Sectors & IndustriesEnergy
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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
TNK	TEEKAY TANKERS LTD	NYSE	Oil & Gas Midstream	$2.39B	$69.76	1.57%	$610.20M	4.87x	0.11
CHRD	CHORD ENERGY CORP	NASDAQ	Oil & Gas E&P	$7.60B	$182.37	0.70%	$1.87B	8.18x	0.38
FRO	FRONTLINE PLC	NYSE	Oil & Gas Midstream	$5.96B	$26.76	0.72%	$1.06B	9.07x	1.60
PUMP	PROPETRO HOLDING CORP	NYSE	Oil & Gas Equipment & Services	$1.04B	$9.67	1.47%	$297.07M	14.01x	0.54
FANG	DIAMONDBACK ENERGY INC	NASDAQ	Oil & Gas E&P	$35.32B	$198.05	-1.35%	$6.11B	11.17x	0.69
VLO	VALERO ENERGY CORP	NYSE	Oil & Gas Refining & Marketing	$50.99B	$155.93	0.00%	$12.43B	7.66x	1.30
IMPP	IMPERIAL PETROLEUM INC/MARSHALL ISLANDS	NASDAQ	Oil & Gas E&P	$108.52M	$3.64	-0.55%	$88.65M	1.13x	0.04
SDPI	SUPERIOR DRILLING PRODUCTS INC	NYSEMKT	Oil & Gas Equipment & Services	$37.69M	$1.24	-0.80%	$3.64M	4.96x	0.62
SM	SM ENERGY CO	NYSE	Oil & Gas E&P	$5.70B	$49.52	1.16%	$1.62B	7.74x	0.73
GPRK	GEOPARK LTD	NYSE	Oil & Gas E&P	$542.21M	$9.80	1.98%	$381.26M	5.03x	4.78
PARR	PAR PACIFIC HOLDINGS INC	NYSE	Oil & Gas Refining & Marketing	$1.64B	$28.36	-1.01%	$571.03M	3.48x	1.88
TRMD	TORM PLC	NASDAQ	Oil & Gas Midstream	$3.52B	$38.22	3.55%	$896.70M	4.83x	0.70
MGY	MAGNOLIA OIL & GAS CORP	NYSE	Oil & Gas E&P	$5.29B	$26.09	1.05%	$838.99M	12.98x	0.54
PTEN	PATTERSON UTI ENERGY INC	NASDAQ	Oil & Gas Drilling	$4.42B	$11.00	0.55%	$1.20B	17.46x	0.52
DVN	DEVON ENERGY CORP	NYSE	Oil & Gas E&P	$31.49B	$49.83	-0.14%	$7.10B	9.46x	1.04
NFG	NATIONAL FUEL GAS CO	NYSE	Oil & Gas Integrated	$5.19B	$56.48	0.64%	$1.20B	11.14x	1.63
PFIE	PROFIRE ENERGY INC	NASDAQ	Oil & Gas Equipment & Services	$64.53M	$1.37	-2.14%	$11.99M	6.85x	0.12
BSM	BLACK STONE MINERALS LP	NYSE	Oil & Gas E&P	$3.54B	$15.71	0.51%	$401.83M	10.01x	0.06
SU	SUNCOR ENERGY INC	NYSE	Oil & Gas Integrated	$50.44B	$39.19	-1.14%	$13.47B	8.87x	1.01
LPG	DORIAN LPG LTD	NYSE	Oil & Gas Midstream	$1.79B	$44.02	1.69%	$435.96M	5.82x	0.85
CVE	CENOVUS ENERGY INC	NYSE	Oil & Gas Integrated	$37.66B	$20.19	-1.13%	$8.22B	11.42x	0.85
RES	RPC INC	NYSE	Oil & Gas Equipment & Services	$1.47B	$6.87	1.63%	$313.39M	9.81x	0.26
TH	TARGET HOSPITALITY CORP	NASDAQ	Oil & Gas Equipment & Services	$1.17B	$11.64	0.69%	$312.13M	7.86x	0.83
NOA	NORTH AMERICAN CONSTRUCTION GROUP LTD	NYSE	Oil & Gas Equipment & Services	$550.09M	$20.58	0.05%	$185.22M	14.34x	3.32
PR	PERMIAN RESOURCES CORP	NYSE	Oil & Gas E&P	$12.96B	$16.83	0.42%	$2.13B	13.05x	0.82
PBF	PBF ENERGY INC	NYSE	Oil & Gas Refining & Marketing	$5.73B	$48.33	0.77%	$3.14B	3.19x	1.12
BKR	BAKER HUGHES CO	NASDAQ	Oil & Gas Equipment & Services	$32.56B	$32.63	0.68%	$3.80B	17.93x	1.40
NVGS	NAVIGATOR HOLDINGS LTD	NYSE	Oil & Gas Midstream	$1.21B	$16.51	0.12%	$280.68M	14.87x	0.82
