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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
CHRD
CHORD ENERGY CORP
$7.33B$3.90B$1.97B$1.02B$24.596.85%N/A-59.60%N/A2024-06-18
GPRK
GEOPARK LTD
$515.65M$756.63M$381.26M$111.07M$1.95-27.91%4.71%-48.41%10.38%2024-05-16
MGY
MAGNOLIA OIL & GAS CORP
$5.12B$1.23B$820.33M$388.30M$2.04-27.59%N/A-56.87%N/A2024-05-08
SM
SM ENERGY CO
$5.61B$2.37B$1.70B$817.88M$6.89-29.32%2.81%-24.20%8.70%2024-05-23
SBOW
SILVERBOW RESOURCES INC
$781.20M$652.36M$680.56M$297.72M$12.74-13.41%20.45%-26.10%14.76%2024-05-21
SWN
SOUTHWESTERN ENERGY CO
$8.25B$6.52B$2.86B$1.56B$1.41-56.53%11.05%-15.57%8.68%2024-05-17
FANG
DIAMONDBACK ENERGY INC
$35.89B$8.41B$5.98B$3.14B$17.34-12.77%31.05%-29.54%16.47%2024-06-07
DVN
DEVON ENERGY CORP
$32.50B$15.26B$7.45B$3.75B$5.86-20.40%11.39%-35.96%-0.93%2024-06-05
GPOR
GULFPORT ENERGY CORP
$2.89B$1.79B$1.32B$1.25B$67.2434.60%N/A228.80%N/A2024-05-22
PR
PERMIAN RESOURCES CORP
$12.93B$3.12B$1.82B$476.31M$1.3646.43%28.49%-24.44%12.34%2024-05-22
BSM
BLACK STONE MINERALS LP
$3.59B$592.22M$472.03M$400.77M$1.91-10.76%-0.58%-12.39%5.52%2024-06-14
NOG
NORTHERN OIL & GAS INC
$4.12B$1.98B$1.38B$594.39M$6.37-9.39%26.75%-60.39%17.21%2024-05-23
DMLP
DORCHESTER MINERALS LP
$1.28B$163.80M$140.62M$110.39M$2.85-4.10%17.45%-14.93%12.10%2024-05-15
TPL
TEXAS PACIFIC LAND CORP
$13.26B$631.60M$532.32M$405.65M$17.60-5.37%16.04%-8.64%14.42%2024-05-17
MXC
MEXCO ENERGY CORP
$26.01M$7.01M$4.30M$1.99M$0.93-26.42%19.55%-57.92%46.04%2024-06-24
PXD
PIONEER NATURAL RESOURCES CO
$62.92B$19.36B$9.26B$4.89B$20.89-20.30%15.51%-35.94%29.62%2024-05-24
MUR
MURPHY OIL CORP
$6.82B$3.46B$1.83B$661.56M$4.26-12.02%14.07%-31.51%12.35%2024-05-08
EQT
EQT CORP
$17.70B$5.66B$2.73B$620.17M$1.49-47.29%5.22%-87.85%N/A
CNQ
CANADIAN NATURAL RESOURCES LTD
$81.31B$26.45B$12.66B$6.05B$5.54-12.41%11.67%-19.43%29.15%2024-05-02
VTLE
VITAL ENERGY INC
$1.94B$1.55B$1.12B$694.63M$34.30-19.43%6.95%-9.45%4.19%2024-05-23
COP
CONOCOPHILLIPS
$147.78B$58.57B$25.34B$10.96B$9.08-28.70%8.63%-37.89%11.12%2024-05-14
PHX
PHX MINERALS INC
$125.42M$44.46M$29.58M$13.92M$0.39-19.40%-5.46%-18.75%-13.17%2024-05-16
EOG
EOG RESOURCES INC
$76.64B$24.19B$13.33B$7.59B$13.07-5.90%6.96%-1.80%17.12%2024-05-03
HES
HESS CORP
$48.37B$10.65B$4.64B$1.38B$4.52-7.99%10.48%-33.53%N/A2024-05-15
MRO
MARATHON OIL CORP
$15.50B$6.70B$4.47B$1.55B$2.56-16.66%0.35%-51.42%14.51%2024-05-22
REPX
RILEY EXPLORATION PERMIAN INC
$528.97M$375.05M$242.92M$111.59M$5.6616.57%129.65%-6.29%25.75%2024-05-10
CHK
CHESAPEAKE ENERGY CORP
