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The best stocks to invest in today? 3 energy stocks for your watchlist


Energy stocks are a type of equity securities issued by companies active in the energy sector. Typically, energy stocks usually fall into one of three categories: oil stocks, gas stocks, or renewable energy stocks. First, oil stocks represent companies involved in the exploration, production, refining or marketing of crude oil and petroleum products. Next, natural gas stocks represent companies involved in the exploration, production, refining or marketing of natural gas and related products.

Lately, renewable energy stocks represent companies involved in the development or production of solar, wind or other forms of renewable energy. For example, this would include companies like Premier Solaire Inc. (NASDAQ: FSLR), and NextEra Energy (NYSE:NEE) to name a few.

Additionally, energy stocks typically offer high dividend yields and are considered relatively volatile. For these reasons, energy stocks are often favored by investors seeking high yields. If you are interested in looking at the energy sector, here are three energy companies for your stock market watch list today.

Energy stocks to watch now

1. Enphase Energy (ENPH)

The first standing Enphase Energy (ENPH) is a multinational energy technology company. In short, Enphase Energy offers smart, easy-to-use solutions that manage solar generation, storage, and communication from a single platform. Additionally, the company’s microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution.

ENPH Recent Stock Market News

In July, Enphase announced better-than-expected second quarter 2022 financial results. In the report, Enphase reported earnings per share of $1.07, along with revenue of $530.2 million for Q2 2022. This is compared to Wall Street consensus estimates, which were a profit of $0.82 per share, with revenue of $504.0 million. Besides that. the company also announced updated guidance for the third quarter of 2022. Specifically, Enphase said it estimates revenue for the third quarter of $590 million to $630 million.

Regardless, Enphase President and CEO Badri Kothandaraman had this to say about the quarter: “Our microinverter shipments increased by 18% compared to the first quarter of 2022. Our IQ battery shipments increased by 10% compared to the first quarter of 2022. Our quarterly revenue in the second quarter of 2022 was driven by a high demand for Enphase Energy Systems powered by IQ® Micro-inverters and IQ batteries. IQ8™ microinverters made up 37% of all our microinverter shipments in the second quarter.

ENPH Stock Chart

Meanwhile, so far in 2022, ENPH shares are up more than 48% in Friday’s trading session at $274.38 per share. With that in mind, will you keep Enphase Energy under surveillance today?

Source: TD Ameritrade Terms of Use

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2. Conoco Phillips (COP)

Next, Conoco Phillips (COP) is an American multinational energy company. For starters, the company is one of the largest independent energy companies in the world, with operations in over 30 countries. Specifically, the Company is engaged in the exploration, production, marketing and transportation of petroleum and natural gas. As well as the manufacture and sale of petrochemical products.

COP Recent Stock Market News

On Thursday this week, the company announced that it would announce its third quarter earnings conference call on November 3, 2022. In the meantime, let’s recap ConocoPhillips’ performance in its latest Q2 2022 financial report.

In the second quarter of 2022, the company reported earnings of $3.91 per share and revenue of $22 billion. This figure is above analysts’ estimates of earnings of $3.78 per share and revenue of $17.2 billion for the second quarter of 2022. Revenue figures for the second quarter of 2022 reflect an increase of 115.3% over the same period in 2021. Additionally, ConocoPhillips announced a $5 billion investment. increase in the estimated return on capital in 2022 for its shareholders.

COP Stock Chart

Shares of COP have outperformed broader markets so far in 2022 as they have seen an increase of more than 36%. During Friday’s noon trading session, COP stock is trading down more than 8% at $100.70 per share. All in all, maybe it’s time to keep ConocoPhillips on your radar?

COP stock chart
Source: TD Ameritrade Terms of Service

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3. Halliburton Company (HAL)

Halliburton Company (HAL) is an American multinational corporation that provides services and products to the energy industry. Halliburton’s operations are divided into two business segments: completion and production, and drilling and appraisal. Essentially, it offers a wide range of products and services to upstream oil and gas customers around the world through 14 product service lines.

HAL Recent Stock Market News

Earlier this month, Halliburton announced that it would release its third quarter 2022 financial results. Specifically, the company will release third quarter 2022 results on Tuesday, October 25, 2022, before market open. While we wait for those updated numbers, let’s look back to see how the company’s second quarter 2022 results came in.

In July, Halliburton Company announced a beat for its second quarter 2022 results. In them, the company reported revenue of $5.1 billion, along with earnings of $0.49 per share. That came in stronger than analyst consensus estimates for the second quarter of 2022, which were revenue of $4.7 billion and earnings of $0.45 per share. Additionally, HAL also saw a 36.9% increase in revenue over the same period a year ago.

Additionally, Jeff Miller, Chairman, President and CEO of the company, had this to say about the quarter’s performance “Our strong performance in the second quarter demonstrates that our strategy is working well and that Halliburton’s strategic priorities are driving value. Total company revenue increased 18% sequentially as business grew simultaneously in North America and international markets, and adjusted operating income increased 35% on strong performance margins in both divisions.”

HAL Stock Chart

Early Friday afternoon, shares of HAL were down more than 10% at $24.13 per share. HAL stock is currently trading down around 45% from its 52-week high of $43.99. Given this, do you think HAL stock is a good addition to your long-term portfolio at these price levels?

HAL inventory
Source: TD Ameritrade Terms of Service

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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