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Best Energy Stocks to Buy Now (2024)
Top energy stocks in 2024 ranked by overall Zen Score. See the best energy stocks to buy now, according to analyst forecasts for the energy sector.

Sector: Energy
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
CHRD
CHORD ENERGY CORP
NASDAQ
Oil & Gas E&P
$7.53B$180.590.91%$1.87B8.10x0.38
FRO
FRONTLINE PLC
NYSE
Oil & Gas Midstream
$6.12B$27.480.59%$1.06B9.32x1.60
FANG
DIAMONDBACK ENERGY INC
NASDAQ
Oil & Gas E&P
$35.25B$197.671.58%$6.11B11.15x0.69
PUMP
PROPETRO HOLDING CORP
NYSE
Oil & Gas Equipment & Services
$1.04B$9.680.62%$297.07M14.03x0.54
TNK
TEEKAY TANKERS LTD
NYSE
Oil & Gas Midstream
$2.46B$71.83-0.57%$610.20M5.02x0.11
SM
SM ENERGY CO
NYSE
Oil & Gas E&P
$5.63B$48.951.03%$1.62B7.65x0.73
VLO
VALERO ENERGY CORP
NYSE
Oil & Gas Refining & Marketing
$54.30B$166.064.77%$12.43B8.16x1.30
TRMD
TORM PLC
NASDAQ
Oil & Gas Midstream
$3.52B$38.160.71%$896.70M4.82x0.70
INSW
INTERNATIONAL SEAWAYS INC
NYSE
Oil & Gas Midstream
$3.13B$63.31-0.30%$727.52M5.87x0.42
PARR
PAR PACIFIC HOLDINGS INC
NYSE
Oil & Gas Refining & Marketing
$1.67B$28.890.10%$571.03M3.55x1.88
MGY
MAGNOLIA OIL & GAS CORP
NYSE
Oil & Gas E&P
$5.17B$25.480.95%$838.99M12.68x0.54
GPRK
GEOPARK LTD
NYSE
Oil & Gas E&P
$556.59M$10.060.80%$394.63M4.91x4.14
SDPI
SUPERIOR DRILLING PRODUCTS INC
NYSEMKT
Oil & Gas Equipment & Services
$38.29M$1.261.61%$354.59k9.00x0.72
EGY
VAALCO ENERGY INC
NYSE
Oil & Gas E&P
$636.25M$6.15-0.32%$283.66M10.25x0.71
DVN
DEVON ENERGY CORP
NYSE
Oil & Gas E&P
$31.36B$49.620.77%$7.10B9.42x1.04
NFG
NATIONAL FUEL GAS CO
NYSE
Oil & Gas Integrated
$5.20B$56.610.04%$1.20B11.17x1.63
PTEN
PATTERSON UTI ENERGY INC
NASDAQ
Oil & Gas Drilling
$4.54B$11.312.26%$1.20B17.95x0.52
PFIE
PROFIRE ENERGY INC
NASDAQ
Oil & Gas Equipment & Services
$65.00M$1.38-2.82%$11.99M6.90x0.12
BSM
BLACK STONE MINERALS LP
NYSE
Oil & Gas E&P
$3.66B$16.231.82%$401.83M10.34x0.06
RES
RPC INC
NYSE
Oil & Gas Equipment & Services
$1.50B$6.981.16%$313.39M9.97x0.26
LPG
DORIAN LPG LTD
NYSE
Oil & Gas Midstream
$1.78B$43.73-0.39%$435.96M5.78x0.85
CVE
CENOVUS ENERGY INC
NYSE
Oil & Gas Integrated
$37.68B$20.201.15%$8.22B11.43x0.85
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
NYSE
