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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
TNK
TEEKAY TANKERS LTD
NYSE
Oil & Gas Midstream
$2.39B$69.761.57%$610.20M4.87x0.11
CHRD
CHORD ENERGY CORP
NASDAQ
Oil & Gas E&P
$7.60B$182.370.70%$1.87B8.18x0.38
FRO
FRONTLINE PLC
NYSE
Oil & Gas Midstream
$5.96B$26.760.72%$1.06B9.07x1.60
FANG
DIAMONDBACK ENERGY INC
NASDAQ
Oil & Gas E&P
$35.32B$198.05-1.35%$6.11B11.17x0.69
PUMP
PROPETRO HOLDING CORP
NYSE
Oil & Gas Equipment & Services
$1.04B$9.671.47%$297.07M14.01x0.54
SDPI
SUPERIOR DRILLING PRODUCTS INC
NYSEMKT
Oil & Gas Equipment & Services
$37.69M$1.24-0.80%$3.64M4.96x0.62
SM
SM ENERGY CO
NYSE
Oil & Gas E&P
$5.70B$49.521.16%$1.62B7.74x0.73
VLO
VALERO ENERGY CORP
NYSE
Oil & Gas Refining & Marketing
$50.99B$155.930.00%$12.43B7.66x1.30
PARR
PAR PACIFIC HOLDINGS INC
NYSE
Oil & Gas Refining & Marketing
$1.64B$28.36-1.01%$571.03M3.48x1.88
INSW
INTERNATIONAL SEAWAYS INC
NYSE
Oil & Gas Midstream
$3.10B$62.701.65%$727.52M5.82x0.42
TRMD
TORM PLC
NASDAQ
Oil & Gas Midstream
$3.52B$38.223.55%$896.70M4.83x0.70
GPRK
GEOPARK LTD
NYSE
Oil & Gas E&P
$542.21M$9.801.98%$381.26M5.03x4.78
MGY
MAGNOLIA OIL & GAS CORP
NYSE
Oil & Gas E&P
$5.29B$26.091.05%$838.99M12.98x0.54
PTEN
PATTERSON UTI ENERGY INC
NASDAQ
Oil & Gas Drilling
$4.42B$11.000.55%$1.20B17.46x0.52
NFG
NATIONAL FUEL GAS CO
NYSE
Oil & Gas Integrated
$5.19B$56.480.64%$1.20B11.14x1.63
DVN
DEVON ENERGY CORP
NYSE
Oil & Gas E&P
$31.49B$49.83-0.14%$7.10B9.46x1.04
PFIE
PROFIRE ENERGY INC
NASDAQ
Oil & Gas Equipment & Services
$64.53M$1.37-2.14%$11.99M6.85x0.12
BSM
BLACK STONE MINERALS LP
NYSE
Oil & Gas E&P
$3.54B$15.710.51%$401.83M10.01x0.06
SU
SUNCOR ENERGY INC
NYSE
Oil & Gas Integrated
$50.44B$39.19-1.14%$13.47B8.87x1.01
DTI
DRILLING TOOLS INTERNATIONAL CORP
NASDAQ
Oil & Gas Equipment & Services
$158.37M$5.32-2.74%$45.76M7.94x0.49
LPG
DORIAN LPG LTD
NYSE
Oil & Gas Midstream
$1.79B$44.021.69%$435.96M5.82x0.85
RES
RPC INC
NYSE
Oil & Gas Equipment & Services
$1.47B$6.871.63%$313.39M9.81x0.26
CVE
CENOVUS ENERGY INC
NYSE
Oil & Gas Integrated
$37.66B$20.19-1.13%$8.22B11.42x0.85
PBF
PBF ENERGY INC
NYSE
Oil & Gas Refining & Marketing
$5.73B$48.330.77%$3.14B3.19x1.12
PR
PERMIAN RESOURCES CORP
NYSE
Oil & Gas E&P
$12.96B$16.830.42%$2.13B13.05x0.82
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
NYSE
Oil & Gas Equipment & Services
$550.09M$20.580.05%$185.22M14.34x3.32
BKR
BAKER HUGHES CO
NASDAQ
Oil & Gas Equipment & Services
$32.56B$32.630.68%$3.80B17.93x1.40
NVGS
NAVIGATOR HOLDINGS LTD
NYSE
Oil & Gas Midstream
$1.21B$16.510.12%$280.68M14.87x0.82
TNP
TSAKOS ENERGY NAVIGATION LTD
NYSE
Oil & Gas Midstream
$875.73M$29.682.70%$524.12M3.28x1.06
EGY
VAALCO ENERGY INC
NYSE
Oil & Gas E&P
$642.46M$6.212.81%$283.66M10.35x0.71
XOM
EXXON MOBIL CORP
NYSE
Oil & Gas Integrated
$463.97B$117.67-0.20%$69.19B14.42x0.80
WFRD
WEATHERFORD INTERNATIONAL PLC
NASDAQ
Oil & Gas Equipment & Services
$9.10B$124.461.39%$988.00M19.69x3.66
