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Best Oil & Gas Equipment & Service Stocks to Buy Now (2024)
Top oil & gas equipment & service stocks in 2024 ranked by overall Zen Score. See the best oil & gas equipment & service stocks to buy now, according to analyst forecasts for the oil & gas equipment & services industry.

Industry: Oil & Gas Equipment & Ser...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
PUMP
PROPETRO HOLDING CORP
NYSE
Oil & Gas Equipment & Services
$989.04M$9.24-1.91%$297.07M13.39x0.54
SDPI
SUPERIOR DRILLING PRODUCTS INC
NYSEMKT
Oil & Gas Equipment & Services
$37.99M$1.250.00%$3.64M5.00x0.62
PFIE
PROFIRE ENERGY INC
NASDAQ
Oil & Gas Equipment & Services
$69.71M$1.48-4.21%$11.99M7.40x0.12
DTI
DRILLING TOOLS INTERNATIONAL CORP
NASDAQ
Oil & Gas Equipment & Services
$168.19M$5.651.99%$45.76M8.43x0.49
RES
RPC INC
NYSE
Oil & Gas Equipment & Services
$1.44B$6.72-2.33%$313.39M9.60x0.26
VAL
VALARIS LTD
NYSE
Oil & Gas Equipment & Services
$5.28B$72.90-2.27%$286.40M6.38x1.15
BKR
BAKER HUGHES CO
NASDAQ
Oil & Gas Equipment & Services
$32.28B$32.34-1.34%$3.80B17.77x1.40
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
NYSE
Oil & Gas Equipment & Services
$549.82M$20.57-1.11%$185.22M14.33x3.32
WFRD
WEATHERFORD INTERNATIONAL PLC
NASDAQ
Oil & Gas Equipment & Services
$8.91B$121.81-2.84%$988.00M19.27x3.66
DNOW
DNOW INC
NYSE
Oil & Gas Equipment & Services
$1.42B$13.28-10.69%$159.00M6.09x0.48
HAL
HALLIBURTON CO
NYSE
Oil & Gas Equipment & Services
$32.82B$37.07-1.09%$4.73B12.78x1.55
NCSM
NCS MULTISTAGE HOLDINGS INC
NASDAQ
Oil & Gas Equipment & Services
$46.55M$18.60-1.06%$20.46M3.29x0.31
MRC
MRC GLOBAL INC
NYSE
Oil & Gas Equipment & Services
$1.16B$13.677.13%$206.00M15.53x2.88
WHD
CACTUS INC
NYSE
Oil & Gas Equipment & Services
$4.03B$50.64-0.92%$298.73M19.94x0.53
GEOS
GEOSPACE TECHNOLOGIES CORP
NASDAQ
Oil & Gas Equipment & Services
$139.50M$10.44-23.40%$31.98M8.49x0.11
LBRT
LIBERTY ENERGY INC
NYSE
Oil & Gas Equipment & Services
$3.74B$22.45-0.31%$1.10B7.99x0.64
CHX
CHAMPIONX CORP
NASDAQ
Oil & Gas Equipment & Services
$6.50B$34.230.03%$761.50M18.21x0.95
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
NYSE
Oil & Gas Equipment & Services
$398.84M$9.06-3.31%$69.62M13.32x0.74
SLB
SCHLUMBERGER LIMITED
NYSE
Oil & Gas Equipment & Services
$69.32B$48.500.04%$8.23B15.90x1.25
NOV
NOV INC
NYSE
Oil & Gas Equipment & Services
$7.45B$18.84-1.52%$1.04B7.54x0.80
NGS
NATURAL GAS SERVICES GROUP INC
NYSE
Oil & Gas Equipment & Services
$286.05M$23.00-2.17%$37.25M58.97x1.03
RNGR
RANGER ENERGY SERVICES INC
NYSE
Oil & Gas Equipment & Services
$229.98M$10.05-3.92%$65.90M14.78x0.36
SLCA
US SILICA HOLDINGS INC
NYSE
Oil & Gas Equipment & Services
$1.21B$15.52-0.51%$391.40M10.28x1.37