Oil & Gas Equipment & Services
$532.72M$19.93-1.48%$185.22M13.89x3.32
BKR
BAKER HUGHES CO
NASDAQ
Oil & Gas Equipment & Services
$33.39B$33.461.33%$3.80B18.38x1.40
PBF
PBF ENERGY INC
NYSE
Oil & Gas Refining & Marketing
$6.10B$51.474.78%$3.14B3.40x1.12
PR
PERMIAN RESOURCES CORP
NYSE
Oil & Gas E&P
$12.62B$16.390.68%$2.13B12.71x0.82
SU
SUNCOR ENERGY INC
NYSE
Oil & Gas Integrated
$51.60B$40.090.80%$13.47B9.08x1.01
XOM
EXXON MOBIL CORP
NYSE
Oil & Gas Integrated
$471.74B$119.641.50%$69.19B14.66x0.80
DNOW
DNOW INC
NYSE
Oil & Gas Equipment & Services
$1.45B$13.62-2.71%$159.00M6.25x0.48
WFRD
WEATHERFORD INTERNATIONAL PLC
NASDAQ
Oil & Gas Equipment & Services
$9.06B$123.800.77%$988.00M19.59x3.66
TNP
TSAKOS ENERGY NAVIGATION LTD
NYSE
Oil & Gas Midstream
$890.18M$30.171.00%$524.12M3.34x1.06
VTLE
VITAL ENERGY INC
NYSE
Oil & Gas E&P
$1.82B$49.532.38%$1.02B1.93x1.02
MPC
MARATHON PETROLEUM CORP
NYSE
Oil & Gas Refining & Marketing
$63.30B$179.672.80%$14.07B8.85x2.43
NOG
NORTHERN OIL & GAS INC
NYSE
Oil & Gas E&P
$4.04B$40.010.65%$1.38B6.28x1.32
HAL
HALLIBURTON CO
NYSE
Oil & Gas Equipment & Services
$33.55B$37.901.12%$4.73B13.07x1.55
DMLP
DORCHESTER MINERALS LP
NASDAQ
Oil & Gas E&P
$1.27B$31.760.13%$130.72M12.31x0.03
MXC
MEXCO ENERGY CORP
NYSEMKT
Oil & Gas E&P
$25.15M$11.991.15%$4.30M12.89x0.07
E
ENI SPA
NYSE
Oil & Gas Integrated
$55.16B$32.681.49%$19.66B10.66x1.67
TK
TEEKAY CORP
NYSE
Oil & Gas Midstream
$839.99M$9.230.76%$281.65M5.49x0.29
COP
CONOCOPHILLIPS
NYSE
Oil & Gas E&P
$142.34B$121.711.57%$24.87B13.75x0.93
EPD
ENTERPRISE PRODUCTS PARTNERS LP
NYSE
Oil & Gas Midstream
$62.02B$28.56-0.17%$9.05B11.24x1.55
VAL
VALARIS LTD
NYSE
Oil & Gas Equipment & Services
$5.55B$76.600.05%$286.40M6.71x1.15
WKC
WORLD KINECT CORP
NYSE
Oil & Gas Refining & Marketing
$1.53B$25.501.47%$338.90M26.56x2.67
BP
BP PLC
NYSE
Oil & Gas Integrated
$105.71B$37.491.02%$36.46B11.35x2.73
TRP
TC ENERGY CORP
NYSE
Oil & Gas Midstream
$40.37B$38.91-0.54%$7.15B20.49x2.94
MRC
MRC GLOBAL INC
NYSE
Oil & Gas Equipment & Services
$1.15B$13.48-2.18%$206.00M15.32x2.88
NVGS
NAVIGATOR HOLDINGS LTD
NYSE
Oil & Gas Midstream
$1.22B$16.692.90%$288.52M14.26x0.78
FLNG
FLEX LNG LTD
NYSE
Oil & Gas Midstream
$1.58B$29.430.72%$302.20M13.14x2.20
EQT
EQT CORP
NYSE
Oil & Gas E&P
