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Ampol (OTC:CTXAY) Stock, Option Chain

Ampol

CALTEX AUSTRALIA ADR

Ampol (nee Caltex) is the largest and only Australian-listed petroleum refiner and distributor, with operations in all states and territories. It was a major international brand of Chevron's until that 50% owner sold out in 2015. Caltex transitioned to Ampol branding due to Chevron terminating its licence to use the Caltex brand in Australia. Ampol has operated for more than 100 years. It owns and operates a refinery at Lytton in Brisbane, but closed Sydney's Kurnell refinery to focus on the more profitable distribution/retail segment. It successfully completed a NZD 2.0 billion bid for New Zealand peer Z Energy in first-half 2022.

Earnings

News

CTXAY

Caltex Australia Posts Drop In Profit

Caltex Australia Posts Drop In H1 Profit

Caltex Australia Posts Full-Year Profit

Ampol Ltd

Caltex Australia (OTC: <a class="ticker" href="/stock/ctxay#OTC">CTXAY</a>) reported a drop in its annual profit.

Caltex Australia's net profit on a replacement cost basis fell 28% to 332 million Australian dollars (US$298 million). The company in December expected a profit of A$320 million to A$340 million.

Caltex Australia shares closed at $37.00 on Friday.

Caltex Australia (OTC: <a class="ticker" href="/stock/ctxay#OTC">CTXAY</a>) reported a drop in its first-half profit.

Caltex Australia's net profit on a replacement cost-of-sales basis fell to 171 million Australian dollars (US$154 million). The company had earlier expected a profit of A$160 million to A$175 million.

Its profit on a historical cost basis increased 17% to A$195 million.

Caltex Australia (OTC: <a class="ticker" href="/stock/ctxay#OTC">CTXAY</a>) posted a profit in the full year. 

Caltex swung to a net profit of 57 million Australian dollars (US$58.6 million), versus a year-ago loss of A$714 million.
Its net profit on a replacement cost basis surged 74% to A$458 million. 

Caltex also declared a final dividend of 23 cents per share, versus 28 cents a share, in the year-ago period.

Caltex Australia Ltd (OTC: <a class="ticker" href="/stock/ctxay#OTC">CTXAY</a>) reported a rise in its first-half profit. 

Caltex Australia's net profit for the period surged to 197 million Australian dollars (US$205.2 million), versus A$113 million, in the year-ago period. The company earlier expected a net profit of A$185 million to A$205 million.

Caltex Australia Posts Rise In H1 Profit

Caltex Australia Ltd (OTC: <a class="ticker" href="/stock/ctxay#OTC">CTXAY</a>) expects a rise in its first-half profit.

Caltex Australia projects net profit for the period on a replacement-cost-of-sales operating basis to surge to A$185 million-A$205 million, versus A$113 million in the year-ago period. It expects net profit on an historic cost profit basis of A$150 million to A$170 million, versus A$270 million.

Guidance

Caltex Australia Projects Rise In H1 Profit

Lowe's Companies Inc (NYSE: <a class="ticker" href="/stock/low#NYSE">LOW</a>) posted a rise in its fourth-quarter profit. Lowe's quarterly profit climbed to $322 million, or $0.26 per share, from $285 million, or $0.21 per share, in the year-ago period. The latest quarter results included one-time charges of $0.03 per share. Its revenue climbed 11% to $11.6 billion. However, analysts were expecting a profit of $0.24 per share on sales of $11.3 billion. Lowe's projects 2013 earnings between $1.75 and $1.85 per share, versus analysts' estimates of $1.81 per share.

AES Corp (NYSE: <a class="ticker" href="/stock/aes#NYSE">AES</a>) posted a narrower fourth-quarter loss. AES also cut its full-year adjusted earnings forecast to $1.22 to $1.30 per share, versus its earlier forecast of $1.27 to $1.37 per share. AES posted a quarterly loss of $209 million, versus a year-ago loss of $436 million. Its earnings from continuing operations dropped to $0.12 per share from $0.16 per share. Excluding special items, AES' adjusted earnings came in at $0.23 per share. However, analysts were expecting earnings of $0.22 per share. AES' revenue climbed 0.9% to $4.27 billion. Its gross margin rose to 25.7% from 24.3%.

Charter Communications Inc (NASDAQ: <a class="ticker" href="/stock/chtr#NASDAQ">CHTR</a>) posted a wider-than-expected fourth-quarter loss. Charter Communications posted a quarterly loss of $67 million, or $0.63 per share, versus a year-ago loss of $85 million, or $0.75 per share. Its revenue rose 2.8% to $1.83 billion. However, analysts were expecting a loss of $0.32 per share on revenue of $1.83 billion. Charter Communications' operating costs and expenses climbed 4.1%. Average revenue per residential customer gained 2%.

