3 Standout Energy Stocks Up More Than 50% in 2023

The energy sector has not performed particularly well in 2023, currently trading down about 4% year-to-date (YTD).

However, there are handful of standout energy stocks that are not only outperforming the energy sector but also the stock market as a whole.

Here are 3 energy stocks that are up more than 50% YTD.

Petroleo Brasileiro S/A ADR A

Petróleo Brasileiro S.A. - Petrobras (PBR.A) is an American depositary receipt (ADR) representing ordinary shares of Petrobras, Brazil's state-owned oil company. Petrobras is one of the largest integrated energy companies in the world, with operations in exploration and production, refining and marketing, and gas and power. The company's shares are listed on the New York Stock Exchange (NYSE) and the São Paulo Stock Exchange (B3).

PBR.A is a popular investment among investors who are bullish on the Brazilian economy and the outlook for the oil and gas industry. The stock price has been volatile in recent years, but it has generally trended upwards in the long term.

Here are some of the key factors that investors should consider when evaluating PBR.A:

• The outlook for the Brazilian economy: Brazil is a major oil-producing country, and the health of the Brazilian economy is a key factor in the performance of Petrobras.
• The global oil and gas market: PBR.A is exposed to the global oil and gas market, and the price of oil is a key determinant of the company's profitability.
• The company's financial position: Petrobras has a high debt load, and investors should carefully consider the company's ability to service its debt obligations.

In 2023 the stock is trading 59% higher:

Frontline PLC

Frontline PLC (FRO) is a leading international shipping company engaged in the seaborne transportation of crude oil and oil products worldwide. The company owns and operates a fleet of oil and product tankers, with a focus on large crude oil tankers (VLCCs) and Suezmax tankers. Frontline's fleet is one of the largest and most modern in the world, with an average age of around 6 years. The company's vessels are employed on a variety of charter arrangements, including voyage charters, time charters, and pool agreements.

Frontline is headquartered in Limassol, Cyprus, and has offices in Bermuda, Houston, London, and Singapore. The company is listed on the New York Stock Exchange (NYSE) and has a market capitalization of approximately $4.8 billion.

Here are some of the key strengths of Frontline PLC:

• Modern and efficient fleet: Frontline's fleet is one of the largest and most modern in the world, with an average age of around 6 years. This gives the company a competitive advantage in terms of fuel efficiency and operating costs.
• Strong track record of profitability: Frontline has a strong track record of profitability, even in challenging market conditions. This is due in part to the company's diversified fleet and its experienced management team.
• Exposure to growing demand for oil: The demand for oil is expected to continue to grow in the coming years, driven by population growth and rising living standards in emerging markets. This will benefit Frontline, as it will increase demand for its tanker services.
• Experienced management team: Frontline is led by an experienced management team with a proven track record in the tanker shipping industry.

In 2023 the stock is trading 77% higher:

Dorian LPG Ltd.

Dorian LPG Ltd. (LPG) is a leading owner and operator of modern very large gas carriers (VLGCs). The company has a fleet of 25 VLGCs with an aggregate carrying capacity of approximately 2.1 million cbm and an average age, excluding 4 chartered-in VLGCs, of 8 years. Dorian LPG is committed to safe, reliable, and environmentally friendly transportation of LPG. The company's mission is to be the premier provider of LPG shipping solutions.

Here are some of the key strengths of Dorian LPG Ltd.:

• Modern and efficient fleet: Dorian LPG's fleet of VLGCs is one of the most modern and efficient in the world. The company's vessels are equipped with the latest technology and are designed to minimize their environmental impact.
• Strong track record of safety: Dorian LPG has a strong track record of safety, with no lost-time accidents in the past five years. The company is committed to providing its employees with a safe and healthy work environment.
• Experienced management team: Dorian LPG is led by an experienced management team with a proven track record in the LPG shipping industry. The company's management team is committed to growing the company and creating value for shareholders.
• Positive outlook for LPG shipping: The demand for LPG is expected to continue to grow in the coming years, driven by the increasing use of LPG as a cleaner and more environmentally friendly alternative to other fossil fuels. This will benefit Dorian LPG, as it will increase demand for its VLGC services.

In 2023 the stock is trading 95% higher: