Five hot oil and gas stocks to explore now

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Five hot oil and gas stocks to explore now

 Five hot oil and gas stocks to explore now
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Highlights

  • The SM Energy stock price rose by over 317% over the past 12 months.

  • Callon Petroleum’s revenue jumped around 90% YoY in Q3, FY21.
     
  • Enerplus will release its financial results for Q4, FY21, on February 24.

The oil and gas stocks have been gaining attention lately as prices rise. On Tuesday, oil prices hit a seven-year high, close on the heels of a terrorist attack on oil trucks in the UAE that heightened fears of a likely supply disruption in the coming days.

The attack was carried out by Yemen's Houthi group this week, raising the hostilities between the Iran-aligned group and the UAE. Brent oil futures rose 1.34% to US$87.63, while WTI crude increased 1.74% to US$84.75 on Tuesday morning, the highest level since 2014 end.

Here we explore five oil and gas stocks that returned over 186% in the past 12 months.

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SM Energy Company (NYSE: SM)

SM Energy is an independent energy company based in Denver, Colorado, and engaged in exploring oil, gas, and natural liquids.

The shares of the company traded at US$37.30 at 7:02 am ET on January 18, up 1.80% from their previous close. Its stock value increased by 317.79% over the past 12 months.

The firm has a market cap of US$4.45 billion and a forward one-year P/E ratio of 25.10. Its EPS is US$-4.82. The 52-week highest and lowest stock prices were US$38.25 and US$7.76, respectively. Its trading volume was 1,889,917 on January 14.

The company's total operating revenue was US$760.23 million in Q3, FY21, compared to US$281.01 million in the same quarter of the previous year. Its net income came in at US$85.59 million, against a loss of US$98.29 million in Q3, FY20.

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Oil and gas stocks to explore in the first quarter of 2022

Source: Pixabay

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Callon Petroleum Company (NYSE: CPE)

Callon Petroleum is an independent oil and natural gas firm based in Houston, Texas. It develops oil and gas properties.

The stock traded at US$57.45 at 7:10 am ET on January 18, up 0.79% from its previous close. The CPE stock rose 263.52% in the past 12 months.

Its market cap is US$3.49 billion, and the forward one-year P/E ratio is 6.31. Its EPS is US$-11.20. The stock saw the highest price of US$65.45 and the lowest price of US$12.22 in the last 52 weeks. Its share volume on January 14 was 1,746,589.

The company's total operating revenue was US$552.56 million in Q3, FY21, up around 90% YoY. Its net income came in at US$171.90 million against a loss of US$680.38 million in Q3, FY20.

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Enerplus Corporation (NYSE: ERF)

Enerplus is one of the leading independent oil and gas exploration companies based in Calgary, Canada. It develops oil and natural gas properties in North America.

Its shares traded at US$11.95 at 7:18 am ET on January 18, the same as the previous closing price. The stock gained 227.4% in the past 12 months. It has a market cap of US$3.04 billion and a forward one-year P/E ratio of 9.88. Its EPS is US$-0.51.

The 52-week highest and lowest stock prices were US$11.96 and US$3.07, respectively. Its trading volume was 3,049,087 on January 14. The company is expected to release its financial results for the fourth quarter of FY2021 on February 24 after the closing bell.

The company's total revenue was C$452.27 million (US$361.54 million) in Q3, FY21, compared to C$192.83 million (US$154.15 million) in the year-ago quarter. Its net income came in at C$112.01 million (US$89.54 million) against a loss of C$112.75 million a year ago.

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Oasis Petroleum Inc. (NASDAQ: OAS)

Oasis Petroleum is an oil and gas exploration company focused on acquiring and developing oil and natural gas properties. It is based in Houston, Texas.

The stock traded at US$141.09 at 7:28 am ET on January 18, up 1.58% from its previous close. The OAS stock grew 220.27% over the past 12 months.

The market cap of the company is US$2.74 billion, and the forward one-year P/E ratio is 9.08.

The stock saw the highest price of US$140.71 and the lowest price of US$34.58 in the last 52 weeks. Its share volume on January 14 was 244,717.

The company's total revenue surged 48% YoY to US$402.03 million in Q3, FY21. Its attributable net income was US$71.95 million, compared to a loss of US$55.69 million in Q3, FY20.

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Oil and gas stocks: SM, CPE, ERF, OAS, VET

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Vermilion Energy Inc. (NYSE: VET)

Vermilion Energy is an energy-producing firm based in Calgary, Canada, operating globally. It produces crude oil and natural gas.

The shares of the company traded at US$16.09 at 7:33 am ET on January 18, up 1.58% from their closing price of January 14. Its stock value jumped 186.96% over the past 12 months.

It has a market cap of US$2.57 billion, a P/E ratio of 4.32. Its EPS is US$3.67. The 52-week highest and lowest stock prices were US$15.93 and US$4.34, respectively. Its trading volume was 3,282,909 on January 14.

The company's petroleum and natural gas sales were US$538.53 million in Q3, FY21, compared to US$282.02 million in the year-ago quarter. Its net loss was US$147.13 million, compared to a loss of US$69.92 million in Q3, FY20.

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Bottomline

The S&P Oil & Gas Exploration & Production Select Industry Index rose 55.37% in the past 12 months. Likewise, the S&P 500 energy sector gained 46.36% in the same period, indicating robust gains for the industry helped by rising oil and gas prices. However, investors should closely evaluate the companies before investing in stocks.

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