Sectors & Industries EnergyOil & Gas E&P
Best Oil and Gas Stocks to Buy Now (2024)
Top oil and gas stocks in 2024 ranked by overall Zen Score. See the best oil and gas stocks to buy now, according to analyst forecasts for the oil & gas e&p industry.

Industry: Oil & Gas E&P

Overview Zen Score Price Valuation Financials

Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
FANG	DIAMONDBACK ENERGY INC	$35.54B	19.60%	11.20%	15.60%	13.30%	0.69	0.92	77.60%	36.70%	49.37%
SM	SM ENERGY CO	$5.80B	21.40%	12.10%	15.60%	13.60%	0.73	1.48	76.30%	31.80%	38.74%
GPRK	GEOPARK LTD	$577.62M	67.80%	11.60%	33.62%	22.70%	4.14	1.20	70.60%	15.50%	36.71%
CHRD	CHORD ENERGY CORP	$7.73B	18.60%	13.50%	21.39%	21.40%	0.38	1.14	48.80%	22.70%	30.26%
MGY	MAGNOLIA OIL & GAS CORP	$5.26B	22.50%	14.00%	19.85%	21.60%	0.54	1.71	83.90%	30.50%	39.40%
DVN	DEVON ENERGY CORP	$31.02B	28.60%	13.80%	20.44%	17.00%	1.04	1.04	50.60%	22.30%	29.53%
BSM	BLACK STONE MINERALS LP	$3.63B	36.60%	26.30%	29.44%	30.40%	0.06	5.34	86.90%	62.70%	67.78%
PR	PERMIAN RESOURCES CORP	$12.62B	10.30%	4.30%	6.47%	6.40%	0.82	0.55	84.50%	13.90%	24.13%
EGY	VAALCO ENERGY INC	$660.05M	14.00%	7.90%	24.63%	24.90%	0.71	1.66	66.90%	13.60%	35.16%
MXC	MEXCO ENERGY CORP	$24.40M	11.60%	10.90%	13.25%	16.20%	0.07	17.85	77.80%	28.40%	34.83%
DMLP	DORCHESTER MINERALS LP	$1.32B	58.00%	55.80%	57.79%	77.20%	0.03	13.07	92.20%	65.10%	67.40%
COP	CONOCOPHILLIPS	$136.23B	21.80%	11.30%	19.17%	17.10%	0.93	1.35	45.90%	18.40%	28.39%
VTLE	VITAL ENERGY INC	$1.79B	23.00%	10.80%	9.48%	8.10%	1.02	1.22	72.60%	30.30%	28.22%
EQT	EQT CORP	$18.15B	4.40%	2.60%	3.83%	3.20%	0.68	0.88	55.90%	11.00%	15.62%
APA	APA CORP	$11.33B	155.80%	19.30%	19.44%	14.60%	4.33	1.16	42.70%	34.00%	30.85%
HES	HESS CORP	$47.48B	22.50%	8.50%	15.53%	12.10%	1.44	1.23	58.50%	17.40%	29.32%
NOG	NORTHERN OIL & GAS INC	$4.14B	34.60%	13.90%	19.44%	14.40%	1.32	0.96	72.20%	30.00%	41.29%
CNQ	CANADIAN NATURAL RESOURCES LTD	$82.21B	18.80%	9.80%	14.68%	12.60%	0.92	0.88	50.20%	20.90%	27.84%
CHK	CHESAPEAKE ENERGY CORP	$11.92B	10.00%	7.40%	11.10%	10.40%	0.31	2.33	50.00%	16.40%	22.43%
REPX	RILEY EXPLORATION PERMIAN INC	$629.08M	24.10%	10.40%	19.84%	14.10%	1.20	0.59	76.40%	24.20%	41.68%
TPL	TEXAS PACIFIC LAND CORP	$14.12B	43.20%	38.60%	46.55%	157.90%	0.12	13.60	86.10%	65.70%	83.90%
PHX	PHX MINERALS INC	$121.74M	3.40%	2.60%	5.19%	4.50%	0.34	4.51	82.20%	11.50%	23.14%
MUR	MURPHY OIL CORP	$6.53B	10.50%	5.70%	9.44%	7.60%	0.79	0.93	68.60%	16.40%	24.47%
VIST	VISTA ENERGY SAB DE CV	$4.71B	29.70%	13.50%	20.29%	17.50%	1.14	0.89	49.60%	29.30%	39.06%
