Sectors & Industries EnergyOil & Gas Equipment & Services
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...

Overview Zen Score Price Valuation Financials Forecast

Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
WFRD	WEATHERFORD INTERNATIONAL PLC	$8.36B	$114.29	$157.13	37.48%	Strong Buy	8	8.76%	9.85%	56.06%	12.02%
NOA	NORTH AMERICAN CONSTRUCTION GROUP LTD	$557.57M	$20.86	N/A	N/A	N/A	N/A	17.33%	51.11%	N/A	N/A
HAL	HALLIBURTON CO	$30.53B	$34.48	$48.56	40.82%	Strong Buy	9	6.28%	16.34%	39.78%	15.55%
SDPI	SUPERIOR DRILLING PRODUCTS INC	$37.38M	$1.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TTI	TETRA TECHNOLOGIES INC	$461.61M	$3.52	$7.67	117.81%	Strong Buy	3	4.58%	68.75%	47.15%	14.15%
DNOW	DNOW INC	$1.47B	$13.78	$16.50	19.74%	Buy	2	6.15%	-17.61%	13.50%	9.11%
PFIE	PROFIRE ENERGY INC	$66.88M	$1.42	N/A	N/A	N/A	N/A	0.18%	0.00%	N/A	N/A
DTI	DRILLING TOOLS INTERNATIONAL CORP	$178.61M	$6.00	N/A	N/A	N/A	N/A	12.29%	27.05%	28.30%	15.51%
LBRT	LIBERTY ENERGY INC	$3.80B	$22.79	$26.00	14.09%	Buy	8	3.71%	2.92%	29.39%	17.88%
BKR	BAKER HUGHES CO	$32.18B	$32.24	$40.40	25.31%	Strong Buy	5	5.53%	18.88%	19.44%	8.05%
SLB	SCHLUMBERGER LIMITED	$64.26B	$44.96	$67.55	50.23%	Strong Buy	11	9.23%	17.16%	32.40%	14.04%
CHX	CHAMPIONX CORP	$6.03B	$31.73	$40.75	28.43%	Buy	4	5.54%	12.75%	N/A	N/A
VAL	VALARIS LTD	$5.50B	$75.90	$98.75	30.11%	Strong Buy	4	22.19%	-61.73%	40.02%	18.57%
GEOS	GEOSPACE TECHNOLOGIES CORP	$136.43M	$10.21	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
WHD	CACTUS INC	$4.20B	$52.78	$53.00	0.42%	Buy	3	2.68%	16.19%	33.39%	18.93%
KGS	KODIAK GAS SERVICES INC	$2.20B	$26.11	$30.17	15.54%	Strong Buy	6	24.47%	36.12%	7.44%	2.57%
AROC	ARCHROCK INC	$3.01B	$19.23	$22.00	14.40%	Strong Buy	2	6.11%	28.92%	21.79%	7.22%
RES	RPC INC	$1.40B	$6.51	$7.00	7.53%	Hold	1	5.28%	0.71%	21.99%	17.51%
PUMP	PROPETRO HOLDING CORP	$985.83M	$9.21	$12.00	30.29%	Strong Buy	2	2.15%	9.37%	10.51%	6.84%
NCSM	NCS MULTISTAGE HOLDINGS INC	$45.73M	$18.28	N/A	N/A	N/A	N/A	7.16%	N/A	N/A	N/A
AESI	ATLAS ENERGY SOLUTIONS INC	$2.32B	$21.08	$26.60	26.19%	Strong Buy	5	74.09%	17.44%	38.32%	21.05%
MRC	MRC GLOBAL INC	$1.08B	$12.67	$16.50	30.23%	Strong Buy	2	3.65%	11.72%	22.34%	5.76%
SOI	SOLARIS OILFIELD INFRASTRUCTURE INC	$374.19M	$8.50	$10.00	17.65%	Strong Buy	1	-5.06%	-27.94%	16.28%	7.13%
NOV	NOV INC	$7.05B	$17.83	$24.83	39.28%	Buy	6	5.30%	-12.33%	14.97%	8.27%
TDW	TIDEWATER INC	$5.44B	$103.03	$102.33	-0.68%	Strong Buy	3	20.31%	81.07%	61.00%	31.03%
NR	NEWPARK RESOURCES INC	$721.66M	$8.47	$11.00	29.87%	Strong Buy	3	-2.81%	76.65%	8.55%	5.63%
FTI	TECHNIPFMC PLC	$10.62B	$24.65	$30.87	25.24%	Strong Buy	7	9.74%	67.43%	35.81%	11.84%
