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Sectors & IndustriesEnergyOil & Gas E&P
Best Oil and Gas Stocks to Buy Now (2024)
Top oil and gas stocks in 2024 ranked by overall Zen Score. See the best oil and gas stocks to buy now, according to analyst forecasts for the oil & gas e&p industry.

Industry: Oil & Gas E&P
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
CHRD
CHORD ENERGY CORP
NASDAQ
Oil & Gas E&P
$7.51B$181.12-1.63%$1.97B7.37x0.36
GPRK
GEOPARK LTD
NYSE
Oil & Gas E&P
$535.02M$9.67-0.31%$381.26M4.96x4.78
MGY
MAGNOLIA OIL & GAS CORP
NYSE
Oil & Gas E&P
$5.27B$25.82-0.69%$820.33M12.66x0.52
SWN
SOUTHWESTERN ENERGY CO
NYSE
Oil & Gas E&P
$8.01B$7.270.00%$2.86B5.16x1.04
SM
SM ENERGY CO
NYSE
Oil & Gas E&P
$5.71B$49.29-1.99%$1.70B7.15x0.76
VIST
VISTA ENERGY SAB DE CV
NYSE
Oil & Gas E&P
$3.94B$41.31-2.06%$843.67M9.75x1.08
FANG
DIAMONDBACK ENERGY INC
NASDAQ
Oil & Gas E&P
$35.89B$201.15-1.37%$5.98B11.60x0.70
SBOW
SILVERBOW RESOURCES INC
NYSE
Oil & Gas E&P
$763.14M$30.01-5.75%$680.56M2.36x1.30
GPOR
GULFPORT ENERGY CORP
NYSE
Oil & Gas E&P
$2.80B$153.68-0.14%$1.32B2.29x0.49
RRC
RANGE RESOURCES CORP
NYSE
Oil & Gas E&P
$8.41B$34.72-0.66%$1.57B9.62x0.91
BSM
BLACK STONE MINERALS LP
NYSE
Oil & Gas E&P
$3.54B$15.721.22%$472.03M8.23x0.05
VTLE
VITAL ENERGY INC
NYSE
Oil & Gas E&P
$1.97B$53.66-2.47%$1.12B1.56x0.85
DVN
DEVON ENERGY CORP
NYSE
Oil & Gas E&P
$32.81B$51.67-0.98%$7.45B8.82x1.02
HES
HESS CORP
NYSE
Oil & Gas E&P
$46.32B$150.800.36%$4.64B33.36x1.60
DMLP
DORCHESTER MINERALS LP
NASDAQ
Oil & Gas E&P
$1.33B$33.65-0.03%$140.62M11.81x0.03
PR
PERMIAN RESOURCES CORP
NYSE
Oil & Gas E&P
$13.54B$17.54-0.40%$1.82B12.90x0.91
TPL
TEXAS PACIFIC LAND CORP
NYSE
Oil & Gas E&P
$13.46B$584.96-0.34%$532.32M33.23x0.11
PXD
PIONEER NATURAL RESOURCES CO
NYSE
Oil & Gas E&P
$62.56B$267.790.20%$9.26B12.82x0.58
PHX
PHX MINERALS INC
NYSE
Oil & Gas E&P
$119.05M$3.18-1.55%$29.58M8.15x0.35
NOG
NORTHERN OIL & GAS INC
NYSE
Oil & Gas E&P
$4.28B$42.45-0.72%$1.62B4.21x1.19
CNQ
CANADIAN NATURAL RESOURCES LTD
NYSE
Oil & Gas E&P
$82.81B$77.22-0.22%$12.66B13.93x0.91
MUR
MURPHY OIL CORP
NYSE
Oil & Gas E&P
$6.92B$45.28-1.46%$1.83B10.63x0.79
REPX
RILEY EXPLORATION PERMIAN INC
NYSEMKT
Oil & Gas E&P
$576.71M$28.27-1.22%$242.92M4.99x1.24
EOG
EOG RESOURCES INC
NYSE
Oil & Gas E&P
$76.79B$132.40-0.42%$13.33B10.13x0.56
MXC
MEXCO ENERGY CORP
NYSEMKT
Oil & Gas E&P
