Five oil and gas stocks under US$35 with over 370% YTD return

Highlights

  • The Aemetis, Inc. (NASDAQ: AMTX) stock gained more than 575% YTD.

  • Vertex Energy, Inc. (NASDAQ: VTNR) stock rose around 603% YTD.

  • SM Energy Company’s (NYSE: SM) total revenue was US$563.84 million in Q2, FY21.

The oil and gas sector has been on investors' radar this week as prices surged to multi-year highs. Brent and WTI crude prices continued their climb on Friday following a dip the previous day on the news that the US was considering options to release crude from its strategic reserves to calm the price rise. In addition, Russia said that it would provide natural gas supplies to Europe, where the markers have been reeling under a supply crunch.

Here we explore five cheap oil and gas stocks that gave more than 370% YTD return.

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Aemetis, Inc. (NASDAQ: AMTX)

Aemetis is a renewable, natural gas, and biochemical company based in Cupertino, California. It acquires and develops technologies to replace conventional petroleum products.

The stock traded at US$19.04 at 11:32 am ET on Oct 8, down 0.73% from its previous closing price. The stock rose by 575.35% YTD. It has a market cap of US$601.78 million and a forward P/E one year of -10.20. Its EPS is US$-2.30. The 52-week highest and lowest stock prices were US$27.44 and US$1.96, respectively. Its trading volume was 1,604,289 on October 7.

Its revenue was US$54.88 million in Q2, FY21, compared to US$47.82 million in the same quarter of the prior year. It reported a net loss of US$10.55 million, or US$0.34 per diluted share, compared to an income of US$2.19 million, or US$0.10 per diluted share in Q2, FY20.

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Top oil and gas stocks: Aemetis (AMTX), Vertex (VTNR), SilverBow (SBOW), SM Energy (SM), and Centennial (CDEV).

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Vertex Energy, Inc. (NASDAQ: VTNR)

Vertex Energy is a Houston, Texas-based petroleum refining company. It has interests in recycling industrial waste streams and commercial chemical materials.

The stock was priced at US$5.26 at 11:50 am ET on October 8, down 1.31% from its previous closing price. The VTNR stock rose 603.17% YTD. The market cap is US$323.88 million, and the forward P/E one year is -31.35. Its EPS is US$-0.59. The 52-week highest and lowest stock prices were US$14.32 and US$0.40, respectively. Its share volume on October 7 was 1,368,295.

Its revenue was US$65.19 million in Q2, FY21, compared to US$21.37 million in the year-ago quarter. Its net loss was US$15.95 million versus a loss of US$8.88 million in Q2, FY20.

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SilverBow Resources, Inc. (NYSE: SBOW)

SilverBow is an independent oil and gas company based in Houston, Texas. It has interests in the exploration and production of oil and natural gas.

Its shares traded at US$29.05 at 11:57 am ET on October 8, up 4.61% from its previous closing price. The stock surged 406.75% YTD. It has a market cap of US$371.38 million, a P/E ratio of 33.84, and a forward P/E one year of 3.21. Its EPS is US$0.86.

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The 52-week highest and lowest stock prices were US$30.69 and US$4.07, respectively. Its trading volume was 249,577 on October 7.

The company recently announced the closing of its previously announced all-stock transaction to acquire Eagle Ford. However, it did not reveal the seller from whom the stocks were acquired. The aggregate purchase price for the assets was US$33 million.

Its revenue was US$69.86 million in Q2, FY21, versus US$24.84 million in the prior year's Q2. It reported a net loss of US$19.95 million against a loss of US$305.97 million in Q2, FY20.

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SM Energy Company (NYSE: SM)

SM Energy is an independent energy firm that focuses on the exploration and production of oil, gas, and natural liquids (NGLs). It is based in Denver, Colorado.

The stock was priced at US$30.52 at 12:07 pm ET on October 8, up 0.69% from its previous closing price. The SM stock jumped 376.57% YTD.

The market cap is US$3.71 billion, and the forward P/E one year is 131.78. Its EPS is US$-6.37.

The 52-week highest and lowest stock prices were US$30.94 and US$1.34, respectively. Its share volume on October 7 was 3,365,572.

Its total operating revenue and other income in Q2, FY21 was US$563.84 million compared to US$169.63 million in the year-ago quarter. Its net loss was US$222.99 million against US$89.25 million in Q2, FY20.

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US is considering options to release crude from its strategic reserves to reduce price pressure.

Source: Pixabay

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Centennial Resource Development, Inc. (NASDAQ: CDEV)

Centennial Resources is an oil and natural gas company based in Denver, Colorado. It develops oil and natural gas reserves.

Its shares traded at US$7.26 at 12:14 pm ET on October 8, up 2.40% from its last closing price. Its stock value grew by 379.05% YTD.

The firm has a market cap of US$2.03 billion and a forward P/E one year of 13.38. Its EPS is US$-0.72. The highest and lowest stock prices for the last 52 weeks were US$7.57 and US$0.53, respectively. Its trading volume was 6,369,113 on October 7.

The net revenue of the company was US$232.57 million in Q2, FY21, compared to US$90.50 million in the same quarter of the previous year. Its net loss came in at US$25.05 million, compared to an income of US$5.33 million in the second quarter of fiscal 2020.

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Bottomline

On Wednesday, US Energy Secretary Jennifer Granholm said the US administration was considering releasing crude from its strategic reserves to stop the oil price rise. On Friday, Brent rose 1.23% to US$82.96, while Crude futures rose 1.71% to US$79.64 at 11:19 am ET. However, investors should apply due diligence before investing in the stock market.

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