Here are five top energy ETFs investors can consider buying in 2024 to benefit from higher oil prices.
Small and mid-cap energy equipment specialists Weatherford, Archrock & TechnipFMC have strong charts and are expected to grow earnings at triple-digit rates.
Oilfield services and equipment makers outperform explorers and producers as the energy sector faces challenges, including declining oil prices and rig counts.
As the wider energy sector rebounds, mid-caps Weatherford and Tidewater are expected to grow 2023 earnings at triple or quadruple-digit rates.
Marathon Oil (MRO) spent $601 million in capital and exploratory expenditures during the quarter and raked in $309 million in adjusted free cash flow.
The mean of analysts' price targets for Weatherford (WFRD) points to a 28.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts...
Sector ETF report for XES
USA Compression Partners (USAC) projects full-year 2023 DCF between $260 million and $280 million, while it sees adjusted EBITDA in the range of $490-$510 million.
Here is how Weatherford (WFRD) and YPF Sociedad Anonima (YPF) have performed compared to their sector so far this year.