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Weekly Strategy Calls
Which Energy Stocks Are Generating Big Returns?
Posted: 10/23/2024
This week, Zacks Chief Equity Strategist and Economist John Blank, PhD discusses:
โข Top stocks in the Oils & Energy sector, a rapidly changing and relevant area, especially with the increasingly urgent need to power massive data centers. The four industries covered in this week’s discussion are Coal, Energy-Alternative Sources, Oil Machinery services-Drilling, and Oil Exploration & Production.
โข To begin, John looks at the latest trends and developments in the industry, including declining demand, community impact, carbon capture, energy storage solutions, renewables and more. Then he reviews top stocks using his three definitions: market capitalization; number of analysts following the stock; and largest percent change in F1 EPS estimate (the most important element used in assigning a Zacks Rank to stocks).
โข With this framework, he examines the essential metrics for Oils & Energy stocks, such as Return on Equity, Total Debt, Reinvestment Rates, EPS F12M, Net Margin TTM %, and more. His survey includes well-known and less familiar names including Halliburton (HAL), Cheniere Energy (LNG), Canadian Natural Resources (CNQ), First Solar (FSLR), Arch Resources (ARCH), and many others. Don’t miss this important review of the companies that power our world from Zacks’ Chief Equity Strategist!
The views of John Blank, PhD are not necessarily the views of Zacks Investment Research.