5 Best Performing Energy Stocks in 2023

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In this piece, we will take a look at the five best performing energy stocks in 2023. If you take a deeper look at the recent trends in the energy industry, then check out 12 Best Performing Energy Stocks in 2023.

5. Tidewater Inc. (NYSE:TDW)

Year To Date Share Price Gains: 107.01%

Tidewater Inc. (NYSE:TDW), as the name might suggest, is a support company that works with oil companies with offshore oil drilling platforms. Like several other support companies on our list, its shares are also rated Strong Buy on average, with Raymond James initiating coverage in July 2023 and setting a Strong Buy rating.

During Q2 2023, 35 out of the 910 hedge funds tracked by Insider Monkey were Tidewater Inc. (NYSE:TDW)’s investors. Todd J. Kantor’s Encompass Capital Advisors is the largest shareholder among these, owning 1.6 million shares that are worth $89 million.

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