Top 5 Energy Stocks To Own Right Now

May 9, 2018: Markets opened higher Wednesday before dipping below the break-even line in the late morning and then taking off for a couple of hours in the afternoon to put equities on track for a decent daily gain. Energy stocks rose mostly steadily as the U.S. rejection of the Iran deal is widely believed to be quite bullish for oil prices and everything connected to black gold. Interestingly, both the dollar and 10-year Treasuries posted solid gains today as well.

WTI crude oil for June delivery settled at $71.14 a barrel, up 3% for the day after a bullish inventory report to go with the news about the Iran nuclear deal. June gold dipped less than 0.1% on the day to settle at $1,313.00. Equities were headed for a higher close about 10 minutes before the bell as the Dow traded up 0.61% for the day, the S&P 500 traded up 0.86%, and the Nasdaq Composite traded up 0.91%.

Bitcoin futures (XBTK8) for May delivery traded at $9,270, up about 0.5% on the CBOE after opening at $9,235 this morning. The trading range today was $8,945 to $9,370.

Top 5 Energy Stocks To Own Right Now: Westport Innovations Inc(WPRT)

Advisors’ Opinion:

  • [By Daniel Miller]

    Shares of Westport Fuel Systems (NASDAQ:WPRT), a provider of high-performance, low-emission engine and fuel systems, are down 10% as of 11:20 a.m. EDT after the company reported its first-quarter results.

  • [By Jason Hall]

    Furthermore, having a strong financial partner in Total to help it drive adoption of heavy-duty natural gas vehicles at this time could be a huge win. Prices of oil (and therefore diesel) have been steadily climbing over the past year, and the highly anticipated near-zero-emissions natural gas engine fromCummins(NYSE:CMI) andWestport Fuel Systems(NASDAQ:WPRT) is now being shipped to customers.

  • [By Lisa Levin] Gainers
    Turtle Beach Corporation (NASDAQ: HEAR) surged 87.1 percent to $12.98 after the company reported Q1 results and raised its FY18 outlook.
    ARMO BioSciences, Inc. (NASDAQ: ARMO) shares jumped 66.8 percent to $49.735 after Eli Lilly and Company (NYSE: LLY) announced plans to acquire ARMO BioSciences for $50 per share.
    vTv Therapeutics Inc. (NASDAQ: VTVT) gained 34 percent to $2.2920 following announcement that the company will pre-specify new subgroup with the FDA and report Phase 3 Part B results in June.
    Prestige Brands Holdings, Inc. (NYSE: PBH) climbed 22.3 percent to $34.84 after the company posted upbeat Q4 earnings.
    Depomed, Inc. (NASDAQ: DEPO) shares jumped 22.2 percent to $7.28 following better-than-expected Q1 earnings.
    Everspin Technologies, Inc. (NASDAQ: MRAM) gained 19.8 percent to $8.89 after the company reported strong results for its first quarter.
    Luxfer Holdings PLC (NYSE: LXFR) surged 19.8 percent to $17.10 following Q1 results.
    Clean Energy Fuels Corp. (NASDAQ: CLNE) rose 18.3 percent to $2.26 after French company Total announced plans to acquire 25 percent stake in Clean Energy Fuels for $83.4 million.
    Intelligent Systems Corporation (NYSE: INS) gained 17 percent to $7.116.
    Green Dot Corporation (NYSE: GDOT) surged 15.3 percent to $73.00 after reporting upbeat Q1 earnings.
    The Chefs' Warehouse, Inc. (NASDAQ: CHEF) climbed 15 percent to $28.85. Chefs' Warehouse posted Q1 earnings of $0.03 per share on sales of $318.6 million.
    Westport Fuel Systems Inc. (NASDAQ: WPRT) rose 14.2 percent to $2.9701.
    Wright Medical Group N.V. (NASDAQ: WMGI) jumped 13.8 percent to $23.87 after reporting upbeat quarterly earnings.
    Diplomat Pharmacy, Inc. (NYSE: DPLO) gained 13.4 percent to $22.70. Diplomat named Brian Griffin as Chairman and CEO.
    Carvana Co. (NYSE: CVNA) shares rose 13 percent to $27.97 after reporting upbeat Q1 sales.
    Prothena Corporation plc (NASDAQ: PRTA) gained 12 percent to $15.19

Top 5 Energy Stocks To Own Right Now: Baytex Energy Corp(BTE)

Advisors’ Opinion:

  • [By Logan Wallace]

    Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target raised by equities researchers at TD Securities from C$4.50 to C$5.50 in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential downside of 0.90% from the company’s current price.

