10 Best Stocks Under $50 to Invest in 2022

In this article, we have listed the 10 best stocks under $50 to invest in for November 2022.

A stock market is a volatile place, with prices rising and falling every day. However, that volatility also provides investors with the opportunity to take advantage of bargains when stocks dip.

As an investor, you know how difficult it can be to find cheap stocks that are also good investments. There are plenty of risky opportunities out there with a high price tag and not much value backing them.

In any market, finding great stocks at attractive prices is key to building a successful portfolio. With so many stocks on the market, it’s not easy finding the right one at the right price.

Fortunately, there are still some best stocks under $50 that won’t break the bank. These companies have solid business models and growth potential.

 

1.  FirstEnergy Corp. (FE:NYE):

Last Closing Price: $36.41

Average Analyst Rating: Buy

See Detailed Analysis; (FE:NYE)

FirstEnergy Corp. (FE:NYE) is a diversified utility company operating in the Midwest and Mid-Atlantic regions of the United States that has been paying dividends since its inception.

As of October 21, FirstEnergy Corp. (FE:NYE) has a forward dividend yield of 4.4% and is trading at 15x PE, one of the best dividend and undervalued stocks to purchase now.

As of September, Morgan Stanley analyst Stephen Byrd reiterated an “Overweight” rating and a $53 price target for FirstEnergy Corp. (FE:NYE).

In Q2 2022, 42 hedge funds were investing in FirstEnergy Corp. (FE:NYE). Their combined worth amounted to $1.78 billion, up from $1.88 billion in the previous quarter.

As of June 30, Icahn Capital LP is the greatest FirstEnergy Corp. (FE:NYE) investor with $728 million in stakes.

 

2.   Trex Company Inc. (TREX:NYE):

Last Closing Price: $44.02

Average Analyst Rating: Buy

See Detailed Analysis; (TREX:NYE)

Leading producers and distributors of wood-alternative decking and railing products include Trex Company, Inc. (TREX:NYE). Because of its size, reputation for quality, and innovative products, the corporation has a significant competitive edge.

Customers are attracted to the company’s products because they are eco-friendly and require less upkeep than conventional wood products. Trex Company, Inc. (TREX:NYE) is in a good position to increase its market share both domestically and abroad.

Trex Company, Inc. (TREX:NYE) has one of the strongest balance sheets in the industry and generates large amounts of cash.

Trex Company, Inc. (TREX:NYE) generates $335 million in free cash flow, making it one of the best stocks under $50 to buy right now.

Trex Company, Inc. (TREX:NYE) shares saw a boost after Deutsche Bank analyst Joe Ahlersmeyer raised his price target for the company from $87 to $80 and maintained a “Buy” rating on October 20, 2018.

Trex Company, Inc. (TREX:NYE) has 36 hedge funds that held $201 million worth of stock at the end of Q2 2022.

Montanaro Asset Management was the greatest institutional holder of Trex Company, Inc. (TREX:NYE) stock, owning $30.7 million worth of shares.

 

3.  Hormel Foods Corporation (HRL:NYE):

Last Closing Price: $44.97

Average Analyst Rating: Buy

See Detailed Analysis; (HRL:NYE)

HRL is a leading manufacturer and marketer of a wide range of food and beverage products. The company has a long track record of success and a proven track record of investing in its business model to create value for shareholders.

The business has a strong balance sheet and a track record of dividend payments. Hormel Foods Corporation (HRL:NYE) has a forward dividend yield of 2.31% as of October 21, in addition to $1.04 billion in free cash flows.

As of September 22, Piper Sandler analyst Michael Lavery revised his price target on Hormel Foods Corporation (HRL:NYE) to $47 from $48 and maintained a “Neutral” rating on the stock.

On the same day, Argus analyst John Staszak reduced his price target on Hormel Foods Corporation (HRL:NYE) to $53 from $54 and reiterated a “Buy” rating on the stock.

At the end of Q2 2022, 27 hedge funds had a bullish position on Hormel Foods Corporation (HRL:NYE) and held $434.5 million in company shares.

Of those, Renaissance Technologies was the largest shareholder and held $140.8 million in company shares.

Additionally, HRL maintains a strong focus on long-term growth, which should help it continue to create value in the future. All in all, HRL is a great investment option with the potential for significant growth. This is one of the best stocks under $50.

 

4.   Vale S.A. (VALE:NYE):

Last Closing Price: 14.33

Average Analyst Rating: Buy

See Detailed Analysis; (VALE:NYE)

Vale is a Brazilian mining company with operations in the Americas, Asia, and Africa. The company has been in operation since 1942 and has a proven track record with a focus on operational excellence. Vale is one of the largest mining companies in the world, with operations in 26 countries and a market capitalization of over $100 billion.

