Top Energy Stocks For 2019

The energy sector is made up of stocks that are related to the production and supply of energy around the world. The sector comprises upstream firms that are involved in the exploration and production of oil or gas reserves, such as EOG Resources Inc. (EOG). Also in the sector are downstream companies that refine and process oil and gas products for delivery to consumers, including HollyFrontier Corp. (HFC).

As contained in a report by the Energy Select Sector SPDR ETF (XLE), the energy sector has declined by 11.8% in the trailing 12-month period. This is far behind the S&P 500, which has climbed by 16.3% in the same time. All figures are as of November 18, 2019.

Notwithstanding the decline experienced in the energy, we will be looking at some energy stocks that performed well in 2019 in this article.

 

Devon Energy Corp. (NYSE: DVN)

Current stock price: $21.41

Devon Energy is an upstream oil company that is focused on the exploration and development of oil and gas resources. Devon Energy focuses its efforts primarily in the central United States. In a Q3 2019 earnings report on November 5, 2019, Devon Energy reported a significant decrease in profit on an annualized basis, owing in large part to the sale of its position in pipeline operator EnLink Midstream in 2018.

 

ConocoPhilips (NYSE: COP)

Current stock price: $58.89

One of the largest energy companies in the country, ConocoPhillips is involved in the exploration, production, transportation, and marketing of crude oil, natural gas, and related products. In a recent earnings call, ConocoPhillips revealed that, in spite of a major stock buyback program, the company is heavy in cash and short-term investments. As of the end of the most recent quarter, ConocoPhillips had about $8.4 billion in these areas, which may help it to pivot toward a greater focus on renewable energy.

 

Cimarex Energy Co. (NYSE: XEC)

Current stock price: $45.41

Upstream company Cimarex Energy is also focused on oil and gas exploration. Like Devon Energy, Cimarex focuses its operations primarily in the central U.S. Cimarex recently posted Q3 2019 earnings per share, which was below analyst expectations and down more than 50% from the prior year. Q3 revenue was down year-over-year as well, although Cimarex did beat analyst expectations for the most recent quarter.

 

Kinder Morgan Inc. (NYSE: KMI)

Current stock price: $19.15

Kinder Morgan focuses on midstream oil services, meaning it owns and control pipelines used to transport various gas and oil products. Kinder Morgan's operations are active across more than 150 terminals connected by some 85,000 miles of pipeline. This network may soon grow in size as Kinder Morgan works to finalize a deal to purchase Southcross Energy's pipeline system.

 

Baker Hughes Co. (NYSE: BKR)

Current stock price: $21.32

Baker Hughes is one of the largest oil field services companies in the world. This firm provides other energy companies with products related to exploration, drilling, and production. Formerly traded under BHGE, in October Baker Hughes changed its name to Baker Hughes Co. and began trading on the New York Stock Exchange under the symbol BKR.