Oil prices have been climbing and oil and gas stocks have been on the move the last week. These stocks should be in your watchlist as some experts expect oil to hit 90 or even higher.
Matador Resources Co (NYSE:MTDR) stock has been witnessing major buying activities over the past with a jump of over 23.50% and leading among the top ten stock gainers in the oil & gas sector. Moreover, the stock has soared 197% so far this year. Earlier this month, JPMorgan issued an upgrade for Matador Resources (NYSE: MTDR) calling it out as a top pick among the combo producers. JPMorgan gave Matador a two-notch upgrade to Overweight from Neutral and set a price target of $37.
Devon Energy Corp (NYSE:DVN) is another stock in the energy sector which has been showing consistent rise. The stock has surged 23% over the past one week. Moreover, the stock has soared 118% so far this year. Devon Energy Corp, one of the largest oil and gas producers in New Mexico agreed to pay $6.15 million to settle allegations it underpaid royalties for natural gas from federal lands here and in Wyoming, the U.S. Department of Justice announced on Monday.
Murphy Oil Corporation (NYSE:MUR) stock continued to trend higher on Tuesday’s trading session. MUR stock ended higher by 0.37% to $24.43 with more than 2.69 million shares exchanged hands, well above its average volume of 2.07 million shares. The stock has moved up about 21.50% in the past one week. The stock is trading above 250% from its 52-week low and 6% away from its 52-week high.
Nabors Industries Ltd. (NYSE:NBR) stock is showing a very bullish move over the past few trading session as the stock jumped to 2 months high. In fact the stock has increased by 21% over the past week. Recently, the company maintained its financial outlook for the third quarter of 2021. The Company published the original outlook in the July press release detailing results for second quarter of 2021.
Marathon Oil Corporation (NYSE:MRO) stock is in bullish zone considering the stock jumped to multi-month high this week. The stock has moved up about 21% in the past week. The stock is trading above 268% from its 52-week low and just 4% away from its 52-week high.
Oil and gas investors may also want to look at Allied Energy Corp. (OTCMKTS:AGYP) as it begins pumping oil from wells in Texas. As energy peaks in price and demand, AGYP is an independent that has literally struck oil and has started pumping barrels when domestic buyers need it most.
