5 High Growth Energy Stocks To Buy

In this article, we discuss 5 high growth energy stocks to buy now. If you want to see more stocks in this selection, check out 11 High Growth Energy Stocks To Buy. 

5. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Number of Hedge Fund Holders: 33

Quarterly Revenue Growth YoY as of September 29, 2022: 42.10%

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was incorporated in 1953 and is headquartered in Rio de Janeiro, Brazil. The company explores for, produces, and sells oil and gas in Brazil and internationally. With quarterly year-over-year revenue growth of 42% as of September 29, 2022, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the top high growth energy stocks to invest in. 

On December 13, Bradesco BBI analyst Vicente Neto downgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to Neutral from Outperform with a R$26 price target.

According to Insider Monkey’s data, 33 hedge funds were long Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) at the end of the third quarter of 2022, compared to 30 funds in the prior quarter. Rajiv Jain’s GQG Partners held the biggest stake in the company, with 214.16 million shares worth $2.6 billion. 

4. Texas Pacific Land Corporation (NYSE:TPL)

Number of Hedge Fund Holders: 20

Quarterly Revenue Growth YoY as of December 30, 2022: 54.50%

Texas Pacific Land Corporation (NYSE:TPL) engages in the land and resource management, and the company is engaged in easements and commercial leases activities, such as oil, gas and related hydrocarbons, power line and utility easements, and subsurface wellbore easements. On November 2, Texas Pacific Land Corporation (NYSE:TPL)’s Q3 revenue of $191.11 million climbed 54.5% year-over-year, beating market estimates by $15.44 million. It is one of the top high growth stocks to monitor. 

On February 13, Texas Pacific Land Corporation (NYSE:TPL) declared a $3.25 per share quarterly dividend, an 8.3% increase from its prior dividend of $3.00. The dividend is payable on March 15, to shareholders of record on March 8. 

According to Insider Monkey’s Q3 data, 20 hedge funds were long Texas Pacific Land Corporation (NYSE:TPL), compared to 22 funds in the prior quarter. Murray Stahl’s Horizon Asset Management is the largest stakeholder of the company, with 1.5 million shares worth $2.6 billion.

Here is what Wedgewood Partners has to say about Texas Pacific Land Corporation (NYSE:TPL) in its Q3 2022 investor letter:

“Texas Pacific Land was a top contributor to performance during the quarter and the year. Revenue grew over +50% as oil and gas royalties were up over +60% driven by higher realized prices on the production of oil and gas on the Company’s acreage. Production of oil and gas also grew +20% over 2021. The Company’s royalty interests span over 880,000 acres in West Texas. Most of this land is located in the highly productive Delaware Basin of the Permian Basin. We expect that development activity will continue to grow at a rapid pace in this region, primarily driven by both domestic and multinational producers looking to maximize returns on increasingly scarce oil and gas capital expenditures.”

3. EOG Resources, Inc. (NYSE:EOG)

Number of Hedge Fund Holders: 52

Quarterly Revenue Growth YoY as of September 29, 2022: 59.10%

EOG Resources, Inc. (NYSE:EOG) is a Texas-based company that explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. The company’s Q3 revenue of $7.59 billion climbed 59.1% year-over-year, beating market estimates by $610 million. It is one of the premier high growth energy stocks to invest in. 

On January 27, JPMorgan analyst Arun Jayaram maintained an Overweight rating on EOG Resources, Inc. (NYSE:EOG) but lowered the firm’s price target on the shares to $153 from $156. The firm cited the recent decline in strip pricing for the target drop.

According to Insider Monkey’s third quarter database, 52 hedge funds were bullish on EOG Resources, Inc. (NYSE:EOG), compared to 43 funds in the prior quarter. Harris Associates held the biggest stake in the company, consisting of 7 million shares worth $787.4 million. 

Here is what Oakmark Select Fund has to say about EOG Resources, Inc. (NYSE:EOG) in its Q1 2022 investor letter:

“EOG Resources (NYSE:EOG) (+36%), was among our top contributors in the quarter as oil prices rallied due to tight supplies, which were then exacerbated by the Russian invasion of Ukraine. Although their share prices have increased considerably, both companies still look quite undervalued even using longer term oil prices in the $65-70 dollar range. Meanwhile, if times are good over the next couple of years, we expect these companies to return significant percentages of their market caps to shareholders.”

2. Eni S.p.A. (NYSE:E)

Number of Hedge Fund Holders: 6

Quarterly Revenue Growth YoY as of September 29, 2022: 95.10%

Eni S.p.A. (NYSE:E) was founded in 1953 and is headquartered in Rome, Italy. The company engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production, Global Gas & LNG Portfolio, Refining & Marketing and Chemicals, Plenitude and Power, and Corporate and Other activities segments. Eni S.p.A. (NYSE:E) is one of the top high growth energy stocks to invest in, with year-over-year quarterly revenue growth of 95% as of September 29, 2022. 

Morgan Stanley analyst Martijn Rats on January 23 raised the firm’s price target on Eni S.p.A. (NYSE:E) to EUR 16.50 from EUR 15.80 and maintained an Equal Weight rating on the shares.

According to Insider Monkey’s third quarter database, 6 hedge funds were bullish on Eni S.p.A. (NYSE:E), compared to 8 funds in the prior quarter. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is the largest stakeholder of the company, with 2.4 million shares worth $51.3 million. 

1. Cheniere Energy, Inc. (NYSE:LNG)

Number of Hedge Fund Holders: 70

Quarterly Revenue Growth YoY as of September 29, 2022: 176.60%

Cheniere Energy, Inc. (NYSE:LNG) is a Texas-based energy infrastructure company engaged in the liquefied natural gas businesses in the United States. On January 27, Cheniere Energy, Inc. (NYSE:LNG) declared a quarterly dividend of $0.395 per share, in line with previous. The dividend is payable on February 27, to shareholders of record on February 7. In Q3 2022, the company’s revenue of $8.85 billion climbed 176.6% year-over-year, beating Wall Street estimates by $890 million. 

On January 25, Mizuho analyst Robert Mosca maintained a Buy recommendation on Cheniere Energy, Inc. (NYSE:LNG) but lowered the firm’s price target on the shares to $195 from $208. The analyst believes that Cheniere Energy, Inc. (NYSE:LNG)’s contracted business is strong enough to support a premium valuation, and the current share price represents a good opportunity for investors to enter the market, as the company’s growth outlook remains virtually unchanged.

According to Insider Monkey’s third quarter database, 70 hedge funds were bullish on Cheniere Energy, Inc. (NYSE:LNG), compared to 65 funds in the prior quarter. Robert Pitts’ Steadfast Capital Management is the leading stakeholder of the company, with 2.28 million shares worth $380 million. 

TimesSquare Capital made the following comment about Cheniere Energy, Inc. (NYSE:LNG) in its Q3 2022 investor letter:

“In the Energy sector, we continued to see the impact of Europe’s natural gas challenges as they diversify away from Russian supplies. Cheniere Energy, Inc. (NYSE:LNG) is an energy infrastructure company that operates liquefied natural gas terminals in Louisiana and Texas. A blowout second quarter and an increase to profit guidance boosted the stock price by 25%. Natural gas prices are likely to remain elevated for years given the situation in Europe.”

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