TNP	TSAKOS ENERGY NAVIGATION LTD	NYSE	Oil & Gas Midstream	$875.73M	$29.68	2.70%	$524.12M	3.28x	1.06
XOM	EXXON MOBIL CORP	NYSE	Oil & Gas Integrated	$463.97B	$117.67	-0.20%	$69.19B	14.42x	0.80
WFRD	WEATHERFORD INTERNATIONAL PLC	NASDAQ	Oil & Gas Equipment & Services	$9.10B	$124.46	1.39%	$988.00M	19.69x	3.66
EGY	VAALCO ENERGY INC	NYSE	Oil & Gas E&P	$642.46M	$6.21	2.81%	$283.66M	10.35x	0.71
MPC	MARATHON PETROLEUM CORP	NYSE	Oil & Gas Refining & Marketing	$61.49B	$174.51	-1.88%	$14.07B	8.59x	2.43
NOG	NORTHERN OIL & GAS INC	NYSE	Oil & Gas E&P	$4.06B	$40.14	1.31%	$1.38B	6.30x	1.32
HAL	HALLIBURTON CO	NYSE	Oil & Gas Equipment & Services	$33.25B	$37.56	0.59%	$4.73B	12.95x	1.55
MXC	MEXCO ENERGY CORP	NYSEMKT	Oil & Gas E&P	$25.28M	$12.05	2.12%	$4.30M	12.96x	0.07
DMLP	DORCHESTER MINERALS LP	NASDAQ	Oil & Gas E&P	$1.29B	$32.13	-0.89%	$130.72M	12.45x	0.03
COP	CONOCOPHILLIPS	NYSE	Oil & Gas E&P	$141.56B	$121.04	-0.45%	$24.87B	13.68x	0.93
E	ENI SPA	NYSE	Oil & Gas Integrated	$55.18B	$32.69	-0.12%	$19.66B	10.67x	1.67
NCSM	NCS MULTISTAGE HOLDINGS INC	NASDAQ	Oil & Gas Equipment & Services	$45.42M	$18.15	2.95%	$20.46M	3.21x	0.31
TK	TEEKAY CORP	NYSE	Oil & Gas Midstream	$798.12M	$8.77	2.21%	$281.65M	5.22x	0.29
TRP	TC ENERGY CORP	NYSE	Oil & Gas Midstream	$40.17B	$38.72	0.23%	$7.15B	20.39x	2.94
REX	REX AMERICAN RESOURCES CORP	NYSE	Oil & Gas Refining & Marketing	$1.02B	$58.16	0.45%	$106.53M	16.66x	0.15
DHT	DHT HOLDINGS INC	NYSE	Oil & Gas Midstream	$1.97B	$12.22	0.58%	$303.97M	12.34x	0.45
WKC	WORLD KINECT CORP	NYSE	Oil & Gas Refining & Marketing	$1.52B	$25.37	1.56%	$338.90M	26.43x	2.67
VAL	VALARIS LTD	NYSE	Oil & Gas Equipment & Services	$5.48B	$75.67	2.22%	$286.40M	6.63x	1.15
VTLE	VITAL ENERGY INC	NYSE	Oil & Gas E&P	$1.81B	$49.37	2.07%	$1.02B	1.93x	1.02
MRC	MRC GLOBAL INC	NYSE	Oil & Gas Equipment & Services	$1.19B	$13.93	0.58%	$206.00M	15.83x	2.88
DNOW	DNOW INC	NYSE	Oil & Gas Equipment & Services	$1.46B	$13.71	-0.51%	$159.00M	6.29x	0.48
FLNG	FLEX LNG LTD	NYSE	Oil & Gas Midstream	$1.55B	$28.78	0.35%	$302.20M	12.85x	2.20
TRGP	TARGA RESOURCES CORP	NYSE	Oil & Gas Midstream	$25.37B	$114.43	1.35%	$3.55B	23.40x	6.02
APA	APA CORP	NASDAQ	Oil & Gas E&P	$11.20B	$30.17	-0.10%	$4.13B	3.38x	4.33
EQT	EQT CORP	NYSE	Oil & Gas E&P	$17.98B	$40.71	2.31%	$2.73B	27.32x	0.68
WHD	CACTUS INC	NYSE	Oil & Gas Equipment & Services	$4.07B	$51.18	1.07%	$298.73M	20.15x	0.53
CVX	CHEVRON CORP	NYSE	Oil & Gas Integrated	$302.19B	$163.61	-0.56%	$46.29B	14.98x	0.62
GEOS	GEOSPACE TECHNOLOGIES CORP	NASDAQ	Oil & Gas Equipment & Services	$135.09M	$10.11	0.70%	$31.98M	8.22x	0.11
HES	HESS CORP	NYSE	Oil & Gas E&P	$48.83B	$158.48	-0.71%	$5.49B	24.16x	1.44
