The price of oil is headed higher and with it some of the big oil stocks that benefit from the action. Industry analysts are busy figuring out how much of this has to do with the Israel-Hamas ceasefire deal, how much it has to do with the incoming Trump administration and how much it has to do with other world events.
Oil is the highest it’s been since 2022 and investors have taken notice. The really big stocks in the sector — Exxon Mobil, ConocoPhillips and Chevron — have yet to achieve the “higher highs” status. Nevertheless, the names mentioned here are attracting enough serious buying interest to get there.
4 Oil Stocks With Higher 52-Week Highs
Coterra Energy (NYSE: CTRA)
The price this month took out the previous highs from May and June 2024. The 50-day moving average last week crossed above the 200-day moving average, a sign of the strength in the stock.
The oil and gas exploration company trades with a price-earnings ratio of 17.90 at 1.66 times its book value. The market capitalization is $21.70 billion. Earnings this year are off by 28% and up over the past five years by 11%. Coterra Energy pays a 2.97% dividend.
DT Midstream (NYSE: DTM)
Price continues higher in January 2025 after a strong up move from the early May 2024 low. The stock on this chart has not traded below its 50-day moving average or its 200-day moving average. It broke out last week above the November 2024 high price.
DT Midstream is an oil and gas exploration company with a market cap of $11.34 billion. The price-earnings ratio is 21. Earnings this year are down by 2.83% and there’s no five-year earnings record yet since it hasn’t been around that long. DT pays a 2.63% dividend.
Next Decade (Nasdaq: NEXT)
The stock last week broke out above the late July high resistance and established a new high on good volume. The 50-day moving average in early December crossed above the 200-day moving average, a generally positive indicator.
This Nasdaq-traded oil and gas exploration company has a market capitalization of $2.37 billion. Earnings this year are up by 33%. They are down over the past five years by 18%. The debt-to-equity ratio is a steep 5.17. NextDecade does not pay a dividend.
Targa Resources (NYSE: TRGA)
You can see how the stock has traded higher steadily since the early May low. Last week it broke above the November resistance level and hit a new high. Both the 50-day and the 200-day moving averages trend upward. The relative strength indicator (RSI, below the price chart) has entered overbought status.
Targar Resources is an oil and gas midstream company with a market cap of $47.04 billion.
United States Oil Fund (NYSE: USO)
Price in January established a new high after breaking above the early July resistance area. Note how the 50-day moving average has turned up and appears to be about to cross above the 200-day moving average.
According to the fund website, it’s “designed to track the daily price movements of light sweet crude oil.” Assets under management come to $1.06 billion.
Stats courtesy of FinViz.com. Charts courtesy of Stockcharts.com.
More analysis and commentary at johnnavin.substack.com.
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