$26.73M$12.74-17.22%$4.30M13.70x0.07
EGY
VAALCO ENERGY INC
NYSE
Oil & Gas E&P
$695.04M$6.73-1.17%$271.89M12.02x0.72
COP
CONOCOPHILLIPS
NYSE
Oil & Gas E&P
$150.97B$128.33-0.93%$25.34B14.13x0.95
MTDR
MATADOR RESOURCES CO
NYSE
Oil & Gas E&P
$7.85B$65.65-1.96%$1.87B9.25x0.92
MRO
MARATHON OIL CORP
NYSE
Oil & Gas E&P
$15.98B$27.68-2.36%$4.47B10.81x0.75
CIVI
CIVITAS RESOURCES INC
NYSE
Oil & Gas E&P
$7.37B$72.91-1.43%$2.35B8.02x1.28
AMPY
AMPLIFY ENERGY CORP
NYSE
Oil & Gas E&P
$268.79M$6.81-4.35%$189.49M0.71x0.89
CTRA
COTERRA ENERGY INC
NYSE
Oil & Gas E&P
$20.47B$27.220.11%$3.84B12.72x0.57
APA
APA CORP
NASDAQ
Oil & Gas E&P
$9.74B$32.26-0.74%$4.38B3.48x4.35
EQT
EQT CORP
NYSE
Oil & Gas E&P
$15.87B$36.04-0.44%$4.07B7.90x0.71
CRK
COMSTOCK RESOURCES INC
NYSE
Oil & Gas E&P
$2.56B$9.190.77%$1.02B12.09x1.64
EPSN
EPSILON ENERGY LTD
NASDAQ
Oil & Gas E&P
$115.48M$5.27-2.41%$17.91M17.00x0.23
CNX
CNX RESOURCES CORP
NYSE
Oil & Gas E&P
$3.62B$23.850.08%$2.80B2.25x0.98
PNRG
PRIMEENERGY RESOURCES CORP
NASDAQ
Oil & Gas E&P
$183.02M$102.232.83%$65.73M6.73x0.79
WTI
W&T OFFSHORE INC
NYSE
Oil & Gas E&P
$353.93M$2.41-3.60%$222.33M21.91x34.71
CRC
CALIFORNIA RESOURCES CORP
NYSE
Oil & Gas E&P
$3.73B$53.81-2.39%$1.03B6.64x0.80
CHK
CHESAPEAKE ENERGY CORP
NASDAQ
Oil & Gas E&P
$11.40B$87.15-0.14%$4.75B4.79x0.34
KRP
KIMBELL ROYALTY PARTNERS LP
NYSE
Oil & Gas E&P
$1.52B$16.000.88%$186.67M17.20x0.46
HPK
HIGHPEAK ENERGY INC
NASDAQ
Oil & Gas E&P
$1.91B$14.84-2.18%$854.10M9.05x0.98
REI
RING ENERGY INC
NYSEMKT
Oil & Gas E&P
$397.85M$2.01-2.90%$237.53M3.65x0.75
DEC
DIVERSIFIED ENERGY CO PLC
NYSE
Oil & Gas E&P
$665.66M$13.894.36%$1.22B0.86x4.91
EPM
EVOLUTION PETROLEUM CORP
NYSEMKT
Oil & Gas E&P
$187.69M$5.61-3.44%$38.00M11.22x0.44
PED
PEDEVCO CORP
NYSEMKT
Oil & Gas E&P
$79.08M$0.895.36%$11.24MN/A0.22
SD
SANDRIDGE ENERGY INC
NYSE
Oil & Gas E&P
$530.17M$14.29-1.45%$86.44M8.66x0.23
CPG
CRESCENT POINT ENERGY CORP
NYSE
Oil & Gas E&P
$5.28B$8.51-0.35%$1.51B10.94x0.86
BRY
BERRY CORP (BRY)
NASDAQ
Oil & Gas E&P
$635.09M$8.32-0.12%$251.38M16.98x1.10
OVV
OVINTIV INC
NYSE
Oil & Gas E&P
$13.95B$51.75-1.03%$4.69B6.45x0.93
ERF
ENERPLUS CORP
NYSE
Oil & Gas E&P
$4.05B$20.05-1.52%$962.52M9.28x0.69
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
NASDAQ
Oil & Gas E&P
$1.21B$15.120.93%$418.20M25.63x-6.11
OXY
OCCIDENTAL PETROLEUM CORP
NYSE
Oil & Gas E&P
$58.03B$65.98-1.26%$14.24B15.64x1.44
BTE
