The Land Report

2018.4

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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MarketWatch A National Roundup of Rural Real Estate News COMPILED BY STEPHEN O'KEEFE, CFA PACIFIC Calavo Growers Tumbles, and Wm. O'Neil Says Buy Down nearly one-third from September highs, Wall Street expects CVGW to have 21% earnings growth in 2019 and gives it a price target of $84, up 17%. WEST Denver's SM Energy Primed After falling more than 50% over the last six weeks, analysts have lowered price targets for SM to an average of $30, up more than 100% from the current trading range. GREAT PLAINS How Long Can Titan Stay Down? In November, Fargo- based Titan Machinery stunned Wall Street by reporting quarterly earnings up 145%. Since then, TITN has dropped 30% to $13.86. Analysts average target? $24. SOUTHWEST Time to Buy Fracking Stocks? The recent nosedive in crude prices has rocked shale drillers such as Diamondback Energy, which is off 33%. Wall Street analysts set a $151 price target for FANG, up 58%. MIDWEST Analysts Predict Robust Upside for CF Based in the Chicago suburb of Deerfield, this nitrogen fertilizer manufacturer has pulled back 25% in recent months. Analysts target a 34% move to $57. SOUTH Vulcan Materials Trading at Multi- Year Lows Valuations are attractive for Birmingham-based VMC, especially in light of the $305 billion FAST Act, which was passed in 2015 to rebuild and enhance US highways. GREAT LAKES Northern Oil & Gas Beats the Street Six Straight Quarters 7 out of 8 Wall Street analysts rate NOG a Buy. The company's non-operator strategy enables it to diversify risk in prolific areas of the Williston Basin. NORTHEAST Insiders Buying Consol Coal Resources An MLP with an undivided interest in a highly automated mining complex, CCR has a price target of $21.17, up more than 25% from current levels. 22 L ANDREP ORT.COM e LandReport | WINTER 20 18

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