Disclosure: I Know First Research is the analytic branch of I Know First, a financial startup company that specializes in quantitatively predicting the stock market. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this article. Read More From I Know First Research: