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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
Price
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
CHRD
CHORD ENERGY CORP
$180.590.91%0.61%-0.29%10.28%11.07%26.33%143.78%N/AN/A$190.23$142.025.07%27.16%0.87792,1517.09%
FANG
DIAMONDBACK ENERGY INC
$197.671.58%-2.24%-1.73%11.01%26.59%54.94%145.98%78.05%177.82%$211.96$123.416.74%60.17%1.25952,864-15.70%
SM
SM ENERGY CO
$48.951.03%-0.43%-0.69%26.16%29.12%84.30%167.34%224.17%-35.04%$53.26$25.848.09%89.43%1.801,022,871-42.01%
MGY
MAGNOLIA OIL & GAS CORP
$25.480.95%-1.55%-1.32%19.01%17.53%29.93%98.44%106.15%N/A$27.33$19.056.77%33.79%1.212,473,963-16.79%
EGY
VAALCO ENERGY INC
$6.15-0.32%-0.81%-8.62%43.36%35.16%60.16%119.64%245.51%-7.24%$7.51$3.5518.05%73.19%1.14764,928-13.20%
DVN
DEVON ENERGY CORP
$49.620.77%-1.00%-3.97%14.31%9.39%4.00%82.49%62.10%-30.39%$55.09$40.479.93%22.61%1.414,635,950-12.34%
GPRK
GEOPARK LTD
$10.060.80%5.89%4.03%19.76%9.35%-0.40%-36.85%-34.59%12.03%$10.95$8.058.13%24.97%0.96477,640-2.47%
BSM
BLACK STONE MINERALS LP
$16.231.82%1.31%3.24%8.85%-7.15%0.56%63.28%-5.58%N/A$18.55$14.8812.51%9.07%0.68599,0309.24%
PR
PERMIAN RESOURCES CORP
$16.390.68%-1.09%-6.56%13.50%23.60%79.52%250.21%63.25%N/A$18.28$9.1110.34%79.91%1.087,366,662-41.68%
VTLE
VITAL ENERGY INC
$49.532.38%0.94%-7.70%8.40%6.33%13.57%2.53%-25.85%-90.95%$62.87$40.0021.22%23.83%2.14784,9365.58%
MXC
MEXCO ENERGY CORP
$11.991.15%-0.08%-5.89%23.42%4.90%4.46%53.72%196.05%77.63%$16.52$9.0227.42%32.93%0.563,194-53.85%
NOG
NORTHERN OIL & GAS INC
$40.010.65%0.70%-5.75%19.18%7.32%32.05%138.72%82.69%-73.29%$43.75$29.578.55%35.31%1.29679,4253.13%
DMLP
DORCHESTER MINERALS LP
$31.760.13%-2.04%-5.62%5.17%11.99%9.82%109.08%67.16%12.58%$35.74$27.1611.14%16.94%0.6227,565-13.03%
COP
CONOCOPHILLIPS
$121.711.57%-0.16%-5.16%11.11%6.21%20.85%108.77%95.99%55.18%$135.18$98.389.96%23.71%1.134,266,167-8.45%
APA
APA CORP
$30.881.21%1.65%-4.28%-0.32%-16.25%-5.16%39.35%1.55%-65.43%$46.15$28.9033.08%6.85%1.573,779,767-14.97%
HES
HESS CORP
$158.111.15%-1.43%4.85%7.79%9.46%19.61%82.96%140.69%79.79%$167.75$124.275.75%27.23%1.182,273,5113.09%
EQT
EQT CORP
$41.171.63%5.75%14.23%22.06%1.98%18.27%77.99%97.84%-60.06%$45.23$32.078.98%28.38%0.885,178,173-17.65%
CHK
CHESAPEAKE ENERGY CORP
$91.690.64%5.25%5.21%18.08%12.39%17.16%83.42%N/AN/A$93.58$72.842.02%25.88%0.801,025,774-30.94%
MTDR
MATADOR RESOURCES CO
$62.080.70%-2.95%-5.44%5.69%6.83%40.52%102.74%210.40%148.42%$71.08$43.2112.66%43.67%1.801,014,512-12.81%
REPX
