Oil stocks and chemical companies are expected to grow from 57% to 156% in 2022

This stock screen, which includes firms that forecast at least 50% profit growth in 2022 or their current fiscal year, is dominated by oil and chemical equities.
 
WAN CHAI, Hong Kong - Aug. 5, 2022 - PRLog -- Analysts forecast triple-digit EPS growth from energy equities Denbury Inc. (DEN), Earthstone Energy Inc. (ESTE), Cactus Inc. (WHD) and Matador Resources Company (MTDR). Nutrien Ltd. (NTR) and CF Industries Holdings Inc. (CF) are also expected to have triple-digit growth, according to Wall Street.

The screen returns 18 equities, 10 of which are in the oil and gas and energy industries. Callon Petroleum Company (CPE), Pioneer Natural Resources Company (PXD), Diamondback Energy, Inc. (FANG), Ovintiv Inc. (OVV), Northern Oil and Gas Inc. (NOG) and EOG Resources Inc. (EOG) are some of the other energy plays. Pfizer Inc. (PFE), Photronics, Inc. (PLAB) and Ares Management Corporation (ARES), as well as semiconductor firm Alpha & Omega Semiconductor Ltd (AOY.SG) make the cut.

However, tech stocks, which have dominated such screens in the past, are notably absent for the most part. Keep an eye out for any sector rotation that brings fresh names into attention now that the stock market indexes are back in an upswing.

Each stock in this stock screen of today's fastest-growing firms must have a Composite Rating of 95 or above, signifying a passing grade in Stock Checkup. In terms of the most essential stock-picking qualities, a 95 Composite Rating suggests that each stock outperforms at least 95% of all stocks.

To demonstrate a strong fundamental and technical strength, each of these top growth companies must have an EPS Rating and an RS Rating over 80. To eliminate penny companies, the screen only included the fastest-growing stocks with an average daily volume of at least 200,000 shares and a share price of at least $12. Several of these top growth stocks have landed on the IBD Stock Lists, boosted by high profit projections.

The IBD 50 companies including ARES, CPE, CF, and MTDR as well as shipping firm Costamare Inc. (CMRE).

CF, NTR, EOG, and PXD are among the companies on the IBD Big Cap 20. FANG, EOG, ESTE, NOG, MTDR and PXD are among the energy firms on our list of outstanding growth stocks for this year that have also been selected for inclusion on IBD Stock Spotlight.

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