Armstrong World Industries Inc (NYSE: <a class="ticker" href="/stock/awi#NYSE">AWI</a>) posted weaker-than-expected fourth-quarter results. Armstrong World Industries projects 2012 adjusted earnings of $2.75 to $3.15 per share on sales of $2.9 billion to $3 billion. However, analysts were projecting earnings of $2.91 per share on revenue of $3 billion. Armstrong World Industries posted a quarterly net income of $8.5 million, or $0.14 per share, versus a year-ago net loss of $21 million, or $0.36 per share. Excluding items, Armstrong World Industries earned $0.16 per share, versus analysts' estimates of $0.29 per share. Its sales climbed 1% to $652.1 million, versus analysts' estimates of $669.8 million.

Valeant Pharmaceuticals International Inc (NYSE: <a class="ticker" href="/stock/vrx#NYSE">VRX</a>) posted a fourth-quarter profit. Valeant Pharmaceuticals posted a quarterly net income at $55.9 million, or $0.18 per share, versus a year-ago net loss of $31.1 million, or $0.10 per share. Its revenue climbed 34% to $688.5 million. Its adjusted cash income came in at $297.7 million, or $0.94 per share. Analysts were expecting earnings of $0.85 per share.

Cooper Tire &amp; Rubber Co (NYSE: <a class="ticker" href="/stock/ctb#NYSE">CTB</a>) posted a rise in its fourth-quarter profit. Cooper Tire &amp; Rubber posted its quarterly net income from continuing operations of $209 million, or $3.33 per share, up from $40.2 million, or $0.64 per share, in the year-ago period. Excluding items, the company earned $0.51 per share, versus analysts' estimates of $0.39 per share. Cooper Tire &amp; Rubber's sales surged 14% to $1.05 billion, versus analysts' estimates of $1.02 billion.

Quicksilver Resources Inc (NYSE: <a class="ticker" href="/stock/kwk#NYSE">KWK</a>) posted a weaker-than-expected adjusted fourth-quarter profit. Quicksilver Resources' quarterly net profit dropped to $49 million, or $0.28 per share, from $332 million, or $1.82 per share, in the year-ago period. Its revenue declined 10% to $216 million. Excluding items, Quicksilver Resources broke even. However, analysts were expecting earnings of $0.01 per share on revenue of $217.1 million.

Gran Tierra Energy Inc (NYSE: <a class="ticker" href="/stock/gte#NYSE">GTE</a>) posted a surge in its quarterly profit. Gran Tierra Energy's October-December profit surged to $32.5 million, or $0.11 per share, from $13.1 million, or $0.04 per share, in the year-ago period. Its revenue and other income surged 44% to $161.8 million.

Caltex Australia Ltd (OTC: <a class="ticker" href="/stock/ctxay#OTC">CTXAY</a>) reported a loss in 2011. Caltex Australia posted a net loss of A$714 million, versus a profit of A$317 in 2010. Its profit on a replacement cost of sales operating basis dropped to A$264 million from A$318 million, versus company forecast of A$245 million-A$265 million. Caltex Australia declared a final dividend of 28 cents per share, versus 30 cents per share, in the year-ago period. Its revenue from ordinary activities surged 18% to A$22.11 billion from A$18.67 billion.

Transocean Ltd (NYSE: <a class="ticker" href="/stock/rig#NYSE">RIG</a>) posted a wider Q4 net loss. Transocean posted a quarterly loss of $6.12 billion, or $18.62 per share, versus a year-ago loss of $799 million, or $2.51 per share, in the year-ago period. The latest quarter results were hurt by special items of $18.80 per share. Its revenue rose to $2.42 billion from $2.13 billion. However, analysts were expecting a profit of $0.24 per share on revenue of $2.34 billion.

Pearson PLC (NYSE: <a class="ticker" href="/stock/pso#NYSE">PSO</a>) posted a drop in its net profit in 2011. Pearson's attributable net profit for 2011 declined to 957 million pounds ($1.52 billion), versus a profit of 1.3 billion pounds in 2010. Its sales climbed 3.5% to 5.86 billion pounds from 5.66 billion pounds. 

HSBC Holdings PLC (NYSE: <a class="ticker" href="/stock/hbc#NYSE">HBC</a>) reported a 28% rise in its 2011 profit. HSBC's 2011 profit surged to $16.79 billion, or $0.92 per share, from $13.16 billion, or $0.73 per share in 2010. Its net interest income surged to $40.66 billion from $39.44 billion. However, analysts were expecting a net profit of $16.79 billion and net interest income of $40.32 billion. HSBC's loan impairment charges and other credit risk provisions came in at $12.13 billion in 2011. 

