Preferred Stocks in the Energy Sector

Preferred Stock Channel recently named several high-yielding prospects in the energy sector. Some of the leading stocks include Magnum Hunter Resources, Genie Energy and Gastar Exploration.

Magnum Hunter Resources has an 8% Series E Cumulative Convertible Preferred Stock which trades at an 8.4% yield. According to Forbes, investors have call protection through November of 2015, and the issue is cumulative.

Genie Energy, with subsidiary IDT Energy, trades its Series 2012-A Preferred Stock at an 8% yield. It also has a slight discount to liquidation. This issue is also cumulative, and investors have protection until 2017.

Gastar Exploration’s Series A Cumulative Preferred Securities are currently trading at an 8.8% yield. They too have a slight discount to liquidation, and investors have call protection until 2014. The issue is cumulative as well.

About Michelle Grathers

Michelle Grathers is an international tax expert. She has consulted for a variety of firms and high net worth individuals on all tax- and legal-related issues. She also helps new companies develop payroll services, statutory audits and mergers and acquisitions. Contact Michelle at michelle[at]businessdistrict.com