Home
News
- 1 Energy stocks have great potential for economic growth.
- 2 Some of the profitable energy stocks include EQT, BKR, MPC, and CTRA.
Energy stocks come from companies that focus on the production and supply of energy to the masses. These are the companies that play a role in extracting, refining, and producing energy. The energy stocks are basically oil and natural gas stocks. They can benefit the investors immensely in the long run.
1. EQT Corp. (NYSE: EQT)
EQT Corporation engages in natural gas production, gathering, and transmission in the Appalachian area. It deals with the development of natural gas, natural gas liquids, and crude oil. It is headquartered in Pittsburgh, PA.
Eqt (EQT) energy stocks previously closed at $42.91. It has a market cap of $15.46 Billion and an average volume of 5.89 Million. This stock has a P/E ratio of 5.30 and a dividend yield of 1.40%.
2. Baker Hughes Co. (NASDAQ: BKR)
Baker Hughes Co. is a well-known oil field services company. It is organized in Delaware and is headquartered in Houston. It provides products and services for oil, well drilling, production, completion, formation evaluation, and reservoir consulting.
Baker Hughes energy stocks’ previous close was at $34.87. It has a market cap of $35.33 Billion and an average volume of 7.51 Million. This stock has a P/E ratio of 30.83 and a dividend yield of 2.29%.
3. Marathon Petroleum Corp. (NYSE: MPC)
Marathon Petroleum Corp. is an independent refiner with 13 refineries in the United States. It is headquartered in Findlay, Ohio. MPC prefers branded locations across the United States, which incorporate retail outlets. It is a refiner, transporter, and marketer of petroleum products.
Marathon Petroleum energy stock previously closed at $142.51. It has a market cap of $57.30 Billion with an average volume of 3.35 Million. This stock has a P/E ratio of 5.20, with a dividend yield of 2.09%.
4. Coterra Energy Inc. (NYSE: CTRA)
Coterra Energy Inc. is a gas and oil company. It is involved in the production of natural gas, oil, and also natural gas liquids in the United States. It was previously known as Cimarex Energy.
It sells its natural gas to industrial customers, oil and gas marketers, local distribution companies, pipeline companies, and power generation facilities.
Coterra Energy stocks’ previous close was at $27.92. It has a market cap of $508.72 Million and an average volume of 6.21 Million.
5. Targa Resources Corp. (NYSE: TRGP)
Targa Resources Corp. is a supplier of midstream services in North America. The company delivers energy across the United States. They are mainly associated with the business of storing, transporting, treating, and selling NGL products which also includes services to liquefied petroleum gas (LPG) exporters. They are engaged with gathering, storing, terminating, and selling crude oil.
Targa Resources’ energy stocks had a previous close of $83.80. It has a market cap of $18.74 Billion. The average volume is $1.46 Million and the P/E ratio as of August 18, 2023, is 22.64.
Summary
Energy stocks are volatile because their price may change. But they have been known to provide good returns on investments. This is because their price rises rapidly when the demand increases or supply decreases. However, stock investment is risky and full research of the company and thorough knowledge is required.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