Hang Seng Bank Ltd (OTC: <a class="ticker" href="/stock/hsngy#OTC">HSNGY</a>) posted a 12% rise in its net profit in 2011. Hang Seng Bank's net profit for the period climbed to HK$16.68 billion, from HK$14.92 billion in 2010. However, analysts were expecting a net profit of HK$16.13 billion. Net interest income at Hang Seng Bank's core lending business surged 10% to HK$15.74 billion from HK$14.30 billion.

Markets

CHTR

HSNGY

Earnings Roundup

Caltex Australia Ltd (OTC: <a class="ticker" href="/stock/ctxay#OTC">CTXAY</a>) reported a loss in 2011.

Caltex Australia posted a net loss of A$714 million, versus a profit of A$317 in 2010. Its profit on a replacement cost of sales operating basis dropped to A$264 million from A$318 million, versus company forecast of A$245 million-A$265 million. 

Caltex Australia declared a final dividend of 28 cents per share, versus 30 cents per share, in the year-ago period. 

Its revenue from ordinary activities surged 18% to A$22.11 billion from A$18.67 billion.

Dividends

Caltex Australia Posts 2011 Loss, Declares Dividend

Caltex Australia Ltd (OTC: <a class="ticker" href="/stock/ctxay#OTC">CTXAY</a>) reported a drop in its realized refiner margin for November. 

Caltex Australia's November realized refiner margin fell to US$5.59 a barrel from US$6.64 a barrel.

Caltex Australia Reports Decline In November Realized Refiner Margin

Suntech Power Holdings Co Ltd (NYSE: <a class="ticker" href="/stock/stp#NYSE">STP</a>) reported a wider second-quarter loss and lowered its revenue projections for the year. Suntech reported a quarterly loss of $259.5 million, or $1.44 per American depositary share (<a class="ticker" href="/stock/ads#">ADS</a>), versus a year-ago loss of $174.9 million, or $0.97 per ADS, in the year-ago period. Excluding one-time items, Suntech reported a loss of $0.19 per ADS. Suntech's quarterly revenue surged 33% to $830.7 million. However, analysts were expecting earnings of $0.15 per share on revenue of $800 million. Suntech lowered its revenue forecast for the year to $3.2 billion to $3.4 billion, versus its earlier forecast of $3.3 billion to $3.5 billion. 

Geely Automobile Holdings Ltd (OTC: <a class="ticker" href="/stock/gelyy#OTC">GELYY</a>) reported a 17% rise in its first-half net profit. Geely's net profit for the period rose to CNY937.6 million, from CNY804.8 million, in the year-earlier period. Its revenue climbed 14% to CNY10.54 billion from CNY9.24 billion.

Treasury Wine Estates Ltd (OTC: <a class="ticker" href="/stock/tsryy#OTC">TSRYY</a>) reported a 6.6% drop in its volume of wine sales for the full year. Treasury Wine Estates' net profit for the period came in at A$64.1 million. Its revenue from ordinary activities rose 2% to A$1.47 billion, from A$1.45 billion, in the year-ago period. However, its revenue on a pro-forma basis dropped 7.3% at A$1.8 billion, from A$1.94 billion, in the year-ago period. Treasury Wine Estates also announced its plans to pay a final dividend of 6 cents per share.

China Resources Power Holdings Co (OTC: <a class="ticker" href="/stock/crpjy#OTC">CRPJY</a>) reported a 1% rise in its first-half net profit. The group's net profit for the period rose to HK$2.48 billion (US$319 million), from HK$2.46 billion, in the year-ago period. Its revenue climbed 37% to HK$29.03 billion from HK$21.16 billion. The group also recommended a first-half dividend of HK$0.06.

Petrofac Ltd (OTC: <a class="ticker" href="/stock/pofcy#OTC">POFCY</a>) reported a 31% rise in its first-half net profit. Petrofac's net profit for the period rose to $246.5 million. Its revenue surged 25% to $2.71 billion. Petrofac also raised its interim dividend payment by 26% to 17.4 cents per share.

Amlin PLC (OTC: <a class="ticker" href="/stock/aplcy#OTC">APLCY</a>) swung to a first-half loss. Amlin made a pretax loss of GBP192.3 million for the six months ended June 30, versus a profit of GBP107.6 million, in the year-ago period.

Caltex Australia Ltd (OTC: <a class="ticker" href="/stock/ctxay#OTC">CTXAY</a>) reported a 24% drop in its first half profit. Caltex Australia's net profit on a replacement cost of sales operating basis for the period declined to A$113 million, from A$149 million, in the year-ago period. Its net profit on a historical cost basis surged 91% to A$270 million from A$141 million. Caltex Australia's fuels sales volumes gained 4.3%. Caltex Australia also declared an interim dividend of 17 cents per share, versus 30 cents per share, in the year-earlier period.

Bluescope Steel Ltd (OTC: <a class="ticker" href="/stock/blsfy#OTC">BLSFY</a>) announced its plans to close operations and lower 1,000 jobs, as it swung to a fiscal-year loss. Bluescope Steel swung to a loss of 1.1 billion Australian dollar ($1.1 billion), versus a profit of A$126 million, in the year-earlier period.