REI	RING ENERGY INC	$354.31M	10.20%	5.70%	9.68%	7.40%	0.75	0.50	73.60%	21.10%	33.34%
PNRG	PRIMEENERGY RESOURCES CORP	$203.47M	24.00%	13.60%	19.37%	22.30%	0.97	0.36	64.40%	24.80%	30.92%
MTDR	MATADOR RESOURCES CO	$7.92B	22.80%	11.50%	16.51%	13.60%	0.81	0.89	72.60%	28.90%	40.13%
MRO	MARATHON OIL CORP	$16.33B	12.80%	7.30%	12.52%	9.50%	0.77	0.55	76.50%	21.80%	32.06%
EOG	EOG RESOURCES INC	$71.58B	26.60%	16.90%	23.52%	24.90%	0.56	2.32	65.10%	30.30%	39.29%
SBOW	SILVERBOW RESOURCES INC	$1.00B	17.50%	8.20%	14.48%	11.30%	1.29	0.63	76.40%	24.40%	44.09%
CTRA	COTERRA ENERGY INC	$21.23B	10.10%	6.40%	9.19%	8.80%	0.60	1.49	66.90%	23.30%	31.74%
EPSN	EPSILON ENERGY LTD	$117.72M	4.90%	4.00%	5.99%	6.50%	0.25	2.34	68.90%	16.80%	23.54%
CIVI	CIVITAS RESOURCES INC	$7.36B	12.70%	5.80%	9.82%	8.70%	1.27	0.37	74.10%	18.20%	29.57%
OXY	OCCIDENTAL PETROLEUM CORP	$55.41B	11.70%	4.80%	10.51%	8.20%	1.41	0.95	32.20%	12.70%	24.86%
PED	PEDEVCO CORP	$85.78M	-0.70%	-0.60%	-0.71%	-0.80%	0.18	1.31	67.80%	-2.40%	-2.36%
CNX	CNX RESOURCES CORP	$4.03B	24.50%	11.90%	18.58%	14.90%	1.01	0.53	79.50%	40.00%	56.86%
HPK	HIGHPEAK ENERGY INC	$2.02B	11.80%	5.80%	14.11%	11.40%	0.97	1.04	82.70%	14.60%	33.21%
DEC	DIVERSIFIED ENERGY CO PLC	$727.48M	350.00%	20.80%	35.28%	24.30%	4.91	0.48	23.40%	87.30%	115.21%
KRP	KIMBELL ROYALTY PARTNERS LP	$1.60B	6.10%	3.20%	5.56%	4.80%	0.47	8.48	92.70%	12.90%	22.97%
GPOR	GULFPORT ENERGY CORP	$2.93B	44.70%	28.20%	18.79%	16.00%	0.47	1.05	69.20%	64.10%	40.78%
CRK	COMSTOCK RESOURCES INC	$3.42B	2.60%	1.00%	3.95%	2.90%	1.57	0.64	54.40%	4.30%	16.13%
SD	SANDRIDGE ENERGY INC	$518.27M	10.60%	8.60%	10.77%	18.50%	0.26	4.70	63.10%	35.50%	37.88%
OVV	OVINTIV INC	$13.79B	19.60%	9.80%	15.88%	12.90%	0.93	0.52	48.30%	18.10%	25.34%
KOS	KOSMOS ENERGY LTD	$2.88B	22.10%	4.40%	9.86%	6.80%	3.99	0.91	76.80%	12.90%	26.75%
CRC	CALIFORNIA RESOURCES CORP	$3.24B	11.90%	6.40%	12.30%	11.90%	0.87	1.41	54.00%	11.30%	18.29%
VRN	VEREN INC	$5.40B	-0.90%	-0.50%	1.90%	1.50%	0.89	1.03	67.10%	-1.60%	5.67%
KGEI	KOLIBRI GLOBAL ENERGY INC	$126.29M	8.80%	6.80%	10.50%	10.00%	0.32	0.61	87.00%	29.10%	44.08%
BRY	BERRY CORP (BRY)	$536.26M	0.40%	0.20%	3.49%	2.60%	1.29	0.61	42.40%	0.40%	6.02%
CKX	CKX LANDS INC	$27.28M	-0.10%	-0.10%	1.18%	2.30%	0.02	24.38	95.70%	-1.40%	14.55%
INDO	INDONESIA ENERGY CORP LTD	$31.53M	-16.50%	-13.80%	-16.40%	-19.30%	0.21	3.77	16.30%	-75.00%	-74.96%
RRC	RANGE RESOURCES CORP	$8.96B	13.40%	6.80%	10.84%	9.10%	0.93	1.35	51.40%	17.00%	25.75%
AR	ANTERO RESOURCES CORP	$11.07B	0.90%	0.50%	1.74%	1.30%	0.89	0.29	32.80%	1.50%	4.82%
