In this article, we discuss the top 5 stocks to buy for under $15. The main article also provides a detailed analysis of the global economy in 2022. If you want to read that, you can go directly to Top 10 Stocks Under $15.
5. Golden Ocean Group Limited (NASDAQ:GOGL)
Stock Price as of August 29: $10.25
Golden Ocean Group Limited (NASDAQ:GOGL) is a Norwegian dry bulk shipping company. As of the second quarter of 2022, 14 hedge funds were bullish on the company, with a combined stake value of $62.3 million. Renaissance Technologies held the most prominent position in Golden Ocean Group Limited (NASDAQ:GOGL) at the end of the quarter with shares worth $30.86 million. The second largest stake was held by Citadel Investment Group, which increased its stake in the company by a whopping 4267% to $6.6 million.
The most attractive aspect of Golden Ocean Group Limited (NASDAQ:GOGL) is its high dividend yield, which is 19.4% as of August 29. On August 25, the company declared a 10-cent increase in its dividend to 60 cents. The quarterly dividend is payable by September 14 to the shareholders of record on September 7.
On August 25, Golden Ocean Group Limited (NASDAQ:GOGL) reported a net income of $163.7 million compared to $125 million in the previous quarter. The adjusted EBITDA for the quarter was $191.6 million vs $149.4 million in the first quarter of 2022. Additionally, the revenues showed a 14.9% YoY growth to $316.7 million. At the end of the quarter, Golden Ocean Group Limited (NASDAQ:GOGL) also announced the construction of three Kamsarmax vessels, the sale of two Ultramax vessels, and completed the $275 million refinancing of 14 Capesize vessels.
On July 20, Jefferies analyst Omar Nokta initiated coverage of Golden Ocean Group Limited (NASDAQ:GOGL) with a Buy rating and a $14 price target.
4. Vista Energy, S.A.B. de C.V. (NYSE:VIST)
Stock Price as of August 29: $10.41
Vista Energy, S.A.B. de C.V. (NYSE:VIST) is a Mexican oil and gas exploration company. The company’s main assets are located in Argentina.
Vista Energy, S.A.B. de C.V. (NYSE:VIST) made significant strides in its Q2 2022 earnings reports. Compared to an EPS of $0.20 in Q2 2021, the company Q2 2022 EPS of $0.93 increased notably. The revenues were up 78.1% to $294.3 million. Moreover, the total production was up by 12% to 44,825 boe/d. Even though the company does not pay a dividend, it bought back approximately $28 million worth of shares in the quarter and is looking forward to increasing shareholder returns through future dividends or repurchases.
Vista Energy, S.A.B. de C.V. (NYSE:VIST) controls a total of 5 concessions in Argentina and Mexico, covering 158,000 acres with 35-year terms. Due to its new operating wells, the management is expecting a total energy production of 80 million boe/d at an average annual growth rate of 14% over the next four years. Furthermore, the company forecasts its revenues to reach $1.65 billion by 2026.
3. Harmonic Inc. (NASDAQ:HLIT)
Stock Price as of August 29: $11.06
Harmonic Inc. (NASDAQ:HLIT) is an American media and broadcasting company. The company offers video routing, server, and storage products to other broadcasting firms.
For the second quarter of 2022, Harmonic Inc. (NASDAQ:HLIT) reported strong beats across the board. The company posted non-GAAP EPS of $0.16, making a 100% leap from $0.08 in the previous quarter and outperforming the estimates by $0.07. The revenue of $157.4 million represented a 38.8% YoY growth and exceeded the market consensus by $7.32 million. The non-GAAP gross margins were recorded at 52.8% and the adjusted EBITDA was $24.3 million vs $9.5 million in the prior year. The company exited the quarter with cash and cash equivalents of $121.8 million, up by $6 million from the previous year.
On August 2, Barclays analyst Tim Long maintained an Overweight rating on Harmonic Inc. (NASDAQ:HLIT) shares with a $14 price target, up from $13. Long mentioned that the company had another strong quarter and outperformed both segments. He further added that cable access demand continues to outperform expectations, resulting in guidance raises.
2. Energy Transfer LP (NYSE:ET)
Stock Price as of August 29: $12.30
Energy Transfer LP (NYSE:ET) is a midstream energy company. It operates natural gas and natural gas liquids pipelines and storage facilities. According to our database, the company was a part of 36 hedge fund portfolios in the second quarter of 2022. Abrams Capital Management was the firm with the biggest stake in the company, with total shares valued at $220.80 million.
On August 24, Energy Transfer LP (NYSE:ET) announced its 20-year deal with Shell plc (NYSE:SHEL) to supply 20 million metric tons of liquified natural gas per annum. The LNG will be supplied through the company’s Lake Charles LNG export project in Louisiana. Energy Transfer LP (NYSE:ET) will be supplying a total of approximately 8 million metric tons of LNG from the facility through multiple agreements made in the last five months. The first delivery to Shell plc (NYSE:SHEL) is expected to start in 2026.
On July 26, Energy Transfer LP (NYSE:ET) declared a quarterly dividend of $0.23, a 15% increase from the prior quarter. The quarterly dividend was paid out on August 19 to the shareholders of record on August 8. As of August 30, the company has a dividend yield of 7.58%. Furthermore, the company is targeting to return to the previous distributions of $0.305 per quarter, which means that the investors can expect close to over a 30% increase from the current levels.
1. Vodafone Group Public Limited Company (NASDAQ:VOD)
Stock Price as of August 29: $13.59
Vodafone Group Public Limited Company (NASDAQ:VOD) is a British telecommunications company offering its services across 150 countries through different divisions.
Vodafone Group Public Limited Company (NASDAQ:VOD) has one of the largest customer bases in the world with over 600 million customers. The company has around 375 million customers in India, which is expected to double after its merger with the Indian company, Idea Cellular, which closed in 2018. To further reduce competition and increase its customer base, the company is reportedly in discussions with Hutchison 3G UK Ltd for a potential merger.
Vodafone Group Public Limited Company (NASDAQ:VOD) is relatively a defensive stock which is why the potential investment opportunities are not owed to its growth, but to its impressive dividend yield. As of August 29, the company has a dividend yield of 6.95%. The latest quarterly dividend of $0.47 was declared on May 18 and paid out on August 5 to the shareholders of record on June 6.
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