Pre-Market Outlook

APLCY

BLSFY

CRPJY

GELYY

POFCY

TSRYY

Earnings Roundup 

Caltex Australia Ltd (OTC: CTXAY) reported a 24% drop in its first half profit.

Caltex Australia's net profit on a replacement cost of sales operating basis for the period declined to A$113 million, from A$149 million, in the year-ago period. Its net profit on a historical cost basis surged 91% to A$270 million from A$141 million. Caltex Australia's fuels sales volumes gained 4.3%.

Caltex Australia also declared an interim dividend of 17 cents per share, versus 30 cents per share, in the year-earlier period.

Caltex Australia Reports 24% Decline In Profit

The energy market, witnessing a sturdy surge in worldwide energy demand, indicates an upward trajectory for oil prices, creating lucrative opportunities for the energy sector players. Therefore, quality oil and gas stocks Cheniere Energy Partners, L.P. (CQP), Ampol Limited (CTXAY), and Scorpio Tankers (STNG) could be solid buys, energizing the portfolio this December. Read on… Amid the ongoing geopolitical unrest, robust oil demand, optimistic industry projections, and OPEC+ production cuts, an escalation in crude prices is anticipated. This prospect is stoking investors' attention toward the industry, specifically targeting companies well-positioned to yield substantial profits.
Given this backdrop, fundamentally strong oil and gas stocks Cheniere Energy Partners, L.P. (<a href="https://stocknews.com/stock/CQP/">CQP</a>), Ampol Limited (<a href="https://stocknews.com/stock/CTXAY/">CTXAY</a>), and Scorpio Tankers Inc. (<a href="https://stocknews.com/stock/STNG/">STNG</a>) could be solid portfolio additions this month to capitalize on the industry tailwinds.
Energy holds a central place in global dialogues. Experts predict a considerable rise in the Earth's temperature unless pivotal actions, like <a href="https://news.un.org/en/story/2023/12/1144377">transitions toward greener energy alternatives</a>, are initiated. Over 140 nations have established objectives for net zero emissions, driving the acceleration toward renewable energy resources.
Despite the global push toward sustainability, oil and gas demand has demonstrated resilience, with future estimates suggesting an upsurge in the consumption of non-renewable resources.
The International Energy Agency (IEA) has boosted its <a href="https://www.reuters.com/markets/commodities/iea-raises-oil-demand-growth-forecasts-despite-economic-gloom-ahead-2023-11-14/">2023 oil demand growth forecast</a> to 2.4 million barrels per day (bpd), with a 930,000 bpd anticipated for 2024. <a href="https://momr.opec.org/pdf-download/">OPEC foresees oil demand</a> soaring by 2.5 million bpd in 2023, potentially rising by 2.25 million bpd by 2024.
Geopolitical upheavals and the imposed <a href="https://www.reuters.com/markets/commodities/analyst-view-more-opec-cuts-likely-next-year-oil-prices-plunge-analysts-say-2023-11-20/">supply cuts</a> from Saudi Arabia and Russia could maintain <a href="https://www.rigzone.com/news/oil_volatility_rises_to_5month_high-26-oct-2023-174488-article/">buoyant oil prices</a>. Goldman Sachs' (<a href="https://stocknews.com/stock/GS/">GS</a>) Asset &amp; Wealth Management Investment Strategy Group (ISG) predicts that during most of 2024, the oil price per barrel might fluctuate <a href="https://www.goldmansachs.com/intelligence/pages/oil-prices-are-forecast-to-trade-between-70-and-100-a-barrel-in-2024.html">between $70 and $100</a>. JPMorgan forecasts stable market conditions for next year, anticipating an average Brent crude oil price of <a href="https://oilprice.com/Latest-Energy-News/World-News/JP-Morgan-Expects-Brent-Crude-to-Average-83-in-2024.html">$83 per barrel</a>.
Given the industry tailwinds, it's time to examine the fundamentals of the three stocks to buy in the oil and gas industry.
Cheniere Energy Partners, L.P. (<a href="https://stocknews.com/stock/CQP/">CQP</a>)
CQP provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. It owns and operates a natural gas liquefaction and export facility at the Sabine Pass LNG production terminal.
On November 29, CQP announced that Sabine Pass Liquefaction Stage V, LLC (SPL Stage 5) entered into a long-term Integrated Production Marketing (IPM) gas supply agreement with ARC Resources U.S. Corp., Canada's leading natural gas producer.
Under the IPM agreement, ARC Resources would sell 140,000 MMBtu per day of natural gas to SPL Stage 5 for 15 years, commencing with commercial operations of the first train of the SPL expansion project. This agreement will enable CQP to deliver increased quantities of Canadian natural gas to Europe, where energy security has never been more crucial.
On November 14, CQP paid the unitholders a cash distribution of $1.03 per common unit. Its annualized dividend rate of $3.10 per share translates to a dividend yield of 5.09% on the current share price.
Its four-year average yield is 7.19%. CQP's dividend payments have grown at CAGRs of 6.5% and 7.2% over the past three and five years, respectively.
CQP's trailing-12-month cash from operations of $3.90 billion is 466.8% higher than the industry average of $688.14 million. Its trailing-12-month ROTC and ROTA of 29.37% and 32.42% are 215.4% and 332.9% higher than the industry averages of 9.31% and 7.49%, respectively.
In the fiscal third quarter that ended September 30, 2023, CQP's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenues</a> and adjusted EBITDA stood at $2.13 billion and $793 million, respectively. Moreover, its income from operations stood at $988 million, compared to a loss from operations of $299 million in the year-ago quarter.
For the same quarter, net income came at $791 million, compared to a net loss of $514 million in the prior year quarter, while net income per common unit stood at $1.19, compared to a net loss per common unit of $1.49 in the year-ago quarter.
Street expects CQP's revenue and EPS for the fiscal fourth quarter ending December 2023 to be $2.52 billion and $1.08, respectively.
The stock has gained 40.1% over the past six months to close the last trading session at $60.85. Over the past nine months, it has gained 25.1%.