CVI	CVR ENERGY INC	NYSE	Oil & Gas Refining & Marketing	$2.90B	$28.89	1.19%	$1.18B	4.43x	3.44
LBRT	LIBERTY ENERGY INC	NYSE	Oil & Gas Equipment & Services	$3.90B	$23.40	3.82%	$1.10B	8.33x	0.64
SUN	SUNOCO LP	NYSE	Oil & Gas Refining & Marketing	$5.42B	$53.72	1.74%	$928.00M	11.75x	5.59
LNG	CHENIERE ENERGY INC	NYSE	Oil & Gas Midstream	$36.04B	$157.42	1.73%	$9.20B	7.59x	8.14
CHX	CHAMPIONX CORP	NASDAQ	Oil & Gas Equipment & Services	$6.53B	$34.38	-0.12%	$761.50M	18.29x	0.95
PBR	PETROBRAS - PETROLEO BRASILEIRO	NYSE	Oil & Gas Integrated	$107.99B	$16.69	-2.05%	$52.49B	4.37x	1.76
EURN	EURONAV NV	NYSE	Oil & Gas Midstream	$3.93B	$20.17	2.59%	$1.56B	3.45x	0.93
CNQ	CANADIAN NATURAL RESOURCES LTD	NYSE	Oil & Gas E&P	$81.18B	$75.87	-0.71%	$11.91B	15.33x	0.92
SOI	SOLARIS OILFIELD INFRASTRUCTURE INC	NYSE	Oil & Gas Equipment & Services	$405.89M	$9.22	2.90%	$69.62M	13.56x	0.74
BP	BP PLC	NYSE	Oil & Gas Integrated	$107.04B	$37.96	-0.37%	$36.46B	11.50x	2.73
REPX	RILEY EXPLORATION PERMIAN INC	NYSEMKT	Oil & Gas E&P	$561.43M	$26.06	-1.85%	$243.72M	5.23x	1.20
CHK	CHESAPEAKE ENERGY CORP	NASDAQ	Oil & Gas E&P	$11.90B	$90.81	2.74%	$2.98B	11.34x	0.31
EPD	ENTERPRISE PRODUCTS PARTNERS LP	NYSE	Oil & Gas Midstream	$62.87B	$28.95	0.63%	$9.05B	11.40x	1.55
WES	WESTERN MIDSTREAM PARTNERS LP	NYSE	Oil & Gas Midstream	$14.42B	$37.90	2.10%	$2.37B	10.65x	2.75
MUR	MURPHY OIL CORP	NYSE	Oil & Gas E&P	$6.70B	$43.93	0.05%	$1.71B	12.14x	0.79
VNOM	VIPER ENERGY INC	NASDAQ	Oil & Gas Midstream	$6.55B	$37.05	-0.54%	$479.43M	13.62x	1.06
PDS	PRECISION DRILLING CORP	NYSE	Oil & Gas Drilling	$1.02B	$71.28	0.30%	$423.35M	5.95x	0.83
TPL	TEXAS PACIFIC LAND CORP	NYSE	Oil & Gas E&P	$13.97B	$607.68	0.40%	$568.40M	32.29x	0.12
SLB	SCHLUMBERGER LIMITED	NYSE	Oil & Gas Equipment & Services	$69.49B	$48.62	-0.27%	$8.23B	15.94x	1.25
KNTK	KINETIK HOLDINGS INC	NYSE	Oil & Gas Midstream	$6.21B	$40.39	1.58%	$657.77M	7.47x	-3.90
TTE	TOTALENERGIES SE	NYSE	Oil & Gas Integrated	$176.56B	$73.97	-0.12%	$50.21B	8.29x	1.37
MPLX	MPLX LP	NYSE	Oil & Gas Midstream	$41.11B	$40.45	-1.80%	$5.91B	10.43x	1.78
PHX	PHX MINERALS INC	NYSE	Oil & Gas E&P	$119.12M	$3.18	-0.63%	$17.45M	28.91x	0.34
DINO	HF SINCLAIR CORP	NYSE	Oil & Gas Refining & Marketing	$10.93B	$56.90	1.23%	$2.96B	6.99x	0.75
HP	HELMERICH & PAYNE INC	NYSE	Oil & Gas Drilling	$3.85B	$39.03	0.77%	$896.21M	11.12x	0.58
ET	ENERGY TRANSFER LP	NYSE	Oil & Gas Midstream	$53.48B	$15.87	0.32%	$11.65B	14.56x	2.00
NE	NOBLE CORP PLC	NYSE	Oil & Gas Drilling	$6.78B	$47.46	1.19%	$883.16M	14.17x	0.39
REI	RING ENERGY INC	NYSEMKT	Oil & Gas E&P	$354.31M	$1.79	1.13%	$213.65M	4.48x	0.75
VIST	VISTA ENERGY SAB DE CV	NYSE	Oil & Gas E&P	$4.52B	$46.55	3.44%	$756.48M	12.76x	1.14
EQNR	EQUINOR ASA	NYSE	Oil & Gas Integrated	$84.57B	$28.72	0.17%	$50.16B	7.31x	1.96