BAYTEX ENERGY CORP
NYSE
Oil & Gas E&P
$2.97B$3.62-1.09%$535.92M-14.84x0.95
MNR
MACH NATURAL RESOURCES LP
NYSE
Oil & Gas E&P
$1.89B$19.88-0.05%$217.34M27.61xN/A
TALO
TALOS ENERGY INC
NYSE
Oil & Gas E&P
$2.11B$13.27-0.30%$1.05B8.51x1.24
CKX
CKX LANDS INC
NYSEMKT
Oil & Gas E&P
$26.78M$13.450.00%$287.15k192.14x0.03
GRNT
GRANITE RIDGE RESOURCES INC
NYSE
Oil & Gas E&P
$862.27M$6.61-0.90%$271.56M10.84x0.38
OBE
OBSIDIAN ENERGY LTD
NYSEMKT
Oil & Gas E&P
$634.67M$8.18-1.09%$262.67M8.30x0.37
HUSA
HOUSTON AMERICAN ENERGY CORP
NYSEMKT
Oil & Gas E&P
$19.85M$1.82-4.71%-$2.98M-6.07x0.04
WDS
WOODSIDE ENERGY GROUP LTD
NYSE
Oil & Gas E&P
$35.81B$18.86-0.74%$7.66B21.55x0.59
BRN
BARNWELL INDUSTRIES INC
NYSEMKT
Oil & Gas E&P
$27.98M$2.792.20%$2.35M-10.33x0.93
INDO
INDONESIA ENERGY CORP LTD
NYSEMKT
Oil & Gas E&P
$38.44M$3.79-19.19%-$1.91M-9.97x0.19
BATL
BATTALION OIL CORP
NYSEMKT
Oil & Gas E&P
$89.19M$5.422.26%$86.90M-5.89x6.14
TELL
TELLURIAN INC
NYSEMKT
Oil & Gas E&P
$301.22M$0.39-11.09%-$49.70M-1.33x1.12
TXO
TXO PARTNERS LP
NYSE
Oil & Gas E&P
$558.42M$18.16-1.09%-$55.28M-5.28x0.47
CRGY
CRESCENT ENERGY CO
NYSE
Oil & Gas E&P
$1.99B$11.05-2.47%$912.43M10.83x1.86
VET
VERMILION ENERGY INC
NYSE
Oil & Gas E&P
$1.91B$11.79-2.24%$439.51M-11.06x1.06
VTS
VITESSE ENERGY INC
NYSE
Oil & Gas E&P
$672.73M$22.84-1.38%$127.39M-31.29x0.40
STR
SITIO ROYALTIES CORP
NYSE
Oil & Gas E&P
$3.68B$23.41-2.25%$292.60M-117.05x0.72
GFR
GREENFIRE RESOURCES LTD
NYSE
Oil & Gas E&P
$435.19M$6.340.32%$46.12M-3.46x0.69
VIVK
VIVAKOR INC
NASDAQ
Oil & Gas E&P
$24.02M$0.877.57%-$2.69M-1.55x3.14
KOS
KOSMOS ENERGY LTD
NYSE
Oil & Gas E&P
$2.86B$6.06-0.49%$922.49M13.17x3.78
AR
ANTERO RESOURCES CORP
NYSE
Oil & Gas E&P
$8.85B$29.160.14%$1.13B36.00x0.92
USEG
US ENERGY CORP
NASDAQ
Oil & Gas E&P
$32.17M$1.27-0.78%-$20.72M-0.99x0.73
EP
EMPIRE PETROLEUM CORP
NYSEMKT
Oil & Gas E&P
$131.19M$5.12-3.21%-$8.08M-9.31x1.65
TPET
TRIO PETROLEUM CORP
NYSEMKT
Oil & Gas E&P
$12.55M$0.34-30.33%-$7.13M-1.21x0.25
GTE
GRAN TIERRA ENERGY INC
NYSEMKT
Oil & Gas E&P
$259.58M$8.050.63%$382.52M-42.37x2.35
CEI
CAMBER ENERGY INC
NYSEMKT
Oil & Gas E&P
$25.62M$0.17-9.47%-$28.92M-0.37x5.34
SOC
SABLE OFFSHORE CORP
NYSE
Oil & Gas E&P
$622.12M$10.34-5.22%-$11.01MN/A1.05
KGEI
KOLIBRI GLOBAL ENERGY INC
NASDAQ
Oil & Gas E&P
$114.34M$3.210.94%N/AN/A0.28
NEXT
NEXTDECADE CORP
NASDAQ
Oil & Gas E&P
$1.54B$5.99-0.99%-$168.21M-6.37x8.97

