Best Oil Penny Stocks

Contributor, Benzinga

Athabasca Oil (OTC: ATHOF)

1.90 -0.01 (-0.52%)
66.01K
1.01B
1.89 - 1.9639
0.5067 - 2.28

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.

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Transportadora de Gas (NYSE: TGS)

6.50 0.1 (1.56%)
11.22K
978.59M
6.42 - 6.7698
4.05 - 7.65

Transportadora is a leader in natural gas liquid production and distribution. It operates the longest pipeline system in Latin America and reaches a total length of 9,231 km. Through its distribution channels and partners, Transportadora serves more than 6.2 million natural gas consumers.

The natural gas stock has a market cap of $871 million and an EPS of $1.07. It has a 52-week low of $3.72 and a 52-week high of $7.69. Transportadora trades more than 18,010 shares per day. It generated revenue of $48 billion in 2019.

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Clean Energy Fuels (NASDAQ: CLNE)

4.96 0.13 (2.69%)
2.27M
1.10B
4.77 - 5.02
4.02 - 14.5

Clean Energy Fuels is a major producer and provider of natural gas. It runs and operates over 530 fueling stations across 43 states in the U.S. and Canada. Clean Energy Fuels also provides Redeem, a renewable natural gas made entirely from organic waste for commercial vehicles. Redeem is 70% cleaner than gasoline and diesel, making it a smart choice for heavy-duty fleets and trucks.

The natural gas stock has a market cap of $529 million and an EPS of $0.16 and trades more than 673,000 shares per day. Clean Energy Fuels generated revenue of $344 million in 2019.

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Houston American Energy (AMEX: HUSA)

3.37 -0.12 (-3.44%)
4.38M
33.46M
3.22 - 3.72
1.07 - 16.61

Headquartered in Houston, Texas, Houston American Energy Corp is engaged in oil and gas exploration and production.

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Baytex Energy (OTC: BTEGF)

5.13 0.0301 (0.59%)
38.49K
2.92B
5.1 - 5.19
1.24 - 5.7099

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.

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Oil Penny Stock Movers of the Day

When looking for the best oil penny stocks to trade, target the biggest movers. If you’re a newbie this could be exhausting. Luckily, we have you covered. Check out our daily updated list of the biggest oil penny stock movers of the day.

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

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Premarket Oil Penny Stocks
Symbol Last Price Change % Change Trade
UGP 2.94 0.21 7.69% Trade
DM 2.045 0.125 6.51% Trade
GEVO 3.89 0.21 5.7% Trade
MMLP 4.4078 0.218 5.19% Trade
NGL 1.995 0.065 3.36% Trade
CLNE 4.955 0.125 2.58% Trade
YPF 4.48 0.06 1.35% Trade
GASS 2.58 0.03 1.17% Trade
TOPS 0.6959 0.007 1.05% Trade
PVL 3.635 0.025 0.69% Trade
Symbol Last Price Change % Change Trade
NAT 2.63 -0.13 -4.72% Trade
USEG 3.96 -0.19 -4.58% Trade
PHX 3.41 -0.1 -2.85% Trade
OSG 2.09 -0.06 -2.8% Trade
GLOP 5.02 -0.12 -2.34% Trade
HNRG 4.32 -0.08 -1.82% Trade
TGA 4.14 -0.04 -0.96% Trade
TK 3.38 -0.01 -0.3% Trade
BKEP 4.515 -0.005 -0.12% Trade
Market Oil Penny Stocks
Symbol Last Price Change % Change Trade
NGL 2.06 0.13 6.73% Trade
DM 2.02 0.1 5.2% Trade
PHX 3.67 0.16 4.55% Trade
TOPS 0.72 0.031 4.55% Trade
GEVO 3.82 0.14 3.8% Trade
YPF 4.55 0.13 2.94% Trade
CLNE 4.93 0.1 2.07% Trade
PVL 3.68 0.07 1.93% Trade
TGA 4.24 0.06 1.43% Trade
UGP 2.76 0.03 1.09% Trade
Symbol Last Price Change % Change Trade
USEG 4.1 -0.05 -1.21% Trade
NAT 2.75 -0.01 -0.37% Trade
After Hours Oil Penny Stocks
Symbol Last Price Change % Change Trade
DM 2.1 0.04 1.94% Trade
CLNE 5.05 0.09 1.81% Trade
TOPS 0.71 0.01 1.42% Trade
YPF 4.53 0.04 0.89% Trade
NAT 2.64 0.02 0.76% Trade
Symbol Last Price Change % Change Trade
GEVO 3.86 -0.04 -1.03% Trade
PHX 3.39 -0.03 -0.88% Trade