MPC
MARATHON PETROLEUM CORP
NYSE
Oil & Gas Refining & Marketing
$61.49B$174.51-1.88%$14.07B8.59x2.43
MXC
MEXCO ENERGY CORP
NYSEMKT
Oil & Gas E&P
$25.28M$12.052.12%$4.30M12.96x0.07
NOG
NORTHERN OIL & GAS INC
NYSE
Oil & Gas E&P
$4.06B$40.141.31%$1.38B6.30x1.32
HAL
HALLIBURTON CO
NYSE
Oil & Gas Equipment & Services
$33.25B$37.560.59%$4.73B12.95x1.55
DMLP
DORCHESTER MINERALS LP
NASDAQ
Oil & Gas E&P
$1.29B$32.13-0.89%$130.72M12.45x0.03
NCSM
NCS MULTISTAGE HOLDINGS INC
NASDAQ
Oil & Gas Equipment & Services
$45.42M$18.152.95%$20.46M3.21x0.31
E
ENI SPA
NYSE
Oil & Gas Integrated
$55.18B$32.69-0.12%$19.66B10.67x1.67
COP
CONOCOPHILLIPS
NYSE
Oil & Gas E&P
$141.56B$121.04-0.45%$24.87B13.68x0.93
TK
TEEKAY CORP
NYSE
Oil & Gas Midstream
$798.12M$8.772.21%$281.65M5.22x0.29
TRP
TC ENERGY CORP
NYSE
Oil & Gas Midstream
$40.17B$38.720.23%$7.15B20.39x2.94
WKC
WORLD KINECT CORP
NYSE
Oil & Gas Refining & Marketing
$1.52B$25.371.56%$338.90M26.43x2.67
VAL
VALARIS LTD
NYSE
Oil & Gas Equipment & Services
$5.48B$75.672.22%$286.40M6.63x1.15
VTLE
VITAL ENERGY INC
NYSE
Oil & Gas E&P
$1.81B$49.372.07%$1.02B1.93x1.02
MRC
MRC GLOBAL INC
NYSE
Oil & Gas Equipment & Services
$1.19B$13.930.58%$206.00M15.83x2.88
DHT
DHT HOLDINGS INC
NYSE
Oil & Gas Midstream
$1.97B$12.220.58%$303.97M12.34x0.45
DNOW
DNOW INC
NYSE
Oil & Gas Equipment & Services
$1.46B$13.71-0.51%$159.00M6.29x0.48
APA
APA CORP
NASDAQ
Oil & Gas E&P
$11.20B$30.17-0.10%$4.13B3.38x4.33
TRGP
TARGA RESOURCES CORP
NYSE
Oil & Gas Midstream
$25.37B$114.431.35%$3.55B23.40x6.02
HES
HESS CORP
NYSE
Oil & Gas E&P
$48.83B$158.48-0.71%$5.49B24.16x1.44
EQT
EQT CORP
NYSE
Oil & Gas E&P
$17.98B$40.712.31%$2.73B27.32x0.68
FLNG
FLEX LNG LTD
NYSE
Oil & Gas Midstream
$1.55B$28.780.35%$302.20M12.85x2.20
CVX
CHEVRON CORP
NYSE
Oil & Gas Integrated
$302.19B$163.61-0.56%$46.29B14.98x0.62
GEOS
GEOSPACE TECHNOLOGIES CORP
NASDAQ
Oil & Gas Equipment & Services
$135.09M$10.110.70%$31.98M8.22x0.11
WHD
CACTUS INC
NYSE
Oil & Gas Equipment & Services
$4.07B$51.181.07%$298.73M20.15x0.53
SUN
SUNOCO LP
NYSE
Oil & Gas Refining & Marketing
$5.42B$53.721.74%$928.00M11.75x5.59
LBRT
LIBERTY ENERGY INC
NYSE
Oil & Gas Equipment & Services
$3.90B$23.403.82%$1.10B8.33x0.64
LNG
CHENIERE ENERGY INC
NYSE
Oil & Gas Midstream
$36.04B$157.421.73%$9.20B7.59x8.14
PBR
PETROBRAS - PETROLEO BRASILEIRO
NYSE
Oil & Gas Integrated
$107.99B$16.69-2.05%$52.49B4.37x1.76
CHX
CHAMPIONX CORP
NASDAQ
Oil & Gas Equipment & Services
$6.53B$34.38-0.12%$761.50M18.29x0.95
CVI
CVR ENERGY INC
NYSE
Oil & Gas Refining & Marketing
$2.90B$28.891.19%$1.18B4.43x3.44
EURN
EURONAV NV
NYSE
Oil & Gas Midstream
$3.93B$20.172.59%$1.56B3.45x0.93
CNQ
CANADIAN NATURAL RESOURCES LTD
NYSE
Oil & Gas E&P
$81.18B$75.87-0.71%$11.91B15.33x0.92
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
NYSE
Oil & Gas Equipment & Services
$405.89M$9.222.90%$69.62M13.56x0.74
REPX
RILEY EXPLORATION PERMIAN INC
NYSEMKT
Oil & Gas E&P
$561.43M$26.06-1.85%$243.72M5.23x1.20