Oil and Gas Stocks FAQ

What are the best oil and gas stocks to buy right now in Apr 2024?

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

1. Chord Energy (NASDAQ:CHRD)


Chord Energy (NASDAQ:CHRD) is the top oil and gas stock with a Zen Score of 61, which is 28 points higher than the oil and gas industry average of 33. It passed 24 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 26.18% over the past year, overperforming other oil and gas stocks by 13 percentage points.

Chord Energy has an average 1 year price target of $203.00, an upside of 12.08% from Chord Energy's current stock price of $181.12.

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.

2. Geopark (NYSE:GPRK)


Geopark (NYSE:GPRK) is the second best oil and gas stock with a Zen Score of 56, which is 23 points higher than the oil and gas industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Geopark has seen its stock lose -16.35% over the past year, underperforming other oil and gas stocks by -30 percentage points.

Geopark has an average 1 year price target of $12.50, an upside of 29.27% from Geopark's current stock price of $9.67.

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

3. Magnolia Oil & Gas (NYSE:MGY)


Magnolia Oil & Gas (NYSE:MGY) is the third best oil and gas stock with a Zen Score of 55, which is 22 points higher than the oil and gas industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Magnolia Oil & Gas has seen its stock return 13.39% over the past year.

Magnolia Oil & Gas has an average 1 year price target of $26.50, an upside of 2.63% from Magnolia Oil & Gas's current stock price of $25.82.

Magnolia Oil & Gas stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Magnolia Oil & Gas, 50% 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 16.67% have issued a Strong Sell.

What are the oil and gas stocks with highest dividends?

Out of 38 oil and gas stocks that have issued dividends in the past year, the 3 oil and gas stocks with the highest dividend yields are:

1. Sandridge Energy (NYSE:SD)


Sandridge Energy (NYSE:SD) has an annual dividend yield of 26.66%, which is 23 percentage points higher than the oil and gas industry average of 3.62%.

Sandridge Energy's dividend payout ratio of 224.2% indicates that its high dividend yield might not be sustainable for the long-term.

2. Black Stone Minerals (NYSE:BSM)


Black Stone Minerals (NYSE:BSM) has an annual dividend yield of 12.09%, which is 8 percentage points higher than the oil and gas industry average of 3.62%. Black Stone Minerals's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Black Stone Minerals's dividend has shown consistent growth over the last 10 years.

Black Stone Minerals's dividend payout ratio of 99.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. Kimbell Royalty Partners (NYSE:KRP)


Kimbell Royalty Partners (NYSE:KRP) has an annual dividend yield of 10.5%, which is 7 percentage points higher than the oil and gas industry average of 3.62%. Kimbell Royalty Partners's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Kimbell Royalty Partners's dividend has shown consistent growth over the last 10 years.

Kimbell Royalty Partners's dividend payout ratio of 186% indicates that its high dividend yield might not be sustainable for the long-term.

Why are oil and gas stocks down?

Oil and gas stocks were down -0.77% in the last day, and down -3.54% over the last week. Trio Petroleum was the among the top losers in the oil & gas e&p industry, dropping -30.33% yesterday.

Trio Petroleum shares are trading lower on continued weakness after the company on Wednesday announced it entered into a securities purchase agreement with an institutional investor in the amount of $360,000.

What are the most undervalued oil and gas stocks?

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

1. Chord Energy (NASDAQ:CHRD)


Chord Energy (NASDAQ:CHRD) is the most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Chord Energy has a valuation score of 86, which is 44 points higher than the oil and gas industry average of 42. It passed 6 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 26.18% in the past year. It has overperformed other stocks in the oil and gas industry by 13 percentage points.

2. Highpeak Energy (NASDAQ:HPK)


Highpeak Energy (NASDAQ:HPK) is the second most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Highpeak Energy has a valuation score of 86, which is 44 points higher than the oil and gas industry average of 42. It passed 6 out of 7 valuation due diligence checks.

Highpeak Energy's stock has dropped -37.7% in the past year. It has underperformed other stocks in the oil and gas industry by -51 percentage points.

3. Chesapeake Energy (NASDAQ:CHK)


Chesapeake Energy (NASDAQ:CHK) is the third most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Chesapeake Energy has a valuation score of 71, which is 29 points higher than the oil and gas industry average of 42. It passed 5 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 6.81% in the past year. It has underperformed other stocks in the oil and gas industry by -7 percentage points.

Are oil and gas stocks a good buy now?

51.85% of oil and gas stocks rated by analysts are a strong buy right now. On average, analysts expect oil and gas stocks to rise by 14.56% over the next year.

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

The average P/E ratio of the oil & gas e&p industry is 13.14x.
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.