The corona pandemic might have rocked the global economy, especially the oil industry, but penny stocks survived. Penny stocks offer high risk and high rewards at the same time, including oil penny stocks. 

A barrel of oil experienced a negative price range for the first time in April 2020. Many companies in the oil industry reported substantial losses. The oil price dropped so low in April 2020 that some companies were willing to pay people to take barrels of crude oil from them. Just a month later, there seems to be hope for oil companies. 

The year 2020 experienced plenty of global market volatility. Oil penny stocks seem to be moving higher in the market, but not all penny stocks are. This reaction is attributed to the opening of most economies in the world within a few weeks. The opening of global economies affects oil penny stocks. Most penny stocks act independently — broader markets might decline but penny stocks will still fly high.

Oil penny stocks are penny stocks of small companies, which deal in the oil and gas industry. These stocks offer short-, medium- and long-term investment opportunities. As a trader, you can enjoy the flexibility and make money from penny stocks. You can maximize your premiums by trading in stocks, which have low share prices and high upside potential.

If you’re looking for penny stocks to buy, we at Benzinga have compiled the best oil penny stocks for you to consider.

Overview: Oil Penny Stocks

Penny stocks trade outside the top market exchanges. A lot of speculation and high risk is associated with these small-cap stocks. The specific definition of penny stocks varies among different countries. In the western market, penny stocks are stocks that trade below $5

They are classified as micro-cap stocks because their market capitalization is less than $300 million. Just like other stocks, penny stocks offer an opportunity for potential investment. 

Penny stocks have the following traits:

  • They lack liquidity.
  • Information related to penny stocks is never readily available to the public.
  • Most penny stocks lack history regarding assets, revenues, operations, and products.  
  • They do not have minimum standards.

The oil and gas industry is experiencing 2 global disasters: the COVID-19 pandemic and the oil price wars. This caused oil and gas stock prices to drop. With many people implementing social distancing, motor vehicles were not in use. Despite the panic of the oil industry, it’s evident that oil stocks are bouncing back.

With oil stocks on the upswing, the stock market has a lot of opportunities for investors. There have been global output cuts of crude oil due to the low demand for oil in many countries. Also, the strained relationship between the U.S. and China is closely being monitored by investors. If the friction leads to the erosion of the Phase 1 trade agreement, this will affect the oil prices negatively. More uncertainty in the U.S. financial markets has been fueled by the recent violent unrest in major U.S. cities.

Despite having high risks, oil penny stocks have a possibility of yielding very high returns from low investment. Oil penny stocks are regulated at a national level by a stock exchange. The U.S. Securities and Exchange Commission (SEC) has its own definition of penny stocks. These stocks have the following features:

  • Shares of a small company trade below $5; shares of private companies lack an active trading market. 
  • Trading shares are done over the counter but they can be listed on both local and foreign securities exchanges. 
  • Shares are very illiquid.
  • Pricing of shares is difficult due to a lack of price quotations. 

Penny stocks are placed in their independent category known as a trade-to-trade basket. This is because of the high risk associated with them. Penny stocks can be traded both in and outside the stock exchange. Transactions are done on a gross basis.

It’s important to understand all the risks associated with oil penny stocks. Although these small caps offer a wonderful investing opportunity with plenty in the market, you need to know which ones to avoid and which ones to trade. You can use a stock screener, which is a smart trading program. A stock screener helps you identify exciting oil penny stocks.