CLB
CORE LABORATORIES INC
NYSE
Oil & Gas Equipment & Services
$797.30M$17.00-0.53%$71.76M20.99x1.51
BOOM
DMC GLOBAL INC
NASDAQ
Oil & Gas Equipment & Services
$270.76M$13.55-1.09%$87.78M12.32x0.64
OII
OCEANEERING INTERNATIONAL INC
NYSE
Oil & Gas Equipment & Services
$2.36B$23.26-2.06%$311.22M21.54x2.57
FTI
TECHNIPFMC PLC
NYSE
Oil & Gas Equipment & Services
$11.46B$26.60-0.86%$885.80M54.29x2.01
AROC
ARCHROCK INC
NYSE
Oil & Gas Equipment & Services
$3.15B$20.18-0.88%$457.77M24.31x2.02
AESI
ATLAS ENERGY SOLUTIONS INC
NYSE
Oil & Gas Equipment & Services
$2.50B$22.72-1.17%$222.18M13.21x0.82
SND
SMART SAND INC
NASDAQ
Oil & Gas Equipment & Services
$100.21M$2.33-1.69%$27.29M19.42x0.43
DWSN
DAWSON GEOPHYSICAL CO
NASDAQ
Oil & Gas Equipment & Services
$43.14M$1.40-2.57%-$3.65M-3.11x0.83
DRQ
DRIL-QUIP INC
NYSE
Oil & Gas Equipment & Services
$649.51M$18.87-4.26%$14.63M-29.95x0.19
KGS
KODIAK GAS SERVICES INC
NYSE
Oil & Gas Equipment & Services
$2.33B$27.68-2.05%$462.28M32.56x1.90
RCON
RECON TECHNOLOGY LTD
NASDAQ
Oil & Gas Equipment & Services
$4.66M$1.76-4.35%-$6.81M-0.41x0.21
USAC
USA COMPRESSION PARTNERS LP
NYSE
Oil & Gas Equipment & Services
$2.87B$24.52-2.19%$509.05M58.38x18.77
FTK
FLOTEK INDUSTRIES INC
NYSE
Oil & Gas Equipment & Services
$102.61M$3.46-0.57%$10.29M28.83x0.50
TTI
TETRA TECHNOLOGIES INC
NYSE
Oil & Gas Equipment & Services
$527.18M$4.02-2.19%$83.39M25.13x2.34
NR
NEWPARK RESOURCES INC
NYSE
Oil & Gas Equipment & Services
$644.98M$7.57-1.05%$66.32M37.85x0.52
TDW
TIDEWATER INC
NYSE
Oil & Gas Equipment & Services
$5.53B$104.76-2.07%$388.18M40.92x0.97
EFXT
ENERFLEX LTD
NYSE
Oil & Gas Equipment & Services
$613.59M$4.95-2.75%$264.36M-4.30x1.86
VTOL
BRISTOW GROUP INC
NYSE
Oil & Gas Equipment & Services
$965.36M$34.000.86%$159.74M850.00x1.34
ACDC
PROFRAC HOLDING CORP
NASDAQ
Oil & Gas Equipment & Services
$1.27B$7.94-3.76%$475.40M-8.54x1.38
FET
FORUM ENERGY TECHNOLOGIES INC
NYSE
Oil & Gas Equipment & Services
$234.37M$19.08-2.50%$48.56M-8.12x1.29
XPRO
EXPRO GROUP HOLDINGS NV
NYSE
Oil & Gas Equipment & Services
$2.21B$19.96-0.40%$215.29M-117.41x0.55
OIS
OIL STATES INTERNATIONAL INC
NYSE
Oil & Gas Equipment & Services
$294.11M$4.58-2.97%$67.71M-114.50x0.47
HLX
HELIX ENERGY SOLUTIONS GROUP INC
NYSE
Oil & Gas Equipment & Services
$1.72B$11.31-2.16%$178.27M-53.86x0.78
KLXE
KLX ENERGY SERVICES HOLDINGS INC
NASDAQ
Oil & Gas Equipment & Services
$94.46M$5.60-7.28%$105.40M-6.91x28.44
TRSG
TUNGRAY TECHNOLOGIES INC
NASDAQ
Oil & Gas Equipment & Services
$101.56M$6.25-4.58%$1.97M104.17x0.65
ENSV
ENSERVCO CORP
NYSEMKT
Oil & Gas Equipment & Services
$5.75M$0.21-2.73%-$2.22M-0.51x-25.25
NINE
NINE ENERGY SERVICE INC
NYSE
Oil & Gas Equipment & Services
$66.76M$1.89-3.08%$70.25M-1.85x-9.78

