3 Top Energy Penny Stocks to Watch as March Ends
If you’re looking for energy penny stocks, there are plenty to consider. While these stocks can be highly volatile, they offer a great way to get exposure to the growing energy sector. With the right research, energy stocks can be a great addition to any portfolio. When it comes to the energy industry, there are a few things to keep in mind.
First, these stocks as mentioned above, can fluctuate greatly. This high level of volatility means that they can make you money or lose you money in a very short time frame. Recently, this has been illustrated by the conflict in Ukraine. With the world imparting sanctions on Russia, the price of energy has skyrocketed worldwide. And subsequently, we’ve seen energy penny stocks and blue chips, shoot up in value as well.
The second thing to keep in mind is that, energy stocks tend to be very cyclical. This means that they are influenced greatly by the overall economy. When the economy is doing well, energy stocks can often follow suit. However, when the economy dips, energy stocks are often some of the first to feel the effects.
Despite these risks, energy stocks can be a great way to get exposure to the broader ups and downs of the stock market. And with the right research, energy stocks can be a great addition to any portfolio. So, are energy stocks worth investing in? The answer is that they can be, but it’s important to do your homework first and understand the risks involved. Considering this, let’s take a look at three energy penny stocks that investors are watching right now.
3 Energy Penny Stocks To Watch
Camber Energy Inc. (NYSE: CEI)
One of the most popular penny stocks and one that we have discussed frequently in the past few months is Camber Energy Inc. In the past year or so, we’ve seen shares of CEI make sizable moves in both direction. The bulk of this is due to its placement as a trending penny stock. Camber Energy is often discussed on Reddit, Twitter and other social media platforms. As a result of this, we see major spikes and dips during daily trading with CEI. In the past month, shares of CEI have shot up by over 20%.
And despite peaking over $3 per share at the end of last year, we have since seen CEI stock fall back down to a more sensible $0.87 per share. In addition to its own business, Camber Energy’s subsidiary, Viking Energy, is a major reason why investors like the company. Recently, we’ve also seen major moves in the energy sector. Considering all of this, will Camber be on your list of penny stocks to watch?
Tellurian Inc. (NYSE: TELL)
Another trending penny stock and one that we’ve seen major climbs recently with is Tellurian Inc. On Friday, March 25th, shares of TELL climbed by over 20% bringing its five day gain to over 44%. In the past month, shares of TELL have exploded by over 50%. This is the result of the crisis in Ukraine that has resulted in major sanctions on Russia and its fuel. Because of this, we’ve seen the price of gas skyrocket with supply issues plaguing the world. And in turn, the price of energy stocks has jumped substantially in the time.
It’s worth noting that TELL stock is also highly volatile right now alongside the rest of the industry. Because of this, it’s crucial to know your own investing style and goals. While there is a lot of potential with Tellurian, it all comes down to what the industry is doing and any recent or upcoming news. With this considered, will TELL be on your penny stocks watchlist or not?
Imperial Petroleum Inc. (NASDAQ: IMPP)
If you’ve followed the rise in value of the energy industry in the past few weeks, you’ve likely seen Imperial Petroleum on that list. In the past five days, shares of IMPP stock have shot up by over 18%, which is no small feat. However, from February 18th to March 7th, IMPP stock climbed by more than 1,400%. This is a major gain that has brought IMPP into the public eye in that time. A few days ago, the most recent announcement from Imperial Petroleum came out. It stated that it has closed upon its upsized $60 million underwritten offering.
We covered this a few days ago when it came out, but if you’re not familiar, let’s fill you in. The company states that it will use these proceeds for general working capital as well as potential new acquisitions. It appears as though Imperial Petroleum is working to take advantage of its recent upticks in value. And because of that, IMPP remains an intriguing penny stock to keep an eye on. But, whether it deserves a spot on your watchlist or not is up to you.
Are Energy Penny Stocks Worth Buying?
Are energy penny stocks worth buying or not? This is a tough question that many investors ask themselves. And the short answer is that buying stocks is a risky investment, and energy stocks are no different.
However, there are a few things to consider when thinking about whether or not energy stocks are worth investing in. The most important aspect is whether or not individual penny stocks fit your risk profile. Understanding who you are as an investor is a crucial step. With this in mind, do you think that energy penny stocks are worth buying or not?