AimHighProfits Oct. 3: FEXN, MCS

Two stocks to follow today with a BREAKOUT Penny Stock Alert coming tomorrow:

FX Energy (NASDAQ: FXEN) was initiated with a Buy and a target price of $9.25 at Brean Murray. Analysts at C.K. Cooper initiated coverage on shares of FX Energy in a research note to investors on Thursday, September 15th. They set a “buy” rating and a $9.00 price target on the stock. With EV/EBITDA of 37.42x, The company has a market cap of $216.7 million and a price-to-earnings ratio of 6.55.

FX Energy, Inc. is an independent oil and gas exploration and production company with principal production, reserves, and exploration activities in Poland and oil production and oilfield service activities in the United States. As of December 31, 2009, the Company held oil and gas exploration rights in Poland in nine separately designated project areas consisting of approximately 4.7 million gross acres. The Company owns a 100% working interest in approximately 3.8 million gross acres. In the United States, the Company produces oil in Montana and Nevada. In Montana, the Company performs, through its drilling subsidiary, FX Drilling Company, Inc., a variety of third-party contract oilfield services, including drilling, workovers, location work, cementing and acidizing.

Shares of FX Energy opened at 4.13 on Monday. FX Energy has a 52 week low of $4.05 and a 52 week high of $12.20. The stock’s 50-day moving average is $5.18 and its 200-day moving average is $7.48.

MetroPCS Communications, Inc. (NYSE:PCS), the pay as you go wireless carrier, was initiated with a Buy at BTIG Research. They set a “buy” rating and a $12.00 price target on the stock. Separately, analysts at Standpoint Research upgraded shares of MetroPCS from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 22nd.

The Thomson Reuters First Call FY2011/FY2012 EPS estimates for PCS are $1.00 cents to $1.22. The company has a market cap of $3.151 billion and a price-to-earnings ratio of 13.80. I consider MetroPCS to be a high-risk stock not suitable for low/moderate-risk investors.

MetroPCS is one of the leading providers of unlimited pre-paid wireless service in the US. They recently added to their product portfolio with the latest release of 4G-based smartphones called “LG Esteem.”

MetroPCS Communications, Inc. (MetroPCS) is a wireless telecommunications provider. The Company offers wireless broadband mobile services under the MetroPCS brand in selected metropolitan areas in the United States over its own licensed networks or networks of entities, in which the Company holds a substantial non-controlling ownership interest. The Company provides a variety of wireless communications services to its subscribers on a no long-term contract, paid-in-advance, flat-rate, unlimited usage basis. As of January 2010, it offers service plans on a flat-rate basis inclusive of applicable taxes and regulatory fees. As of December 31, 2009, the Company had over 6.6 million subscribers.

Shares of MetroPCS opened at 8.705 on Monday. MetroPCS has a 52 week low of $8.59 and a 52 week high of $18.79. The stock’s 50-day moving average is $10.2 and its 200-day moving average is $14.79.

Watch out for tomorrow’s BREAKOUT Penny Stock Alert!

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