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3 Top Performing Energy Stocks in the Month of September By StockNews

by Mike Robinson

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© Reuters. Three Top-Performing Energy Stocks for September

Over the last few weeks, oil and natural gas prices rose significantly. With winter fast approaching, oil and natural gas demand could increase. The top performing energy stocks, Comstock (CRK), Laredo(LPI) and Camber (CEI), have all been soaring despite the market correction. This is evident from the Energy Select Sector SPDR Fund’s (XLE (NYSE:)) 13.2% gains over the past month compared to the SPDR S&P 500 Trust ETF’s (SPY) 4.4% loss.

In September, the U.S. reached a seven-year peak. Oil prices rose this month with futures reaching three-year highs and hitting their highest level since 2014. This increase can be attributed to OPEC+’s controlled production increase. Oil and natural gas prices will likely continue rising as winter approaches.

These are the reasons why it might be a good idea to include energy stocks Comstock Resources, Inc., Laredo Petroleum, Inc., (NYSE:) and Camber Energy, Inc., (CEI), to your watchlist. They have all soared dramatically in the last month.

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