Best Energy Stocks for 2022 – GOBankingRates | Jewelry Dukan

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Energy prices have skyrocketed this year and there has been a lot of focus on the different ways to power our homes, offices and cars. Energy stocks in general have fared much better than the rest of the market this year — it’s one of the few sectors to be up overall — but it’s not too late to jump in.

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Here are some of the best energy stocks for 2022.

oil and gas stocks

With gas prices soaring, it’s no wonder companies that produce gas are doing well. Consumers may be in pain at the pump, but investors who own oil and gas stocks are doing just fine. Here are some oil and gas stocks that have had a great year.

ConocoPhillips

ConocoPhillips (COP) is an oil and gas exploration, production and transportation company headquartered in Texas with operations in 13 countries worldwide.

ConocoPhillips stock is up 52.3% year to date to close at $112.33 on Sept. 13. That’s one reason the analysts like it: Of the 21 that follow COP, six rated it a strong buy, nine rated it a buy, and six recommended holding it, according to Yahoo Finance. The 12-month average price target is $124.26.

Another reason it’s so popular is that when the company reported its second-quarter earnings on Aug. 4, it announced a $15 billion capital return for 2022, along with a $0.46 dividend -Dollars per share for the third quarter and a variable return of $0.46 for the fourth quarter announced cash payments of $1.40 per share.

rafters

Chevron (CVX) is an upstream (exploration and production), midstream (transportation) and downstream (refining and retail) oil company. It drills in the US Gulf of Mexico and off the coast of Western Australia and West Africa. After transporting and refining crude oil, it sells gasoline to consumers at Chevron, Texaco, and Caltex service stations. The Company produces other products and services for industrial, commercial and consumer applications.

Chevron stock closed at $159.41 on Sept. 13, up from $119.26 in January, for an impressive 33.66% year-to-date return. 16 out of 24 analysts rate it as a buy or strong buy, seven recommend holding it and one rates it as an underperformer. The 12-month average price target is $181.52.

When the company announced its second-quarter earnings, it raised its share buyback guidance to as much as $15 billion. It also announced a quarterly dividend of $1.42.

oxy

Occidental Petroleum Corp. (OXY) has oil and gas assets in the United States, Africa, the Middle East and Latin America. The Company is focused on providing traditional energy sources in a low-carbon environment. Warren Buffett bought out Oxy stock for Berkshire Hathaway and now owns a 20% stake in the company.

On September 13th, OXY was trading at $65.34, close to its 52-week high of $77.13. Most analysts (15 of 24) recommend holding the stock, one says it is underperforming and one is a sell. But three analysts call it a buy, and four say it’s a strong buy. The 12-month average price target is $76.04.

Renewable Energy Stocks

The recent rise in gas prices and the impact of climate change have made renewable energy a top priority for many governments – and for investors. Here are some of the top renewable energy stocks this year.

Brookfield Renewable Partners

Brookfield Renewable (BEP) has hydroelectric, wind, solar and storage assets in North America, South America, Asia and Europe. Since renewable energies are a priority for many, the company has good prospects.

As of Sept. 13, Brookfield Renewable stock was up for the year, albeit not by much. It started the year at $35.85 and closed at $37.72 on September 13th. But it’s expired for the year, which is a rarity in this market. Of the 12 analysts covering the stock in August, one called the stock a strong buy, nine gave it a buy rating, and two recommended holding the stock. The average of analyst estimates of the price in one year is $41.88.

first sun

First Solar (FSLR) manufactures photovoltaic modules for solar panels. The company claims to have the best environmental profile in the industry, using less energy, water and semiconductor materials than its competitors.

First Solar shares are up over 50% year-to-date and are currently trading right around their fresh 52-week high of $140.14. However, analysts are a little lukewarm on this stock, with eight recommending investors hold the stock, while six recommend buying it and three recommend buying it strongly. The 12-month average price target is $132.50, but the highest target is $187.00.

power adapter

Plug Power (PLUG) offers an end-to-end green hydrogen ecosystem that uses renewable electricity and water to produce carbon-free green hydrogen using electrolysers. The company then transports the green hydrogen from its facilities to industrial, commercial and medical users worldwide using cryogenic trailers and mobile storage units.

Plug Power’s stock hasn’t gained much in value this year, but it hasn’t fallen either. It closed at $28.91 on September 13, compared to $28.79 earlier in the year. In August, 29 analysts covered the stock. Six gave it a strong buy rating and 15 gave it a buy rating. Eight analysts recommended holding it. The 12-month average price target is $37.10, but one analyst expects the price to rise to $78.00 in a year’s time.

utility stocks

Producers of electricity and gas utilities will be in increasing demand as the population grows and more and more energy is required. Supply values ​​are often considered defensive; That means they have a history of outperforming many other sectors in a declining market. Here’s one of this year’s best utility stocks.

Southern Company

Southern Company (SO) supplies electricity to customers in three states and natural gas to customers in four states, totaling 9 million homes and businesses. It is the parent company of electric power companies Alabama Power, Georgia Power, and Mississippi Power, and natural gas companies Southern Company Gas, Atlanta Gas Light, Chattanooga Gas, Nicor ​​Gas, and Virginia Natural Gas. It is also the parent company of Southern Nuclear, Southern Power, PowerSecure, Southern Telecom and Southern Linc.

Southern Company closed at $78.23 on Sept. 13, very close to its 52-week high of $80.57 and well above where it started the year at $68.17. However, analysts don’t fully behind the company. One analyst calls it a strong buy, four recommend it as a buy, eight advise investors to hold the stock, two call it an underperformer and two recommend selling it.

Bring away

Whether you want to invest in the best energy stocks, the best power stocks, or the best clean energy stocks, these are good places to start. Demand for energy, especially clean energy, will continue to rise, and these stocks tend to do well even when the rest of the market doesn’t, making them a good buy in a bear market.

Data was compiled on September 14, 2022 and is subject to change. Information on analyst ratings was obtained from Yahoo Finance.

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