BTE	BAYTEX ENERGY CORP	$3.02B	-7.00%	-3.70%	-5.01%	-3.50%	0.98	0.67	68.20%	-9.90%	-11.62%
HUSA	HOUSTON AMERICAN ENERGY CORP	$14.51M	-28.90%	-27.70%	-32.83%	-45.10%	0.05	11.27	26.50%	-468.10%	-468.06%
GRNT	GRANITE RIDGE RESOURCES INC	$856.37M	9.10%	6.60%	9.67%	9.20%	0.43	2.55	77.00%	15.40%	22.24%
EPM	EVOLUTION PETROLEUM CORP	$191.81M	3.40%	2.20%	3.28%	3.90%	1.00	1.49	41.20%	3.60%	5.98%
VTS	VITESSE ENERGY INC	$751.69M	4.80%	3.50%	7.60%	7.10%	0.43	0.88	72.80%	10.90%	22.36%
TALO	TALOS ENERGY INC	$2.21B	-0.70%	-0.30%	2.37%	2.40%	1.34	0.78	71.50%	-1.00%	8.68%
WDS	WOODSIDE ENERGY GROUP LTD	$35.13B	4.70%	2.90%	6.98%	7.00%	0.59	1.03	46.30%	11.90%	25.14%
BRN	BARNWELL INDUSTRIES INC	$28.18M	-18.20%	-9.40%	-12.12%	-13.00%	1.00	1.53	35.30%	-13.30%	-13.12%
TELL	TELLURIAN INC	$429.82M	-30.00%	-14.30%	-14.84%	-10.70%	0.96	0.46	47.50%	-129.90%	-116.83%
VET	VERMILION ENERGY INC	$2.01B	-6.60%	-3.40%	-3.49%	-2.70%	1.06	1.18	61.20%	-11.80%	-9.62%
WTI	W&T OFFSHORE INC	$327.49M	-82.00%	-2.00%	3.09%	2.50%	53.26	1.08	46.30%	-4.00%	5.34%
OBE	OBSIDIAN ENERGY LTD	$593.66M	5.50%	4.00%	8.14%	7.40%	0.41	0.45	63.40%	13.30%	25.08%
SWN	SOUTHWESTERN ENERGY CO	$8.30B	-32.90%	-15.90%	-28.22%	-16.40%	1.38	0.62	28.00%	-32.90%	-40.59%
BATL	BATTALION OIL CORP	$95.94M	-120.70%	-15.50%	-7.18%	-5.00%	14.60	0.57	75.00%	-35.20%	-11.92%
USEG	US ENERGY CORP	$28.07M	-72.70%	-43.70%	-67.74%	-45.40%	0.91	0.52	44.10%	-138.10%	-137.57%
AMPY	AMPLIFY ENERGY CORP	$249.56M	7.70%	3.90%	6.44%	5.50%	0.87	0.79	45.80%	9.30%	13.41%
STR	SITIO ROYALTIES CORP	$3.62B	-5.60%	-1.90%	-0.45%	-0.40%	0.74	3.37	100.00%	-15.50%	-3.54%
CRGY	CRESCENT ENERGY CO	$2.24B	-1.00%	-0.20%	2.40%	1.90%	1.65	0.75	54.70%	-0.70%	5.94%
EP	EMPIRE PETROLEUM CORP	$219.96M	-53.90%	-16.90%	-17.85%	-19.40%	2.16	0.51	17.30%	-35.50%	-33.09%
TPET	TRIO PETROLEUM CORP	$8.67M	-76.40%	-65.80%	-75.77%	-78.60%	0.25	0.25	N/A	N/A	N/A
GTE	GRAN TIERRA ENERGY INC	$291.39M	0.80%	0.20%	14.21%	10.20%	2.58	0.65	67.70%	0.50%	25.02%
CEI	CAMBER ENERGY INC	$29.36M	-738.10%	-62.80%	-75.40%	-109.90%	7.20	0.52	31.00%	-199.30%	-192.85%
TXO	TXO PARTNERS LP	$664.56M	-30.70%	-22.30%	-26.77%	-22.60%	0.48	1.36	29.40%	-61.30%	-59.90%
GFR	GREENFIRE RESOURCES LTD	$412.54M	-23.00%	-14.10%	-3.30%	-2.50%	0.84	0.76	22.50%	-26.10%	-5.12%
MNR	MACH NATURAL RESOURCES LP	$1.83B	N/A	N/A	N/A	N/A	1.03	1.00	N/A	N/A	N/A
CLMT	CALUMET SPECIALTY PRODUCTS PARTNERS LP	$1.31B	N/A	-0.80%	11.14%	5.70%	-5.69	0.99	10.40%	-0.50%	5.12%
NEXT	NEXTDECADE CORP	$1.85B	-38.00%	-4.50%	1.86%	1.90%	5.85	0.56	N/A	N/A	N/A