$18.18B$41.171.63%$2.73B27.63x0.68
TRGP
TARGA RESOURCES CORP
NYSE
Oil & Gas Midstream
$26.09B$117.671.33%$3.55B24.06x6.02
WHD
CACTUS INC
NYSE
Oil & Gas Equipment & Services
$4.13B$51.961.66%$298.73M20.46x0.53
HES
HESS CORP
NYSE
Oil & Gas E&P
$48.72B$158.111.15%$5.49B24.10x1.44
APA
APA CORP
NASDAQ
Oil & Gas E&P
$11.46B$30.881.21%$4.13B3.46x4.33
GEOS
GEOSPACE TECHNOLOGIES CORP
NASDAQ
Oil & Gas Equipment & Services
$132.42M$9.91-3.51%$31.98M8.06x0.11
CVX
CHEVRON CORP
NYSE
Oil & Gas Integrated
$300.45B$162.670.98%$46.29B14.90x0.62
WES
WESTERN MIDSTREAM PARTNERS LP
NYSE
Oil & Gas Midstream
$14.47B$38.041.44%$2.37B10.69x2.75
CVI
CVR ENERGY INC
NYSE
Oil & Gas Refining & Marketing
$2.98B$29.601.23%$1.18B4.54x3.44
SUN
SUNOCO LP
NYSE
Oil & Gas Refining & Marketing
$5.43B$53.821.07%$928.00M11.78x5.59
LNG
CHENIERE ENERGY INC
NYSE
Oil & Gas Midstream
$36.66B$160.161.41%$9.20B7.72x8.14
CHX
CHAMPIONX CORP
NASDAQ
Oil & Gas Equipment & Services
$6.53B$34.360.50%$761.50M18.28x0.95
PBR
PETROBRAS - PETROLEO BRASILEIRO
NYSE
Oil & Gas Integrated
$97.18B$15.02-1.38%$52.49B3.93x1.76
DHT
DHT HOLDINGS INC
NYSE
Oil & Gas Midstream
$2.02B$12.49-1.19%$316.41M11.90x0.41
LBRT
LIBERTY ENERGY INC
NYSE
Oil & Gas Equipment & Services
$3.95B$23.682.96%$1.10B8.43x0.64
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
NYSE
Oil & Gas Equipment & Services
$402.81M$9.15-0.54%$69.62M13.46x0.74
EURN
EURONAV NV
NYSE
Oil & Gas Midstream
$4.03B$20.70-0.19%$1.56B3.54x0.93
VNOM
VIPER ENERGY INC
NASDAQ
Oil & Gas Midstream
$6.66B$37.671.15%$479.43M13.85x1.06
REPX
RILEY EXPLORATION PERMIAN INC
NYSEMKT
Oil & Gas E&P
$571.77M$26.543.43%$243.72M5.33x1.20
CHK
CHESAPEAKE ENERGY CORP
NASDAQ
Oil & Gas E&P
$12.02B$91.690.64%$2.98B11.45x0.31
MTDR
MATADOR RESOURCES CO
NYSE
Oil & Gas E&P
$7.75B$62.080.70%$2.02B8.46x0.81
KNTK
KINETIK HOLDINGS INC
NYSE
Oil & Gas Midstream
$6.22B$40.460.77%$657.77M7.48x-3.90
MUR
MURPHY OIL CORP
NYSE
Oil & Gas E&P
$6.57B$43.08-0.30%$1.71B11.90x0.79
SLB
SCHLUMBERGER LIMITED
NYSE
Oil & Gas Equipment & Services
$69.45B$48.590.35%$8.23B15.93x1.25
TPL
TEXAS PACIFIC LAND CORP
NYSE
Oil & Gas E&P
$14.03B$610.220.28%$568.40M32.42x0.12
CNQ
CANADIAN NATURAL RESOURCES LTD
NYSE
Oil & Gas E&P
$82.46B$77.071.72%$11.91B15.57x0.92
PDS
