There are many oil companies you can invest in. But there are some energy stocks that stand out from the rest. ConocoPhillips is one of these companies. NextEra Energy and Brookfield are also included. You should carefully evaluate each company's fundamentals before investing in it.
Ring Energy
Ring Energy stock has outperformed other stocks in recent months. Investors can look at its earnings outlook for guidance regarding future performance. Because it includes recent revisions to earnings estimates as well as current consensus earnings forecasts, the earnings outlook can be a useful indicator of the company’s prospects. The earnings estimates revisions are strongly correlated with stock price movements in the near future. The Zacks Rank can be used to measure recent changes in earnings estimations.
Ring Energy is an independent energy company whose primary focus is on the acquisition, exploration, and development of high-quality oil assets within the Permian basinin. Despite having a very short history, Ring Energy has seen its share prices rise by more 70% since January. Unfortunately, the company experienced a horrible June and is now at 7.7% loss.
ConocoPhillips
ConocoPhillips boasts a market value of $122.1billion and the financial resources to make any oil price rise a success. The company has oil and natural gas operations in more than 15 countries. Its production is split almost evenly between oil and natural gas. Its integrated oil business allows it to maximize its production while lowering its costs. Its free cash flow also allows it to keep its dividend.
You should look for companies that pay strong dividends if you want to make money in energy. While this might not be the most lucrative investment, you'll earn an excellent yield. This is a good dividend yield, especially considering the environment. The share price has more than doubled in the last five-years.
NextEra Energy
NextEra Energy, a publicly traded utility company, has a large portfolio of assets. It is the country's largest utility company, with a market cap of $153 trillion. Its assets include Florida Power and Light and Gulf Power Company. In addition to providing electricity to customers in larger cities and smaller towns, it also owns Carolinas Power & Light Company.
NextEra Energy is a large energy company and the first to be involved in the traditional petroleum and gas industries. The company is a great example of how renewable energy can help companies increase profits.
Brookfield
Brookfield Energy is the largest investor in renewable power worldwide. The corporate headquarters of Brookfield Energy are in Toronto, Canada. Brookfield Asset Management holds about 60% of the shares in the company. Its portfolio of renewable energy assets includes hydropower, solar power, and wind. Brookfield Renewable Partners L.P. Brookfield Energy Company is one of its subsidiaries, as well as Brookfield Wind Energy.
Brookfield Renewables leads the private ownership of critical power assets. Brookfield Renewables will add a 1,300-megawatt renewable development pipeline to its 1,200-megawatt operational portfolio. Brookfield Energy is set to grow its global position as a leader in distributed power.
TC Energy
TC Energy is a Midstream company that has a large network in North America and Canada. It has stable cash flows and is well-positioned in the LNG export business. The stock currently yields 5.31% and has increased its dividend every year since 2000. Investors who are looking for high-yielding energy stocks and steady cash flow options will love this company.
TC Energy boasts a wide portfolio of capital projects, which should increase its revenues and create more cash flow. The company currently holds $7 billion worth projects and has $20 billion in secured capital plans for 2024. TC Energy's assets total more than $100 trillion. This allows it to grow its cash flow while improving its financial results. Additionally, 95% of TC Energy's comparable EBITDA is derived from assets that are controlled by the government.