3 Penny Stocks to Add to Your September 2021 Watchlist
Looking for the best penny stocks to add to your September watchlist? Well, you’re in luck, because there are plenty of penny stocks that are showing momentum right now. But before we go any further, it’s worth discussing the current state of the stock market. Right now, the largest impacting factor on all stocks as we know is Covid. And as a result, investors are focused on a few specific industries in September.
With case numbers retreating right now, many traders have locked eyes on reopening penny stocks. This includes energy penny stocks, entertainment penny stocks, travel penny stocks, and more. Outside of these, if you’re looking for small-caps that could benefit from the current situation, it’s best to think outside of the box. This means understanding what effects the pandemic will have on the economy, and how to potentially take advantage of that.
It’s worth noting that it is extremely difficult to predict what will happen next as it relates to Covid. Because the news changes daily, it’s best to stay on top and continue paying attention to everything that is going on. This will offer you the greatest opportunity to make money with penny stocks in 2021. So, with all of this in mind, here are three hot penny stocks to watch as we turn the corner on 2021.
3 Penny Stocks to Watch in September 2021
- Professional Diversity Network Inc. (NASDAQ: IPDN)
- Kosmos Energy Ltd. (NYSE: KOS)
- Crescent Point Energy Corp. (NYSE: CPG)
Professional Diversity Network Inc. (NASDAQ: IPDN)
Professional Diversity Network Inc. is a penny stock that has seen a solid amount of positive momentum in the past few weeks. In the last month alone, shares of IPDN stock have shot up by around 18% and by over 47% in the past twelve months. For some context, this company offers professional network communities and career resources. It offers recruitment services, e-newsletter marketing, hiring campaign marketing, and much more. In addition, it provides consumer advertising and consumer marketing solutions.
Last month, the company reported its financial results for the quarter ended June 30th, 2021. Professional Diversity Network’s total revenues went up 54% year over year. This increase took place because of an increase in recruitment services revenues. The company’s net loss improved by 67% during this period as well. These numbers are very exciting for both the company and investors alike.
“We remain committed to strengthening the financial position of the Company through investing in our operating segments to drive organic growth, synergetic acquisitions, and timely equity transactions.”Adam He, the CEO of Professional Diversity Network
In the last few trading days, the trading volume for IPDN stock has been almost double its average which is quite substantial. With people returning to work and job openings occurring around the country, companies like IPDN are seeing heightened attention. With this in mind, will IPDN be on your list of penny stocks to watch?
Kosmos Energy Ltd. (NYSE: KOS)
One of many energy penny stocks pushing up today is KOS stock. During trading, shares of KOS shot up by around 7% and in the past month by over 20%. This brings its 12 month gain to over 149% which is quite substantial.
If you’re not familiar, Kosmos is a deepwater independent oil and gas exploration company. It works out of the Atlantic Margins, where it has production in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico. In its quarterly report, the company posted some solid numbers including a revenue amount of $384 million, or $63.80 per BOE.
“Kosmos delivered strong free cash flow in the second quarter. Through further debt reduction and EBITDAX growth, we expect leverage to continue to reduce through year-end 2021 and into 2022.
With strong cash generation, the successful RBL extension, and the recently completed GTA FPSO transaction, Kosmos’ financial position has materially improved and we remain well-positioned to execute our remaining financing plans later this year.”man and CEO of Kosmos Energy Andrew Inglis
The company aims to produce roughly 60,000 boepd in its active infill drilling program which should help to meet the high energy demand right now. With the pandemic beginning to slow in severity, many investors have aimed their sights at energy, as people return to work and begin traveling again. So, considering this, will KOS be on your list of penny stocks to watch?
Crescent Point Energy Corp. (NYSE: CPG)
Up by around 14% at EOD are shares of CPG stock. Crescent Point Energy is another oil and gas company working out of North America. In the past twelve months, shares of CPG stock have shot up by over 190% which is no small feat. And again, this is a sizable reflection of both the bullishness of the energy industry and Crescent Points business model.
Early on in the trading day, Crescent Point announced an increased dividend and its preliminary 2022 financial outlook. It stated that it would be increasing its quarterly dividend to $0.03 per share. In addition, the company expects to generate a cash flow of at the high end, $875 million.
“Our continued execution and capital discipline has positioned us to begin returning additional capital to shareholders. We are prioritizing debt reduction as part of our capital allocation framework including the establishment of a core dividend that is sustainable, provides flexibility, and has the ability to grow over time. We are committed to a model that returns capital to shareholders while also generating returns through debt-adjusted per share growth.”CEO of Crescent Point, Craig Bryksa
It is always great news to see an increasing dividend as it shows confidence in the company’s business model. While the 2022 outlook is just an estimate, things are looking good for Crescent Point right now. Whether this makes CPG stock worth adding to your watchlist or not is up to you.
The Best Penny Stocks to Buy Are Out There
Finding the best penny stocks to buy is an individual task. It all comes down to having a thorough understanding of your own investing style and your threshold for risk.
But, if you have both of these factors well understood then it can be much easier than previously imagined. Considering all of this, which penny stocks are you watching in September 2021?