Top oil and gas stocks to explore in November

Highlights

• Kinder Morgan, Inc. (NYSE:KMI) expects a net income of US$1.7 billion in fiscal 2021.
  
  
• Occidental Petroleum Corp (NYSE:OXY) will report its Q3 financial results on Nov 4.
  
  
• Exxon Mobil Corp’s (NYSE:XOM) net income was US$6.75 billion in Q3, FY21.

Oil and gas stocks have been in focus in recent days as crude prices climbed, reaching the levels of the pre-pandemic era. Fuel demand has been rising as supply woes deepened. According to industry experts, oil prices increased about 63% this year.

Here we explore five oil and gas stocks catching investors' attention of late.

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Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation is an oil and natural gas company based in Irving, Texas. It produces and transports crude oil and natural gas.

The shares of the company traded at US$64.795 at 5:10 pm ET on Nov 2. The stock price increased by around 58% YTD. It has a market cap of US$274.41 billion, and a forward P/E one year of 12.84. Its EPS is US$-1.39.

Top Oil and Gas Stocks to Explore in November

The 52-week highest and lowest stock prices were US$66.08 and US$32.53, respectively. Its trading volume was 19,656,450 on Nov 1.

The company’s total revenue and other income were US$73.78 billion in Q3, FY21, compared to US$46.19 billion a year ago.

Its attributable net income was US$6.75 billion against a loss of US$680 million in Q3, FY20.

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Chevron Corporation (NYSE:CVX)

Chevron Corporation is one of the leading global oil companies based in San Ramon, California. It explores, refines, and distributes oil and natural gas, gasoline, and other chemical products.

Its stock was priced at US$113.68 at 5:18 pm ET on Nov 2. The CVX stock rose about 35% YTD.

Its market cap is US$220.13 billion, the P/E ratio is 21.97, and the forward P/E one year is 15.44. Its EPS is US$5.18. The stock saw the highest price of US$115.29 and the lowest price of US$69.40 in the last 52 weeks. Its share volume on Nov 1 was 11,213,770.

Chevron's total revenue and other income were US$44.71 billion in Q3, FY21, compared to US$24.45 billion in the same quarter of the previous year. Its net income came in at US$6.11 billion, versus a loss of US$207 million in Q3, FY20.

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Kinder Morgan, Inc. (NYSE:KMI)

Kinder Morgan is a leading energy infrastructure company based in Houston, Texas, and operates and controls oil and gas pipelines and terminals.

Its shares closed at US$16.96 on Nov 2. The stock value rose around 25% YTD. It has a market cap of US$38.40 billion, a P/E ratio of 22.03, and a forward P/E one year of 12.72. Its EPS is US$0.77.

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The 52-week highest and lowest stock prices were US$19.29 and US$11.45, respectively. Its trading volume was 14,605,270 on Nov 1.

The revenue was US$3.82 billion in Q3, FY21, compared to US$2.91 billion in the third quarter of FY20. Its net income was US$511 million compared to US$472 million in Q3, FY20.

The firm now expects its attributable net income to be US$1.7 billion in fiscal 2021.

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Occidental Petroleum Corporation (NYSE:OXY)

Occidental Petroleum is an energy company based in Houston, Texas. It focuses on hydrocarbon exploration, manufacturing of petrochemical products, and other related services.

The stock closed at US$34.36 on Nov 2. The OXY stock grew about 99% YTD. The market cap of the company is US$32.08 billion, and the forward P/E one year is 21.23. Its EPS is US$-5.94.

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The stock saw the highest price of US$35.75 and the lowest price of US$9.03 in the last 52 weeks. Its share volume on Nov 1 was 14,134,070.

The company will release its third-quarter financial results on Nov 4 after the market close.

Meanwhile, in the second quarter, the company’s total sales were US$5.95 billion versus US$2.92 billion in the comparable quarter of the previous year. It reported a net income of US$103 million against a loss of US$8.13 billion in Q2, FY20.

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Source: Pixabay

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Continental Resources, Inc. (NYSE:CLR)

Continental Resources is a petroleum and natural gas company based in Oklahoma City. It explores natural gas.

Its shares traded at US$49.65 at 5:37 pm ET on Nov 2. The stock jumped about 204% YTD. It has a market cap of US$18.26 billion, a P/E ratio of 48.24, and a forward P/E one year of 11.18. Its EPS is US$1.03.

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The 52-week highest and lowest stock prices were US$55.48 and US$11.74, respectively. Its trading volume was 1,823,664 on Nov 1.

In the second quarter of fiscal 2021, its total revenue was US$1.23 billion compared to US$175 million a year ago. Its net income was US$289.47 million against a loss of US$242.13 million in Q2, FY20.

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Bottomline

The S&P 500 Oil, Gas, & Consumable Fuels industry surged 56.54% YTD while increasing 11.95% QTD. The recent rally in oil and gas prices helped acquire gains in oil and gas stocks. However, investors should evaluate the companies and the market carefully before investing in stocks.