The stock is offering an attractive buying opportunity, and its bargain price is drawing investors’ interest. Vale S.A. (VALE:NYE) has a PE ratio of 3x and a dividend yield of 9.85% as of October 21, 2019.

Vale S.A. (VALE:NYE) produced $11.72 billion in free cash flow in the last twelve months, making it one of the best stocks under $50 to purchase now.

A “Hold” rating was maintained by Deutsche Bank analyst Liam Fitzpatrick on Vale S.A. (VALE:NYE) after he reduced his price target from $20 to $19.

As of June 30, 2022, 27 hedge funds held positions in Vale S.A. (VALE:NYE). The total value of these positions was $1.78 billion.

As of June 30, Fisher Asset Management was the biggest Vale S.A. (VALE:NYE) investor, with shares worth $324.5 million.

 

5.  Murphy Oil Corporation (MUR:NYE)

Last Closing Price: $48.42

Average Analyst Rating: Buy

See Detailed Analysis; (MUR:NYE)

MUR is a leading global provider of oil and natural gas exploration and production services. The company has been in operation since 1916 and has a long track record of success. MUR has a strong focus on operations in the United States, Canada, the United Kingdom, Qatar, and Colombia, which are some of the most profitable areas for oil production.

As of October 21, Murphy Oil Corporation (MUR:NYE) has generated $870.6 million in free cash flows and trades at a PE ratio of 14x, according to a Piper Sandler research note released on October 21.

On October 19, Lloyd Byrne of Jefferies maintained an “Underweight” rating and set a $43 price target for Murphy Oil Corporation (MUR:NYE). The fund has a favorable view of the company.

As per the second quarter of 2022, long positions in Murphy Oil Corporation (MUR:NYE) were held by 27 hedge funds worth $189.3 million, an increase of $167 million from the previous quarter.

As of June 30, Encompass Capital Advisors was the largest holder of Murphy Oil Corporation (MUR:NYE) and had an investment of $31 million in the company.

 

6.  SM Energy Company (SM:NYE):

Last Closing Price: $44.50

Average Analyst Rating: Buy

See Detailed Analysis; (SM:NYE)

SM is an independent oil and gas company with operations in the Rocky Mountains and Midwest regions of the United States and South America. The company has been in operation since 1912 and has a proven track record of success. SM has invested heavily in its assets, and those investments are expected to pay off in the coming years.

Investors have the opportunity to profit from the stock’s downturn at the current attractive value. The company has a dividend yield of 1.35% as of October 21 and is now trading at a PE multiple of 5x.

Through year-end 2024, SM Energy Company (SM:NYE) has authorized $500 million in shared repurchases and $0.60 per share in annual fixed dividends. The corporation generated $968.68 million in free cash flows in 2018. SM Energy Company (SM:NYE) is using its cash resources efficiently and has a strong cash position.

On September 19, KeyBanc analyst Tim Rezvan rated SM Energy Company (SM:NYE) as “Overweight” with a $64 price target. As of October 21, investors have gained 25% over the last six months.

As of Q2 2022, 28 hedge funds held $374.6 million worth of SM Energy Company (SM:NYE) stocks, up from $367.9 million in the previous quarter.

As of June 30, Marshall Wace LLP is the largest shareholder in SM Energy Company (SM:NYE), with $80.8 million in company stock.

 

7.  O-I Glass Inc. (OI:NYE):

Last Closing Price: $16.56

Average Analyst Rating: Hold

See Detailed Analysis; (OI:NYE)

O-I is a leading manufacturer of glass containers for food and beverages. The company has been in business since 1917 and has a long track record of success and continuous innovation. O-I is a great investment option for investors looking for long-term growth.

Recently, the company’s stock price has surged, creating the ideal buying opportunity for value investors. As of October 21, O-I Glass, Inc. (OI:NYE) is trading at a PE multiple of 5x. The stock is considered to be among the best stocks under $50 to buy right now.

On October 11, Citi analyst Anthony Pettinari raised his price target on O-I Glass, Inc. (OI:NYE) from $14 to $15 and maintained a “Neutral” rating on the shares.

In October, BofA analyst George Staphos revised his price target for O-I Glass, Inc. (OI:NYE) from $18 to $17, maintaining a “Buy” rating on the stock.

As of Q2 2022, 26 hedge funds held $228.45 million worth of O-I Glass, Inc. (OI:NYE) stocks, up from $227.42 million in the previous quarter.

Abrams Capital Management is the biggest shareholder of O-I Glass, Inc. (OI:NYE) and holds $97 million worth of stock.

 

8.   Griffon Corporation (GFF:NYE):

Last Closing Price: $30.78

Average Analyst Rating: Strong Buy

See Detailed Analysis; (GFF:NYE)

GFF is a diversified, global manufacturer with operations in four segments. The company operates in industrial products, construction products, as well as aerospace products, and other components. GFF is a great addition to any investor’s portfolio.