BP
BP PLC
NYSE
Oil & Gas Integrated
$107.04B$37.96-0.37%$36.46B11.50x2.73
CHK
CHESAPEAKE ENERGY CORP
NASDAQ
Oil & Gas E&P
$11.90B$90.812.74%$2.98B11.34x0.31
EPD
ENTERPRISE PRODUCTS PARTNERS LP
NYSE
Oil & Gas Midstream
$62.87B$28.950.63%$9.05B11.40x1.55
WES
WESTERN MIDSTREAM PARTNERS LP
NYSE
Oil & Gas Midstream
$14.42B$37.902.10%$2.37B10.65x2.75
KNTK
KINETIK HOLDINGS INC
NYSE
Oil & Gas Midstream
$6.21B$40.391.58%$657.77M7.47x-3.90
MUR
MURPHY OIL CORP
NYSE
Oil & Gas E&P
$6.70B$43.930.05%$1.71B12.14x0.79
PDS
PRECISION DRILLING CORP
NYSE
Oil & Gas Drilling
$1.02B$71.280.30%$423.35M5.95x0.83
SLB
SCHLUMBERGER LIMITED
NYSE
Oil & Gas Equipment & Services
$69.49B$48.62-0.27%$8.23B15.94x1.25
TPL
TEXAS PACIFIC LAND CORP
NYSE
Oil & Gas E&P
$13.97B$607.680.40%$568.40M32.29x0.12
VNOM
VIPER ENERGY INC
NASDAQ
Oil & Gas Midstream
$6.55B$37.05-0.54%$479.43M13.62x1.06
TTE
TOTALENERGIES SE
NYSE
Oil & Gas Integrated
$176.56B$73.97-0.12%$50.21B8.29x1.37
MPLX
MPLX LP
NYSE
Oil & Gas Midstream
$41.11B$40.45-1.80%$5.91B10.43x1.78
DINO
HF SINCLAIR CORP
NYSE
Oil & Gas Refining & Marketing
$10.93B$56.901.23%$2.96B6.99x0.75
PHX
PHX MINERALS INC
NYSE
Oil & Gas E&P
$119.12M$3.18-0.63%$17.45M28.91x0.34
ET
ENERGY TRANSFER LP
NYSE
Oil & Gas Midstream
$53.48B$15.870.32%$11.65B14.56x2.00
HP
HELMERICH & PAYNE INC
NYSE
Oil & Gas Drilling
$3.85B$39.030.77%$896.21M11.12x0.58
NE
NOBLE CORP PLC
NYSE
Oil & Gas Drilling
$6.78B$47.461.19%$883.16M14.17x0.39
REI
RING ENERGY INC
NYSEMKT
Oil & Gas E&P
$354.31M$1.791.13%$213.65M4.48x0.75
VIST
VISTA ENERGY SAB DE CV
NYSE
Oil & Gas E&P
$4.52B$46.553.44%$756.48M12.76x1.14
EQNR
EQUINOR ASA
NYSE
Oil & Gas Integrated
$84.57B$28.720.17%$50.16B7.31x1.96
SGU
STAR GROUP LP
NYSE
Oil & Gas Refining & Marketing
$376.26M$10.680.28%$102.40M13.52x1.84
MTDR
MATADOR RESOURCES CO
NYSE
Oil & Gas E&P
$7.92B$63.480.97%$2.02B8.65x0.81
EOG
EOG RESOURCES INC
NYSE
Oil & Gas E&P
$74.38B$129.430.02%$13.30B10.18x0.56
MRO
MARATHON OIL CORP
NYSE
Oil & Gas E&P
$14.99B$26.570.04%$4.32B10.98x0.77
NOV
NOV INC
NYSE
Oil & Gas Equipment & Services
$7.48B$18.900.75%$1.04B7.56x0.80
PAA
PLAINS ALL AMERICAN PIPELINE LP
NASDAQ
Oil & Gas Midstream
$12.23B$17.450.58%$2.59B14.91x1.33
NGS
NATURAL GAS SERVICES GROUP INC
NYSE
Oil & Gas Equipment & Services
$279.21M$22.45-0.31%$37.25M57.56x1.03
RNGR
RANGER ENERGY SERVICES INC
NYSE
Oil & Gas Equipment & Services
$239.82M$10.482.34%$65.90M15.41x0.36
MARPS
MARINE PETROLEUM TRUST
NASDAQ
Oil & Gas Midstream
$9.00M$4.506.89%N/A11.25x0.00
STNG
SCORPIO TANKERS INC
NYSE
Oil & Gas Midstream
$3.97B$79.570.43%$944.98M7.06x0.53
SBOW
SILVERBOW RESOURCES INC
NYSE
Oil & Gas E&P
$831.28M$32.550.37%$606.32M4.11x1.29
DLNG
DYNAGAS LNG PARTNERS LP
NYSE
Oil & Gas Midstream
$147.21M$4.001.01%$107.24M6.06x1.03
PBA
PEMBINA PIPELINE CORP
NYSE
Oil & Gas Midstream
$20.37B$37.080.57%$2.36B16.23x1.09
SLCA
US SILICA HOLDINGS INC
NYSE
Oil & Gas Equipment & Services
$1.21B$15.53-0.06%$391.40M10.28x1.37

