Top oil and gas stocks to watch out as crude prices soar

Summary

• Oasis Petroleum Inc (Nasdaq:OAS) reported a net income of US$42.9 million in Q1, 2021.
• Plains All American Pipeline (Nasdaq:PAA) reported a net income of US$422 million in Q1, 2021.
• Centennial Resource Development, Inc. (Nasdaq:CDEV) has a market capitalization of US$1.8 billion.

Crude oil prices soared to a six-year high of US$76.98 after the OPEC+ countries could not decide on increasing oil production. The country has already seen a 60% hike in gas prices this year due to low supply and high demand as the economic recovery gains pace.

We explore here seven seven oil and gas stocks to understand their performance and plans.

Source: Pixabay

Also read: Will crude oil touch US$100 a barrel? All you need to know about oil prices

Oasis Petroleum Inc (Nasdaq:OAS)

Oasis Midstream Partners LP owns, develops, operates, and acquires midstream operations in North America. Oasis, on June 29, announced a special dividend of US$4 per share.

Its stock traded at US$101.185 at 11.46 am ET on July 6, down by 3.70% over the previous closing price. Its stock prices increased by 159.51 percent YTD. Its market capitalization is US$2 billion.

Its forward P/E 1-year ratio is 6.76. Its beta is 2.52. Annualized dividend is US$1.50. The current yield is 1.43%. The 52 weeks highest stock price is US$107.65, and the lowest is US$20. The share volume is 144605.

Also read: OPEC+ readies to boost production to meet global demand; ASX O&G shares in focus

It reported a net income of US$42.9 million and adjusted EBITDA of US$56.5 million in Q1, 2021, which ended on March 31. Net cash from operating activities was US$39.4 million.

Plains All American Pipeline, LP (Nasdaq:PAA)

Plains All American Pipeline is into transport, storage, and marketing of petroleum and liquefied petroleum gas in the US and Canada. It runs a pipeline network of 29,560 km. It has a storage capacity of 75 million barrels of crude oil and 68 cubic feet of natural gas and 28 million barrels of NGL. It also owns five natural gas processing plants.

Also read: Is AGL (ASX:AGL) a good dividend stock?

Its stock traded at US$11.1001 at 12.11 pm ET on July 6, down 3.73% from the previous close. Its stock increased by 35.36 percent YTD and 29.22 percent YoY. Its market capitalization is US$8 billion.

Its P/E ratio is 16.84. Its forward P/E 1-year ratio is 6.76. Its beta is 2.33. Annualized dividend is US$0.72. The current yield is 6.24%. The 52 weeks highest stock price is US$12.38, and the lowest is US$5.26. The share volume is 1,807,105. Earnings per share are US$0.66.

It reported a net income of US$422 million or US$0.51 per diluted share in Q1, 2021, which ended on March 31. It was US$2.8 billion or US$3.98 per diluted share the previous year. Net cash provided by operating activities is US$789 million, and that was US$890 million YoY.

Also read: Is AGL Energy (ASX:AGL) undervalued?

Source: Pixabay

PDC Energy  Inc (Nasdaq:PDCE)

PDC Energy Inc is a hydrocarbon exploration and production company. It produces, acquires, and explores natural gas liquids (NGL), natural gas, and crude oil. In addition, it has a separate section for the production and marketing of oil and gas.

Its stock traded at US$45.01 at 12.47 pm ET on July 6, down by 3.56% over the previous closing price. Its stock price increased by 120.85 percent YTD and 251.09 percent YoY. Its market capitalization is US$4.4 billion.

Also read: Top five renewable energy stocks on ASX

Its forward P/E 1-year ratio is 9.39. Its beta is 3.41. Annualized dividend is US$0.48. The current yield is 1.03%. The 52 weeks highest stock price is US$49.92, and the lowest is US$10.60. The share volume is 381,329. Earnings per share are US$ -2.70.

It reported net cash from operating activities of US$355 million and adjusted free cash US$175 million. In addition, it declared a quarterly dividend of US$0.12 per share on outstanding common stock.

Also read: Top solar stocks to consider amid renewable energy push

Viper Energy Partner LP (Nasdaq:VNOM)

Viper Energy Partner LP owns, buys, and explores natural gas and oil properties in North America. The company owns 2026 vertical wells, 3,781 horizontal wells spread on its 814, 224 acres, and 24,304 net royalty acres.

Its stock traded at US$18.36 at 1.12 pm ET on July 6, down by 2.50% over the previous closing price. Its stock prices increased 50.73 percent YTD and 82.68 percent YoY. Its market capitalization is US$2.8 billion.

Also read: 10 Hot Green Stocks To Explore This Summer

Its forward P/E 1-year ratio is 35.32. Its beta is 2.77. Annualized dividend is US$1. The current yield is 5.31%. The 52 weeks highest stock price is US$20.09, and the lowest is US$6.52. The share volume is 145,304. Earnings per share are US$ -0.79.

Net income US$23.9 million in Q1, 2021, ended on March 31. Adjusted EBITDA was US$73.5 million. It has a net debt of US$525.2 million.

Also read: Top energy stocks to explore before oil hits US$100

Centennial Resource Development, Inc. (Nasdaq:CDEV)

Centennial Resource Development Inc is an independent oil producer company with assets at Delaware Basin. That covers 81,700 net acres.

Its stock traded at US$6.66 at 1.23 pm ET on July 6, down by 3.34% over the previous closing price. Its stock prices increased 350 percent YTD and 701.15 percent YoY. Its market capitalization is US$1.8 billion.

Its forward P/E 1-year ratio is 23.72. Its beta is 6.59. Annualized dividend is US$1. The 52 weeks highest stock price is US$7.51, and the lowest is US$0.51. The share volume is 5,349,709.

It reported a net loss of US$34.6 million or US$0.12 diluted per share in Q1, 2021, which ended on March 31. It was US$580 million or US$1.99 per diluted share YoY. It got net cash from operating activities US$72.3 million and a free cash flow of US$10.6 million.

Also read: Five hot energy stocks under US$1

Tellurian Inc (Nasdaq:TELL)

Tellurian INC is a natural gas company based in Texas. Its stock traded at US$4.285 at 1.36 pm ET on July 6, down by 3.16% over the previous closing price. Its stock prices increased 235.93 percent YTD and 282.92 percent YoY. Its market capitalization is US$1.7 billion.

Its forward P/E 1-year ratio is -22.15. Its beta is 2.36. Annualized dividend is US$1. The 52 weeks highest stock price is US$5.76, and the lowest is US$0.68. The share volume is 4,536,735. Earnings per share are US$-0.71.

The company generated revenue of US$8.7 million in Q1, 2021, which ended on March 31. It reported a net loss of US$2 million or US$0.08 per share.

Also read: Top 10 energy stocks to explore in US

Extraction Oil & Gas, Inc (Nasdaq:XOG)

Extraction Oil & Gas, Inc acquires, develops, and produces natural gas liquid, natural gas, and oil from its reserves in the Rocky Mountains.

Its stock traded at US$55.46 at 1.47 pm ET on July 6, down by 3.85% over the previous closing price. Its stock prices increased by 90.78 percent YTD. Its market capitalization is US$1.4 billion.

Its forward P/E 1-year ratio is 6.47. Its beta is -1. Annualized dividend is US$1. The 52 weeks highest stock price is US$59.29, and the lowest is US$18. The share volume is 57,146.

It reported revenue of US$292 million in Q1, 2021, ended on March 31. And it was US$165 million YoY. And adjusted EBITDA was US$207 million.

Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.