Saturday, February 4, 2023

These are the ten energy companies with the best results in 2022

Energy stocks have posted a remarkable 2022, driven by higher oil and natural gas prices due to tight supply and rising demand. Experts expect a similar behavior next year as many of the factors that drove energy stocks higher this year could persist into 2023.

Oil and gas demand should continue to rise as countries recover from the pandemic. Additionally, supplies may remain limited due to the war between Russia and Ukraine. Let’s take a look at the 10 best performing energy companies in 2022.

Ten energy companies with the best results in 2022

We used year-to-date performance (as of December 29, 2022) of energy companies to rank the top 10 energy companies with the best results in 2022. We only considered energy companies with a market capitalization of more than $2 billion. Read on for our list of the 10 best performing energy companies in 2022. Here are the 10 best performing energy companies in 2022:

10. Hayes (87%)

Founded in 1920 and headquartered in New York City, the company is engaged in the exploration, development, production, transportation as well as the purchase and sale of crude oil, natural gas liquids and natural gas. Hayes Corp. (NYSE:HES) shares are up more than 27% over the past three months, but are down more than 3% in the past month.

As of this writing, Hess shares are trading above $137 with a 52-week range of $73.41 to $149.83.

9. Texas Pacific Land (90%)

Founded in 1871 and headquartered in Dallas, Texas, it owns land in Texas whose acreage and royalty ownership allows it to earn revenue through the entire value chain of oil and gas development. Shares of Texas Pacific Land Corp (NYSE: TPL) are up nearly 32% over the past three months, but are down more than 8% in the past month.

As of this writing, shares of Texas Pacific Land are trading above $2,340 with a 52-week range of $946.29 to $2,739.00.

8. Patterson-UTI Energy (92%)

Founded in 1978 and headquartered in Houston, Texas, the company provides drilling and pressure pumping, equipment rental, and directional drilling services. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares are up about 37% over the past three months, but are down about 7% in the past month.

As of this writing, shares of Patterson-UTI Energy are trading above $16, with a 52-week range of $8.31 to $20.53.

7. CVR Energy (100%)

Founded in 1906 and headquartered in Sugar Land, Texas, the company is dedicated to oil refining and marketing. CVR Energy, Inc. (NYSE:CVI) shares are up about 5% over the past three months, but are down about 19% in the past month.

As of this writing, shares of CVR Energy are trading above $30 and in a 52-week range of $16.47 to $43.61.

6. Helmreich & Payne (101%)

Established in 1920 and headquartered in Tulsa, Oklahoma, this company is engaged in contract drilling of oil and gas wells. Helmerich & Payne, Inc. (NYSE:HP) shares are up more than 26% over the past three months, but are down about 5% in the past month.

At the time of writing, shares of Helmreich & Payne are trading above $47 with a 52-week range of $23.57 to $54.59.

5. Western Petroleum (114%)

Founded in 1920 and headquartered in Houston, the company is dedicated to the exploration and production of oil and natural gas. Occidental Petroleum Corporation (NYSE: OXY) shares are down about 1% over the past three months and down about 10% in the last month alone.

At the time of writing, shares of Occidental Petroleum are trading above $61 with a 52-week range of $28.75 to $77.13.

4. Nextair Oilfield Solutions (153%)

Founded in 2016 and headquartered in Houston, it is an oilfield services company providing hydraulic fracturing, rig services, coiled tubing, wireline, cementing and other related services. Shares of Nexteer Oilfield Solutions Inc (NYSE:NEX) are up nearly 22% over the past three months, but are down more than 9% in the past month.

At the time of writing, shares of NexTier Oilfield Solutions are trading above $8.90 with a 52-week range of $3.53 to $12.50.

3. Peabody Energy (164%)

Established in 1883 and headquartered in St. Louis, Mo., this company is engaged in coal mining. Shares of Peabody Energy Corporation (NYSE:BTU) are up more than 8% over the past three months, but are down more than 15% in the past month.

As of this writing, shares of Peabody Energy are trading above $26 with a 52-week range of $9.83 to $33.29.

2. Console Energy (185%)

Founded in 1864 and headquartered in Canonsburg, Pennsylvania, the company is engaged in the production of bituminous coal, with a focus on the Appalachian Basin. Consol Energy Inc (NYSE:CEIX) shares are up more than 2% over the past three months and down nearly 13% in the last month alone.

As of this writing, shares of CONSOL Energy are trading above $63, with a 52-week range of $19.11 to $79.17.

1. PBF Energy (206%)

Founded in 2008 and headquartered in Parsippany, New Jersey, the company operates as a petroleum refiner, as well as supplying heating oil, lubricants, transportation fuels and other petroleum products. Shares of PBF Energy Inc (NYSE: PBF) are up more than 15% over the past three months and about 1% in the last month alone.

As of this writing, shares of PBF Energy are trading above $39, with a 52-week range of $12.81 to $49.00.

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