RNGR	RANGER ENERGY SERVICES INC	$237.07M	$10.36	N/A	N/A	N/A	N/A	-6.49%	-36.76%	10.58%	7.79%
USAC	USA COMPRESSION PARTNERS LP	$2.78B	$23.79	$27.33	14.89%	Hold	3	4.74%	53.61%	101.05%	5.11%
BOOM	DMC GLOBAL INC	$254.17M	$12.72	$24.00	88.68%	Strong Buy	1	-2.90%	-11.82%	7.82%	3.73%
OII	OCEANEERING INTERNATIONAL INC	$2.18B	$21.46	$26.33	22.71%	Hold	3	4.09%	17.88%	20.34%	5.69%
NGS	NATURAL GAS SERVICES GROUP INC	$251.73M	$20.24	$26.00	28.46%	Strong Buy	1	15.93%	N/A	N/A	N/A
SND	SMART SAND INC	$89.41M	$2.10	$3.00	42.86%	Hold	1	-0.99%	-93.18%	3.07%	2.13%
DRQ	DRIL-QUIP INC	$633.34M	$18.40	$30.50	65.76%	Sell	2	10.87%	N/A	3.49%	2.93%
RCON	RECON TECHNOLOGY LTD	$12.89M	$1.37	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CLB	CORE LABORATORIES INC	$861.55M	$18.37	$17.00	-7.46%	Sell	2	6.80%	8.25%	19.19%	7.58%
ACDC	PROFRAC HOLDING CORP	$1.41B	$8.82	$9.75	10.54%	Buy	2	9.83%	N/A	28.33%	11.44%
FTK	FLOTEK INDUSTRIES INC	$160.15M	$5.40	$7.00	29.63%	Strong Buy	1	N/A	N/A	N/A	N/A
SLCA	US SILICA HOLDINGS INC	$1.20B	$15.38	$15.50	0.78%	Hold	1	-0.17%	-11.12%	12.75%	5.36%
EFXT	ENERFLEX LTD	$623.50M	$5.03	N/A	N/A	N/A	N/A	-9.16%	N/A	9.92%	3.47%
VTOL	BRISTOW GROUP INC	$952.59M	$33.55	$39.00	16.24%	Strong Buy	2	N/A	N/A	N/A	N/A
FET	FORUM ENERGY TECHNOLOGIES INC	$220.61M	$17.96	N/A	N/A	N/A	N/A	15.18%	N/A	2.92%	1.27%
XPRO	EXPRO GROUP HOLDINGS NV	$2.35B	$21.30	$26.33	23.63%	Strong Buy	3	7.51%	N/A	9.52%	6.16%
OIS	OIL STATES INTERNATIONAL INC	$268.42M	$4.18	$7.33	75.43%	Buy	3	2.10%	N/A	4.82%	3.29%
HLX	HELIX ENERGY SOLUTIONS GROUP INC	$1.65B	$10.82	$11.00	1.66%	Strong Buy	1	-1.34%	N/A	9.25%	5.19%
DWSN	DAWSON GEOPHYSICAL CO	$58.70M	$1.91	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
KLXE	KLX ENERGY SERVICES HOLDINGS INC	$80.12M	$4.75	$6.50	36.84%	Hold	1	-8.13%	N/A	-180.15%	-6.12%
ENSV	ENSERVCO CORP	$5.06M	$0.18	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NINE	NINE ENERGY SERVICE INC	$55.11M	$1.56	N/A	N/A	N/A	N/A	1.39%	N/A	N/A	-2.41%

Oil & Gas Equipment & Service Stocks FAQ

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

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

1. Weatherford International (NASDAQ:WFRD)

Weatherford International (NASDAQ:WFRD) is the top oil & gas equipment & service stock with a Zen Score of 59, which is 23 points higher than the oil & gas equipment & service industry average of 36. It passed 20 out of 33 due diligence checks and has strong fundamentals. Weatherford International has seen its stock return 81.13% over the past year, overperforming other oil & gas equipment & service stocks by 56 percentage points.

