While there are many oil and gas companies to invest in, there are some that stand out among the rest as the best energy stocks to buy. ConocoPhillips is one of these companies. NextEra Energy and Brookfield are also included. Before investing in any company, you should carefully examine 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. 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 among earnings estimate revisions, near-term stock prices movements, and earnings estimate revisions. The Zacks Rank, which is a reliable indicator of changes in earnings estimates over the past few days, is also very useful.
Ring Energy, an independent company in energy, focuses its efforts on developing and acquiring high-quality oil assets from the Permian. Although it has a relatively short history of growth, it has seen its share price grow by more than 70% since January. The company suffered a poor June and now has a 7.7% loss for the year.
ConocoPhillips
ConocoPhillips' market cap is $122.1 million. It has the resources and capital to benefit from any oil price rise. The company has natural gas and oil production in more then 15 countries. Its production is split almost evenly between oil and natural gas. The integrated oil business it has allows it to increase its production and lower its costs. Its free cash flow also allows it to keep 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 environment is good for dividend yields of 3.8%. Additionally, the share price of the company has increased by more than twofold in the past five year.
NextEra Energy
NextEra Energy is a publicly traded utility with a vast portfolio of assets. With a market capitalization of $153 billion, the company is one of the largest utilities in the United States. Its subsidiaries include Florida Power and Light and Gulf Power Company. Carolinas Power & Light Company supplies electricity to small and large towns.
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. The company is a great example of how renewable energy can help companies increase profits.
Brookfield
Brookfield Energy is one of the world's largest investors in renewable power. Its corporate headquarters is located 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. Brookfield Renewable Partners L.P. Brookfield Energy Company is one of its subsidiaries, as well as Brookfield Wind Energy.
Brookfield Renewables is the leading private owner of critical power assets. Brookfield Renewables' 1,200-megawatt portfolio of operating assets will be supplemented by a 1,300 Megawatt renewable development pipe. Brookfield Energy will continue to be a leader in distributed energy.
TC Energy
TC Energy, a midstream company, has a large network pipelines across the United States and Canada. It has stable cash flows, regardless of macroeconomic conditions, and is well-positioned to support the growing LNG export market. 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's large portfolio of capital projects should help it increase its revenues and generate more cash flow. The company currently holds $7 billion worth projects and has $20 billion in secured capital plans for 2024. TC Energy, which has assets of more than $100 Billion, is well positioned to grow its cashflow and improve its financial performance. Moreover, 95% is from assets that the government regulates.