More High Yield Energy Stocks With Your Name on Them
Photo Credit. High yield stocks can pay great dividends to their investors. The energy sector is a great to put some money for safe keeping, and for high yield stocks. Paul Ausick has made a list of great high yield stocks that would be worth your investment.
Total is one of the half-dozen largest integrated oil companies in the world. Based in France, the firm’s market cap is around $127 billion. It’s P/E ratio for the trailing twelve months is 7.24 and its price/book ratio is a low 1.37. The company pays a dividend of $2.73, for a forward yield of 4.9%. No other major integrated oil firm is even close. Shares are trading about -14% below 52-week highs. Whiting USA Trust I is a REIT that operates as a subsidiary of Whiting Petroleum Corp. (NYSE: WLL), and owns interests in WLL’s operations in the Midwest, the Rocky Mountains, and Texas. The trust is categorized as a drilling company with a market cap of $229 million. It’s trailing P/E is 6.21 and its price/book ratio is 4.0. The current dividend is $2.91, for a forward yield 16.70%. This is the highest yield rate among oil & gas companies traded on a major exchange. The trust’s shares are currently trading about -32% below their 52-week high. Penn West is Canadian-based E&P company with a market cap of more than $10 billion. It operates primarily in western Canada. The company’s trailing P/E is 22.88, but its forward P/E drops to 13.02 and its price/book ratio is a very low 1.09. The company pays a dividend of $1.10 and its forward yield is nice 4.8%. Shares are trading about -23% below the 52-week high.
Global Partners is a midstream company that supplies unbranded gasoline and other petroleum products to wholesale and commercial distributors. The company’s market cap is about $467 million and its trailing P/E is 22.73. The price/book ratio is 1.35 and the company currently pays a dividend of $2.00 with a forward yield of 8.10%. Shares are currently trading nearly -28% below 52-week highs.
Ferrellgas is one of the US’s largest propane distributors and is categorized as a refining & market company. The company’s market cap is around $1.5 billion and its trailing P/E is not meaningful because the company has posted losses for the past several quarters. It’s forward P/E is a robust 24.57, and its price/book ratio is 6.63. As strange as it may seem, the company pays a dividend of $2 and its forward yield is 9%. Ferrellgas is trading about -31% below its 52-week high. Exterran Partners is a field services company that operates only in the United States. The company’s market cap is about $752 million and, like Ferrellgas, it has no trailing P/E. It’s forward P/E is 39.0 and its price/book ratio is 2.22. Exterran pays a dividend of $1.90 and its forward yield is 7.5%. The company’s shares are trading about -25% below 52-week highs.
Many of these companies are relatively new to the TKO website, so we will try to keep you posted on where these companies go from here. Until then, gather your own research and gain some knowledge on these stocks. They have potential to be great investments if you are ready and willing to invest.
Quotes taken from report by Paul Ausick, Read the entire article here.
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