Oil Stocks To Watch Now - February 04th
AltC Acquisition, EnLink Midstream, and ServiceNow are highlighted as key oil stocks to watch according to MarketBeat. AltC Acquisition, which focuses on mergers and acquisitions, saw a significant trading volume increase. EnLink Midstream provides midstream energy services and has a notable market cap. ServiceNow offers digital transformation solutions and has a high P/E ratio. These stocks are influenced by oil prices and global demand, making them attractive for investors in the energy sector.
AltC Acquisition, EnLink Midstream, and ServiceNow are the three Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares of ownership in companies involved in the exploration, production, refining, and distribution of oil and related products. These stocks represent a stake in the performance of the oil industry and can be influenced by factors such as oil prices, global demand, geopolitical events, and company-specific operations. Investors often include oil stocks in their portfolios to potentially benefit from the profitability and growth of the energy sector. These companies had the highest dollar trading volume of any Oil stocks within the last several days.
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AltC Acquisition (ALCC)
AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.
NYSE:ALCC traded up $4.32 on Tuesday, reaching $45.93. The stock had a trading volume of 32,623,820 shares, compared to its average volume of 723,393. The company has a 50-day moving average of $24.94 and a 200 day moving average of $16.59. AltC Acquisition has a 12-month low of $10.27 and a 12-month high of $18.80.
Read Our Latest Research Report on ALCC
EnLink Midstream (ENLC)
EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.
NYSE:ENLC traded up $0.41 on Tuesday, reaching $14.56. The stock had a trading volume of 95,115,676 shares, compared to its average volume of 3,910,954. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. The company has a 50-day moving average of $14.72 and a 200 day moving average of $14.44. The stock has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. EnLink Midstream has a 12-month low of $11.55 and a 12-month high of $16.40.
Read Our Latest Research Report on ENLC
ServiceNow (NOW)
ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.
NYSE:NOW traded down $17.60 on Tuesday, reaching $1,003.34. The stock had a trading volume of 1,015,864 shares, compared to its average volume of 1,695,988. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $1,083.05 and a 200 day moving average of $959.36. The stock has a market cap of $206.69 billion, a P/E ratio of 146.90, a price-to-earnings-growth ratio of 4.74 and a beta of 0.99. ServiceNow has a 12-month low of $637.99 and a 12-month high of $1,198.09.
Read Our Latest Research Report on NOW
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