Oil stocks are gaining attention as crude prices rebound above $90 per barrel, driven by geopolitical tensions and supply concerns in the Strait of Hormuz. Among the notable performers are InPlay Oil CP (IPOOF) and Western Midstream Partners (WES), both carrying a Zacks Rank #1 (Strong Buy) and offering attractive dividend yields over 5% as of September.
InPlay Oil, based in Alberta, Canada, reported Q2 production averaging 18,663 barrels of oil equivalent per day, bolstered by a recent $54.25 million acquisition that is expected to enhance annualized adjusted funds flow by 18%. The stock is currently priced at $13, with a 5.79% dividend yield translating to roughly $0.06 monthly. Meanwhile, Western Midstream reported a 30% year-over-year revenue increase to $1.22 billion in Q2, leading to an upgraded FY26 outlook for adjusted EBITDA between $2.75-$2.95 billion. Its stock is priced at $48, providing a hefty 7.59% yield.
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