WTI crude oil prices have sunk to a seven-year low of US$35.35/barrel. The slide is thought to benefit certain industries such as logistics companies, transportation companies and airlines, which all use oil as an input cost for its operations. That being said, the stocks on our list today should benefit from this low oil-price environment.
WestJet Airlines Ltd. (TSX: WJA) – $19.93
Airlines
WestJet Airlines Ltd. is a Canada-based company engaged in the provision of airline service and travel packages. The Company offers scheduled service to approximately 93 destinations in North America, Central America, the Caribbean and Europe.
- Market Cap: $2,515,264,380
- Total Revenue (LTM): $4,064,944,000
- Operating Profit (LTM): $596,673,000
- YTD Price Change: -39%
Related: 5 Resource-Related Stocks with Attractive Dividend Yields >>
Student Transportation Inc. (TSX: STB) – $4.90
Passenger Transportation, Ground & Sea
Student Transportation Inc. (STI) is North America’s provider of student transportation solutions, operating nearly 13,000 vehicles. STI’s family of local companies delivers transportation, management, logistics and technology solutions to a range of customers throughout the United States and Canada. Services are delivered by drivers, dispatchers, maintenance technicians, terminal managers, information technology professionals and others, who are caring members of their local communities.
- Market Cap: $487,292,119
- Total Revenue (LTM): $695,968,253
- Operating Profit (LTM): $16,885,961
- YTD Price Change: -30%
TransForce Inc. (TSX: TFI) – $23.01
Ground Freight & Logistics
TransForce Inc. is engaged in the provision of transportation and logistics services across Canada and the United States. The Company offers services to five segments: Package and Courier, Less-Than-Truckload, which offers pickup, consolidation, transport and delivery of smaller loads; Truckload; Waste Management; and Logistics and Other Services, which offers logistics services and rig moving services.
- Market Cap: $2,259,332,594
- Total Revenue (LTM): $4,270,458,000
- Operating Profit (LTM): $310,685,000
- YTD Price Change: -22%
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Transat AT Inc. (TSX: TRZ) – $7.45
Leisure & Recreation
TRANSAT AT Inc. is a Canada-based integrated tour operator that specializes in holiday travel and offers 60 destination countries. The Company owns an air carrier and provides destination services. Its key markets are sun destinations in Mexico, the Caribbean and Florida.
- Market Cap: $271,247,413
- Total Revenue (LTM): $3,571,856,000
- Operating Profit (LTM): $31,536,000
- YTD Price Change: -18%
Algoma Central Corp. (TSX: ALC) – $14.30
Marine Freight & Logistics
Algoma Central Corporation owns and operates Canada’s domestic fleet of vessels operating on the Great Lakes St. Lawrence Waterway. The Company operates through four segments: Domestic Dry-Bulk, which consists of Canadian flagged dry-bulk lake vessels, ship management services, and a ship repair and steel fabrication business; Product Tankers, which consist of Canadian flagged vessels, which operate within the Great Lakes, St. Lawrence Seaway and Atlantic Canada; Ocean Shipping, which consists of ownership of ocean-going dry-bulk self-unloading vessels and interests in other self-unloaders that trade across the world, and Real Estate segment owns and manages commercial real estate in Sault Ste. Marie, Waterloo and St. Catharines, Ontario.
- Market Cap: $556,443,173
- Total Revenue (LTM): $467,930,000
- Operating Profit (LTM): $40,507,000
- YTD Price Change: -13%
