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Sabrient Systems has four energy stocks to make your 4th of July even hotter. Despite the energy sector’s recent weak performance, Sabrient’s forward-looking sector rankings place it in the top 3 sectors going forward. Furthermore, energy shares are expected to trade at about 10.7 times earnings estimates,compared with the 10-year historical average of 13.1. With that in mind, it may be a good time to buy low.

As Sabrient's Communications Editor, I have access to Sabrients's proprietary Top 50 Outlook Rankings (see Sabrient's Baker's Dozen for a list of our 13 top stock picks for 2011), and I selected four sizzling stocks in the energy sector that had great numbers and looked too explosive to pass up. All four stocks have exceptional projected earnings for the year, and investors should consider adding them to their portfolios. (Stock prices and data are current as of the close on Tuesday, June 28.)

1. Stone Energy Corporation (NYSE:SGY) ($28.93)

Stone Energy is an independent oil and natural gas company engaged in the acquisition, exploration, exploitation, development, and operation of oil and gas properties located primarily in the Gulf of Mexico.

Why is it sizzling? As of June 21, SGY is trading at a P/E of 13.36 and a forward P/E of 8.40 with a nice projected 2011 earnings growth rate of 68.80%. It has very conservative accounting practices. Furthermore, the Sabrient Rating is a Strong Buy because it looks like it will outperform the market in the next 30-60 days. Remember that we want the most sizzle for the least cost or GARP—68.8% growth for a 12.31 P/E is all the fireworks we need.

2. CNOOC Limited (NYSE:CEO) ($229.45)

CNOOC is an investment holding company. The company, through its subsidiaries, is engaged in the exploration, development, production, and sales of crude oil, natural gas, and other petroleum products. It is a producer of offshore crude oil and natural gas.

Why is it sizzling? CEO has a P/E of 12.41, a forward P/E of 8.22 and its projected earnings growth for the year is 45.1%. It has a conservative accounting rating. From its high 3 weeks ago at 250.58, it has traded down to under $230, an attractive price along with a Strong Buy Sabrient Rating.

3. Hess Corporation (NYSE:HES) ($71.47)

Hess is a global integrated energy company that operates in two segments: exploration and production (E&P), and marketing and refining (M&R). The E&P segment explores, develops, produces, purchases, transports, and sells crude oil and natural gas.

Why is it sizzling? HES has a P/E of 9.61, a forward P/E of 8.81, and its projected earnings growth for the year is 48.2%. It holds a very conservative accounting rating. HES hit a high 3 weeks ago of $79.03 and has since fallen to $69.19, providing us an opportunity to enter at a value price. It is rated a Strong Buy by Sabrient.

And the grand finale for the fireworks spectacular is…

4. Holly Corporation (HOC) ($66.26)

Holly is an independent petroleum refiner that produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. Its operations are organized into two segments: Refining and Holly Energy Partners, L.P. (NYSE:HEP). HOC has finalized is pending takeover of FTO (Frontier Oil Corporation). Both companies have excellent growth projections with FTO at a monstrous 843.2%--the resulting merger should perform well to say the least.

Why is it sizzling? HOC expected growth is a whopping 237.6% for the year. Its current P/E is 17.07 and its forward P/E is 11.14. It has conservative accounting practices and Sabrient rates it a Strong Buy.

All four of the above stocks were selected using Sabrient stock rating system.

Source: 4 Energy Stocks With Exceptional Projected Earnings Trading at Low Prices