$11.78B$6.43B$2.98B$1.06B$8.01-54.63%N/A-85.44%N/A2024-06-07
EGY
VAALCO ENERGY INC
$660.95M$455.07M$271.89M$60.35M$0.5628.43%34.10%-24.32%-19.34%2024-06-06
AMPY
AMPLIFY ENERGY CORP
$278.66M$307.60M$189.49M$375.15M$9.63-32.91%-1.99%568.75%35.74%2024-05-15
VIST
VISTA ENERGY SAB DE CV
$4.19B$1.18B$756.48M$346.87M$3.65-8.79%22.72%-15.71%N/A
CTRA
COTERRA ENERGY INC
$20.57B$5.91B$3.84B$1.63B$2.14-34.66%22.00%-57.96%11.35%2024-05-03
CIVI
CIVITAS RESOURCES INC
$7.27B$3.48B$2.35B$784.29M$9.09-8.23%65.92%-38.08%2.08%2024-06-04
BRY
BERRY CORP (BRY)
$648.07M$903.46M$251.38M$37.40M$0.49-1.62%9.02%-84.64%-10.43%2024-05-23
MTDR
MATADOR RESOURCES CO
$7.77B$3.03B$2.02B$876.67M$7.34-0.60%28.02%-25.86%33.67%2024-06-13
EPSN
EPSILON ENERGY LTD
$118.77M$30.73M$17.91M$6.95M$0.31-56.08%0.69%-79.61%5.25%2024-05-15
CRK
COMSTOCK RESOURCES INC
$2.80B$1.57B$1.02B$211.89M$0.76-56.86%47.57%-84.00%4.50%2024-05-02
EPM
EVOLUTION PETROLEUM CORP
$180.66M$96.67M$38.00M$16.68M$0.50-31.53%16.63%-59.68%-0.78%2024-05-08
APA
APA CORP
$9.49B$8.19B$4.38B$2.86B$9.26-32.48%1.08%-16.20%142.69%2024-05-23
PNRG
PRIMEENERGY RESOURCES CORP
$183.43M$132.81M$65.73M$28.10M$15.19-15.47%2.38%-39.02%16.89%2024-06-05
CRC
CALIFORNIA RESOURCES CORP
$3.66B$2.80B$1.03B$564.00M$8.103.47%-1.78%16.71%3.65%2024-05-08
KRP
KIMBELL ROYALTY PARTNERS LP
$1.50B$294.07M$186.67M$60.14M$0.9318.55%33.15%-46.86%N/A2024-05-02
REI
RING ENERGY INC
$376.07M$361.06M$237.53M$104.86M$0.553.98%24.63%-51.75%29.67%2024-05-07
WTI
W&T OFFSHORE INC
$330.43M$532.66M$222.33M$15.60M$0.11-42.17%-1.71%-93.17%-42.30%2024-06-14
SD
SANDRIDGE ENERGY INC
$508.28M$148.64M$86.44M$60.86M$1.65-41.54%-15.71%-74.96%N/A2024-06-12
CPG
CRESCENT POINT ENERGY CORP
$5.46B$2.49B$1.51B$422.44M$0.7811.96%1.84%-58.73%N/A2024-05-10
OVV
OVINTIV INC
$13.83B$10.88B$4.69B$2.09B$8.02-12.68%12.88%-44.07%7.56%2024-05-08
PED
PEDEVCO CORP
$83.10M$30.78M$11.24M$264.00k$0.002.50%46.75%-100.00%-100.00%2024-05-14
CNX
CNX RESOURCES CORP
$3.60B$2.54B$1.89B$1.02B$6.31-26.28%10.95%-22.67%48.63%2024-05-02
HPK
HIGHPEAK ENERGY INC
$1.82B$1.11B$854.10M$215.87M$1.6447.06%N/A-19.61%71.67%2024-06-04
DEC
DIVERSIFIED ENERGY CO PLC
$672.37M$868.26M$1.22B$758.02M$16.07-54.76%N/AN/AN/A
ERF
ENERPLUS CORP
$4.01B$1.69B$962.52M$456.08M$2.16-21.40%10.34%-44.76%13.18%2024-05-24
MNR
MACH NATURAL RESOURCES LP
$1.96B$762.31M$217.34M$68.52M$0.72-18.68%N/AN/AN/A
BTE
BAYTEX ENERGY CORP
$3.05B$2.01B$535.92M-$172.86M-$0.2420.13%19.82%N/AN/A2024-05-09
TALO
TALOS ENERGY INC
$2.09B$1.46B$1.05B$187.33M$1.56-11.75%10.34%-66.31%-20.16%2024-05-23
