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Best Oil Stocks Right Now

Texas Pacific Land (NYSE: TPL)

1259.88 -11.044 (-0.87%)
0.00K
9.76B
-
439.05 - 1773.95

Founded in 1888, Texas Pacific Land Trust is among the largest landowners in Texas. Its revenue streams consist of oil and gas royalties, easements, commercial leases, material sales and land sales. Texas Pacific Land Trust also provides water services such as water sourcing, water treatment, infrastructure development, water disposal and water tracking.

The oil stock has a market cap of $3.9 billion and has an EPS of 25.83. It has an annual dividend yield of $10 per share. Texas Pacific Land Trust trades more than 32,500 shares per day. It generated revenue of $490 million in 2019.

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TotalEnergies (NYSE: TTE)

52.32 0 (0%)
6.87K
138.14B
-
40.33 - 52.565

TotalEnergies is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2020, it produced 1.5 million barrels of liquids and 7.2 billion cubic feet of natural gas per day. At year-end 2020, reserves stood at 12.3 billion barrels of oil equivalent, 43% of which are liquids. The company operates refineries with capacity of nearly 2.0 million barrels a day, primarily in Europe, distributes refined products in 65 countries, and manufactures commodity and specialty chemicals. It also holds a 19% interest in Russian oil company Novatek.

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Marathon Oil (NYSE: MRO)

16.51 0.02 (0.12%)
48.80K
13.02B
-
3.73 - 16.84

An independent energy firm, Marathon Oil Corp. specializes in oil exploration and production. This industry took a hit in 2020 as the pandemic roiled global markets and depleted demand. Nevertheless, MRO stock makes a comeback as society gradually recovers from the health crisis.

The push for renewable energy may have hit a snag with the tragic winter storm in Texas. In a variable environment, it pays to have energy diversity. This may give MRO stock a surprising lifeline.

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Teekay Tankers (NYSE: TNK)

14.27 0.011 (0.08%)
0.00K
482.36M
-
8.9 - 16.09

Founded in 1973, Teekay Tankers is among the world’s largest marine energy transportation companies. It owns and operates more than 80 vessels and runs a large fleet of Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) vessels.

The energy stock has a market cap of $ and has an EPS of $. It has a 52-week low of $ and a 52-week high of $. Teekay Tankers has high liquidity and trades more than 488,480 shares per day. It generated revenue of $943 million in 2019.

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Kinder Morgan (NYSE: KMI)

18.67 0.02 (0.11%)
51.77K
42.32B
-
11.45 - 19.29

Kinder Morgan is one of the largest midstream energy firms in North America with 70,000 miles of U.S. natural gas pipelines and nearly 10,000 miles of oil and refined products pipelines. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan’s cash flows stem from fee-based contracts for handling, moving, and storing fossil-fuel products.

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Biggest Oil Movers of the Day

Oil stocks have been volatile during the coronavirus crisis due to a host of different reasons. Here are the biggest movers from today’s session.

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 Stocks
Symbol Last Price Change % Change Trade
PBT 8.19 1.03 14.38% Trade
WTI 4.545 0.475 11.67% Trade
TGA 2.79 0.28 11.15% Trade
GPP 15.44 1.29 9.11% Trade
NRP 31 1.65 5.62% Trade
SD 12.12 0.62 5.39% Trade
EQT 21.34 1.09 5.38% Trade
AMTX 19.3 0.97 5.29% Trade
YPF 4.73 0.21 4.64% Trade
CRC 44.53 1.95 4.57% Trade
Symbol Last Price Change % Change Trade
BTU 14.49 -1.41 -8.87% Trade
NFE 32.06 -2.47 -7.16% Trade
ARCH 92.04 -3.73 -3.9% Trade
NAT 2.49 -0.09 -3.49% Trade
ASC 4.21 -0.14 -3.22% Trade
DHT 6.885 -0.195 -2.76% Trade
SMLP 35.15 -0.94 -2.61% Trade
INT 31.81 -0.72 -2.22% Trade
EVA 64.245 -1.435 -2.19% Trade
KOS 4.095 -0.085 -2.04% Trade
Market Oil Stocks
Symbol Last Price Change % Change Trade
CTRA 21.69 0.28 1.3% Trade
SUN 42.5 0.5 1.19% Trade
VLO 81.95 0.91 1.12% Trade
MMP 50.92 0.54 1.07% Trade
SHLX 12.55 0.12 0.96% Trade
FRO 9.58 0.09 0.94% Trade
DHT 6.95 0.06 0.87% Trade
AMTX 19.45 0.12 0.62% Trade
VTNR 5.09 0.03 0.59% Trade
CRK 9.65 0.03 0.31% Trade
Symbol Last Price Change % Change Trade
PBR 10.32 -0.36 -3.38% Trade
TOPS 1.51 -0.04 -2.59% Trade
CNX 14 -0.35 -2.44% Trade
KMI 18.34 -0.31 -1.67% Trade
PBF 15.41 -0.22 -1.41% Trade
TELL 3.68 -0.05 -1.35% Trade
CEIX 30.5 -0.4 -1.3% Trade
GEVO 6.73 -0.08 -1.18% Trade
KOS 4.07 -0.04 -0.98% Trade
DM 7.17 -0.07 -0.97% Trade
After Hours Oil Stocks
Symbol Last Price Change % Change Trade
MMLP 3.55 0.15 4.41% Trade
VOC 5.3 0.12 2.31% Trade
ARLP 12 0.18 1.52% Trade
MGY 21.15 0.31 1.48% Trade
CTRA 21.74 0.31 1.44% Trade
DK 21.6 0.25 1.17% Trade
HNRG 3.47 0.04 1.16% Trade
CPG 5.15 0.055 1.07% Trade
SD 12.23 0.1 0.82% Trade
CCJ 27.09 0.21 0.78% Trade
Symbol Last Price Change % Change Trade
CNX 13.86 -0.49 -3.42% Trade
TOPS 1.51 -0.04 -2.59% Trade
PBR 10.45 -0.23 -2.16% Trade
KMI 18.4 -0.27 -1.45% Trade
NVGS 8.71 -0.1 -1.14% Trade
SMLP 34.89 -0.28 -0.8% Trade
GEVO 6.76 -0.05 -0.74% Trade
NGL 2.8 -0.02 -0.71% Trade
SWN 5.15 -0.03 -0.58% Trade
REX 85.98 -0.42 -0.49% Trade

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Oil has made headlines during this coronavirus crisis, although not for reasons investors want to see. In addition to a lack of demand due to the virus shutdowns, Russia and Saudi Arabia entered a price war that sent the price of WTI crude futures under $12. Yes, the pizza you ordered for dinner last Friday cost more than 1 barrel of oil does at the time of this writing. 

But, despite crises forcing the price down, both are hopefully temporary disruptions. Lockdowns won’t last forever and demand for travel will eventually return. The price war between Saudi Arabia and Russia might be vicious now, but neither side wants to see oil prices continue to plummet the way they have so far in 2020.

If you’re betting on an oil rebound, plenty of downtrodden stocks are currently trading at a discount. Here’s a few to keep an eye on.

Overview: Oil Stocks

Oil companies like ExxonMobil and BP are some of the oldest and largest publicly-traded firms in the market. Despite environmental headwinds, the oil and gas industry is still a multi-trillion dollar business composed of several different subsectors and business models. Oil companies are split into 3 distinct groups based on where they function in the pipeline. The 3 different groups are:

  • Upstream: Companies in the upstream subsector are involved in finding oil and pulling it out of the earth. Upstream companies search the globe for new oil reservoirs and assemble drill sites for extraction. Upstream companies often face significant financial hurdles since drilling and mining equipment is cumbersome and expensive. Occidental Petroleum (NYSE: OXY) and Whiting Petroleum (NYSE: WLL) are upstream firms that recently suffered severe debt issues.
  • Midstream: Midstream companies are transportation and storage firms. At this part of the process, the raw product needs to be treated, stored and shipped to suppliers. Companies that run pipelines or own oil tankers are often referred to as midstream since they bridge the gap between the drillers and the companies refining and selling the product to the public. 
  • Downstream: Finally, we have the refiners and suppliers. Downstream companies remove imperfections from the raw product and turn it into engine oil, gasoline, heating oil, etc. Many downstream companies also have operations in the midstream sector as well.

Many of the largest oil companies like ExxonMobil are known as integrated oil producers since they have branches involved in upstream, midstream and downstream operations. When buying oil companies, be sure to understand what sector of the industry they reside in. When prices are as low as they are currently, exploration and drilling companies could struggle under their heavy debt loads.

Best Online Brokers for Oil Stocks

Before investing in any oil stocks, you need to find the right brokerage account for your investments. Most major online discount brokers have access to the oil company shares you’re looking for, but beware of fees and commissions. Almost all brokers are commission-free for stocks and ETFs now, and most require no minimums to open an account. Paying a flat fee on every trade is a thing of the past — if your current broker isn’t commission-free, consider finding a new one.

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
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
  • 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
  • Free Level 2 market data for all users who open an account
  • Commission-free trading in over 5,000 different stocks and ETFs
  • Over 8,000 different stocks that can be sold short
  • $0 contract fee for trading options, no commission either
  • Strong market data and analysis tools with over 50 technical indicators
  • 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.
  • Active trading community with more than 100,000 app users
Cons
  • No phone or chat support
get started securely through Cobra Trading’s website
Best For
Short Selling
N/A
1 Minute Review

Cobra Trading is a direct access broker focused on access to short opportunities and order execution. Cobra has multiple short locate sources, giving traders access to the best short opportunities in the market. Cobra Trading also specializes in offering comprehensive, responsive customer service throughout the trading day. We recommend Cobra Trading to high-volume traders and short sellers.