MTDR	MATADOR RESOURCES CO	NYSE	Oil & Gas E&P	$7.92B	$63.48	0.97%	$2.02B	8.65x	0.81
SGU	STAR GROUP LP	NYSE	Oil & Gas Midstream	$376.26M	$10.68	0.28%	$102.40M	13.52x	1.84
NOV	NOV INC	NYSE	Oil & Gas Equipment & Services	$7.48B	$18.90	0.75%	$1.04B	7.56x	0.80
MRO	MARATHON OIL CORP	NYSE	Oil & Gas E&P	$14.99B	$26.57	0.04%	$4.32B	10.98x	0.77
EOG	EOG RESOURCES INC	NYSE	Oil & Gas E&P	$74.38B	$129.43	0.02%	$13.30B	10.18x	0.56
NGS	NATURAL GAS SERVICES GROUP INC	NYSE	Oil & Gas Equipment & Services	$279.21M	$22.45	-0.31%	$37.25M	57.56x	1.03
PAA	PLAINS ALL AMERICAN PIPELINE LP	NASDAQ	Oil & Gas Midstream	$12.23B	$17.45	0.58%	$2.59B	14.91x	1.33
RNGR	RANGER ENERGY SERVICES INC	NYSE	Oil & Gas Equipment & Services	$239.82M	$10.48	2.34%	$65.90M	15.41x	0.36
MARPS	MARINE PETROLEUM TRUST	NASDAQ	Oil & Gas Equipment & Services	$9.00M	$4.50	6.89%	N/A	11.25x	0.00
CTRA	COTERRA ENERGY INC	NYSE	Oil & Gas E&P	$20.96B	$28.16	0.68%	$3.47B	16.28x	0.60
PBA	PEMBINA PIPELINE CORP	NYSE	Oil & Gas Midstream	$20.37B	$37.08	0.57%	$2.36B	16.23x	1.09
SLCA	US SILICA HOLDINGS INC	NYSE	Oil & Gas Equipment & Services	$1.21B	$15.53	-0.06%	$391.40M	10.28x	1.37
SBOW	SILVERBOW RESOURCES INC	NYSE	Oil & Gas E&P	$831.28M	$32.55	0.37%	$606.32M	4.11x	1.29

Energy Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Oil & Gas Drilling	10	+1.11%	+0.76%	-1.10%	+15.50%	8.59x	1.01x	+5.81%	+4.48%	+7.79%	+37.80%	Buy
Oil & Gas E&P	81	+0.60%	+0.42%	-0.42%	+24.82%	13.90x	2.04x	+19.86%	+9.79%	+15.11%	+17.76%	Buy
Oil & Gas Equipment & Services	50	+1.69%	+1.34%	+2.84%	+33.98%	20.38x	2.68x	+19.99%	+8.09%	+14.54%	+19.18%	Strong Buy
Oil & Gas Integrated	17	-0.18%	+0.80%	+2.80%	+17.89%	11.96x	1.66x	+16.12%	+7.50%	+15.81%	+16.62%	Buy
Oil & Gas Midstream	46	+1.23%	+3.14%	+6.94%	+30.62%	15.04x	2.39x	+24.30%	+7.22%	+11.00%	+8.72%	Buy
Oil & Gas Refining & Marketing	21	+0.10%	-1.74%	-8.62%	+24.64%	8.64x	2.12x	+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. Ecopetrol Sa (NYSE:EC)

Ecopetrol Sa (NYSE:EC) has an annual dividend yield of 20.31%, which is 16 percentage points higher than the energy sector average of 4.5%. Ecopetrol Sa's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Ecopetrol Sa's dividend has not shown consistent growth over the last 10 years.

Ecopetrol Sa's dividend payout ratio of 125.1% 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. 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 28.87% in the past year. It has overperformed other stocks in the energy sector by 3 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 10.73% in the past year. It has underperformed other stocks in the energy sector by -15 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.