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
$1.26B$4.18B$418.20M$47.10M$0.59-10.78%3.63%N/AN/A2024-05-10
OXY
OCCIDENTAL PETROLEUM CORP
$58.17B$28.92B$14.24B$3.77B$4.22-22.04%8.84%-68.53%-4.81%2024-05-08
CKX
CKX LANDS INC
$27.98M$1.49M$287.15k$142.96k$0.0734.38%4.45%N/A-34.26%2024-05-09
RRC
RANGE RESOURCES CORP
$8.71B$2.83B$1.08B$481.83M$2.01-45.01%-2.93%-76.68%N/A2024-05-08
INDO
INDONESIA ENERGY CORP LTD
$42.34M$3.53M-$1.39M-$2.64M-$0.26-13.96%-9.65%N/AN/A
GRNT
GRANITE RIDGE RESOURCES INC
$850.53M$394.07M$271.56M$81.10M$0.61-20.78%N/A-69.04%N/A
AR
ANTERO RESOURCES CORP
$10.57B$4.40B$910.61M$65.83M$0.21-43.35%1.16%-97.16%-35.35%2024-06-05
OBE
OBSIDIAN ENERGY LTD
$664.93M$506.96M$262.67M$80.00M$0.99-8.56%12.71%-86.13%N/A2024-05-02
HUSA
HOUSTON AMERICAN ENERGY CORP
$17.56M$794.03k-$2.98M-$3.21M-$0.30-51.55%-19.55%N/AN/A2024-06-20
BATL
BATTALION OIL CORP
$84.42M$220.76M$86.90M-$15.10M-$0.92-38.52%N/AN/AN/A2024-05-13
BRN
BARNWELL INDUSTRIES INC
$28.93M$23.91M$2.35M-$2.71M-$0.27-21.86%18.80%N/AN/A2024-05-21
WDS
WOODSIDE ENERGY GROUP LTD
$33.82B$13.99B$7.66B$1.66B$0.88-16.79%N/A-79.65%N/A
TXO
TXO PARTNERS LP
$566.72M$380.72M-$55.28M-$103.99M-$3.4454.51%N/AN/AN/A
CRGY
CRESCENT ENERGY CO
$1.91B$2.38B$912.43M$67.61M$1.02-22.06%14.72%-53.64%-70.41%2024-05-07
TELL
TELLURIAN INC
$336.43M$166.13M-$49.70M-$166.18M-$0.29-57.61%74.44%N/AN/A2024-06-05
VET
VERMILION ENERGY INC
$1.87B$1.48B$439.51M-$174.70M-$1.07-39.44%5.96%N/AN/A2024-05-01
GFR
GREENFIRE RESOURCES LTD
$397.44M$491.67M$46.12M-$99.76M-$1.83-16.74%N/AN/AN/A
VTS
VITESSE ENERGY INC
$653.58M$233.91M$127.39M-$21.58M-$0.73-17.02%6.43%N/AN/A2024-05-06
KOS
KOSMOS ENERGY LTD
$2.67B$1.70B$922.49M$213.52M$0.46-26.01%13.52%-8.00%N/A2024-06-06
VIVK
VIVAKOR INC
$31.89M$59.32M-$2.69M-$10.74M-$0.56111.06%N/AN/AN/A2024-05-23
STR
SITIO ROYALTIES CORP
$3.66B$593.36M$292.60M-$77.85M-$0.2060.53%43.59%N/AN/A
USEG
US ENERGY CORP
$30.14M$32.32M-$20.72M-$32.36M-$1.28-27.46%42.30%N/AN/A
TPET
TRIO PETROLEUM CORP
$11.96M$0.00-$7.13M-$7.43M-$0.28N/AN/AN/AN/A
EP
EMPIRE PETROLEUM CORP
$132.73M$40.08M-$8.08M-$12.47M-$0.55-24.22%143.78%N/AN/A2024-06-07
GTE
GRAN TIERRA ENERGY INC
$278.61M$636.96M$382.52M-$6.29M-$0.19-10.46%0.76%N/AN/A2024-05-02
CEI
CAMBER ENERGY INC
$24.58M$32.05M-$28.92M-$32.65M-$0.4633.35%52.00%N/AN/A
SOC
SABLE OFFSHORE CORP
$625.73M$0.00-$11.01M-$27.64MN/AN/AN/AN/AN/A
KGEI
KOLIBRI GLOBAL ENERGY INC
$113.27MN/AN/AN/AN/AN/AN/AN/AN/A2024-05-15
NEXT
NEXTDECADE CORP
$1.65B$0.00-$168.21M-$182.75M-$0.94N/AN/AN/AN/A2024-05-09

