There are many oil and natural gas companies that you can invest in. However, there are some stocks that are worth your attention as the best energy stocks. ConocoPhillips and NextEra Energy are just a few of these companies. Before investing in any company you need to thoroughly evaluate its fundamentals.
Ring Energy
Ring Energy stock is outperforming the market in recent weeks, so investors should take a look at its earnings outlook as a guide to future performance. Since it incorporates revisions to earnings estimates and current consensus expectations, the earnings outlook is an excellent indicator of company prospects. There is a strong correlation between earnings estimate revisions and near-term stock price movements. The Zacks Rank provides reliable information about recent earnings estimate changes.
Ring Energy is a independent energy company that focuses primarily on the acquisition and exploration of high-quality oil assets located in the Permian. Despite its short history of growth it has seen its share value grow by over 70% since January. Unfortunately, the company lost 7.7% in June.
ConocoPhillips
ConocoPhillips is a $122.1 billion market cap company. This gives it the ability to capitalize on any rise in oil prices. The company has oil and natural gas operations in more than 15 countries. Its production is nearly evenly split between oil and natural gases. Its integrated oil business allows it to maximize its production while lowering its costs. Moreover, its free cash flow allows it to maintain its dividend.
It is important to invest in companies that have strong dividends, if you wish to make a profit from the energy sector. This is a good investment that will yield a high yield, even though it might not be the most lucrative. This is a good dividend yield, especially considering the environment. The company's share prices have increased more than twice in the past five years.
NextEra Energy
NextEra Energy is a publicly traded utility company with an impressive portfolio of assets. The company has a market capitalization in excess of $153 billion and is one of America's largest utilities. It is the owner of Florida Power and Light and Gulf Power Company. The Carolinas Power & Light Company provides electricity to customers in both large and small cities.
NextEra Energy is a large energy company and the first to be involved in the traditional petroleum and gas industries. This company is an excellent example of how renewable energies can be used to increase profit.
Brookfield
Brookfield Energy is one of the world's largest investors in renewable power. The company's corporate headquarters can be found in Toronto, Canada. Brookfield Asset Management holds about 60% of the shares in the company. Its portfolio includes renewable power assets such as wind, solar and hydropower. Brookfield Renewable Partners L.P. Brookfield Energy Company is one of its subsidiaries, as well as Brookfield Wind Energy.
Brookfield Renewables is the largest private owner of critical power assets. Brookfield Renewables will have a 1,200 megawatt operating portfolio, which will be enhanced by a 1,300 gigawatt renewable development platform. Brookfield Energy will continue to be a leader in distributed energy.
TC Energy
TC Energy is a midstream company with a large network of pipelines in the United States and Canada. It is well-positioned for growth in the LNG export industry and has steady cash flows that are unaffected by macroeconomic factors. The stock currently yields 5.31% and has increased its dividend every year since 2000. The company is a great choice for investors who want to invest in energy stocks with a high yield and stable cash flow.
TC Energy has a large portfolio capital projects that will drive higher revenues and provide more cash flow. The company currently has projects worth $7 billion and 20 billion in secured capital developments plans until 2024. TC Energy has more than $100 billion of assets and is in a strong position to increase its cash flow and improve financial results. The government regulates 95% of the comparable EBITDA.