CQP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive prospects. The stock has an overall B rating, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
The stock has a B grade for Momentum and Quality. Within the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs – Oil &amp; Gas</a> industry, it is ranked #10 out of 26 stocks.
To see additional POWR Ratings for Growth, Value, Stability, and Sentiment for CQP, <a href="https://stocknews.com/stock/CQP/">click here</a>.
Ampol Limited (<a href="https://stocknews.com/stock/CTXAY/">CTXAY</a>)
Headquartered in Alexandria, Australia, CTXAY purchases, refines, distributes, and markets petroleum products in Australia, New Zealand, Singapore, and the U.S. The company operates through Convenience Retail; Z Energy; and Fuels and Infrastructure segments.
On October 31, CTXAY, Hyundai Australia, Pacific Energy, and Toyota Australia signed a Memorandum of Understanding (MOU) to jointly develop hydrogen refueling infrastructure, to combine the expertise and capabilities of each of the partners to help develop stations for fuel cell electric vehicles (FCEVs) in Canberra.
Both Hyundai and Toyota currently have FCEV fleets operating in Australia, while CTXAY and Pacific Energy are heavily investing in energy solutions to support customers through the energy transition.
CTXAY's annualized dividend rate of $2.41 per share translates to a dividend yield of 5.30% on the current share price. Its four-year average yield is 4.89%. CTXAY's dividend payments have grown at CAGRs of 39.1% and 6.9% over the past three and five years, respectively.
CTXAY's trailing-12-month cash from operations of $937.86 million is 36.3% higher than the industry average of $688.14 million, while trailing-12-month asset turnover ratio of 2.89x is 428% higher than the industry average of 0.55x.
In the six months that ended June 30, 2023, CTXAY's revenue increased 6.4% year-over-year to AUD 18.45 billion ($12.12 billion), while gross profit stood at AUD 1.12 billion ($735.69 million).
For the same period, profit attributable to equity holders of the parent entity and earnings per share from continuing operations stood at AUD 79.10 million ($51.98 million) and 33.10 cents, respectively. As of June 30, 2023, CTXAY's total current liabilities stood at AUD 4.98 billion ($3.27 billion), compared to AUD 5.47 billion ($3.59 billion) as of December 31, 2022.
Street expects CTXAY's revenue for the fiscal year ending December 2023 to be $23.50 billion.
The stock has gained 8.9% over the past nine months to close the last trading session at $45.58. Over the past year, it has gained 25.3%.
CTXAY's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, translating to Buy in our proprietary rating system.
CTXAY has a B grade for Momentum and Stability. Within the A-rated <a href="https://stocknews.com/category/foreign-oil-gas/">Foreign Oil &amp; Gas</a> industry, it is ranked #13 out of 44 stocks.
Beyond what we've stated above, we have also rated the stock for Growth, Value, Sentiment, and Quality. Get all ratings of CTXAY <a href="https://stocknews.com/stock/CTXAY/">here</a>.
Scorpio Tankers Inc. (<a href="https://stocknews.com/stock/STNG/">STNG</a>)
Headquartered in Monaco, STNG provides marine transportation of refined petroleum products in the shipping markets worldwide. It currently owns, leases finances or bareboat charters in 112 product tankers (39 LR2 tankers, 59 MR tankers, and 14 Handymax tankers) with an average age of 7.8 years.
On November 9, STNG's board of directors declared a quarterly dividend of $0.35 per common share, payable to all shareholders on December 15. Its annualized dividend rate of $1.40 per share translates to a dividend yield of 2.55% on the current share price.
Its four-year average yield is 1.97%. STNG's dividend payments have grown at CAGRs of 38% and 21.3% over the past three and five years, respectively.
Additionally, the board replenished the 2023 Securities Repurchase Program to purchase up to an aggregate of $250 million of the company's securities, which, in addition to its common shares, also consist of its Senior Unsecured Notes Due 2025.
STNG's trailing-12-month cash per share of $7.45 is 725.1% higher than the industry average of $0.90. Its trailing-12-month net income and levered FCF margins of 46.07% and 48.27% are 234.3% and 723.5% higher than the industry averages of 13.78% and 5.86%, respectively.
In the fiscal third quarter that ended September 30, 2023, STNG's revenue and operating income stood at $291.18 million and $141.41 million, respectively. Moreover, its adjusted EBITDA stood at $200.28 million. For the same quarter, adjusted net income and adjusted net income per share stood at $99.24 million and $1.91, respectively.
Street expects STNG's revenue and EPS for the fiscal fourth quarter ending December 2023 to be $335.13 million and $2.69, respectively. The company surpassed consensus EPS estimates in three of the trailing four quarters, which is impressive.
The stock has gained 18.4% over the past six months to close the last trading session at $54.93. Over the past three months, it has gained 13.4%.
STNG's robust prospects are reflected in its POWR Ratings. The stock has an overall B rating, equating to Buy in our proprietary rating system.
STNG has an A grade for Sentiment and Quality and a B for Momentum. It is ranked #18 out of 85 stocks within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry.
<a href="https://stocknews.com/stock/STNG/">Click here</a> for the additional POWR Ratings for STNG (Growth, Value, and Stability).
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
CQP shares were unchanged in premarket trading Wednesday. Year-to-date, CQP has gained 15.99%, versus a 20.72% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Sristi Suman Jayaswal</h2> <img src='https:/wp-content/uploads/2022/11/Sristi-Suman-Jayaswal_Headshot3.jpg' style="float:left; padding:5px;width:125px;">The stock market dynamics sparked Sristi's interest during her school days, which led her to become a financial journalist. Investing in undervalued stocks with solid long-term growth prospects is her preferred strategy.