RILEY EXPLORATION PERMIAN INC
$26.543.43%-0.41%-6.12%13.08%-0.11%-24.69%-23.43%129.11%-50.38%$40.77$21.2734.90%24.76%0.98186,97724.42%
MUR
MURPHY OIL CORP
$43.08-0.30%-2.62%-4.86%11.69%-1.37%23.44%100.93%61.59%-29.10%$49.14$34.5312.33%24.76%1.431,211,7848.27%
TPL
TEXAS PACIFIC LAND CORP
$610.220.28%-2.16%4.32%22.78%10.81%35.99%10.95%111.29%1,077.87%$666.67$422.078.47%44.58%1.0736,419-41.39%
CNQ
CANADIAN NATURAL RESOURCES LTD
$77.071.72%0.72%-0.19%21.97%15.76%37.55%119.76%182.72%93.74%$82.58$52.666.67%46.35%1.211,255,85015.38%
PHX
PHX MINERALS INC
$3.200.63%-3.32%0.63%8.47%-5.04%11.89%9.59%-77.67%-88.00%$3.89$2.7417.74%16.79%0.8722,0884.09%
REI
RING ENERGY INC
$1.865.68%6.29%-7.46%34.78%8.14%5.68%-21.52%-57.82%-89.79%$2.43$1.2523.46%48.80%1.541,503,466-5.60%
PNRG
PRIMEENERGY RESOURCES CORP
$105.721.95%1.61%3.41%8.49%-1.91%24.67%158.48%-22.83%78.88%$120.00$83.9011.90%26.01%0.87790-36.34%
VIST
VISTA ENERGY SAB DE CV
$47.490.04%4.72%14.96%36.27%78.60%131.88%1,596.07%N/AN/A$48.30$20.221.67%134.87%1.21332,336-27.98%
EOG
EOG RESOURCES INC
$129.941.58%-0.12%-1.86%14.86%4.79%17.27%52.69%39.69%27.02%$139.67$106.326.97%22.22%1.072,338,274-10.59%
MRO
MARATHON OIL CORP
$26.210.31%-1.43%-5.31%13.12%2.54%15.41%113.96%69.42%-26.44%$30.06$21.8112.81%20.17%1.255,645,73111.32%
CTRA
COTERRA ENERGY INC
$28.190.64%0.39%3.56%14.45%5.38%14.41%53.96%7.72%-23.23%$29.89$22.915.69%23.05%0.734,328,660-42.96%
SBOW
SILVERBOW RESOURCES INC
$37.482.35%14.58%24.89%36.34%17.86%55.45%130.65%136.02%N/A$43.95$22.1414.72%69.29%0.961,440,922-73.38%
EPSN
EPSILON ENERGY LTD
$5.36-1.47%1.90%1.71%8.94%-4.11%7.85%31.70%25.67%N/A$6.35$4.7015.59%14.04%0.3717,928-77.53%
CIVI
CIVITAS RESOURCES INC
$74.480.70%-2.23%2.15%20.52%6.67%9.87%76.03%205.75%-98.54%$86.58$60.3813.97%23.35%1.123,702,225-29.26%
SD
SANDRIDGE ENERGY INC
$13.631.56%0.66%-4.62%8.00%-5.81%-18.63%154.77%54.36%N/A$17.80$11.5123.43%18.44%1.21242,637-25.27%
PED
PEDEVCO CORP
$0.970.94%-1.72%9.60%30.38%11.49%11.49%-28.68%-53.14%-95.00%$1.13$0.6114.16%59.02%0.5470,533-59.68%
HPK
HIGHPEAK ENERGY INC
$14.791.86%3.07%-0.34%-6.57%-7.56%5.95%67.31%46.44%N/A$18.42$10.4419.71%41.67%0.38148,601-17.53%
CNX
CNX RESOURCES CORP
$24.300.08%4.47%1.89%23.48%13.60%56.77%66.32%186.89%-34.88%$24.82$15.082.10%61.14%0.751,706,0975.87%
DEC
DIVERSIFIED ENERGY CO PLC
$14.48-0.28%4.25%4.25%21.07%N/AN/AN/AN/AN/A$18.05$10.5419.78%37.42%0.70158,834-14.04%
GPOR
GULFPORT ENERGY CORP
$158.372.01%7.22%3.05%19.27%22.68%62.56%132.86%N/AN/A$165.19$93.674.13%69.08%0.77220,8122.08%
KRP
KIMBELL ROYALTY PARTNERS LP
