Amid the COVID-19 outbreak, US oil exports haven't declined. Since March, US crude oil weekly exports averaged 3.5 million barrels per day.
Looking at the top US-listed oil-producing companies’ stock prices, ExxonMobil, BP, and Chevron have fallen by 40.5%, 41.6%, and 31.5% in 2020.
The volatility in Henry Hub gas prices might concern investors. You could look for natural gas-weighted stocks like EQT and Cabot Oil & Gas.
On Monday, the WTI crude oil futures May contract fell as low as -$40.32 per barrel. Oil turned negative for the first time since its discovery in 1875.
On Wednesday, a Boeing 737 plane crashed in Iran. If the crash was due to a missile strike, how will international tensions and sanctions affect oil prices?
Investors' preference for top dividend stocks could increase in 2020. Among sector-specific ETFs, the Energy Select Sector SPDR ETF reigns supreme.
ExxonMobil's stock price has been flat year-to-date. HSBC cut its target price on the stock from $74.5 to $74 before the company's fourth-quarter earnings.
Utility stocks have been rallying for the last two years amid broader market volatility. The rally in these stocks steepened last year.
Wall Street analysts have given SunPower stock a mean target price of $8.56, which indicates a potential upside of 11.5% for the next 12 months.