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Highlights:
- ConocoPhillips (NYSE: COP) will report its first-quarter fiscal 2022 earnings on May 5.
- EOG Resources, Inc. (NYSE: EOG) will report its first-quarter results on May 6.
- Devon Energy Corporation (NYSE: DVN) to report its Q1 FY2022 results on May 2.
The oil and gas industry has been in focus as the Ukraine crisis threatened to disrupt global supplies. US President Joe Biden has recently announced to release around one million barrels of oil daily from the country’s strategic reserve to meet a possible shortfall.
The following are the top S&P 500 oil and gas stocks worth exploring amid high energy prices.
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ConocoPhillips (NYSE: COP)
ConocoPhillips is a natural gas liquids firm engaged in the hydrocarbon exploration and production, and transportation of oil and natural gas. The company is based in Houston, Texas,
Its shares traded at US$102.09 at 12:33 pm ET on March 31, up 0.98% from their closing price of March 30. Its stock value increased by 90.86% over the past 12 months.
The firm has a market cap of US$132.68 billion, a P/E ratio of 16.89, and a forward one-year P/E ratio of 9.39. Its current yield is 1.83%, and its annualized dividend is US$2.28.
The 52-week highest and lowest stock prices were US$107.52 and US$47.85, respectively. Its trading volume was 6,069,241 on March 30.
The company will report its first-quarter fiscal 2022 earnings results on May 5, at 12:00 pm ET.
In the fourth quarter of fiscal 2021, the company's total revenue and other income were US$15.96 billion, while its attributable net income came in at US$2.62 billion, or US$1.98 per diluted share. For fiscal 2021, its total revenue and other income were US$48.34 billion.
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EOG Resources, Inc. (NYSE: EOG)
EOG Resources is a crude oil and natural gas company based in Houston, Texas. It focuses on exploring, developing, producing, and selling crude oil, natural gas liquids, and natural gas.
The stock traded at US$122.31 at 12:48 pm ET on March 30, up 1.01% from its previous closing price. The EOG stock rose 66.95% over the past 12 months.
The market cap of the company is US$71.81 billion, the P/E ratio is 15.37, and the forward one-year P/E ratio is 9.62. Its current yield is 2.49%, and its annualized dividend is US$3.00.
The stock saw the highest price of US$124.89 and the lowest price of US$62.81 in the last 52 weeks. Its share volume on March 29 was 2,788,704.
The company will report its first-quarter fiscal 2022 results on May 6, before the opening bell.
Meanwhile, in the fourth quarter of fiscal 2021, the company's revenue more than doubled to US$6.04 billion, while its GAAP net income came in at US$1.98 billion, or US$3.39 per diluted share. For fiscal 2021, the company's net revenue was US$18.64 billion.
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Pioneer Natural Resources Company (NYSE: PXD)
Pioneer Natural Resources is a hydrocarbon exploration firm engaged in the production of oil, natural gas liquids, and gas. It is based in Irving, Texas.
The shares of the company traded at US$256.235 at 1:02 pm ET on March 31, down 0.66% from their closing price of March 30. Its stock value grew 62.4% over the past 12 months.
The firm has a market cap of US$62.21 billion, a P/E ratio of 31.05, and a forward one-year P/E ratio of 10.72. Its current yield is 0.98%, and its annualized dividend is US$2.48.
The 52-week highest and lowest stock prices were US$260.00 and US$133.73, respectively. Its trading volume was 1,934,771 on March 30.
The company's total revenue and other income were US$4.31 billion in Q4, FY21, while its net income attributable to common shareholders was US$763 million, or US$2.97 per diluted share. For fiscal 2021, the company's revenue and other income were US$14.64 billion.
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Devon Energy Corporation (NYSE: DVN)
Devon is an energy company specializing in exploring, developing, and producing oil, natural gas, and natural gas liquids. It is based in Oklahoma City, Oklahoma.
The stock traded at US$60.65 at 1:05 pm ET on March 30, up 0.15% from its previous closing price. The DVN stock surged 177.16% over the past 12 months.
The market cap of the company is US$40.42 billion, the P/E ratio is 14.59, and the forward one-year P/E ratio is 9.09. Its current yield is 6.61%, and its annualized dividend is US$4.00.
The stock saw the highest price of US$63.26 and the lowest price of US$20.14 in the last 52 weeks. Its share volume on March 29 was 7,610,588.
The company will release its first-quarter fiscal 2022 financial results on May 2, after the market close.
The company reported net revenue of US$4.27 billion in Q4, FY21, while its attributable net income came in at US$1.50 billion, or US$2.23 per diluted share. For fiscal 2021, the company's total revenue was US$12.20 billion.
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Hess Corporation (NYSE: HES)
Hess Corporation is an independent energy firm focused on exploring, developing, and producing crude oil and natural gas. It is based in New York.
The shares of the company traded at US$109.05 at 1:13 pm ET on March 31, up 0.45% from their closing price of March 30. Its stock value soared 53.42% over the past 12 months.
The firm has a market cap of US$33.75 billion, a P/E ratio of 60.54, and a forward one-year P/E ratio of 17.18. Its current yield is 1.39%, and its annualized dividend is US$1.50.
The 52-week highest and lowest stock prices were US$109.88 and US$61.93, respectively. Its trading volume was 1,955,917 on March 30.
The company's total revenue and non-operating income were US$2.25 billion in Q4, FY21, while its net income came in at US$356 million. For fiscal 2021, the company's total revenue and non-operating income were US$7.58 billion.
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Bottom line:
Although the broader equities market has declined in recent sessions, higher energy prices have lifted the S&P 500 energy sector. The S&P Energy index gained 39.60% YTD while increasing 58.07% in the past 12 months, whereas the S&P 500 index fell 3.44% YTD.