PRECISION DRILLING CORP
NYSE
Oil & Gas Drilling
$1.03B$71.901.35%$423.35M6.00x0.83
MPLX
MPLX LP
NYSE
Oil & Gas Midstream
$41.11B$40.450.12%$5.91B10.43x1.78
HP
HELMERICH & PAYNE INC
NYSE
Oil & Gas Drilling
$3.80B$38.490.73%$896.21M10.97x0.58
TTE
TOTALENERGIES SE
NYSE
Oil & Gas Integrated
$174.69B$73.191.44%$50.21B8.21x1.37
DINO
HF SINCLAIR CORP
NYSE
Oil & Gas Refining & Marketing
$11.22B$58.412.49%$2.96B7.18x0.75
PHX
PHX MINERALS INC
NYSE
Oil & Gas E&P
$119.87M$3.200.63%$17.45M29.09x0.34
ET
ENERGY TRANSFER LP
NYSE
Oil & Gas Midstream
$53.79B$15.960.82%$11.65B14.64x2.00
NCSM
NCS MULTISTAGE HOLDINGS INC
NASDAQ
Oil & Gas Equipment & Services
$44.82M$17.915.73%$20.46M3.17x0.31
REI
RING ENERGY INC
NYSEMKT
Oil & Gas E&P
$368.16M$1.865.68%$213.65M4.65x0.75
NE
NOBLE CORP PLC
NYSE
Oil & Gas Drilling
$6.81B$47.710.08%$883.16M14.24x0.39
EQNR
EQUINOR ASA
NYSE
Oil & Gas Integrated
$83.95B$28.511.86%$50.16B7.25x1.96
PNRG
PRIMEENERGY RESOURCES CORP
NASDAQ
Oil & Gas E&P
$188.69M$105.721.95%$82.04M5.11x0.97
VIST
VISTA ENERGY SAB DE CV
NYSE
Oil & Gas E&P
$4.62B$47.490.04%$756.48M13.01x1.14
NOV
NOV INC
NYSE
Oil & Gas Equipment & Services
$7.54B$19.060.90%$1.04B7.62x0.80
CTRA
COTERRA ENERGY INC
NYSE
Oil & Gas E&P
$20.98B$28.190.64%$3.47B16.29x0.60
SGU
STAR GROUP LP
NYSE
Oil & Gas Refining & Marketing
$358.29M$10.170.20%$102.40M12.87x1.84
EOG
EOG RESOURCES INC
NYSE
Oil & Gas E&P
$74.68B$129.941.58%$13.30B10.22x0.56
IMPP
IMPERIAL PETROLEUM INC/MARSHALL ISLANDS
NASDAQ
Oil & Gas Midstream
$119.55M$4.012.04%$68.17M2.42x0.04
PAA
PLAINS ALL AMERICAN PIPELINE LP
NASDAQ
Oil & Gas Midstream
$12.18B$17.372.12%$2.59B14.85x1.33
MRO
MARATHON OIL CORP
NYSE
Oil & Gas E&P
$14.78B$26.210.31%$4.32B10.83x0.77
RNGR
RANGER ENERGY SERVICES INC
NYSE
Oil & Gas Equipment & Services
$238.67M$10.430.77%$65.90M15.34x0.36
MARPS
MARINE PETROLEUM TRUST
NASDAQ
Oil & Gas Midstream
$8.90M$4.453.49%N/A11.13x0.00
STNG
SCORPIO TANKERS INC
NYSE
Oil & Gas Midstream
$4.08B$81.690.79%$944.98M7.25x0.53
SBOW
SILVERBOW RESOURCES INC
NYSE
Oil & Gas E&P
$957.18M$37.482.35%$606.32M4.73x1.29
SLCA
US SILICA HOLDINGS INC
NYSE
Oil & Gas Equipment & Services
$1.21B$15.520.06%$391.40M10.28x1.37
DLNG
DYNAGAS LNG PARTNERS LP
NYSE
Oil & Gas Midstream
$146.84M$3.990.00%$107.24M6.05x1.03

