Best Energy Stocks To Own Right Now

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While crude prices stumbled into 2016, they found their footing by mid-year and roared back to life, ending the year up about 42%. Those rising prices lifted most oil stocks. However, a handful of large-cap oil stocks rose above the crowd by outperforming crude’s rally. Those top-tier performers wereContinental Resources (NYSE:CLR), Devon Energy (NYSE:DVN), Anadarko Petroleum (NYSE:APC), Pioneer Natural Resources (NYSE:PXD), and Cimarex Energy (NYSE:XEC):

CLR data by YCharts.

Here’s what made this quintet the best oil stocks of the year.

Rising from the ashes

Bakken shale-focused driller Continental Resources was one of 2016’s biggest surprise performers in the oil patch. That is partially due to an atrocious 2015, when the stock plunged more than 40%. However, Continental made back its losses from 2015, and then some, because of its impressive performance in 2016. After initially anticipating a double-digit production decline in 2016, the company now expects production to come in roughly flat thanks to stronger-than-anticipated well performance and higher oil prices. It also generated excess cash flow and sold non-core assets to pay down debt. The result is that Continental Resources is in a much stronger position at the end of 2016 than it was to start the year, which lifted a huge weight that had been holding down the stock.

Best Energy Stocks To Own Right Now: Novo Nordisk A/S(NVO)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Friday, healthcare shares fell by 1.77 percent. Meanwhile, top losers in the sector included McKesson Corporation (NYSE: MCK), down 24 percent, and Novo Nordisk A/S (ADR) (NYSE: NVO), down 13 percent.

  • [By Paul Ausick]

    Novo Nordisk A/S (NYSE: NVO) dropped about 1% on Monday to post a new 52-week low of $34.01 against a 52-week high of $59.00. Volume of more than 7 million was nearly double the daily average of about 3.8 million. The stock closed at $34.35 on Friday night. The company had no specific news.

  • [By Charles Carlson, CEO and Portfolio Manager, Horizon Investment Services]

    For investors looking for growth but also income, I especially like three health-care related stocksFresenius Medical (FMS), Novo Nordisk (NVO), and Smith & Nephew (SNN).

Best Energy Stocks To Own Right Now: California Resources Corporation(CRC)

Advisors’ Opinion:

  • [By Andrew Efimoff]

    WTI crude oil plunged 3.11 percent on Friday to $48.99 a barrel. Below are the biggest energy losers for the day:

    California Resources Corporation (NYSE: CRC): -19.22% Dynamic Materials (NASDAQ: BOOM): -12.39% Clayton Williams Energy (NYSE: CWEI): -11.45% Dynergy (NYSE: DYN): -11.91% EP Energy Corporation (NYSE: EPE): -11.20% Mexco Energy (NYSE: MXC) -10.90% Whiting Petroleum (NYSE: WLL) -10.79% Southwestern Energy Company (NYSE: SWN) -10.79% SM Energy Company (NYSE: SM) -10.38% Real Goods Solar (NASDAQ: RGSE) -10.34%

    Posted-In: Commodities After-Hours Center Markets Movers

Best Energy Stocks To Own Right Now: Abbott Laboratories(ABT)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Abbott Laboratories (ABT) has climbed 3.8% to $45.53 after beating earnings forecasts and raising its full-year guidance.

    Coca-Cola (KO) has dropped 1.6% to $45.85 despite beating analyst earnings and sales forecasts.

  • [By Ben Levisohn]

    Not your father’s biotech company. Having spun out of Abbott Laboratories (ABT) in 2013, and based in North Chicago, IL, AbbVie comes with a decidedly different pedigree than most biotechs. Indeed, most investors we speak with tend to lump the company in with large pharma – simply by virtue of this legacy. However, with a growth profile, product offering, and pipeline that is every bit that of a biotech company, we think this name should increasingly be viewed through such a lens…


    In the Lightning Round, Cramer was bullish on Abbott Laboratories (ABT) , Dycom Industries (DY) and Howard Hughes (HHC) .

    Cramer was bearish on Headwaters (HW) , EnergySolutions (ES) , Western Refining (WNR) and Horizon Pharmaceuticals (HZNP) .