The company has a forward dividend yield of 1.17% as of October 21 and is now trading at a PE multiple of 11x.

Raymond James has included Griffon Corporation (GFF:NYE) on its “Analyst Current Favorites” list as of September 8, 2013. The company’s shares have increased by 62.93% over the last 6 months as of October 21.

As of Q2 2022, 21 hedge funds disclosed their holdings in Griffon Corporation (GFF:NYE). The total value of these holdings increased from $139.47 million in the previous quarter to $218.77 million in the present quarter.

GAMCO Investors is the largest shareholder in Griffon Corporation (GFF:NYE) with $95.3 million in company holdings.

 

9.  Northern Oil & Gas Inc. (NOG:NYE):

Last Closing Price: $34.48

Average Analyst Rating: Strong Buy

See Detailed Analysis; (NOG:NYE)

NOG is an oil and gas company with operations in the Willistonshire, Denver-Julesberg, and Powder-Ridge Basins. NOG produces around 43,000 barrels of oil per day from its assets in the Willistonshire Basin.

The stock has increased more than 61% so far this year as of October 21. Currently, one of the best stocks under $50 to buy. Northern Oil & Gas, Inc. (NOG:NYE) also pay dividends to shareholders. The stock has a forward dividend yield of 2.90% as of October 21 and is selling at a PE multiple of 10x.

Piper Sandler analyst Mark Lear raised his target price on Northern Oil & Gas, Inc. (NOG:NYE) from $51 to $59, maintaining an “Overweight” rating on the firm.

On October 19, Lloyd Byrne of Jefferies took coverage of Northern Oil & Gas, Inc. (NOG:NYE) and gave it a price target of $37 with a “Buy” rating.

The company was followed by 19 hedge funds at the end of Q2 2022.

The most noteworthy investor in Northern Oil & Gas, Inc. (NOG:NYE) was Angelo Gordon & Co, which had $31.5 million in stakes.

 

10. AbCellera Biologics Inc. (ABCL:NSD):

Last Closing Price: $10.31

Average Analyst Rating: Strong Buy

See Detailed Analysis; (ABCL:NSD)

AbCellera Biologics Inc. (ABCL:NSD) is a biotechnology company that develops and manufactures therapeutic antibodies. The company has a strong capital position and its stock price is currently attractive. AbCellera Biologics Inc. (ABCL:NSD) is a leading company and among the best stocks under $50 to purchase now, especially if you’re seeking a good return on your investment.

AbCellera Biologics Inc. (ABCL:NSD) has a trailing twelve-month PE ratio of 15x and free cash flows of $286.76 million.

On August 10, Credit Suisse analyst Tiago Fauth lowered his price target for AbCellera Biologics Inc. (ABCL:NSD) to $34 from $40 and maintained an “Outperform” rating. AbCellera Biologics Inc. (ABCL:NSD) has risen 25% over the last six months as of October 21, 2022.

On October 21, 2022, 17 investor portfolios including AbCellera Biologics Inc. (ABCL:NSD) had a total of $320.49 million in holdings. In the previous quarter, 17 investor portfolios had $329.16 million in holdings.

As of June 30, Baker Bros. Advisors is the largest shareholder of AbCellera Biologics Inc. (ABCL:NSD) with $111.29 million in holdings.

 

All of these stocks are great investments that won’t break your budget. For people who want to get started in stock investing, these are all solid companies that have a proven track record of success.

Get the latest analyst ratings and stock price targets at Stock Target Advisor.

Paramount Stock (POU) with a Buy rating and a target price of CAD 40

Stock analysis for Paramount Stock:

Analysts rate Paramount Stock with a consensus Buy rating and a 12-month average target price of CAD 40.96 per share.

According to the stock predictions made by 8 analysts, the average analyst target price for Paramount stock for the upcoming 12 months is CAD 40.96. The consensus of analyst ratings for Paramount Resources Ltd. is Buy. The stock analysis by Stock Target Advisor for Paramount Resources Ltd. is Slightly Bearish and is based on 5 positive and 7 negative indications. The stock price of Paramount Resources Ltd. at the most recent close was CAD 28.86. Over the previous week, the stock price of Paramount Resources Ltd. has changed by +7.09%, over the previous month by +18.28%, and over the previous year by +39.49%.

About Paramount Stock (POU:CA:TSX)

Paramount Resources Ltd. is an independent energy firm that searches for, develops, produces, and sells natural gas, crude oil, and natural gas liquids in Canada. The Montney and Duvernay developments, which are situated in Alberta and British Columbia, respectively, are the company’s primary properties. In both public and private enterprises, it makes investments. Paramount Resources Ltd. was founded in 1976 and is headquartered in Calgary, Canada.

