Business Corpus: These Top Shale Stocks Are Near Buy Points Ahead Of EarningsContinental Resources, Parsley Energy and Wildhorse Resource Development are near buy points ahead of earnings scheduled for late Tuesday. The post These Top Shale Stocks Are Near Buy Points Ahead Of Earnings appeared first on Investor's Business Daily.

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Top shale stocks Continental Resources (CLR), Parsley Energy (PE) and Wildhorse Resource Development (WRD) are near buy points ahead of earnings scheduled for late Tuesday.

Continental Earnings

Estimates: EPS to soar to 70 cents vs. a break-even year-ago quarter, with revenue up 72% to $1.14 billion.

Results: To be announced after the close.

Stock: Shares weren't active in premarket trading on the stock market today. But shares closed up 0.1% to 62.75 on Monday. Continental, a major player in North Dakota's Bakken shale formation and in Oklahoma, is consolidating with a 70.01 entry point.

Parsley Earnings

Estimates: EPS to jump 720% to 41 cents with revenue more than doubling to $431 million.

Results: TBA

Stock: Shares weren't active early Tuesday, but closed up 1.5% to 31.37 on Monday. Parsley, a big Permian Basin producer, is forming a cup-with-handle base with a 33.35 buy point. Pioneer Natural Resources (PXD), another major Permian player, also reports after the close Tuesday.

Wildhorse Resource

Estimates: EPS soaring 683% to 47 cents with revenue climbing 191% to $204 million.

Results: TBA

Stock: Shares dipped 0.1% early to 23.25. Wildhorse, which operates in southeast Texas and northern Louisiana, is consolidating with a 29.77 buy point.

While oil prices have rallied over the past year, lifting shale stocks, companies in the Permian Basin haven't been able to capture the full benefit.

A lack of sufficient pipeline capacity from the prolific shale play has caused bottlenecks, producing a localized oil glut that has forced companies there to accept lower prices to get their product to customers.

Some shale stocks have shifted their focus away from the Permian and toward other U.S. shale plays with more pipeline capacity.

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