Oil & Gas Equipment & Service Stocks FAQ

What are the best oil & gas equipment & service stocks to buy right now in May 2024?

According to Zen Score, the 3 best oil & gas equipment & service stocks to buy right now are:

1. Propetro Holding (NYSE:PUMP)


Propetro Holding (NYSE:PUMP) is the top oil & gas equipment & service stock with a Zen Score of 58, which is 23 points higher than the oil & gas equipment & service industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. Propetro Holding has seen its stock return 38.12% over the past year, overperforming other oil & gas equipment & service stocks by 8 percentage points.

Propetro Holding has an average 1 year price target of $12.00, an upside of 29.87% from Propetro Holding's current stock price of $9.24.

Propetro Holding stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Propetro Holding, 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.

2. Superior Drilling Products (NYSEMKT:SDPI)


Superior Drilling Products (NYSEMKT:SDPI) is the second best oil & gas equipment & service stock with a Zen Score of 57, which is 22 points higher than the oil & gas equipment & service industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. Superior Drilling Products has seen its stock return 30.21% over the past year.

3. Profire Energy (NASDAQ:PFIE)


Profire Energy (NASDAQ:PFIE) is the third best oil & gas equipment & service stock with a Zen Score of 53, which is 18 points higher than the oil & gas equipment & service industry average of 35. It passed 16 out of 33 due diligence checks and has strong fundamentals. Profire Energy has seen its stock return 12.12% over the past year, underperforming other oil & gas equipment & service stocks by -18 percentage points.

What are the oil & gas equipment & service stocks with highest dividends?

Out of 16 oil & gas equipment & service stocks that have issued dividends in the past year, the 3 oil & gas equipment & service stocks with the highest dividend yields are:

1. Dawson Geophysical Co (NASDAQ:DWSN)


Dawson Geophysical Co (NASDAQ:DWSN) has an annual dividend yield of 22.86%, which is 19 percentage points higher than the oil & gas equipment & service industry average of 3.4%. Dawson Geophysical Co's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Dawson Geophysical Co's dividend has shown consistent growth over the last 10 years.

Dawson Geophysical Co's dividend payout ratio of 0% indicates that its high dividend yield might not be sustainable for the long-term.

2. Usa Compression Partners (NYSE:USAC)


Usa Compression Partners (NYSE:USAC) has an annual dividend yield of 8.56%, which is 5 percentage points higher than the oil & gas equipment & service industry average of 3.4%. Usa Compression Partners's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Usa Compression Partners's dividend has shown consistent growth over the last 10 years.

Usa Compression Partners's dividend payout ratio of 500% indicates that its high dividend yield might not be sustainable for the long-term.

3. Solaris Oilfield Infrastructure (NYSE:SOI)


Solaris Oilfield Infrastructure (NYSE:SOI) has an annual dividend yield of 5.08%, which is 2 percentage points higher than the oil & gas equipment & service industry average of 3.4%. Solaris Oilfield Infrastructure's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Solaris Oilfield Infrastructure's dividend has shown consistent growth over the last 10 years.

Solaris Oilfield Infrastructure's dividend payout ratio of 67.6% indicates that its high dividend yield is sustainable for the long-term.

Why are oil & gas equipment & service stocks down?

Oil & gas equipment & service stocks were down -1.96% in the last day, and up 1.63% over the last week. Geospace Technologies was the among the top losers in the oil & gas equipment & services industry, dropping -23.4% yesterday.

Geospace Technologies shares are trading lower after the company reported a year-over-year decrease in Q2 financial results.

What are the most undervalued oil & gas equipment & service stocks?

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

1. Profire Energy (NASDAQ:PFIE)


Profire Energy (NASDAQ:PFIE) is the most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Profire Energy has a valuation score of 86, which is 53 points higher than the oil & gas equipment & service industry average of 33. It passed 6 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 12.12% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -18 percentage points.

2. Ncs Multistage Holdings (NASDAQ:NCSM)


Ncs Multistage Holdings (NASDAQ:NCSM) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Ncs Multistage Holdings has a valuation score of 71, which is 38 points higher than the oil & gas equipment & service industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Ncs Multistage Holdings's stock has dropped -2.11% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -33 percentage points.

3. Drilling Tools International (NASDAQ:DTI)


Drilling Tools International (NASDAQ:DTI) is the third most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Drilling Tools International has a valuation score of 71, which is 38 points higher than the oil & gas equipment & service industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Drilling Tools International's stock has dropped -46.29% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -77 percentage points.

Are oil & gas equipment & service stocks a good buy now?

62.86% of oil & gas equipment & service stocks rated by analysts are a strong buy right now. On average, analysts expect oil & gas equipment & service stocks to rise by 20.19% over the next year.

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

The average P/E ratio of the oil & gas equipment & services industry is 20.12x.
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.