Weatherford International has an average 1 year price target of $157.13, an upside of 37.48% from Weatherford International's current stock price of $114.29.

Weatherford International stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Weatherford International, 87.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. North American Construction Group (NYSE:NOA)

North American Construction Group (NYSE:NOA) is the second best oil & gas equipment & service stock with a Zen Score of 54, which is 18 points higher than the oil & gas equipment & service industry average of 36. It passed 21 out of 38 due diligence checks and has strong fundamentals. North American Construction Group has seen its stock return 10.43% over the past year, underperforming other oil & gas equipment & service stocks by -15 percentage points.

3. Halliburton Co (NYSE:HAL)

Halliburton Co (NYSE:HAL) is the third best oil & gas equipment & service stock with a Zen Score of 54, which is 18 points higher than the oil & gas equipment & service industry average of 36. It passed 20 out of 38 due diligence checks and has strong fundamentals. Halliburton Co has seen its stock return 8.67% over the past year, underperforming other oil & gas equipment & service stocks by -16 percentage points.

Halliburton Co has an average 1 year price target of $48.56, an upside of 40.82% from Halliburton Co's current stock price of $34.48.

Halliburton Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Halliburton Co, 88.89% have issued a Strong Buy rating, 11.11% 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 & gas equipment & service stocks with highest dividends?

Out of 15 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. Usa Compression Partners (NYSE:USAC)

Usa Compression Partners (NYSE:USAC) has an annual dividend yield of 8.83%, which is 7 percentage points higher than the oil & gas equipment & service industry average of 1.97%. 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.

2. Solaris Oilfield Infrastructure (NYSE:SOI)

Solaris Oilfield Infrastructure (NYSE:SOI) has an annual dividend yield of 4.12%, which is 2 percentage points higher than the oil & gas equipment & service industry average of 1.97%. 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 dividend yield is sustainable for the long-term.

3. Archrock (NYSE:AROC)

Archrock (NYSE:AROC) has an annual dividend yield of 3.33%, which is 1 percentage points higher than the oil & gas equipment & service industry average of 1.97%. Archrock's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Archrock's dividend has shown consistent growth over the last 10 years.

Archrock's dividend payout ratio of 75.3% indicates that its dividend yield is sustainable for the long-term.

Why are oil & gas equipment & service stocks down?

Oil & gas equipment & service stocks were down -0.58% in the last day, and up 3.96% over the last week.

We couldn't find a catalyst for why oil & gas equipment & service stocks are down.

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. North American Construction Group (NYSE:NOA)

North American Construction Group (NYSE:NOA) is the most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. North American Construction Group has a valuation score of 71, which is 40 points higher than the oil & gas equipment & service industry average of 31. It passed 5 out of 7 valuation due diligence checks.

North American Construction Group's stock has gained 10.43% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -15 percentage points.

2. Drilling Tools International (NASDAQ:DTI)

Drilling Tools International (NASDAQ:DTI) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Drilling Tools International has a valuation score of 71, which is 40 points higher than the oil & gas equipment & service industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Drilling Tools International's stock has dropped -0.5% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -26 percentage points.

3. Profire Energy (NASDAQ:PFIE)

Profire Energy (NASDAQ:PFIE) is the third most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Profire Energy has a valuation score of 71, which is 40 points higher than the oil & gas equipment & service industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 14.52% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -11 percentage points.

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

58.33% 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 24.43% 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 18.98x.

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.