Results for: Energy Stocks

Diamondback Energy (FANG) has seen strong performance in recent months due to rising oil prices and operational efficiency. However, concerns about valuation and the sustainability of oil production growth have led the author to downgrade their outlook to neutral. The author sees a potential correction in the stock price and recommends buying only if it falls below $170. They also suggest that direct oil futures ETFs like USO may be a better bet as oil is expected to rise due to underinvestment and potential supply disruptions.

Energy stocks are expected to see a decline as the opening bell approaches on Wednesday, with analysts noting that geopolitical tensions continue to weigh on the market. Commerzbank analysts have observed that the risk premium will likely remain elevated due to these ongoing concerns.

Despite the recent market downturn, experts believe this is an ideal market for stock pickers. When seeking stocks to buy during a market crash, it’s best to prioritize defense over momentum. This article presents three high-yield dividend payers in sectors offering essential products: Energy Select Sector SPDR Fund (XLE), Philip Morris (PM), and Intuitive Machines (LUNR).

Energy prices are predicted to rise, benefiting energy stocks like XLE, which also offers a hedge against inflation and a dividend yield of 3.09%. Philip Morris remains attractive due to its steady revenue growth, strong dividend yield of 5.55%, and positive earnings projections.

For those willing to invest in the space economy, Intuitive Machines is involved in NASA’s Artemis project and has a promising future despite its reliance on government contracts. Analysts give it a Strong Buy rating, with a consensus price target 135% above its current price.