$16.591.04%5.94%3.69%7.87%4.87%6.83%29.00%-8.39%N/A$17.11$14.023.04%18.33%0.98481,349-5.22%
CRK
COMSTOCK RESOURCES INC
$10.801.41%6.40%17.52%43.24%-0.83%11.23%76.18%92.86%-91.80%$13.39$7.0719.34%52.76%0.852,370,9379.81%
OXY
OCCIDENTAL PETROLEUM CORP
$63.410.87%-0.25%-3.90%6.46%4.02%7.62%140.28%20.19%-33.91%$71.19$55.1210.92%15.04%1.386,578,44624.01%
KOS
KOSMOS ENERGY LTD
$5.910.34%-2.96%-2.48%2.78%-14.84%-5.29%84.11%-9.08%-43.82%$8.28$5.2328.62%13.00%1.757,167,2433.47%
OVV
OVINTIV INC
$49.790.99%-0.30%-3.79%12.29%10.64%50.38%85.30%49.74%-56.59%$55.95$32.4911.01%53.25%1.632,530,7263.61%
CRC
CALIFORNIA RESOURCES CORP
$49.400.30%1.27%-8.20%-7.23%-5.74%25.38%96.11%N/AN/A$58.44$37.2115.47%32.76%0.91761,564-28.18%
VRN
VEREN INC
$8.650.23%-0.57%1.65%26.46%22.52%29.69%106.44%120.10%-78.42%$9.28$6.036.78%43.45%1.421,877,22328.05%
KGEI
KOLIBRI GLOBAL ENERGY INC
$3.06-0.10%-4.47%-4.77%0.56%-28.91%N/AN/AN/AN/A$4.93$2.8437.99%7.64%0.608,254815.08%
CKX
CKX LANDS INC
$13.940.00%-1.76%3.64%1.75%12.42%42.10%9.29%40.06%-7.99%$14.44$9.803.46%42.24%-0.067321.95%
BRY
BERRY CORP (BRY)
$7.211.55%-3.22%-13.34%6.03%2.71%7.77%14.26%-34.28%N/A$8.94$6.2219.35%15.92%1.192,956,812126.59%
INDO
INDONESIA ENERGY CORP LTD
$3.80-4.04%-8.87%0.26%52.00%26.25%-18.98%-27.62%N/AN/A$6.65$2.0342.86%87.19%0.95198,369-18.34%
RRC
RANGE RESOURCES CORP
$37.782.36%6.33%8.81%23.79%12.04%37.28%164.01%331.28%-57.67%$38.25$25.891.23%45.93%1.072,528,54740.91%
AR
ANTERO RESOURCES CORP
$35.002.49%5.04%20.03%49.51%36.61%60.26%176.24%359.32%-44.12%$35.07$19.910.20%75.77%1.122,685,36936.59%
VTS
VITESSE ENERGY INC
$24.722.62%2.62%8.23%12.21%8.04%24.03%N/AN/AN/A$27.39$19.639.75%25.93%0.82238,50440.27%
BTE
BAYTEX ENERGY CORP
$3.491.45%1.16%-3.59%6.40%-11.20%4.18%134.23%79.90%-91.52%$4.65$2.8924.95%20.76%1.284,311,653-40.09%
ERF
ENERPLUS CORP
$20.000.76%0.35%-0.25%23.69%23.00%39.28%212.01%136.97%-5.93%$20.97$13.464.60%48.59%1.263,617,953110.32%
HUSA
HOUSTON AMERICAN ENERGY CORP
$1.38-1.43%-10.39%-24.18%-5.48%-20.23%-36.11%-11.54%-52.51%-76.00%$2.81$1.2750.89%8.66%0.16289,02052.49%
EPM
EVOLUTION PETROLEUM CORP
$5.592.76%0.72%-0.36%1.64%-5.41%-25.37%47.88%-15.94%-49.14%$10.11$5.0044.71%11.80%1.17282,5498.77%
GRNT
GRANITE RIDGE RESOURCES INC
$6.460.00%1.89%-2.27%5.90%3.86%9.86%-33.40%N/AN/A$8.14$5.2020.63%24.23%0.24277,601-41.93%
TALO
TALOS ENERGY INC
$12.141.17%-2.80%-8.52%-6.83%-16.85%4.12%-7.61%-55.93%N/A$17.59$11.7530.98%3.32%1.291,617,449-10.10%
BRN
BARNWELL INDUSTRIES INC
$2.56-2.66%-5.88%-8.24%16.36%-1.92%0.39%-14.95%89.63%-24.71%$2.99$2.0614.38%24.27%0.5313,2976.74%
