3 High-Energy Stocks to Fuel Your Portfolio in H2 2023
After a period market by subsiding oil and natural gas prices, energy stocks appear to be back in the vogue at the start of the latter half of the year.
This trend is evident in the Energy Sector Fund (NYSE:XLE), which has surged 10% since the end of June. This performance positions it as the leading sector within the S&P 500 during this period.
There are two ways to invest in the energy sector. You could buy individual shares of companies within the sector. Or, you can invest in ETFs.
In terms of ETFs, there are two noteworthy options:
On the other hand, you can buy stocks showing early signs of strength, with the potential to have a very strong H2 2023.
Based in Houston, Texas, APA Corporation (NASDAQ:APA) is involved in the exploration and production of oil and gas across regions like the United States, Europe, Africa, and Latin America. It became the parent company of Apache Corporation in 2021.
The current dividend yield stands at +2.30%, with dividends of $0.25 per share distributed this year.
Notably, the results announced on August 2 showed strong performance, with revenues up by +11.9% and earnings per share (EPS) increasing by +18.9%. Investors can look forward to the next set of results on November 1.
As per the market analysis, the stock has the potential to reach $49.79, while InvestingPro's models estimate its value to be at $49.34.
The stock has shown a positive trend, with a 9% rally in the last month and +35% in the last three months. It has held on to its support level and bounced back strongly, remaining above its 50 and 200-day averages.
Originally established in 1926 as Société de prospection électrique, Schlumberger is now the world's largest oilfield services company.
Operating in over 85
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