Today we have picked 9 energy stocks which have generated high free cash flow and reported significant revenue and EBITDA margins during 2013. Moreover, these stocks have a Free Cash Flow (FCF) to Sales ratio of more than 10% with attractive free cash flow yields. We note that these stocks are trading at Price to Cash Flow ratio (P/CF) of less than 17. Additionally, the majority of these stocks have recorded gains year-to date and in the past month, with daily average trading volume above 100,000.
|
Company Name |
Exchange |
Ticker |
Market Cap |
Last Price |
Average Volume |
Price Change |
Price Change |
EBITDA Margin |
Free Cash Flow (MN) |
FCF to Total Sales |
Price to Free Cash Flow |
Free Cash Flow Yield |
|
ION Geophysical Corp |
NYSE |
IO |
664.4 |
4.05 |
1,411,906 |
-11.0% |
22.7% |
22.1% |
130.7 |
23.8% |
4.1 |
25.0% |
|
Spartan Energy Corp |
TSXV |
SPE |
856.0 |
3.86 |
4,262,391 |
-8.1% |
34.5% |
55.4% |
2.9 |
21.9% |
14.3 |
20.3% |
|
Trinidad Drilling Ltd |
TSX |
TDG |
1,580.6 |
11.44 |
779,476 |
-7.2% |
16.1% |
30.6% |
208.8 |
24.7% |
6.4 |
17.4% |
|
Birchcliff Energy Ltd |
TSX |
BIR |
1,855.4 |
12.84 |
859,109 |
3.0% |
76.6% |
64.9% |
169.7 |
58.7% |
12.1 |
16.4% |
|
Xtreme Drilling and Coil Services Corp |
TSX |
XDC |
386.2 |
4.73 |
191,062 |
-4.6% |
30.7% |
31.5% |
38.8 |
16.9% |
14.4 |
13.3% |
|
SunCoke Energy Partners LP |
NYSE |
SXCP |
992.2 |
28.64 |
122,084 |
-1.5% |
5.7% |
22.7% |
88.8 |
12.9% |
10.1 |
10.4% |
|
TC PipeLines LP |
NYSE |
TCP |
3,304.6 |
53.02 |
123,895 |
2.9% |
9.5% |
74.5% |
257.0 |
75.4% |
10.4 |
9.0% |
|
Tesco Corp |
NASDAQ |
TESO |
860.3 |
21.45 |
303,946 |
4.1% |
8.4% |
18.1% |
56.0 |
10.7% |
16.1 |
7.2% |
|
Holly Energy Partners |
NYSE |
HEP |
2,048.3 |
34.92 |
104,233 |
12.5% |
8.0% |
63.6% |
131.0 |
42.9% |
16.4 |
7.0% |
Source: Bloomberg
Market Cap & Last Price are in their respective values
Company Description:
ION Geophysical Corp (NYSE: IO)
ION Geophysical Corporation provides geophysical technology, services, and solutions for the global oil and gas industry.
Spartan Energy Corp (TSXV: SPE)
Spartan Energy Corp. is an oil and gas exploration and development company. The company focuses on operations in southeast Saskatchewan and central Alberta.
Trinidad Drilling Ltd (TSX: TDG)
Trinidad Drilling Ltd. offers drilling services to the oil and gas industry. The company owns land drilling and barge rigs.
Birchcliff Energy Ltd (TSX: BIR)
Birchcliff Energy Ltd. evaluates acquisition opportunities for light oil and natural gas with a view to purchasing assets. The company is seeking to explore and develop oil and gas in Western Canada.
Xtreme Drilling and Coil Services Corp (TSX: XDC)
Xtreme Drilling and Coil Services Corp. operate as a private drilling contractor that uses coiled tubing drilling rigs. The company has hired third parties under contract to build these units which are used by oil and natural gas exploration and development companies in both Canada and the United States.
SunCoke Energy Partners LP (NYSE: SXCP)
SunCoke Energy Partners LP has been recently formed to acquire entities that own its sponsor’s Haverhill and Middletown cokemaking facilities and related assets. The company intends to produce coking products.
TC PipeLines LP (NYSE: TCP)
TC Pipelines, LP acquires, owns, and participates in the management of United States-based pipeline assets. The company owns interest in the Northern Border Pipeline Company, the owner of an interstate pipeline system that transports natural gas from the Montana-Saskatchewan border to natural gas markets in the Midwestern United States.
Tesco Corp (NASDAQ: TESO)
The Tesco Corporation manufacture and service technology-based solutions for upstream energy industry. The company markets and operates top drive and underbalanced drilling, completion products, control, electrical, and hydraulic systems. Tesco serves the oil and natural gas industry throughout the world.
Holly Energy Partners LP (NYSE: HEP)
Holly Energy Partners, L.P. operates a system of refined product pipelines and distribution terminals primarily in West Texas, New Mexico, Utah, and Arizona. The company’s services include transporting products through its pipeline, terminalling refined products and other hydrocarbons, and storing and providing other services at its terminals.