Energy Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
10+1.11%+0.76%-1.10%+15.50%8.59x1.01x+5.81%+4.48%+7.79%+37.80%Buy
81+0.60%+0.42%-0.42%+24.82%13.90x2.04x+19.86%+9.79%+15.11%+17.76%Buy
50+1.69%+1.34%+2.84%+33.98%20.38x2.68x+19.99%+8.09%+14.54%+19.18%Strong Buy
17-0.18%+0.80%+2.80%+17.89%11.96x1.66x+16.12%+7.50%+15.81%+16.62%Buy
46+1.23%+3.14%+6.94%+30.62%15.04x2.39x+24.30%+7.22%+11.00%+8.72%Buy
21+0.10%-1.74%-8.62%+24.64%8.64x2.12x+26.00%+8.17%+15.84%+18.05%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. Teekay Tankers (NYSE:TNK)


Teekay Tankers (NYSE:TNK) is the top energy stock with a Zen Score of 62, which is 29 points higher than the energy sector average of 33. It passed 23 out of 38 due diligence checks and has strong fundamentals. Teekay Tankers has seen its stock return 70.1% over the past year, overperforming other energy stocks by 44 percentage points.

Teekay Tankers has an average 1 year price target of $76.00, an upside of 8.94% from Teekay Tankers's current stock price of $69.76.

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.

2. Chord Energy (NASDAQ:CHRD)


Chord Energy (NASDAQ:CHRD) is the second best 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 28.87% over the past year, overperforming other energy stocks by 3 percentage points.

Chord Energy has an average 1 year price target of $211.50, an upside of 15.97% from Chord Energy's current stock price of $182.37.

Chord Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Chord Energy, 83.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Frontline (NYSE:FRO)


Frontline (NYSE:FRO) is the third 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 80.45% over the past year, overperforming other energy stocks by 55 percentage points.

Frontline has an average 1 year price target of $26.10, a downside of -2.47% from Frontline's current stock price of $26.76.

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.

What are the energy stocks with highest dividends?

Out of 115 energy stocks that have issued dividends in the past year, the 3 energy stocks with the highest dividend yields are:

1. 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 4.5%.

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

2. Sandridge Energy (NYSE:SD)


Sandridge Energy (NYSE:SD) has an annual dividend yield of 27.23%, which is 23 percentage points higher than the energy sector average of 4.5%.

Sandridge Energy's dividend payout ratio of 290.8% indicates that its high dividend yield might not be sustainable for the long-term.

3. Icahn Enterprises (NASDAQ:IEP)


Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 26.9%, which is 22 percentage points higher than the energy sector average of 4.5%. 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 0.75% in the last day, and up 0.86% over the last week. Dawson Geophysical Co was the among the top gainers in the energy sector, gaining 12.07% yesterday.

Dawson Geophysical shares are trading higher after the company reported a year-over-year increase in Q1 financial results.

What are the most undervalued energy stocks?

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

1. Chesapeake Energy (NASDAQ:CHK)


Chesapeake Energy (NASDAQ:CHK) is the 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 10.73% in the past year. It has underperformed other stocks in the energy sector by -15 percentage points.

2. Chord Energy (NASDAQ:CHRD)


Chord Energy (NASDAQ:CHRD) is the second 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 28.87% in the past year. It has overperformed other stocks in the energy sector by 3 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 31.2% in the past year. It has overperformed other stocks in the energy sector by 5 percentage points.

Are energy stocks a good buy now?

50.63% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 17.06% 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 13.2x.
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.