Top ten oil & gas stocks to explore

Summary

  • Prices of oil & gas stocks are rising as business restrictions are relaxed after vaccine progress.
  • In Q1 of 2021, EOG Resources, Inc. logged total revenue of US$3694 million and a net income of US$677 million.
  • Pioneer Resources’ liquidity reserves were US$668 million and debt of US$5.5 million in Q1 of 2021.

Oil and gas companies explore, produce, store, and transport energy, besides manufacturing drilling equipment and retail petrochemical products. The industry has been volatile of late over a variety of geopolitical and market factors.

Prices of oil and gas stocks rose sharply in recent days amid supply concerns and shifting focus towards green energy. US crude oil prices surged to 2½ years high at more than US$71 on Monday. The prices nearly doubled since the end of October in 2020.

However, at the height of the pandemic, oil prices had fallen due to low demand. We explore 10 stocks here to understand how they have performed over the past few months.

 

           Source: Pixabay.          

EOG Resources, Inc. (EOG)

EOG is an American hydrocarbon exploration company headquartered in Texas.

The stock was trading at US$86.182 at 10.15 am ET on June 11, marginally up 0.06% from the previous close. It gained over 72% YTD. EOG’s market cap is around US$50.3 billion.

In Q1 of 2021, the company logged total revenue of US$3694 million and a net income of US$677 million. Its net income per share was US$1.16.

EOG’s current and long-term debt as of March 31, 2021, was US$5133 million.


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Pioneer Natural Resources Company (NYSE: PXD)

Pioneer Resources is a Fortune 500 oil and gas company headquartered in Texas.

The stock was trading at US$164.78 at 9.30 am ET on June 11, up 0.92% from the previous close. The stock rose more than 45% YTD. Its market cap is around US$39.7 billion.

In Q1 of 2021, its liquidity reserves were US$668 million and debt of US$5.5 million. It spent US$591 million on drilling and other operations, including upgrading the facilities.

It registered a cash flow of US$377 million from operations during the period.


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Devon Energy Corporation (NYSE: DVN)

Devon Energy is an Oklahoma based oil and gas company.

Its stock was priced at US$29.50 at 9.58 am ET\ on June 11, down 0.24% over the previous close. The stock price rose over 81% YTD. Its market cap is around US$19.86 billion.

In Q1 of 2021, Devon’s net earnings were US$213 million or US$0.32 per diluted share and operating cash flow was US$592 million.

It announced a dividend of US$0.34 per share for the quarter.


Also read:
10 Dividend Stocks To Explore In June

Source: Pixabay.


Valero Energy Corporation (NYSE: VLO)

Valero is a Texas-based Fortune 50 energy company. It produces, markets, and transports petrochemical products. It runs 15 refineries with a total production capacity of 3.2 million barrels per day.

In addition, Valero has 13 ethanol plants with a total daily capacity of 1.69 billion gallons.

The stock was trading at US$82.70 at 9.44 am Et on June 11, up 1% from the previous close. It rose more than 48% YTD. Its market cap is around US$33.4 billion.

In Q1 of 2021, Valero logged a net loss of US$704 million or US$1.73 per share. It incurred an additional energy cost of US$579 million.

It declared a dividend of US$0.98 per share for the quarter.

Also read: 10 Hot Penny Stocks To Explore In June

Diamondback Energy Inc (Nasdaq: FANG)

Diamondback Energy is also based in Texas.

The stock was priced at US$87.81 at 9.15 am ET on June 11, up 0.94% from the previous close. The stock price increased by over 79% YTD. Its market cap is around US$15.74 billion.

In Q1 of 2021, it clocked a net income of US$220 million or US$1.33 per diluted share and adjusted net income of US$379 million or US42.330 per diluted share.

Also read: Five Hot Growth Stocks That May Fly High

Phillips 66 (NYS: PSX)

Phillips 66 is one of the biggest oil refineries headquartered in Texas. It also provides oil transportation services in the US.

Its stock traded at US$92.35 at 9.01 ET am on June 11, with a 0.77% gain over the previous closing. Its prices have increased by 32.15% YTD. Its market cap is around US$40.12 billion.

In Q1 of 2021, Phillips 66 logged a loss of US$654 million or US$1.49 per share. It gave US$394 million in dividends to its shareholders and repaid US$500 million in debt.

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HESS Corporation (NYSE: HES)

HESS is a New York-based exploration company. It produces natural gas and crude oil.

The stock traded at US$89.43 at 10.23 am ET on June 11, with a 0.487% gain over the previous closing. It increased by 69.43% YTD. Its market cap is around US$27.5 billion.

In Q1 of 2021, its net income was US$252 million or US$0.82 per share. The company had recorded US$2433 million or US$ 8 per share in Q1 of the previous year. Its oil-and-gas production was 315,000 boepd during the period.

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ConocoPhillips (NYSE: COP)

ConocoPhillips is a Houston-based company with a market cap of US$81.19 billion.

The stock traded flat at US$60.17 at 8.36 am ET on June 11. The stock price increased by 52% YTD. In Q1 of 2021, its earnings were US$1 billion or US$0.75 earnings per share and logged a loss of US$1.7 billion.

Also read: 10 Hot Mid-Cap Stocks To Watch

DCP Midstream (NYSE: DCP)

DCP Midstream is Fortune 500 oil and gas company based in Colorado.

Its stock traded at US$31 at 10.54 am ET on June 11, with a gain of 3.04% over the previous closing. The stock price increased by 66% YTD. Its market cap is around US$6.3 billion.

In Q1 of 2021, DCP Midstream logged a net income of US$53 million and net cash of US$4 million in operating activities. Its adjusted EBITDA was US$275 million. The company had generated US$89 million excess cash flow during the period.

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Whiting Petroleum Corporation (WLL)

Whiting is also a Colorado-based energy company. Its main exploration sites are in the Rocky Mountains of the US. Its stock traded at US$50.32 at 11.19 am ET on June 11, with a gain of 1.03% over the previous closing. Its stock prices increased by 89% YTD.

Its market cap is around US$1.9 billion.

In Q1, 2021, its revenue was US$307 million, and net loss was US$0.9 million or US$0.02 per diluted share. Whiting’s adjusted net income was US$108 million.

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