Having earned a master's degree in Accounting and Finance, Sristi hopes to deepen her investment research experience and better guide investors.<a href="https://stocknews.com/authors/?author=sristi-sumanjayaswal">More...</a>The post <a href=https://stocknews.com/news/cqp-ctxay-stng-3-oil-gas-stocks-energizing-portfolios-this-december/>3 Oil & Gas Stocks Energizing Portfolios This December</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Oil & Gas Stocks Energizing Portfolios This December

Ampol Limited  goes ex dividend tomorrow

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<h2>Innovative Industrial Properties (IIPR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cannabis-stocks1600-300x169.png" alt="Marijuana Cannabis Leaf Stock Market Symbol Company Business 3d Illustration. Cannabis stocks"><div>Source: iQoncept / Shutterstock.com</div></div>Innovative Industrial Properties (NYSE:<a href="https://investorplace.com/stock-quotes/iipr-stock-quote/">IIPR</a>) is a unique company that leases out space to cannabis growers. Earlier, it was seen as a riskier bet by some investors due to the financial struggles of cannabis companies. However, IIPR has proven the naysayers wrong, with over 90% of rents consistently paid on time by tenants. This is a testament to the rigorous vetting and careful selection of tenants by IIPR&rsquo;s management.



The stock has recovered well from its 2021 plunge, up 34% in the past year. I believe the excessive fears around IIPR&rsquo;s business model have proven unwarranted. A key factor driving my bullishness is the company&rsquo;s exceptionally high dividend yield of 7.53%. This blows away almost all competing REITs&rsquo; dividends. The company boasts an <a href="https://www.gurufocus.com/term/FCFmargin/IIPR/FCF-Margin-Percentage/Innovative-Industrial-Properties">83% FCF margin</a>, allowing for significant growth in dividends. Over the past 3 years, IIPR has <a href="https://www.gurufocus.com/term/dividend_growth_3y/IIPR/3-Year-Dividend-Growth-Rate-Per-Share/Innovative-Industrial-Properties">increased its dividend at a 17.3% annual rate</a>, better than 84% of industry peers. Its 5-year yield-on-cost stands at a remarkable 41.5%, superior to almost 99% of REITs.



With a high-quality tenant base delivering reliable rental income, IIPR has the potential to continue increasing its dividend at an above-average pace. The stock offers a rare combination of substantial income today and exceptional income growth tomorrow. This is why I believe IIPR has the legs to deliver outsized 200%+ gains over the next four years. A potential catalyst is the federal legalization of cannabis, which could spur a major re-rating of IIPR&rsquo;s valuation multiples. Regardless, the company&rsquo;s impressive dividend growth merits a far higher valuation. For investors seeking oversized total returns with minimized risk, dividend stocks like IIPR are worth looking into.



