Trying to get in on some energy stock plays? We have got some of the best picks right here. Many of these companies will probably be familiar to you if you follow the energy industry closely. But if you are a newbie, don’t worry, I’m sure you will recognize a few too! Investment Underground has compiled the “must-own” energy stocks on the market.
ATP Oil & Gas (ATPG) is an energy company that engages in the acquisition, development, and production of oil and natural gas properties in the Gulf of Mexico, the United Kingdom, and the Dutch sectors of the North Sea. It has a market cap of $796 million and a P/E of -1.97. The company reported a first quarter 2011 earnings loss of $119.55 million. The company has lost money in its last eight quarters. Also, ATP Oil & Gas has a three-year sales growth of -20%.
Exxon Mobile (XOM) engages in the exploration and production of crude oil and natural gas and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas, and petroleum products.With a market cap of $4,411.97 billion, Exxon Mobil is one of the largest companies in the world. This is a dividend stock that has really performed. Over the last 10 years, this stock has given its shareholders an annualized return of 9.6%. The company is expected to earn $8.28 per share in 2011 and $8.85 per share in 2012. This is quite an increase from a $6.22 per share earned in 2010.
Seadrill Limited (SDRL) is an offshore drilling contractor that provides offshore drilling services to the oil and gas industries worldwide. It also offers platform drilling, well intervention, and engineering services.Seadrill Limited should benefit from the lifting of the US ban on deepwater drilling in the Gulf of Mexico. In its latest quarter, Seadrill’s profit grew 247%. In the last three quarters, profit growth has averaged 71%. In its latest quarter, sales grew 30% to $1.11 billion. The company pays hefty dividend that yields 8.7%, and has P/E ratio of 8.4.
Chesapeake Energy (CHK), together with its subsidiaries, produces natural gas in the United States. The company focuses on discovering, acquiring, and developing conventional and unconventional natural gas reserves. Chesapeake Energy has a market cap of $22.14 billion and a P/E of 12. In the past 52 weeks, shares of Chesapeake Energy have traded between $19.68 and $35.95. The stock is now trading near its 52-week high at $33.32. The stock is currently above its 50-day moving average of $29.94 and its 200-day moving average of $28.36. The first quarter earnings for Chesapeake Energy were $-205 million. The loss was due to a one-time charge of $1.2 billion.
Transocean Ltd. (RIG) is based in Switzerland. The company provides offshore contract drilling services for oil and gas wells worldwide. It is the world’s largest offshore drilling contractor. Transocean has a market cap of $20.44 billion and a P/E of 15. The company reported first quarter earnings of $310 million. This was down from the first quarter earnings of $677 million in 2010. Over the last 52 weeks, the stock has traded between $44.30 and 85.88. The current price is $64.02.
Range Resources (RRC) is an independent natural gas company that engages in the acquisition, exploration, and development of natural gas properties primarily in the Appalachian and southwestern regions of the United States. Range Resources has a market cap of $10.11 billion and a P/E ratio of 111. The company earnings increased by 6% in the first quarter while sells dropped by 37%. In spite of the mixed earnings picture, the stock has done remarkably well. The stock is up 11.61% year to date. The stock traded in a range of $32.95 to $62.95 over the last 52 weeks, and is now trading at $62.95, its 52-week high.
These are some strong stocks to pull from. If you are looking to add some energy stocks to your portfolio, these are great picks that you can depend on. Happy investing!
Quotes taken from report by Investment Underground, Read the entire article here.
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