In this part, we’ll discuss Ring Energy (REI), Tellurian (TELL), Centennial Resource Development (CDEV), Sandridge Energy (SD), and Energen’s (EGN) stock performances. These stocks have the lowest leverage (measured by the asset-to-equity ratio) as of the first quarter.
Outliers and underperformers
Tellurian, Energen, and Centennial Resource Development have all given similar performances in the past year. Tellurian stock has risen 25.4% YoY (year-over-year), Energen stock has risen 25.3% YoY, and Centennial stock has risen 24% YoY.
Ring Energy has increased ~17% YoY. Sandridge Energy (SD) has underperformed its peers. Sandridge Energy stock has declined 25.65% YoY.
Next, we’ll discuss the top five undervalued upstream companies.