Top Energy Stocks for April 2023
Despite the Energy Select Sector SPDR ETF (XLE) losing 3% year to date, versus the Russell 1000s 4% gain, names in the energy sector have rallied even in this tough macroeconomic environment. Tanker companies like TORM PLC (TRMD) and Teekay Tankers Ltd. (TNK), up 12% and 52% this year, respectively, have performed especially well, thanks to some of the highest tanker rates ever recorded. We look below at top energy stocks in three categories: best value, the fastest-growing, and those showing the most momentum in terms of 12-month return. All data is as of March 27, 2023. These are the energy stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. A low P/E ratio shows that youre paying less for each dollar of profit generated. Profit can be returned to shareholders in the form of dividends and share buybacks.Actions énergétiques au meilleur rapport qualité-prixPrix ($)Market Capitalization ($B)Ratio P / E sur 12 moisObsidian Energy Ltd (OBE)6.390.50.9Seadrill Ltd (SDRL)39.741.91.0Énergie PBF (PBF)42.525.51.8 Obsidian Energy Ltd.:Obsidian, formerly known as Penn West Petroleum Ltd., is a Canadian energy company exploring, producing, and developing oil and natural gas assets in the Western Canada Sedimentary Basin. Obsidian applied for a share buyback program in January and will repurchase up to