Can UK Oil & Gas Investments PLC (+410%), SuperGroup Plc (+33%) And Moneysupermarket.Com Group PLC (+27%) Keep On Climbing?

It’s not often we see a share five-bagging in 12 months, but then UK Oil & Gas Investments (LSE: UKOG) isn’t your average share. It’s a tiny oil explorer with a market cap of only £41m, whose shares were priced at just a little over 0.5p a year ago.

Then in April 2015 an exciting upgrade to oil estimates at the Horse Hill-1 well in the Weald Basin, in which the company owns a stake of a little over 20%, helped send the shares spiking upwards. The price has been erratic since, but recent updates on 17 February and 1 March on flow tests from the well have given the shares an extra boost to today’s 2.5p.

So can the UK Oil & Gas share price keep on climbing in the year ahead and beyond? Well, we still don’t know what sustainable long-term oil flows might be like at the so-called Gatwick Gusher, or how much of the estimated 9.2bn barrels is likely to be commercially viable, or where the cash for the long-term development of the field is going to come from… but if you’re brave enough, I wish you well.

Glad rags

The fashion business is surely one of the riskiest, as a look at the extremely erratic share price of Supergroup (LSE: SGP) over the past few years will attest. Despite a couple of attempts, the shares haven’t regained their peak of February 2011, and at 1,323p they currently stand almost 25% down from then.

But over the past 12 months we’ve seen a 41% rise — and the past three years of earnings growth coupled with three more years of growth forecasts could even see the shares marked down to a P/E in line with the FTSE 100 average. The current year, to April 2016, is expected to show a 16% rise in EPS, and the pundits have further growth in the teens marked in for 2017 and 2018 too — and we should be seeing a start to dividends too.

There’s a clear buy consensus out there, but fashion is too fickle a business for me to get into.

The best comparison site? (LSE: MONY) shares are up 27% in the past 12 months, to 339p, and up a whopping 268% in five years. Years of strongly-rising earnings lie behind the success story, with today’s results for the year ended December 2015 showing a further 18% rise in adjusted EPS leading to a 14% hike in the annual dividend — the 9.15p payment yielding a middling 2.7%, but rising.

The firm has apparently been trading solidly in the two months since year-end, but earnings growth is forecast to slow a little to around 8% per year for the next two years, putting the shares on P/E multiples that look a bit high to me at around 20 and above.

Moneysupermarket’s share price growth in recent years has been very impressive, but I can’t see it continuing at the same pace — I expect to see it slow down over the next few years.

Investing for growth can be a profitable strategy, but it can be a losing one if you don't plan it carefully and diversify your picks. That's why you need our latest report - A Top Growth Share From The Motley Fool.

It's not a high-risk tiddler. In fact, it has a market cap of around £1.5bn, very little debt, and our top analysts think there could be some handsome rewards for those who invest now.

Want to know more? To discover the name of this opportunity, click here now for your completely free copy of the new report.

Alan Oscroft has no position in any shares mentioned. The Motley Fool UK has recommended We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.