5 best ASX energy shares of the 2021 financial year revealed

As the world emerged from initial COVID lockdowns, the demand for energy soared.

asx share price increase represented by golden dollar sign rocketing out from white domes of lithium

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ASX energy shares have been among the index's stronger performers over the 2021 financial year (FY21). A 12-month period that saw the All Ordinaries Index (ASX: XAO) gain 25%.

With that financial year done and dusted, we take a look at the 5 best energy shares on the All Ords to have held from 1 July 2020 through to 30 June 2021.

Spurred on by higher energy prices, these shares all returned 3 or more times the gains posted by the All Ords.

Paladin Energy Ltd (ASX: PDN)

With an FY21 share price gain of 376%, Paladin Energy is hands down the best performing ASX energy share over this time.

The uranium producer has projects in Australia and Africa. It has, among other factors, benefited from rising uranium prices and speculation of still higher prices to come as the world re-examines nuclear power as a means to cut global carbon emissions.

Paladin closed the financial year trading at 51 cents per share.

With 2.68 billion shares outstanding, Paladin currently has a market cap of $1.34 billion.

Karoon Energy Ltd (ASX: KAR)

The second best performing ASX energy share is Karoon Energy. Karoon shareholders enjoyed a 124% price gain during FY21.

The oil and gas exploration company is engaged in projects in Australia, Brazil, and Peru.

Like other energy companies, Karoon has enjoyed some healthy tailwinds from rising crude oil prices. At the beginning of the 2021 financial year, a barrel of brent crude oil was selling for US$42 (AU$56) per barrel. Today that same barrel is worth US$75, an increase of 79%.

Karoon closed the year at $1.34 per share. With roughly 554 million shares outstanding, Karoon has a market cap of $737 million.

Senex Energy Ltd (ASX: SXY)

Coming in at number 3 is Senex Energy, with a financial year share price gain of 87%.

The oil and gas explorer and producer has projects in South Australia and Queensland. And it, too, will have benefited from rising crude and LNG prices, among other drivers.

Senex closed FY21 at $3.43 per share. With just under 184 million shares outstanding, it has a market cap of $630 million.

Senex also pays a dividend yield of 1.16%, 96% franked.

Helios Energy Ltd (ASX: HE8)

With a share price gain of 77%, Helios is the fourth best performing ASX energy share in FY21.

The oil and gas explorer is focused on its Trinity and Presidio projects in the US state of Texas. Trinity is comprised of 3,128 acres of oil and gas leases.

Helios closed the financial year at 18 cents per share. With some 1.65 billion shares outstanding, the company has a market cap of $289 million.

Energy Resources of Australia Limited (ASX: ERA)

Rounding out our list of top 5 ASX energy shares is Energy Resources Australia. The share price gained 74% in FY21.

The company operates the Ranger Uranium Mine in the Northern Territory, and processes and sells uranium oxide.

Like Paladin, Energy Resources Australia has been a beneficiary of higher uranium prices, as nations around the world (chiefly China) are upping their nuclear power ambitions.

Energy Resources Australia closed the year at 26 cents per share. With approximately 3.7 billion shares outstanding, it has a market cap of $960 million.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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