Fundamental Stock Analysis:

Positive Fundamentals:

A large market capitalization.  This organization is one of the biggest in its industry and is in the top quartile. These businesses are more likely to be stable.

Lower debt.  The company is more adaptable, because it is in the top quartile and has less leverage than its competitors.  This can be low at times if the company isn’t expanding and has no room for expansion.

Favourable cash flow.  In the most recent four quarters, the company had positive overall cash flow.

Good free cash flow.  In the most recent four quarters, the company had positive total free cash flow.

Excellent Revenue Growth.  In the preceding five years, this stock’s revenue growth has outperformed that of its industry.

Negative Fundamentals:

High volatility is something we dislike.  This company’s five-year total returns have been erratic and higher above the industry average. Check your risk tolerance before investing in such a stock.

Less than the median total returns.  In the last five years, the company’s annual average total returns have lagged behind those of its competitors.

Expensive relative to profits.  On a price to earnings ratio, the company is trading above the industry median and is trading higher than its rivals.

On a cash flow basis, overpriced. On a price to cash flow metric, the stock is trading above its rivals’ average prices. Its pricing is higher above the average for its industries. If you’re thinking about purchasing, proceed with caution.

Negative return on equity.  In the most recent four quarters, the company management’s return on equity was lower than the median for its peers.

Inadequate use of capital.  In comparison to its peers, the corporate management’s most recent four quarters had a lower-than-average return on invested capital.

Minimal earnings growth.  Compared to its industry, this stock’s 5-year median profits growth was lower.

Analysts rate Baytex Energy Corp(BTE:TSX) with a Buy rating and a target price of $8.68

Baytex Energy Corp Stock Analysis:

Analysts rate Baytex Energy Corp with a consensus Buy rating and a 12-month average target price of $8.68 per share.

Based on the Baytex Energy Corp stock forecasts from 9 analysts, the average analyst target price for Baytex Energy Corp is CAD 8.68 over the next 12 months. Baytex Energy Corp’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Baytex Energy Corp is Slightly Bearish, which is based on 4 positive signals and 5 negative signals. At the last closing, Baytex Energy Corp’s stock price was CAD 6.73Baytex Energy Corp’s stock price has changed by +19.96% over the past week, +1.20% over the past month and +79.47% over the last year.

About Baytex Energy Corp (BTE:CA:TSX)

Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties comprise the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta. The company’s properties also include conventional oil and natural gas assets in Western Canada. As of December 31, 2021, it had proved developed producing reserves of 129 million barrels of oil equivalent (mmboe); proved reserves of 278 mmboe; and proved plus probable reserves of 451 mmboe. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What we don’t like:

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector.

Crescent Point Energy Corp.(CPG:TSX) STA Research raises the target price to $7

Crescent Point Energy Corp. Stock Analysis:

STA Research maintains Crescent Point Energy Corp. with a Hold rating and raises the target price to $7 from $6 on the company’s stock.

Based on the Crescent Point Energy Corp. stock forecasts from 8 analysts, the average analyst target price for Crescent Point Energy Corp. is CAD 15.30 over the next 12 months. Crescent Point Energy Corp.’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Crescent Point Energy Corp. is Slightly Bullish , which is based on 8 positive signals and 6 negative signals. At the last closing, Crescent Point Energy Corp.’s stock price was CAD 9.11Crescent Point Energy Corp.’s stock price has changed by +19.55% over the past week, -6.95% over the past month and +52.34% over the last year.

About Crescent Point Energy Corp. (CPG:CA:TSX)

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil, natural gas liquids, and natural gas reserves in Western Canada and the United States. It’s crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota and Montana. The company was incorporated in 1994 and is headquartered in Calgary, Canada.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What we don’t like:

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector.

Analysts rate Canadian Natural Resources Ltd.(CNQ:TSX) with a Strong Buy rating and a target price of $90.97

Canadian Natural Resources Ltd Stock Analysis:

Analysts rate Canadian Natural Resources Ltd with a consensus Strong Buy rating and a 12-month average target price of $90.97 per share.

Based on the Canadian Natural Resources Ltd stock forecasts from 11 analysts, the average analyst target price for Canadian Natural Resources Ltd is CAD 90.97 over the next 12 months. Canadian Natural Resources Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Canadian Natural Resources Ltd is Neutral, which is based on 6 positive signals and 6 negative signals. At the last closing, Canadian Natural Resources Ltd’s stock price was CAD 68.34Canadian Natural Resources Ltd’s stock price has changed by +11.05% over the past week, -5.44% over the past month and +47.03% over the last year.

About Canadian Natural Resources Ltd (CNQ:CA:TSX)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What we don’t like:

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.