<h2>Volkswagen (VWAGY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/vwagy-stock-1-300x169.jpg" alt="A Volkswagen (VWAGY) logo on a sign in Turkey."><div>Source: multitel / Shutterstock.com</div></div>Volkswagen (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vwagy-stock-quote/">VWAGY</a>) is another criminally undervalued company that I believe can stage a powerful recovery, potentially doubling or more by 2028. The stock has plunged 57% from its 2021 peak but has climbed 18% year-to-date in 2024. I expect this rebound to continue as auto sales volumes pick up globally.



A major overhang on VWAGY is its massive debt load of $257 billion. However, the company can still generate profits thanks to its hefty margins and substantial $56.2 billion cash buffer. Once interest rates decline in Europe, Volkswagen&rsquo;s interest expenses should fall dramatically from the <a href="https://finbox.com/WBAG:VOW/explorer/interest_exp/">$3.6 billion paid in 2023</a>. This influx of billions can re-ignite substantial growth.



Rate cuts are a question of when not if. Once they materialize, we could see a major re-rating of VWAGY as profits explode higher. Regardless, the current valuation is far too attractive to ignore. With a forward P/E of just 4.5x, shares are trading near trough levels and appear to be bottoming out.



I believe accumulating VWAGY around current levels will pay off in a big way. This is an iconic auto brand with staying power, and the market is underestimating its ability to adapt and thrive in the years ahead. The hefty 6.2% dividend yield provides income while you wait for the market to realize how underpriced VWAGY is today. It is one of the best dividend stocks you can buy in the automotive sector.



<h2>Dollar General (DG)</h2>



<div><img width="300" height="150" src="https://investorplace.com/wp-content/uploads/2017/08/dollar-general-corp-dg-stock-ipsize-300x150.jpg" alt=""><div>Source: Shutterstock</div></div>I have been pounding the table on Dollar General (NYSE:<a href="https://investorplace.com/stock-quotes/dg-stock-quote/">DG</a>) ever since the stock plunged, and I&rsquo;m thrilled to see the story play out positively in 2024 so far. However, I believe the bulk of the gains are still ahead. DG continues trading at a substantial discount to its intrinsic value, in my view. We&rsquo;ve seen such low valuations about five years back, and snapping up shares for a multi-year position will likely turn out to be a very lucrative decision.



Big-name retail brands with enduring appeal rarely disappoint when bought near historically low valuations. I believe acquiring DG below $150 per share is an incredible bargain that will pay off handsomely over time. Reaching $400-450 or more by 2028 is not unrealistic, in my view.



At today&rsquo;s prices, Dollar General is priced based on historical CPI growth rates, yet with margins below its long-term average. Its terminal growth is also below historical same-store sales growth. It&rsquo;s hard to ignore a stock trading at such a discount to its earnings power.



For investors seeking a &ldquo;surefire&rdquo; triple-digit return over the next four years, DG checks all the boxes in my view. The dividend isn&rsquo;t as high or reliable as some stocks, but capital appreciation potential more than makes up for it. I remain exceedingly bullish on dividend stocks like DG and believe long-term investors will be rewarded handsomely.



<h2>&amp;M European Value Retail (BMRRY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/retail-workers-300x169.png" alt="Retail workers checking produce at a grocery store."><div>Source: ESB Professional / Shutterstock.com</div></div>B&amp;M European Value Retail (OTCMKTS:<a href="https://investorplace.com/stock-quotes/bmrry-stock-quote/">BMRRY</a>) operates general merchandise and grocery stores under the B&amp;M, Heron Foods, and B&amp;M Express brands in the U.K., as well as B&amp;M stores in France. The company has certainly been on a rollercoaster ride over the past four years. However, for investors with a long-term horizon, I believe BMRRY offers enticing upside potential.



The discount retail industry is poised for rapid growth amidst the challenging macroeconomic climate. BMRRY itself has demonstrated impressive growth, with revenue expanding at a 10.9% CAGR over the past 5 years. EBITDA growth has been even more remarkable, at a 15.5% CAGR over this period. Analysts expect <a href="https://seekingalpha.com/symbol/BMRRY/earnings/estimates">high single-digit top-line growth to continue through 2028</a>.



Equally impressive is BMRRY&rsquo;s industry-leading profitability. Its <a href="https://www.gurufocus.com/term/netmargin/BMRRY/Net-Margin-/BM-European-Value-Retail">7% net profit margin</a> handily beats 87% of retail peers. The company&rsquo;s <a href="https://www.gurufocus.com/term/dividend_growth_3y/BMRRY/3-Year-Dividend-Growth-Rate-Per-Share/BM-European-Value-Retail">3-year dividend growth rate</a> of nearly 30% also crushes 91% of competitors. It&rsquo;s one of those dividend stocks to consider.