  • [By Max Byerly]

    Baytex Energy (NYSE: BTE) and Pioneer Energy Services (NYSE:PES) are both small-cap oils/energy companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, earnings, valuation, risk and dividends.

Top 5 Energy Stocks To Own Right Now: ENSERVCO Corporation(ENSV)

Advisors’ Opinion:

  • [By Logan Wallace]

    Enservco (NYSEAMERICAN:ENSV) will be issuing its quarterly earnings data before the market opens on Wednesday, May 9th.

    Enservco (NYSEAMERICAN:ENSV) last issued its earnings results on Thursday, March 22nd. The oil and gas producer reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). Enservco had a negative return on equity of 89.94% and a negative net margin of 43.71%. The business had revenue of $14.13 million during the quarter.

Top 5 Energy Stocks To Own Right Now: Devon Energy Corporation(DVN)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    Saudi Aramco’s valuation, however, isn’t the only one that would benefit from a pop in the price of crude. Many oil producers in the U.S. restructured their operations to run on $50 oil, so if the Saudi strategy is successful, these oil companies would produce a gusher of cash flow, which could fuel high-octane gains for investors. While that rise would likely lift the entire sector, Devon Energy (NYSE:DVN) and Marathon Oil (NYSE:MRO)could outperform in that scenario.

  • [By Matthew DiLallo]

    While production problems at the end of 2017 caused Devon Energy (NYSE:DVN) to miss the mark in the fourth quarter, the company quickly turned things around in 2018. Because of that, CEO Dave Hager is very optimistic about this year, which was evident in his comments on the accompanying conference call where he had four key messages for investors.

  • [By Matthew DiLallo]

    As things stand right now, analysts anticipate that at least some Iranian oil will come off the market as a result of the sanctions. That lost output would further tighten an oil market that suddenly has little margin for error thanks to red-hot demand and tame supply growth. That’s the recipe for higher oil prices and could make top-tier U.S. oil stocks Anadarko Petroleum (NYSE:APC), Devon Energy (NYSE:DVN), and ConocoPhillips (NYSE:COP) big winners in the coming years.

  • [By Matthew DiLallo]

    As expected, EOG Resources’ U.S. oil output came in above the midpoint of its forecast and was up 15% year over year. Fueling that high-end result were the many wells EOG completed across its vast shale portfolio. The company completed 70 wells in the Delaware Basin during the quarter, with several producing more than 2,000 barrels of oil equivalent per day (BOE/D) in their first month. While the company didn’t match Devon Energy’s (NYSE:DVN) record-smashing 24,000 BOE/D two-well gusher, its wells were highly productive and generated excellent returns.

Top 5 Energy Stocks To Own Right Now: Exxon Mobil Corporation(XOM)

Advisors’ Opinion:

  • [By ]

    Markets were mixed on Wednesday and then surged higher in afternoon trading, led by the energy sector as oil prices rose following President Trump’s withdrawal from the Iran nuclear deal. Exxon Mobile (XOM) and Chevron (CVX) led the way, and the Energy Select Sector SPDR Fund  (XLE)  posted solid gains.

  • [By Logan Wallace]

    ExxonMobil (NYSE:XOM)‘s stock had its “buy” rating reaffirmed by research analysts at HSBC in a note issued to investors on Monday. They presently have a $88.00 target price on the oil and gas company’s stock. HSBC’s price target would suggest a potential upside of 7.59% from the stock’s current price.

  • [By Alexander Bird]

    From 2016 to 2017, Exxon Mobil Corp. (NYSE: XOM) saw a 16% boost in profits, while Chevron Corp. (NYSE: CVX) saw a 30% boost. Texas-based ConocoPhillips Corp. (NYSE: COP) saw a strong 37.5% boost.

  • [By Stephan Byrd]

    Traynor Capital Management Inc. grew its position in ExxonMobil (NYSE:XOM) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,179 shares of the oil and gas company’s stock after purchasing an additional 819 shares during the quarter. Traynor Capital Management Inc.’s holdings in ExxonMobil were worth $600,000 at the end of the most recent reporting period.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on ExxonMobil (XOM)

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  • [By Chris Lange]

    Look for Exxon Mobil Corp. (NYSE: XOM) to report its most recent quarterly results on Friday too. Analysts are looking for EPS of $1.04 and $75.01 billion in revenue. Shares of Exxon were changing hands at $89.00 on Fridays close, a 52-week high. The consensus price target is $88.95, and the 52-week low is $76.05.