Best Oil Stocks To Consider – February 03rd

EnLink Midstream, AltC Acquisition, and ServiceNow are the three Oil stocks to watch today, according to MarketBeat’s stock screener tool. Oil stocks refer to shares of ownership in companies that are involved in the exploration, production, refining, or distribution of oil and petroleum products. These stocks represent a direct investment in the oil industry and can provide investors with potential returns through dividends, capital gains, or other financial benefits as the price of oil fluctuates. These companies had the highest dollar trading volume of any Oil stocks within the last several days.

EnLink Midstream (ENLC)

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.

Shares of NYSE:ENLC traded up $0.41 on Monday, reaching $14.56. 95,115,676 shares of the company traded hands, compared to its average volume of 3,910,954. The business’s 50-day simple moving average is $14.74 and its 200 day simple moving average is $14.43. EnLink Midstream has a 52 week low of $11.55 and a 52 week high of $16.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. The stock has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43.

AltC Acquisition (ALCC)

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.

NYSE:ALCC traded down $0.30 during trading hours on Monday, hitting $41.61. The company had a trading volume of 26,950,796 shares, compared to its average volume of 723,393. The stock has a 50-day moving average price of $24.57 and a 200 day moving average price of $16.36. AltC Acquisition has a 52 week low of $10.27 and a 52 week high of $18.80.

ServiceNow (NOW)

ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

NOW traded down $0.17 during midday trading on Monday, reaching $1,018.21. The company’s stock had a trading volume of 978,164 shares, compared to its average volume of 1,680,394. The stock’s 50-day moving average is $1,083.66 and its 200-day moving average is $957.36. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $209.75 billion, a price-to-earnings ratio of 149.18, a PEG ratio of 4.74 and a beta of 0.99. ServiceNow has a 1 year low of $637.99 and a 1 year high of $1,198.09.