Oil and Gas Stocks FAQ

What are the best oil and gas stocks to buy right now in Jun 2024?

According to Zen Score, the 3 best oil stocks to buy right now are:

1. Diamondback Energy (NASDAQ:FANG)

Diamondback Energy (NASDAQ:FANG) is the top oil and gas stock with a Zen Score of 58, which is 27 points higher than the oil and gas industry average of 31. It passed 22 out of 38 due diligence checks and has strong fundamentals. Diamondback Energy has seen its stock return 56.71% over the past year, overperforming other oil and gas stocks by 27 percentage points.

Diamondback Energy has an average 1 year price target of $216.25, an upside of 8.53% from Diamondback Energy's current stock price of $199.26.

Diamondback Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Diamondback Energy, 62.5% have issued a Strong Buy rating, 18.75% have issued a Buy, 18.75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Sm Energy Co (NYSE:SM)

Sm Energy Co (NYSE:SM) is the second best oil and gas stock with a Zen Score of 57, which is 26 points higher than the oil and gas industry average of 31. It passed 21 out of 38 due diligence checks and has strong fundamentals. Sm Energy Co has seen its stock return 91.82% over the past year, overperforming other oil and gas stocks by 62 percentage points.

Sm Energy Co has an average 1 year price target of $52.89, an upside of 4.88% from Sm Energy Co's current stock price of $50.43.

Sm Energy Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Sm Energy Co, 44.44% have issued a Strong Buy rating, 22.22% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Geopark (NYSE:GPRK)

Geopark (NYSE:GPRK) is the third best oil and gas stock with a Zen Score of 56, which is 25 points higher than the oil and gas industry average of 31. It passed 21 out of 38 due diligence checks and has strong fundamentals. Geopark has seen its stock return 9.09% over the past year, underperforming other oil and gas stocks by -21 percentage points.

Geopark has an average 1 year price target of $12.50, an upside of 19.73% from Geopark's current stock price of $10.44.

Geopark stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Geopark, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the oil and gas stocks with highest dividends?

Out of 35 oil and gas stocks that have issued dividends in the past year, the 3 oil and gas stocks with the highest dividend yields are:

1. Us Energy (NASDAQ:USEG)

Us Energy (NASDAQ:USEG) has an annual dividend yield of N/A, which is N/A percentage points lower than the oil and gas industry average of 3.13%. Us Energy's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Us Energy's dividend has not shown consistent growth over the last 10 years.

Us Energy's dividend payout ratio of -1.4% indicates that its dividend yield might not be sustainable for the long-term.

2. Black Stone Minerals (NYSE:BSM)

Black Stone Minerals (NYSE:BSM) has an annual dividend yield of 11.17%, which is 8 percentage points higher than the oil and gas industry average of 3.13%. Black Stone Minerals's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Black Stone Minerals's dividend has shown consistent growth over the last 10 years.

Black Stone Minerals's dividend payout ratio of 121% indicates that its high dividend yield might not be sustainable for the long-term.

3. Kimbell Royalty Partners (NYSE:KRP)

Kimbell Royalty Partners (NYSE:KRP) has an annual dividend yield of 10.85%, which is 8 percentage points higher than the oil and gas industry average of 3.13%. Kimbell Royalty Partners's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Kimbell Royalty Partners's dividend has shown consistent growth over the last 10 years.

Kimbell Royalty Partners's dividend payout ratio of 275.4% indicates that its high dividend yield might not be sustainable for the long-term.

Why are oil and gas stocks up?

Oil and gas stocks were up 1.38% in the last day, and up 2.33% over the last week.

We couldn't find a catalyst for why oil and gas stocks are up.

What are the most undervalued oil and gas stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued oil and gas stocks right now are:

1. Chord Energy (NASDAQ:CHRD)

Chord Energy (NASDAQ:CHRD) is the most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Chord Energy has a valuation score of 100, which is 63 points higher than the oil and gas industry average of 37. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 29.62% in the past year. It has performed in line with other stocks in the oil and gas industry.

2. Chesapeake Energy (NASDAQ:CHK)

Chesapeake Energy (NASDAQ:CHK) is the second most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Chesapeake Energy has a valuation score of 100, which is 63 points higher than the oil and gas industry average of 37. It passed 7 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 20.84% in the past year. It has underperformed other stocks in the oil and gas industry by -9 percentage points.

3. Primeenergy Resources (NASDAQ:PNRG)

Primeenergy Resources (NASDAQ:PNRG) is the third most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Primeenergy Resources has a valuation score of 71, which is 34 points higher than the oil and gas industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Primeenergy Resources's stock has gained 24.59% in the past year. It has underperformed other stocks in the oil and gas industry by -5 percentage points.

Are oil and gas stocks a good buy now?

48.08% of oil and gas stocks rated by analysts are a strong buy right now. On average, analysts expect oil and gas stocks to rise by 17.07% over the next year.

What is the average p/e ratio of the oil & gas e&p industry?

The average P/E ratio of the oil & gas e&p industry is 13.99x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.