WDS
WOODSIDE ENERGY GROUP LTD
$18.48-0.27%-1.23%-2.01%-5.71%-10.98%-19.23%-3.60%-27.76%-52.12%$25.84$17.3728.48%6.39%0.53532,58620.90%
TELL
TELLURIAN INC
$0.52-1.15%22.91%33.77%-36.65%-4.45%-58.80%-79.07%-94.02%-97.05%$1.76$0.3670.66%45.07%1.6525,796,3149.73%
VET
VERMILION ENERGY INC
$12.332.24%3.53%4.58%16.43%-6.31%4.85%50.55%-46.44%-81.43%$15.98$9.8222.84%25.62%1.49899,54339.80%
OBE
OBSIDIAN ENERGY LTD
$7.700.65%-1.03%-5.87%13.24%1.58%30.29%361.08%263.21%-87.99%$9.07$5.3315.06%44.47%1.01315,481-37.47%
SWN
SOUTHWESTERN ENERGY CO
$7.530.13%5.02%3.58%13.92%11.89%48.52%39.19%93.57%-83.29%$7.80$4.723.46%59.53%0.678,360,873-25.39%
BATL
BATTALION OIL CORP
$5.730.53%2.32%5.72%-2.39%-5.60%2.32%-55.13%N/AN/A$9.69$4.5140.87%27.05%1.0514,86933.01%
USEG
US ENERGY CORP
$1.120.90%-2.61%-11.81%10.89%-5.08%-15.79%-71.79%-72.68%-99.53%$1.76$0.8336.36%34.94%0.6219,354-17.94%
AMPY
AMPLIFY ENERGY CORP
$6.292.78%0.96%-7.64%3.97%0.16%-7.09%79.71%-23.76%N/A$8.21$3.5623.39%76.69%1.57287,103-49.92%
WTI
W&T OFFSHORE INC
$2.351.73%0.86%-2.49%-23.70%-36.66%-41.83%-38.32%-52.14%-84.30%$4.51$2.1947.84%7.31%1.401,337,5543.16%
STR
SITIO ROYALTIES CORP
$23.530.90%0.51%0.51%8.58%3.61%-8.05%15.57%-25.06%N/A$27.61$19.9514.78%17.94%0.80447,901-2.92%
TPET
TRIO PETROLEUM CORP
$0.28-1.41%-22.22%-17.65%118.75%-9.39%-84.00%N/AN/AN/A$1.97$0.0885.79%250.00%-1.433,300,89510.42%
EP
EMPIRE PETROLEUM CORP
$6.460.78%-8.89%26.17%12.35%-15.56%-35.79%-17.18%521.15%521.15%$11.85$4.5345.49%42.60%0.9669,7197.62%
GTE
GRAN TIERRA ENERGY INC
$9.25-0.32%0.22%14.91%79.61%44.53%59.48%1,240.58%332.24%32.71%$9.47$4.622.34%100.22%2.01250,120-34.11%
CEI
CAMBER ENERGY INC
$0.171.76%4.85%0.58%-6.99%-43.65%-85.09%-99.46%-100.00%-100.00%$1.27$0.1586.38%15.33%1.1756,181,113299.71%
TXO
TXO PARTNERS LP
$22.62-0.96%9.54%24.56%19.18%21.48%-2.96%N/AN/AN/A$23.56$17.203.97%31.51%0.24131,542-48.57%
CRGY
CRESCENT ENERGY CO
$12.023.26%-1.15%8.78%9.77%4.34%19.13%N/AN/AN/A$14.22$9.1715.47%31.08%0.983,681,081-53.80%
GFR
GREENFIRE RESOURCES LTD
$5.93-1.66%-0.84%-6.47%9.81%-1.98%N/AN/AN/AN/A$9.90$4.6840.10%26.71%0.585,715-96.80%
MNR
MACH NATURAL RESOURCES LP
$20.70-0.10%2.58%4.12%11.23%13.42%N/AN/AN/AN/A$21.19$14.402.31%43.75%0.12137,005-29.43%
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
$15.760.06%-1.31%4.23%-8.10%8.47%-7.24%175.52%259.00%-49.84%$19.91$11.9120.86%32.33%0.98101,83829.84%
NEXT
NEXTDECADE CORP
$6.98-1.83%2.65%16.53%31.20%46.95%14.61%252.53%28.55%N/A$8.74$4.0120.13%74.06%1.47983,81215.00%

