As the world continues to rely on oil and gas as major sources of energy, investors seeking opportunities in the energy sector may consider oil and gas stocks as potential investments. Despite the increasing focus on renewable energy, the demand for oil and gas remains significant, making these stocks attractive for investors looking for potential growth and profitability.
Here are three “Strong Buy” energy stocks from Wall Street –
Clean Energy Fuels Corp. – SYM: CLNE
Recent Price: $4.41
Price Target: $9.70
Firms with Buy Rating: Raymond James, Piper Sandler, Jefferies
Description: Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions in the United States and Canada.
===
Viper Energy Partners LP – SYM: VNOM
Recent Price: $30.59
Price Target: $39.20
Firms with Buy Rating: J.P. Morgan, Piper Sandler, Truist Financial
Description: Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was founded in 2013 and is based in Midland, Texas. Viper Energy Partners LP is a subsidiary of Diamondback Energy, Inc.
===
Hess Corporation – SYM: HES
Recent Price: $147.00
Price Target: $164.00
Firms with Buy Rating: Morgan Stanley, J.P. Morgan, Wells Fargo
Description: Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. The company was incorporated in 1920 and is headquartered in New York, New York.