As crude oil prices have steadily risen, energy stocks have been leading the market. Since late June, oil prices have been up almost 30%. Crude oil now sits at levels last seen nearly a year ago.
This week’s screen looks for energy companies with a combination of deep value, low debt, and high dividend yields.
Screening Criteria
We considered the following factors when screening:
- Energy Sector
- Price to Earnings < 10
- Price to Book Value < 1.5
- Debt to Equity < 0.1
- Dividend Yield > 5%
Company Summaries
Chord Energy (CHRD)
Granite Ridge Resources (GRNT)
TXO Partners (TXO)
Vitesse Energy (VTS)
PermRock Royalty Trust (PRT)
Five for Friday
Five for Friday uses stock screens to produce five stocks that we expect will outperform if a particular investment theme plays out in the future. Investment themes may be relevant to the current or expected market, industry and/or economic trends. Investment themes may not always represent our current forecast.
Disclosure
This report is not a recommendation to buy or sell the named securities. We intend to elicit ideas about stocks meeting specific criteria and investment themes. Please read our disclosures carefully and do your own research before investing.
Michael Lebowitz, CFA is an Investment Analyst and Portfolio Manager for RIA Advisors. specializing in macroeconomic research, valuations, asset allocation, and risk management. RIA Contributing Editor and Research Director. CFA is an Investment Analyst and Portfolio Manager; Co-founder of 720 Global Research.
Follow Michael on Twitter or go to 720global.com for more research and analysis.
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