Oil plunges ahead of earnings from XOM, CVX, and COP; See top 10 list from SA quant metrics
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On Monday morning, the energy sector took center stage as oil prices (CL1:COM) plummet over 5%, setting the stage for major energy producers like Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), and ConocoPhillips (NYSE:COP) as they gear up to release their earnings reports later in the week.
As a result, Seeking Alpha constructed a top 10 list of energy names according to their quant metrics. Moreover, the list includes names with Buy or Strong Buy ratings that have a market capitalization of at least $10B. Interestingly enough, XOM, CVX, and COP did not make the list.
Top 10 Energy Stocks Per SA Quant Metrics
No. 10: USA Compression Partners (USAC), quant rating of 4.36.
No. 9: FLEX LNG (FLNG), quant rating of 4.41.
No. 8: CES Energy Solutions Corp (OTCPK:CESDF), quant rating of 4.45.
No. 7: Sunoco LP (SUN), quant rating of 4.46.
No. 6: World Kinect Corporation (WKC), quant rating of 4.49.
No. 5: Peabody Energy Corporation (BTU), quant rating of 4.57.
No. 4: MPLX LP (MPLX), quant rating of 4.63.
No. 3: Cheniere Energy (LNG), quant rating of 4.73.
No. 2: Baker Hughes Company (BKR) quant rating of 4.82.
No. 1: Vista Energy (VIST) quant rating of 4.85.
Year-to-date performance: USAC -3.3%, FLNG -15.5%, CESDF +116.9%, SUN -12.8%, WKC +15.9%, BTU +0.3%, MPLX +19.6%, LNG +8.3%, BKR +9.7%, and VIST +79.3%.
Moreover, for investors looking for additional exposure towards the oil & gas and energy sector of the economy, they can look towards exchange traded funds as a diversified investment approach towards the space. Some funds worth noting are as follows:
Oil and Energy ETFs: (USO), (UCO), (DBO), (OILK), (USL), (XLE), (AMLP), (VDE), (XOP), (OIH), and (IXC).