There are many oil companies you can invest in. But there are some energy stocks that stand out from the rest. 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 outperformed the market over recent months. Investors should examine its earnings outlook to gain guidance for 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. There is strong correlation between revisions to earnings estimates and stock price movements in near-term. The Zacks Rank measures recent changes to earnings estimates and is a reliable gauge.
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 its short history of growth it has seen its share value grow by over 70% since January. Unfortunately, the company has suffered a bad month in June and now faces a loss of 7.7%.
ConocoPhillips
ConocoPhillips, which has a market capital of $122.1 billion is well-positioned to profit from any increase in oil prices. The company operates oil and natural gas in more than 15 countries. Its production is nearly evenly split between oil and natural gases. Its integrated business in oil allows it maximize its production and reduce its costs. Its free cash flow also allows it to keep its dividend.
For those who want to make big in the energy industry, it is a good idea to invest in dividend-paying companies. While it isn't the most lucrative investment you can make, you will still earn a tremendous yield. In this environment, the dividend yield of 3.8% seems reasonable. In the past five years, the company's share value has more than doubled.
NextEra Energy
NextEra Energy has a strong portfolio of assets and is a publicly traded utility firm. The company has a market capitalization in excess of $153 billion and is one of America's largest utilities. 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. The company's success is proof of the power of renewable energy to help companies increase their profits.
Brookfield
Brookfield Energy is the largest investor in renewable power worldwide. Its corporate headquarters are in Toronto Canada. Brookfield Asset Management holds approximately 60% shares. Its portfolio of power assets include wind, solar, as well as hydropower. Its subsidiaries include Brookfield Renewable Partners L.P., Brookfield Energy Company, and Brookfield Wind Energy.
Brookfield Renewables is the leading private owner of critical power assets. The 1,200-megawatt operating portfolio and a 1,300 megawatt development pipeline will complement it. The investment will further strengthen Brookfield Energy's position as a global leader in distributed generation.
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. Investors who are looking for high-yielding energy stocks and steady cash flow options will love this company.
TC Energy's large portfolio of capital projects should help it increase its revenues and generate more cash flow. The company currently has $7 billion worth of projects in its pipeline and a total of $20 billion in secured capital development plans to 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. Additionally, 95% of TC Energy's comparable EBITDA is derived from assets that are controlled by the government.