To be a pro at trading penny stocks, you need to come up with trading strategies. Following these trading strategies could help you make money in the short, medium and long term.

Best Online Brokers for Oil Penny Stock

Below is our list of best online brokers to use when you want to trade in these stocks.

get started securely through Webull’s website
Best For
Intermediate Traders and Investors
N/A
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in mutual funds, bonds or OTC stocks
get started securely through Moomoo’s website
Best For
Active Traders
N/A
1 Minute Review

Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd., it’s backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device.

Best For
  • Cost-conscious traders
  • Active and Advanced traders
Pros
  • Over 8,000 different stocks that can be sold short
  • Access trading and quotes in pre-market (4 a.m. to 9:30 a.m. ET) and post-market hours (4 p.m. to 8 p.m. ET)
  • No minimum deposit to open an account.
Cons
  • No chat support
Get started securely through Axos Invest’s website
Best For
Sign Up Bonus
N/A
1 Minute Review

It seems like new digital investment management platforms are sprouting up left and right, and for good reason — there’s a great need for easy, straightforward investment management that doesn’t cost an arm and a leg in fees or to get started. If you’re new to investing or an old hat who wants to make the switch to a virtual manager, deciding which features you need can be confusing if not overwhelming.

If you want a no-frills financial management platform, Axos Invest (formerly WiseBanyan) takes a traditional but sophisticated approach to automated online investing.

Best For
  • Traditional investors trying out an automated investor for the first time
  • New investors that want to take a hands-off approach to portfolio management
Pros
  • Straightforward automated investing
  • Relatively low account minimum and automated investing fee
  • A solid roster of available investment account types
Cons
  • Not a stand-out from other services if you’re someone who likes all the bells and whistles with your digital financial platform
  • No direct relationship with a human financial advisor
get started securely through Interactive Broker’s website
Best For
GlobalAnalyst Product
N/A
1 Minute Review

This latest groundbreaking technology is IBKR GlobalAnalyst, a new trading tool that helps investors compare the rate of PEG or price-earnings growth valuations and provide more immediate and comprehensive financial metrics of stocks, globally.

Recognizing that stock selection can be challenging for investors to compare the valuations of domestic and international stocks, Interactive Brokers created GlobalAnalyst to offer investors a simple, yet powerful tool to easily evaluate investment opportunities around the world.

Using GlobalAnalyst, investors can search for stocks by region, country, industry, market capitalization and currency to uncover undervalued stocks worldwide. The resulting table displays the current market and financial metrics, including the PEG Ratio. The PEG Ratio is the PE ratio divided by the three-year compound earnings growth rate, and smaller PEG Ratios typically indicate undervalued companies.

Best For
  • Price earnings growth valuations
Pros
  • Easily evaluate investment opportunities
Cons
get started securely through eToro’s website
Disclosure: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Best For
Copy Trading
N/A
1 Minute Review

eToro is a broker that offers access to over 25 of the world’s most popular cryptocurrencies, forex and over 1600 stocks. They have a few unique education and useability tools. Traders can begin buying and selling in as little as 10 minutes.

eToro’s unique CopyTrader feature allows new investors to “copy” the buy and sell orders of professional investors, while the company’s eToro Club feature provides investors with a range of additional education tools and resources. 

Best For
  • Traders looking for an easy-to-use platform
  • Traders who want to practice their trades using a virtual account before entering the market
Pros
  • Simple platform that is easy to master
  • CopyTrader feature that allows new traders to copy the same strategies used by professionals
  • Virtual dummy account that gives you $100,000 to practice trades
Cons
  • High non-trading fees

Are Oil Penny Stocks Attractive? 

When it comes to oil penny stocks, you need all the intel you can gather. Information from analysts should be part of your trading strategy. Due to their volatility, it’s always important to be updated on the latest oil penny stock news. Your penny stocks trading strategy could benefit you in a high-risk trading environment. Consistent research will help you make a more informed decision in trading.

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