Five hot energy stocks under US$1

Summary

• Borr Drilling Limited reported total operating revenue of US$48.4 million and a net loss of US$58.1 million in Q1, 2021.
• Falcon Minerals Corporation’s stock prices increased by 32.61% YTD.
• Evolve Transition Infrastructure reported revenue of US$57 million in the year 2020.

Oil prices have gone up by 50% this year after the US economy recovered following widespread vaccination. And all businesses are back. However, the spread of the delta variant of coronavirus has created some panic. Some OPEC members, including Russia and Saudi Arabia, have different opinions on increasing oil and gas production.

The OPEC is expected to announce its decision on the matter after its meeting on Thursday. Meanwhile, energy stocks, including oil and gas companies, were performing well at the stock markets. Here were explore five energy stocks that are under US$1.

Borr Drilling Limited (NYSE: BORR)

Borr Drilling Limited is a drilling company that owns and operates specialized and modern drilling machines. And it provides service to the oil and gas exploration companies.

Source: Pixabay

Its stock traded at US$0.7892 at 12.45 pm ET on June 29, up by 0.43% over the previous closing price. Its stock prices decreased by 2.56% YTD. They decreased by 31.96% YoY. Its market capitalization is US$215 million. Earnings per share are US$-1.67. The beta ratio is 4.46. The highest 52-week stock price is US$1.67, and the lowest is US$0.37. The available share volume is 2,272,743.

Also read: Top energy stocks to explore before oil hits US$100

The company reported total operating revenue of US$48.4 million and a net loss of US$58.1 million in Q1, 2021, which ended on March 31. It reported an adjusted EBITDA of US$10.6 million. The company and its drilling JVs received a total of new 17 contracts in this quarter.  

Falcon Minerals Corp Warrant (NASDAQ:FLMNW)

Falcon Minerals Corporation Warrant works on mineral and oil and gas projects in Texas, Ohio, West Virginia, Pennsylvania.

Its stock traded at US$0.1972 at 12.58 pm ET on June 29, up by 9.56% over the previous closing price. Its stock prices increased by 32.61% YTD. They increased by 119% YoY. Its market capitalization is US$439 million. Earnings per share are US$-1.67. The beta ratio is 1.23. The highest 52-week stock price is US$0.32, and the lowest is US$0.07. The available share volume is 2,430.

It reported a net income of US$0.5 million in Q1, 2021, which ended on March 31. Adjusted EBITDA is US$9.5 million. The company declared a dividend of US$0.10 per share, and that is a 33% increase over the previous quarter.

Also read: 10 Hot Green Stocks To Explore This Summer

Evolve Transition Infrastructure (AMEX: SNMP)

Evolve Transition Infrastructure develops infrastructure critical for energy supply. It owns gas gathering systems, processing facilities, and pipelines in South Texas.

Its stock traded at US$ $0.8966 at 1.14 pm ET on June 29, up by 9.56% over the previous closing price. Its stock prices increased by 32.61% YTD. They increased by 119% YoY. Its market capitalization is US$50 million. Earnings per share are US$-4.67. The beta ratio is -0.35. The highest 52-week stock price is US$1.77, and the lowest is US$0.26. The available share volume is 1,584,306. 

The company reported revenue of US$57 million in the year 2020. And US$45.5 million came from midstream activities.

Source: Pixabay

Camber Energy, Inc (AMEX: CEI)

Camber Energy, Inc., through its majority-owned subsidy Viking Energy Group, owns interests in oil and gas assets in the Gulf region.

Its stock traded at US$$0.63 at 2.15 pm ET on June 29, down by 0.16% over the previous closing price. Its stock prices decreased by 75.31% YTD. They decreased by 47% YoY. Its market capitalization is US$37 million. The beta ratio is 1.26. The highest 52-week stock price is US$3.10, and the lowest is US$0.46. The available share volume is 2,939,610. 

Also read: Why are crude oil prices on fire in 2021?

CEI’s majority-owned subsidiary, Viking Energy Group, Inc., reported revenue of US$10.4 million in Q1, 2021, which ended on March 31.

Superior Drilling Products, Inc. (AMEX: SDPI)

It designs and manufacturers superior drilling products that are used by oil and gas exploration companies.

Its stock traded at US$0.8801 at 2.30 pm on June 29, down by 2.21% over the previous closing price. Its stock prices increased by 46.73% YTD. They increased by 18.29% YoY. Its market capitalization is US$22 million. The beta ratio is 1.09. The highest 52-week stock price is US$1.44, and the lowest is US$0.32. The available share volume is 35,879.  The forward P/E 1-year ratio is -6.92. Earnings per share are -0.19.

Also read: What is coking coal, and where is it used?

The company reported revenue of US$2.4 million in Q1, 2021, which ended on March 31. It is a 9% growth YoY. As the US economy is recovering, the company’s revenue is also growing. Tool revenue grew by 84% YoY. It has US$2.3 million of cash at the end of the quarter.

Gran Tierra Energy Inc. (AMEX: GTE)

Gran Tierra Energy focuses on oil and gas exploration, production, and development in South America.

Its stock traded at US$0.7199 at 4.05 pm on June 29, down by 2.20% over the previous closing price. The highest 52-week stock price is US$1.23, and the lowest is US$0.18. The available share volume is 3,287,328.  Earnings per share are -1.53. The beta ratio is 2.24.

The company recorded a net loss of US$37422 or US$0.10 per share in Q1, 2021, which ended on March 31. It was US$251,626 or US$0.69 in Q1, 2020. Total oil sales were US$95493 in Q1, 2021, and that was US$86079 in Q1, 2020. 

Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.