XOP - Amid a surge in oil here are the Top 10 energy names according to SA Quant Ratings

2023-04-17 10:33:26 ET

Oil prices ( CL1:COM ) have jumped nearly 30% since hitting March lows, a rally that has carried many energy-related names higher. Within this group, what remains the best potential investment?

Oil has pushed back above $80 a barrel, which marks a 27.8% increase from its March 20th low point. In Monday's early trading, crude sat at $82.13/bbl. With the advance, the commodity is back above its 100-day moving average and currently approaching its 200-day moving average, which sits at $83.44/bbl.

Out of the universe of energy names, Seeking Alpha constructed a top 10 list based on its Quant Ratings . The system grades each stock on quantitative measures, such as profitability and valuation.  See the list below:

Top 10 Energy Stocks with the Highest Quant Grades

No. 10: Oil States International, Inc. ( OIS ): Strong Buy, quant rating 4.87 .

No. 9: Transportadora de Gas del Sur S.A. ( TGS ): Strong Buy, quant rating 4.89 .

No. 8: Valero Energy Corporation ( NYSE: VLO ): Strong Buy, quant rating 4.91 .

No. 7: Par Pacific Holdings ( PARR ): Strong Buy, quant rating 4.92 .

No. 6: NGL Energy Partners LP ( NGL ): Strong Buy, quant rating 4.93 .

No. 5: Marathon Petroleum Corporation ( NYSE: MPC ): Strong Buy, quant rating 4.97 .

No. 4: Riley Exploration Permian ( REPX ): Strong Buy, quant rating 4.97 .

No. 3: Weatherford International plc ( NASDAQ: WFRD ): Strong Buy, quant rating 4.97 .

No. 2: Teekay Tankers Ltd ( TNK ): Strong Buy, quant rating 4.98 .

No. 1: TORM plc ( NASDAQ: TRMD ): Strong Buy, quant rating 4.99 .

For investors that want a wider and more diversified stance to energy names, here are the five largest broad-spectrum energy exchange traded funds on the market:

• Energy Select Sector SPDR Fund ( XLE )
• Vanguard Energy ETF ( VDE )
• SPDR S&P Oil & Gas Exploration & Production ETF ( XOP )
• VanEck Oil Services ETF ( OIH )
• iShares Global Energy ETF ( IXE )

For another top 10 list, see Wall Street’s top 10 high dividend yielding stocks.

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