Shares may not appear screamingly cheap today, but I see a 40-70% upside over the next four years as earnings expand. With strong execution, 200% gains are not out of the question in my view.



<h2>JD.Com (JD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/jd1600-300x169.png" alt="JD.com is a Chinese e-commerce company. Smartphone with JD.com logo on the screen, shopping cart and laptop. JD stock"><div>Source: Sergei Elagin / Shutterstock.com</div></div>JD.Com (NASDAQ:<a href="https://investorplace.com/stock-quotes/jd-stock-quote/">JD</a>) is just like Alibaba (NYSE:<a href="https://investorplace.com/stock-quotes/baba-stock-quote/">BABA</a>), and like BABA, JD stock has been lackluster at best lately. However, the brutal decline has slowed, and shares have traded sideways for months now. Signs are emerging that China is softening its regulatory crackdown and loosening monetary policy. This could provide a catalyst for JD to deliver multibagger returns on its way up as the Chinese economy recovers.



China&rsquo;s e-commerce market remains massive with an <a href="https://www.statista.com/outlook/emo/ecommerce/china#:~:text=Revenue%20in%20the%20eCommerce%20Market,US%242%2C010.00bn%20by%202029.">expected 10% CAGR from 2024-2029</a>. Gurufocus sees JD&rsquo;s fair value at $67 by the end of 2026, which seems reasonable to me if China continues opening up its economy. While JD may fall short of such explosive gains, I don&rsquo;t anticipate much further downside from current levels either. The stock already trades at basement valuations, providing a margin of safety.



Investors can collect a 3% dividend yield while awaiting China&rsquo;s reopening and any upside that brings for JD. With patience, I believe current prices will prove to be an excellent long-term entry point. This makes it one of those dividend stocks to buy.



<h2>Globe Life (GL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/dividend-stocks1600-3-300x169.png" alt="Stock market data on digital LED display. A daily market price and quotation of prices chart and candle stick tracking for Forex trading. Financial data on the digital screen as concept. Dividend stocks"><div>Source: Things / Shutterstock.com</div></div>Globe Life (NYSE:<a href="https://investorplace.com/stock-quotes/gl-stock-quote/">GL</a>) is a leading financial services and insurance company operating through wholly-owned subsidiaries. It offers life insurance, annuities, and supplemental health products. The insurance sector tends to be recession-proof and safe for long-term investors. GL proved a steady winner for years until plunging from $128 to $56 in under two months.



The drastic selloff stemmed from <a href="https://www.businessinsider.com/globe-life-timeline-explainer-federal-stock-price-fraud-investigation-2024-4">federal probes and short seller reports</a> alleging mostly cultural issues. While troubling, the allegations were almost entirely non-financial. With the drama now exposed, I expect GL to address any legitimate cultural concerns. Either way, the stock looks like a bargain trading at 5.5x earnings with no imminent financial threats that I can see.



GL has a solid history of buybacks and a 1.6% dividend yield. For investors with a multi-year horizon, I believe accumulating shares around current levels will pay off nicely as the business fundamentals reassert themselves.



<h2>Ampol (CTXAY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/dividend-stocks1600-2-300x169.png" alt="Wealth And Financial Freedom Creation Through Dividend Reinvestment (DRIP) Plan With Well Known Safe Low Expense Ratio Index Funds. Dividend stocks"><div>Source: ShutterstockProfessional / Shutterstock.com</div></div>Ampol (OTCMKTS:<a href="https://investorplace.com/stock-quotes/ctxay-stock-quote/">CTXAY</a>) is an Australian company operating in the refining, marketing, and distribution of petroleum products. The company has performed remarkably well over the past 18 months, and I expect this momentum to continue amid geopolitical tensions that are buoying oil prices.



Beyond an attractive macro backdrop, CTXAY offers investors a juicy 7.1% dividend yield. Its 1.5% net margin also has substantial room for expansion, lagging 60% of oil and gas peers. If Ampol can improve operational efficiency and margins, shares could surge over the next several years.



CTXAY appears significantly undervalued, trading at just 11.6x forward earnings. Gurufocus estimates its <a href="https://www.gurufocus.com/stock/CTXAY/summary">fair value at $100 currently and $195 by the end of 2026</a>. For investors seeking big dividend income plus triple-digit upside, I believe CTXAY checks all the boxes. <a href="https://investorplace.com/industries/energy/oil/">Oil stocks</a> can be volatile, but the risk-reward here seems skewed decidedly in investors&rsquo; favor over a multi-year investment horizon.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-top-dividend-stocks-set-for-200-gains-by-2028/">7 Top Dividend Stocks Set for 200%+ Gains by 2028</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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