Best For
  • Short Sellers
  • Day Traders and Scalpers
  • Traders who are tired of using a “Big Broker”
Pros
  • Affordable commissions
  • The DAS Platform
  • Excellent customer service
Cons
  • No trading under 25K
  • Not a self-clearing firm
get started securely through Charles Schwab’s website
Best For
Fund Investing
N/A
1 Minute Review

Charles Schwab is a solid choice for traders of all skill levels. It offers full access to the U.S. equity and options markets as well as 30 international markets. Traders can create a diverse portfolio with $0 commissions and no account minimums. Schwab’s margin trading is expensive but Schwab makes up for it with affordable futures and options trades, along with a comprehensive mobile offering.

Best For
  • 3 trading platforms perfectly in sync makes matching your platform to your skill level a snap
  • Excellent futures trading education for new traders
  • $0 account minimum means anyone can start trading
Pros
  • Wide range of available assets to trade, including futures and 30 global markets
  • SmartStreet Edge platform is powerful enough for advanced traders, yet easy enough for new traders to utilize
  • Unique educational resources (like infographics and podcasts) make learning fun
Cons
  • Margin rates are more expensive than competitors
  • More limitations on available margin than competitors
  • Expensive mutual funds
get started securely through TradeZero’s website
Best For
Scalping
N/A
1 Minute Review

TradeZero is an online broker and free stock trading platform that provides everything you need to successfully share and trade, including round-the-clock customer support. TradeZero provides four different trading state-of-the-art software programs with its services, a locator for sourcing shares for shorting, commission-free trades, and real-time streaming, to name a few of the features promoted on their website. The software is a unique and (potentially) affordable option for anyone interested in stock trading.

Best For
  • Traders seeking high transparency and mobility in a stock trading program
  • Those attracted to commission-free trades
  • Those seeking a free version of a high-quality trading program
Pros
  • 24/7 live customer support
  • Uses ZeroWeb technology, a powerful level 2 online platform with direct market access
  • Mobile app allows users to access stocks and trade in real-time while on the go
Cons
  • Enforces Pattern Day Trading restrictions (accounts need to maintain a daily equity balance of at least $25k)
  • Mobile app could offer more features
get started securely through Robinhood’s website
Best For
Beginners
N/A
1 Minute Review

Robinhood is the broker for traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Though its trading options and account types are limited, even an absolute beginner can quickly master Robinhood’s intuitive and streamlined platform. On the other hand, more advanced traders might be frustrated by Robinhood’s lack of technical analysis tools, a feature that’s now nearly universal across other platforms.

Best For
  • Beginner traders
  • Mobile traders
Pros
  • Streamlined, easy-to-understand interface
  • Mobile app with full capabilities
  • Can buy and sell cryptocurrency
Cons
  • Almost no trading analysis tools available
  • Only taxable brokerage accounts available
  • No option to open a retirement account
  • No access to mutual funds, forex or futures trading
  • Limited customer service

Features to Look for in Oil Stocks

  • Manageable debt load: Oil companies are usually burdened with large amounts of debt, especially upstream companies that require expensive equipment to operate. Excessive leverage has already caused a few oil companies to fail so far in 2020 and more will follow if prices continue to crash. Debt is a way of life for oil producers, so make sure the companies you buy can manage theirs.
  • Stable dividend: Oil stocks are known for their fat dividends and investors have enjoyed steady income from the industry for years. However, with oil stocks in the bargain bin and no end in sight to the headwinds pressuring the industry, dividends are on the chopping block. Energy firms like Williams Companies (NYSE: WMB) currently sport an 8.8% dividend that’s likely to be slashed in the near future. Don’t chase high dividends when the industry is facing this much uncertainty.
  • Sufficient cash reserves: Cash is king, especially when an unrelated crisis has driven demand into the ground. The energy sector is going to see some ugliness in the next few months as cash flow dries up, so companies with extra cash to deploy will be better positioned when the crisis subsides.

Trading Oil Stocks During a Price War

There’s no sugarcoating this — oil is a rough trade right now. Prices keep dropping and there’s pressure on the industry from both short-term and long-term headwinds. On April 20th, the price of WTI futures plummeted 40% in overnight trading alone. Renewable energy was gaining traction before the crisis hit and while cheap oil may boost demand once the world gets back to normal, it becomes a tougher and tougher industry to navigate, especially for capital intensive operations in the Upstream sector. 

However, it’s hard to resist buying quality companies when prices reach historic lows like these. Buying oil stocks might seem like a bad idea right now, but if demand snaps back sooner than expected, OPEC’s supply limitations could be effective. Oil won’t stay below $20 a barrel forever and many investors will want to buy in now when reputable companies are trading at such steep discounts. Oil is a finicky industry – be sure to do your homework before investing in a sector facing unprecedented uncertainty.

Continue reading: BEST OIL PENNY STOCKS

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0 Commissions and no deposit minimums. Everyone gets smart tools for smart investing. Webull supports full extended hours trading, which includes full pre-market (4:00 AM - 9:30 AM ET) and after hours (4:00 PM - 8:00 PM ET) sessions. Webull Financial LLC is registered with and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). It is also a member of the SIPC, which protects (up to $500,000, which includes a $250,000 limit for cash) against the loss of cash and securities held by a customer at a financially-troubled SIPC-member brokerage firm.