There are many oil-and-gas companies to choose from, but there are a few that stand out as the best. ConocoPhillips, NextEra Energy, Ring Energy and Brookfield are just some of the companies that you can choose from. Before you invest in any company, it is important to carefully assess its fundamentals.
Ring Energy
Ring Energy stock has outperformed other stocks in recent months. Investors can look at its earnings outlook for guidance regarding future performance. The company's future prospects can be gauged by its earnings outlook, which incorporates the latest revisions and consensus earnings expectations. There is a strong correlation in earnings estimate revisions with near-term stock market movements. The Zacks Rank measures recent changes to earnings estimates and is a reliable gauge.
Ring Energy is an independent energy company that focuses on acquiring, exploring, and developing high-quality oil assets in the Permian Basin. Despite its short history of growth it has seen its share value grow by over 70% since January. Unfortunately, the company had a terrible month in June, and is now starting the year with a loss of 7.7%.
ConocoPhillips
With a market cap of $122.1 billion, ConocoPhillips has the resources to take advantage of any oil price increase. 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 company allows it to increase production while decreasing its costs. Additionally, it can maintain its dividend thanks to its free cash flow.
Strong dividend paying companies are a great way to make money in the energy sector. This is a good investment that will yield a high yield, even though it might not be the most lucrative. In this market, the dividend yield is 3.8% which is quite good. The company's share prices have increased more than twice in the past five years.
NextEra Energy
NextEra Energy is a publicly traded utility with a vast portfolio of assets. The company has $153 billion in market capitalization and is one the largest Utilities in the United States. 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 ranks among the top energy companies around the globe. It is unique among its peers because it is not in the traditional oil & gas industry. This company is an excellent example of how renewable energies can be used to increase profit.
Brookfield
Brookfield Energy is the largest investor in renewable power worldwide. Its corporate headquarters are in Toronto Canada. Brookfield Asset Management holds about 60% of the shares in the company. It has a portfolio of renewable power assets that includes solar, wind, and hydropower. Its subsidiaries include Brookfield Renewable Partners L.P., Brookfield Energy Company, and 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. The investment will further strengthen Brookfield Energy's position as a global leader in distributed generation.
TC Energy
TC Energy (Midstream Company) is a company that operates a large number of pipelines throughout the United States. It is well-positioned for growth in the LNG export industry and has steady cash flows that are unaffected by macroeconomic factors. Current stock yield is 5.31%. Since 2000, the dividend has been increasing every year. Investors looking for energy stocks with high yield and stable cash flows will find this stock a good choice.
TC Energy's large portfolio of capital projects should help it increase its revenues and generate more cash flow. The company has $7 billion of projects under its belt and $20 billion in secured capital development plans through 2024. TC Energy's assets total more than $100 trillion. This allows it to grow its cash flow while improving its financial results. Moreover, 95% of its comparable EBITDA comes from assets that are regulated by the government.