Oil and Gas Stocks FAQ

What are the best oil and gas stocks to buy right now in May 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 64, which is 31 points higher than the oil and gas industry average of 33. It passed 25 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 24.57% over the past year, overperforming other oil and gas stocks by 6 percentage points.

Chord Energy has an average 1 year price target of $208.17, an upside of 17.62% from Chord Energy's current stock price of $176.98.

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 -14.18% over the past year, underperforming other oil and gas stocks by -33 percentage points.

Geopark has an average 1 year price target of $12.50, an upside of 34.12% from Geopark's current stock price of $9.32.

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. Silverbow Resources (NYSE:SBOW)


Silverbow Resources (NYSE:SBOW) 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 18 out of 33 due diligence checks and has strong fundamentals. Silverbow Resources has seen its stock return 30.34% over the past year, overperforming other oil and gas stocks by 11 percentage points.

Silverbow Resources has an average 1 year price target of $40.80, an upside of 32.81% from Silverbow Resources's current stock price of $30.72.

Silverbow Resources stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Silverbow Resources, 80% have issued a Strong Buy rating, 0% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% 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. 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 oil and gas industry average of 3.72%.

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 27.81%, which is 24 percentage points higher than the oil and gas industry average of 3.72%.

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

3. Black Stone Minerals (NYSE:BSM)


Black Stone Minerals (NYSE:BSM) has an annual dividend yield of 11.91%, which is 8 percentage points higher than the oil and gas industry average of 3.72%. 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.

Why are oil and gas stocks down?

Oil and gas stocks were down -3.48% in the last day, and down -1.78% over the last week. Northern Oil & Gas was the among the top losers in the oil & gas e&p industry, dropping -6.32% yesterday.

Shares of oil and gas companies are trading lower amid reports of Middle East peace talks.

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 100, which is 58 points higher than the oil and gas industry average of 42. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 24.57% in the past year. It has overperformed other stocks in the oil and gas industry by 6 percentage points.

2. Chesapeake Energy (NASDAQ:CHK)


Chesapeake Energy (NASDAQ:CHK) is the second most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Chesapeake Energy has a valuation score of 100, which is 58 points higher than the oil and gas industry average of 42. It passed 7 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 9.29% in the past year. It has underperformed other stocks in the oil and gas industry by -10 percentage points.

3. Berry (NASDAQ:BRY)


Berry (NASDAQ:BRY) is the third most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Berry 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.

Berry's stock has gained 11.86% 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?

48.15% 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 16.42% 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 15.35x.
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.