Top 10 energy stocks to explore in US

Summary

  • TPL’s revenue for the quarter ended March 31, 2021, was US$84.16 million compared to US$96.59 million in the corresponding period of 2020.
  • PXD’s total revenue for the quarter ended March 31, 2021, was US$3.06 billion, up 52%, compared to US$2.01 billion in the corresponding period of the previous year.
  • CLR’s net income applicable for common shareholder was US$259.6 million in Q1 compared to a net loss of US$185.7 million in the March quarter of 2020.

Energy stocks have seen a rebound in recent times after the easing of covid restrictions. The performance of oil and gas companies are closely linked to the economy, and as such, they have benefitted the most from the resumption of economic activities.

The Biden administration’s massive fiscal boost for the infrastructure sector acted as a stimulus to the dropping morale of the industry reeling under the twin blow of the pandemic and production constraints.

Here are 10 hot energy stocks to explore in the US now.

Texas Pacific Land Corp (NYSE: TPL)

It is a US$12 billion company. TPL around 880,000 acres of land in Texas, making it one of the largest landowners in the state. Its revenue comes from oil and gas sales, water royalties, commercial leases, etc.

TPL’s revenue for the quarter ended March 31, 2021, was US$84.16 million compared to US$96.59 million in the corresponding period of 2020.

Its net income per common share/sub-share certificate, basic and diluted, was US$6.45 and US$7.40 at the end of March 31, 2021, and 2020, respectively.

It reported reserves of US$ 310.66 million in cash and cash equivalents in the March quarter of 2021, compared to US$281 million in the December quarter of 2020.

Its share price has grown by 140% in the last one year to close at US$1539.5 on June 15, 2021.

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Magellan Midstream Partners Ltd. (NYSE: MMP)

It is a US$11.79 billion company. This Oklahoma-based company operates pipeline and storage terminals in the US. Its revenue was US$661.07 million in the quarter ended March 31, 2021, while the revenue was US$782.8 million for the same period in the previous year. Its net income was US$221.32 million, compared to US$287.56 in the year-ago quarter.

Cash and cash equivalent at the end of the quarter was US$4.07 million. Its share price has grown around 15% in the last one year. It closed at US$52.62 on June 15, 2021.

Exxon Mobil Corp (NYSE: XOM)

It is a US$272.9 billion oil and gas company. It explores, produces, and refines oil across the world. It is the world’s largest refiner with a capacity of producing 4.8 million barrels per day.

Total revenue logged for the quarter ended March 31, 2021, was US$59.15 billion, up 5% YoY.

Net income reported for the quarter ended March 31, 2021, was US$2.73 billion, compared to a net loss of US$610 million in the same quarter of the previous year.

Its liquidity reserves were US$3.515 billion at the end of Q1. The stock price jumped nearly 34% in the past one year. Its closing price on June 15, 2021, was US$ 64.33.

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ConocoPhillips (NYSE: COP)

It is an US$83.23 billion company based in Texas. Its total revenue and other incomes in Q1 were US$10.56 billion, compared to US$4.8 billion in the same quarter of the previous year. It logged a net income of US$982 million, compared to a net loss of US$1.74 billion in Q1 of 2020.

Its liquidity reserves were US$2.83 billion at the end of Q1 in March 2021. The stock saw 36% growth over the past year. The share closed at US$61.17 on June 16.

Source: Pixabay.

Pioneer Natural Resources Company (NYSE: PXD)

It has a market cap of US$39.26 billion. This Irving, Texas-based organization is another major oil and gas exploration company with key production sites in the Permian basin.

Its total revenue for the quarter ended March 31, 2021, was US$3.06 billion, up 52%, compared to US$2.01 billion in the corresponding period of the previous year. It booked a net loss of US$70 million attributable to common shareholders for the quarter ended March 31, compared to a net income of US$291 million for the same quarter in 2020.

Cash and cash equivalent and restricted cash were valued at US$724 million at the end of March quarter. Its share price rose by 67% in the past year. It closed at US$97.06 on June 16.

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Western Midstream Partners (NYSE: WES)

It is a US$9.67 billion oil and gas company headquartered in Woodlands, Texas.

WES’ total revenue for the quarter ended March 31, 2021, was US$674.97 million compared to US$774.31 for the same period in the previous year.

Its net income attributable to common shareholder was US$190.48 million compared to the net loss of US$260.33 million for the same period in the previous year. Its liquidity reserve was US$52.5 million at the end of the quarter.

Its share price has grown by 98% in the past year. Its closing price on June 15 was US$22.75.

Continental Resources, Inc. (NYSE: CLR)

It is an Oklahoma-based oil and gas producer. Its market cap stands at US$13.39 billion. Its total revenue was US$1.22 billion for the quarter ended 31, 2021. Total revenue was US$862.7 million for the same period of the previous year.

Net income applicable for common shareholder was US$259.6 million in Q1 compared to the net loss of US$185.7 million for the March quarter of 2020.

Cash and cash equivalents were US$96.06 million, down 81% YoY. CLR share price has grown by a whopping 101% in the last one year. Its closing price on June 16 was US$36.79.

Source: Pixabay

Cheniere Energy, Inc. (AMEX: LNG)

It operates a liquified natural gas terminal and has a market capitalization of US$22.23 billion.

Its Q1 revenue rose from US$2.71 to US$3.09 billion YoY. Net income attributable to the common shareholders was US$393 million compared to US$375 in the March quarter of 2020.

Total cash & cash equivalent and restricted cash amounted to US$2.40 billion at the end of the quarter. Its share price has increased by nearly 82% in one year. This oil and gas transmission company share closed at US$88.47 on June 15, 2021.

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Chesapeake Energy Corp (CHK)

It is based in Oklahoma. This energy company is engaged in acquiring, exploring, and developing properties to produce oil, gas, and natural gas liquids.

Its market cap is US$5.32 billion. Its total revenue reported for the quarter ended March 31 was US$1.14 billion compared to US$2.52 for the same period of 2020. Net income was US$5.68 billion compared to a net loss of US$8.32 in the corresponding quarter last year. Cash and cash equivalent were US$408 million.

The stock price grew 24% since February 10. It closed at US$55.96 on June 16.

EOG Resources, Inc. (NYSE: EOG)

It is one of the largest oil and gas companies, with proven reserves in the US, China, and Trinidad. Total revenue was US$3.69 billion at the end of March quarter compared to US$4.72 for the same period in 2020. Net income reported for the same period was US$677 million compared to US$10 million in the previous year for the corresponding quarter.

Its liquidity reserves were US$3388 million at the end of Q1. Its share price has grown by 63% in the past year. Its closing price on June 16 was US$85.6.

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