From Nasdaq.: 2024-11-19 07:00:00

A second Trump administration is expected to impact the stock market, with the energy sector being a key area of interest. Green energy stocks saw a decline post-election, while traditional energy companies like Exxon Mobil and ConocoPhillips have risen. Loosening regulations may benefit fossil fuel companies, presenting opportunities for lesser-known firms like Suncor Energy, Cenovus Energy, and TotalEnergies.

Suncor Energy, the second-largest energy company in Canada, reported strong earnings and operational success. Analysts rate it a Buy, with a consensus price target of $56.40, nearly 40% above current levels. If Suncor can maintain operations and manage debt effectively, investors could see stock appreciation and dividends.

Cenovus Energy, another Canadian company, is expanding its operations with a key pipeline connection project expected to increase production capacity. Analysts predict shares could nearly double to $30, positioning Cenovus as an under-the-radar company to watch in the energy sector.

TotalEnergies, a French energy firm, is undervalued with a forward P/E ratio of 7.7 and a price-to-sales ratio of 0.7. Analysts have a price target of nearly $79, indicating a 29.4% potential upside. With shares down over 8% in the last year, TotalEnergies presents a possible bargain share price for investors.

Investors should consider the impact of oil prices on energy companies, as they are highly dependent on crude oil prices. Factors like geopolitical tensions and new government policies can affect oil prices, making investing in energy firms risky. A drop in oil prices could significantly impact the attractiveness of these companies to investors.



Read more at Nasdaq.:: 3 Under-the-Radar Oil Stocks to Keep Your Eye On