Energy Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
11+0.84%+2.70%+3.59%+17.36%8.51x1.04x+5.63%+4.34%+7.55%+36.72%Buy
80+1.00%+0.36%+1.31%+26.37%14.10x2.04x+19.91%+9.82%+15.13%+17.17%Buy
49+0.56%+2.16%+6.53%+35.46%20.57x2.69x+20.00%+8.11%+14.54%+18.37%Strong Buy
17+0.83%-0.74%+3.23%+18.27%11.98x1.64x+16.04%+7.49%+15.79%+17.35%Buy
48+0.73%+2.45%+8.69%+33.78%15.15x2.41x+24.54%+7.23%+11.01%+7.63%Buy
21+1.99%+1.59%-4.71%+27.51%8.99x2.18x+26.18%+8.26%+15.98%+14.70%Buy

Energy Stocks FAQ

What are the best energy stocks to buy right now in May 2024?

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

1. Chord Energy (NASDAQ:CHRD)


Chord Energy (NASDAQ:CHRD) is the top energy stock with a Zen Score of 60, which is 27 points higher than the energy sector average of 33. It passed 23 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 26.33% over the past year, underperforming other energy stocks by -1 percentage points.

Chord Energy has an average 1 year price target of $216.00, an upside of 19.61% from Chord Energy's current stock price of $180.59.

Chord Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Chord Energy, 80% have issued a Strong Buy rating, 20% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Frontline (NYSE:FRO)


Frontline (NYSE:FRO) is the second best energy stock with a Zen Score of 59, which is 26 points higher than the energy sector average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Frontline has seen its stock return 87.58% over the past year, overperforming other energy stocks by 60 percentage points.

Frontline has an average 1 year price target of $26.10, a downside of -5.02% from Frontline's current stock price of $27.48.

Frontline stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Frontline, 66.67% have issued a Strong Buy rating, 0% 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. Teekay Tankers (NYSE:TNK)


Teekay Tankers (NYSE:TNK) is the third best energy stock with a Zen Score of 58, which is 25 points higher than the energy sector average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Teekay Tankers has seen its stock return 78.55% over the past year, overperforming other energy stocks by 51 percentage points.

Teekay Tankers has an average 1 year price target of $76.00, an upside of 5.81% from Teekay Tankers's current stock price of $71.83.

Teekay Tankers stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Teekay Tankers, 66.67% have issued a Strong Buy rating, 33.33% 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 energy stocks with highest dividends?

Out of 116 energy stocks that have issued dividends in the past year, the 3 energy 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 energy sector average of 4.36%. 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. Mexco Energy (NYSEMKT:MXC)


Mexco Energy (NYSEMKT:MXC) has an annual dividend yield of N/A, which is N/A percentage points lower than the energy sector average of 4.36%.

Mexco Energy's dividend payout ratio of 10.8% indicates that its dividend yield is sustainable for the long-term.

3. Icahn Enterprises (NASDAQ:IEP)


Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 23.77%, which is 19 percentage points higher than the energy sector average of 4.36%. Icahn Enterprises's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Icahn Enterprises's dividend has not shown consistent growth over the last 10 years.

Icahn Enterprises's dividend payout ratio of -454.5% indicates that its high dividend yield might not be sustainable for the long-term.

Why are energy stocks up?

Energy stocks were up 0.98% in the last day, and up 1.14% over the last week.

We couldn't find a catalyst for why energy stocks are up.

What are the most undervalued energy stocks?

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

1. Chord Energy (NASDAQ:CHRD)


Chord Energy (NASDAQ:CHRD) is the most undervalued energy stock based on WallStreetZen's Valuation Score. Chord Energy has a valuation score of 100, which is 64 points higher than the energy sector average of 36. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 26.33% in the past year. It has underperformed other stocks in the energy sector by -1 percentage points.

2. Chesapeake Energy (NASDAQ:CHK)


Chesapeake Energy (NASDAQ:CHK) is the second most undervalued energy stock based on WallStreetZen's Valuation Score. Chesapeake Energy has a valuation score of 100, which is 64 points higher than the energy sector average of 36. It passed 7 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 17.16% in the past year. It has underperformed other stocks in the energy sector by -11 percentage points.

3. Plains All American Pipeline (NASDAQ:PAA)


Plains All American Pipeline (NASDAQ:PAA) is the third most undervalued energy stock based on WallStreetZen's Valuation Score. Plains All American Pipeline has a valuation score of 86, which is 50 points higher than the energy sector average of 36. It passed 6 out of 7 valuation due diligence checks.

Plains All American Pipeline's stock has gained 30.6% in the past year. It has overperformed other stocks in the energy sector by 3 percentage points.

Are energy stocks a good buy now?

50% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 16.08% over the next year.

What is the average p/e ratio of the energy sector?

The average P/E ratio of the energy sector is 13.31x.
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.