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 60, which is 29 points higher than the oil and gas industry average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 26.33% over the past year.

Chord Energy has an average 1 year price target of $216.00, an upside of 19.61% from Chord Energy's current stock price of $180.59.

Chord Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Chord Energy, 80% have issued a Strong Buy rating, 20% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Diamondback Energy (NASDAQ:FANG)


Diamondback Energy (NASDAQ:FANG) is the second best oil and gas stock with a Zen Score of 58, which is 27 points higher than the oil and gas industry average of 31. It passed 22 out of 38 due diligence checks and has strong fundamentals. Diamondback Energy has seen its stock return 54.94% over the past year, overperforming other oil and gas stocks by 29 percentage points.

Diamondback Energy has an average 1 year price target of $216.25, an upside of 9.4% from Diamondback Energy's current stock price of $197.67.

Diamondback Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Diamondback Energy, 62.5% have issued a Strong Buy rating, 18.75% have issued a Buy, 18.75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Sm Energy Co (NYSE:SM)


Sm Energy Co (NYSE:SM) is the third best oil and gas stock with a Zen Score of 57, which is 26 points higher than the oil and gas industry average of 31. It passed 21 out of 38 due diligence checks and has strong fundamentals. Sm Energy Co has seen its stock return 84.3% over the past year, overperforming other oil and gas stocks by 58 percentage points.

Sm Energy Co has an average 1 year price target of $52.89, an upside of 8.05% from Sm Energy Co's current stock price of $48.95.

Sm Energy Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Sm Energy Co, 44.44% have issued a Strong Buy rating, 22.22% 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 oil and gas stocks with highest dividends?

Out of 37 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 3.54%.

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

2. Us Energy (NASDAQ:USEG)


Us Energy (NASDAQ:USEG) has an annual dividend yield of N/A, which is N/A percentage points lower than the oil and gas industry average of 3.54%. Us Energy's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Us Energy's dividend has not shown consistent growth over the last 10 years.

Us Energy's dividend payout ratio of -1.4% indicates that its dividend yield might not be sustainable for the long-term.

3. Sandridge Energy (NYSE:SD)


Sandridge Energy (NYSE:SD) has an annual dividend yield of 17.75%, which is 14 percentage points higher than the oil and gas industry average of 3.54%.

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

Why are oil and gas stocks up?

Oil and gas stocks were up 1% in the last day, and up 0.36% over the last week.

We couldn't find a catalyst for why oil and gas stocks are up.

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 63 points higher than the oil and gas industry average of 37. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 26.33% in the past year. It has performed in line with other stocks in the oil and gas industry.

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 63 points higher than the oil and gas industry average of 37. It passed 7 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 17.16% in the past year. It has underperformed other stocks in the oil and gas industry by -9 percentage points.

3. Cnx Resources (NYSE:CNX)


Cnx Resources (NYSE:CNX) is the third most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Cnx Resources has a valuation score of 71, which is 34 points higher than the oil and gas industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Cnx Resources's stock has gained 56.77% in the past year. It has overperformed other stocks in the oil and gas industry by 30 percentage points.

Are oil and gas stocks a good buy now?

49.06% 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 17.17% 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 14.1x.
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