Five energy stocks that gave over 100% return in a year

Highlights

• Devon Energy Corporation (NYSE: DVN) has a P/E ratio of 28.81, and a dividend yield of 0.97%.
• Continental Resources, Inc. (NYSE: CLR) has a P/E ratio of 21.31. Its current dividend yield is 1.73%.
  
  
• PDC Energy, Inc. (NASDAQ: PDCE) P/E ratio is 133.8, and the dividend yield is 0.92%.

The energy companies have seen modest growth in the past year, lifted by demand and rising oil prices. The sector is expected to see high traction this year amid a push for renewables.

Meanwhile, this week, the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers led by Russia reiterated that they would maintain the existing production levels.

Here, we discuss five energy stocks that gave more than 100% return in a year.

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Devon Energy Corporation (NYSE: DVN) 

Devon Energy is an independent exploration and production company based in West Sheridan Avenue, Oklahoma. Its assets are in North America.

Devon’s total production averaged 608,000 oil-equivalent barrels (MBoe/d) per day. 

The company reported revenue of US$7.93 billion for the nine months ended Sept 2021, compared to US$3.54 billion in the same period of 2020.

The net income rose to US$1.3 billion or US$1.95 per diluted share against a net loss of US$2.58 billion or US$(6.85) per diluted share for the corresponding period of 2020. 

Devon’s current market capitalization is US$32.57 billion. Its P/E ratio is 28.81, and the forward P/E for one year is 13.98. Its dividend yield is 0.97%, and the annualized dividend is US$0.44.

The stock traded in the range of US$47.97 to US$16.11 in the last 52 weeks and closed at US$47.66 on Jan 4, 2022.

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Continental Resources, Inc. (NYSE: CLR)

The Oklahoma-based Continental explores oil and gas in Texas’ Delaware Basin, North Dakota’s Bakken Shale, and Oklahoma’s Scoop/Stack plays.  

For the nine months ended Sept 30, 2021, the company posted revenue of US$3.79 billion compared to US$1.75 billion a year ago. Its net income was US$918 million or US$2.52 per share diluted against a net loss of US$504.3 million or US$(1.39) per share diluted a year ago.

Continental has a market cap of US$17.61 billion. Its P/E ratio is 21.31, and the forward P/E one year is 10.41. The dividend yield is 1.73%, and the annualized dividend is US$0.80.

The stock price moved in the range of US$55.48 to US$17.47 in the last 52 weeks. The CLR stock closed at US$47.87 on Jan 4, 2022.

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Antero Resources Corporation (NYSE: AR)

The Denver, Colorado-based Antero Resources is engaged in the exploration and production of natural gas and natural gas liquids (NGL) in the US and Canada. 

For the nine months ended Sept 30, 2021, Antero’s total revenues were US$2.18 billion compared to US$2.23 billion in the comparable nine months of 2020.

It booked a net loss of US$1.34 billion or US$(4.89) per share diluted against a net loss of US$1.09 billion or US$(3.55) per share diluted in the corresponding nine months of 2020.

Antero’s current market capitalization is US$5.68 billion, and the forward P/E for one year is 11.22. The stock price moved in the range of US$21.99 to US$5.73 in the last 52 weeks. The stock closed at US$18.07 on Jan 4.

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PDC Energy, Inc. (NASDAQ: PDCE)

PDC Energy is engaged in the exploration and production of crude oil, natural gas, and natural gas liquids. It has operations in the Delaware Basin in Texas and Wattenberg Field in Colorado. The company implements multi-well drilling, extended laterals, and enhanced frac design. 

It earned revenue of US$1.00 billion for the nine months ended Sept 30, 2021, compared to US$1.06 billion in the same period of 2020. Its net income was US$49.2 million or US$0.49 per share diluted against a net loss of US$717 million or US$(7.34) per share diluted a year ago.

Its cash and cash equivalents grew to US$99.9 million as of Sept 30, 2021, versus US$3.82 million as of Sept 30, 2020.

PDC Energy has a market capitalization of US$5.34 billion. Its P/E ratio is 133.8, and the forward P/E one year is 7.07. The dividend yield is 0.92%, and the annualized dividend is US$0.48.

The stock price traded in the range of US$59.00 to US$20.55 in the last 52 weeks. The PDCE stock closed at US$55.4 on Jan 4, 2022.

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Source – pixabay

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Matador Resources Company (NYSE: MTDR)

Matador Resources is a Dallas, Texas-based company engaged in the exploration and development of oil and natural gas resources. 

It is engaged in developing midstream opportunities to enhance its exploration and development business. It uses horizontal drilling, hydraulic fracturing technology, 3-D seismic technology, and advanced formation evaluation to develop basins.

For the nine months ended Sept 30, 2021, it booked revenue of US$1.1 billion compared to US$0.637 billion in the corresponding period of 2020.

The net income was US$370 million or US$3.12 per share diluted against a net loss of US$503 million or US$(4.34) per share diluted in the corresponding period of 2020. 

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Matador Resources has a market capitalization of US$5.01 billion. Its P/E ratio is 18.27, and the forward P/E one year is 10.53. The dividend yield is 0.51%, and the annualized dividend is US$0.20.

The stock traded in the range of US$47.23 to US$12.76 in one year. The MTDR stock closed at US$43.26 on Jan 4, 2022.

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Bottomline

The NYSE Energy Index gave around 38.21% return in a year. The energy sector saw significant disruptions during the lockdowns in 2020 and 2021. However, investors should carefully analyze all the factors before investing in energy stocks.