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The Zacks Analyst Blog Highlights: Jones Energy, Willbros Group, Noble, TETRA Technologies and Cenovus Energy

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For Immediate Release

Chicago, IL – September 27, 2017 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Jones Energy Inc. (NYSE: (JONE - Free Report)  – Free Report), Willbros Group Inc. (NYSE:  – Free Report), Noble Corporation plc (NYSE: (NE - Free Report)  – Free Report), TETRA Technologies Inc. (NYSE:(TTI - Free Report)  – Free Report) and Cenovus Energy Inc. (NYSE: (CVE - Free Report)  – Free Report).

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Here are highlights from Tuesday’s Analyst Blog:

5 Best-Performing Energy Stocks in September

The energy sector has been leading this month with Brent oil and U.S. crude hitting the highest level since July 2015 and since April, respectively. This is primarily true as the historic output cut deal wherein OPEC, Russia and other producers agreed to curb production by 1.8 million barrels per day until next March, is now paying off with the global oil market on its way for balancing.

The output curbs are leading to falling inventories, which will soon drop to their five-year average given a robust demand outlook and reduced supplies. Improving global growth, especially in emerging economies and Eurozone, is raising demand for energy, and the damage to U.S. shale output in the wake of Hurricane Harvey is pushing up oil prices (read: How to Trade the Oil Rally with ETFs & Stocks).

The OPEC sees signs of a tighter global market and thus raised global demand outlook for this year and the next. The International Energy Agency (IEA) also projects this year’s global demand to climb the most in two years as global glut has started to shrink due to stronger-than-expected consumption in Europe and the United States as well as production decline in OPEC and non-OPEC countries. In fact, the OPEC oil output declined in August for the first time since March.

Additionally, Turkey threatened to cut oil supplies from northern Iraq to the global market in response to its referendum on independence, which Turkey does not recognize. If the boycott becomes successful, it would lead to 500,000 fewer barrels of crude oil per day flowing into the global market and would result in higher oil prices. Further, a weak dollar is adding to the strength.

The bullish trend is likely to continue at least in the short term. Given this, investors might want to tap the space with the top-performing energy stocks of this month. For them, we have highlighted five stocks that are poised to perform well heading into the final quarter, should oil prices rise or remain above $50 per barrel.

Best Stocks

We have highlighted the best-performing stocks that currently have a Zacks Rank #1 (Strong Buy), 2 or 3.

Jones Energy Inc. (NYSE: (JONE - Free Report) – Free Report)

Based in Austin, TX, Jones Energy is an independent oil and gas company engaged in the development, production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma (read: Bet on Resurgent Energy Sector With Leveraged ETFs).

Zacks Rank: #3
VGM Style Score: A
Market Cap: $151.46 million
September Return: 77.8%

Willbros Group Inc. (NYSE: – Free Report)

Based in Houston, TX, Willbros Group is an independent contractor serving the oil, gas and power industries, providing construction, engineering and specialty services to industry and government entities worldwide.

Zacks Rank: #2
VGM Style Score: B
Market Cap: $191.17 million
September Return: 37.7%

Noble Corporation plc (NYSE: (NE - Free Report) – Free Report)

Based in London, the United Kingdom, Noble Corporation is an offshore drilling contractor for the oil and gas industry that offers services for drilling and work over activities and undertakes refurbishment projects for rigs.

Zacks Rank: #3
VGM Style Score: A
Market Cap: $1.01 billion
September Return: 36.5%

TETRA Technologies Inc. (NYSE: (TTI - Free Report) – Free Report)

Based in The Woodlands, TX, TETRA Technologies is an energy services company with an integrated chemicals operation that supplies chemical products to energy markets, as well as other markets (see: all the Energy ETFs here).

Zacks Rank: #3
VGM Style Score: A
Market Cap: $305.97 million
September Return: 33.5%

Cenovus Energy Inc. (NYSE: (CVE - Free Report) – Free Report)

Based in Calgary, Canada, Cenovus Energy is an integrated oil company that develops, produces and markets crude oil, natural gas liquids, and natural gas in Canada.

Zacks Rank: #3
VGM Style Score: B
Market Cap: $12.63 billion
September Return: 32.1%

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release.

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