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Nobody knows when oil prices will rebound. About the only thing most analysts agree on is that eventually they will.

Now might be a good time to begin scouting out bargains and “most likely to succeeds.” First, a quick take on why many analysts see a rise in oil prices as soon as this year.

Oil Well

Positive Signs

Growing demand in the East, including not only China but India and Vietnam will spark demand, according to Stephen Leeb, president of Leeb Asset Management and publisher of The Complete Investor newsletter.

Stewart Glickman, analyst at S&P Capital IQ, predicts a range of $30 to $50 a barrel for WTI in 2016. Although Glickman expects non-OPEC production growth (year-over-year) to roll into negative territory sometime in 2016, he said a major supply shock and a depreciating U.S. dollar could upend that theory.

Meanwhile here are a dozen energy sector stocks analysts like for the upcoming year.

A “Buyer’s” Dozen

At least 70% of analysts polled by FactSet rated the following stocks a “buy.”

Oil and gas producer, Anadarko Petroleum Corp. (NYSE:APCC) , has a consensus analyst target of $79.30, an implied 12-month potential upside of 59% and was rated “buy” by 79% of analysts polled by FactSet.

Consensus target for EQT Corp. (NYSE:EQTC), another producer, is $82.00, representing an implied 12-month upside potential of 55%. EQT received a “buy” from 77% of FactSet polled analysts.

Oilfield services equipment provider, Baker Hughes Corp. Stock not found BHI has a consensus price target of $67.00 and received a “buy” rating from 76% of analysts polled by FactSet.

Newfield Exploration Co. (NYSE:NFXC)’s implied 12-month potential upside is 38%, based on a consensus price target of $45.00. NFX received a “buy” rating from 71% of analysts polled.

Services and equipment Halliburton Corp. (NYSE:HALC) has a consensus price target of $46.10 with an implied 12-month potential upside of 34%. HAL received a "buy" rating from 73% of analysts polled.

Pioneer Natural Resources Co. (NYSE:PXDC), a producer, has a consensus price target of $164.78 an implied 12-month potential upside of 32%. PXD garnered a “buy” rating by 73% of analysts polled by FactSet.

Well-known refiner, Marathon Petroleum Corp. (NYSE:MPCA) has a consensus price target of $68.06 and a 30% implied 12-month potential upside. A whopping 85% of analysts rated Marathon a “buy.”

The implied 12-month potential upside for Schlumberger NV (NYSE:SLBC) is 29%, based on a consensus price target of $90.67. Of analysts polled 82% gave the stock a “buy” rating.

Another refiner, Valero Energy Corp. (NYSE:VLOA) has a consensus price target of $79.11 and an 11% implied 12-month potential upside. An impressive 81% of FactSet polled analysts rated Valero a “buy.”

A recent Jefferies research note included RSP Permian (:RSPPN/A) (along with Anadarko Petroleum and Pioneer) in its short list of stocks to buy pending a return to $50 oil. Jefferies and others believe the company could be a takeover target.

Jefferies price target for RSP Permian is $33. The consensus is $31.90 according to 24/7 Wall St.

Finally, in the “odd man out” department, Stewart Glickman continues to maintain a "buy" rating on Exxon Mobil Corp. (NYSE:XOMC). He did reduce his target from $96 to $88 and cut his earnings projection for 2016 to $2.90.

Glickman also likes Occidental Petroleum (NYSE:OXYC), posting a “buy” rating and a 12-month price target of $78 per share. Occidental’s stock is down to $68 from a 52-week high of $83.74.

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