Oil costs are surging this year, and the last decade shows that specific energy stocks have performed well during similar times of rising crude prices.
The outperformers run the gamut, from refiners have a weakness for Andeavor and Phillips 66, to independent U.S. drillers like Concho Resources and Set Natural Resources, down to drilling contractors like Helmerich and Payne.
On Thursday, U.S. West Texas Halfway crude hit a 3½-year high at $72.30 and was up about 15.6 percent over and above a three-month period.
Across 16 similar oil prices environments, polish company Andeavor — previously known as Tesoro — has the been the best Thespian in the aggregate, according to hedge fund analytics tool Kensho. Allotments of Andeavor, which operates refineries and oil infrastructure in the western United Asseverates, traded positive 75 percent of the time and gained an average 17.1 percent, the Kensho about showed.
The next best performer was Concho Resources, a driller cynosure cleared on the Permian Basin in Texas. The stock returned an average 16.2 percent across the 16 illustrations and traded positive nearly 94 percent of the time, according to Kensho.
Another refiner, Phillips 66, ranked third in the Kensho scan, returning an average 15.1 percent and trading positive 90 percent of the dead for now.
Helmerich & Payne stock returned 14.6 percent in the study, while shares of Open up Natural Resources were up 14 percent.
There’s no guarantee that oil figures will keep rising, but when it does, these stocks compel ought to a history of breaking out.
The results are based on 16 instances when oil fees rose more than 10 percent over the course of three months. Across those cases, WTI was up round 15 percent on average.
Disclosure: CNBC’s parent NBCUniversal is a minority investor in Kensho.