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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
Volume
Vol 1d %
SMA 10
SMA 20
SMA 50
SMA 100
SMA 200
RSI
Stochastic %K
Stochastic %D
StochRSI %K
StochRSI %D
MACD
MACD Signal
MACD Histogram
Beta
CHRD
CHORD ENERGY CORP
$182.27596,076-22.66%179.53180.42176.98168.15164.6456.3372.0067.3161.9956.800.800.85-0.050.87
GPRK
GEOPARK LTD
$9.89565,56726.66%9.579.609.559.139.3760.8183.0771.4091.9578.110.040.010.030.96
FANG
DIAMONDBACK ENERGY INC
$196.741,613,2789.45%201.17202.10198.55179.91167.2341.9434.0745.8211.5924.900.221.29-1.071.25
SM
SM ENERGY CO
$48.801,219,920-6.14%49.7749.5149.2043.8641.4746.6346.6351.0641.6646.880.110.30-0.191.80
MGY
MAGNOLIA OIL & GAS CORP
$25.676,222,355185.43%25.7325.7625.5023.2822.8049.6676.8179.7955.3960.060.100.13-0.021.21
DVN
DEVON ENERGY CORP
$49.715,731,15637.98%50.3751.1950.4746.9447.2939.7512.7912.610.002.35-0.260.05-0.311.41
BSM
BLACK STONE MINERALS LP
$15.89490,253-9.45%16.2116.0215.9515.9516.6346.8011.5318.1310.7110.930.000.06-0.060.68
PR
PERMIAN RESOURCES CORP
$16.7518,554,863-29.53%16.9817.0517.1015.4914.5044.7840.2638.9138.9536.60-0.08-0.01-0.071.08
EGY
VAALCO ENERGY INC
$6.321,216,575-0.77%6.226.366.295.334.8749.5525.9320.7637.7530.01-0.07-0.03-0.041.14
VTLE
VITAL ENERGY INC
$48.57774,557-37.85%50.9552.5652.6048.7750.1635.9710.188.699.226.98-1.08-0.44-0.642.14
NOG
NORTHERN OIL & GAS INC
$40.23943,54433.91%40.2441.3040.2937.5838.3745.7815.1613.2313.6811.73-0.210.07-0.271.29
MXC
MEXCO ENERGY CORP
$12.054,82237.34%12.0512.3511.8210.8611.5047.8116.2913.1137.3228.05-0.080.03-0.110.57
DMLP
DORCHESTER MINERALS LP
$32.1964,97620.25%32.0732.8933.2132.2130.6344.6652.5950.5556.5747.13-0.38-0.33-0.050.62
COP
CONOCOPHILLIPS
$120.705,416,6925.01%122.33125.47125.16118.78118.3031.769.9910.740.914.56-1.51-0.76-0.751.13
EQT
EQT CORP
$40.933,739,268-17.36%40.1639.5337.3236.9039.0761.3970.7559.5831.6820.490.870.90-0.030.88
HES
HESS CORP
$156.722,413,34935.95%158.81158.40154.25149.19149.7748.7637.4349.368.1919.051.221.63-0.411.18
APA
APA CORP
$30.545,154,49820.93%30.1331.1132.4832.2236.1242.0735.7136.8164.1763.83-0.72-0.72-0.001.57
CHK
CHESAPEAKE ENERGY CORP
$91.252,003,00618.30%88.5489.0587.5883.0083.4860.2759.6545.5743.1828.750.520.460.060.80
REPX
RILEY EXPLORATION PERMIAN INC
$25.80133,007-26.18%26.0726.5228.4726.1428.2342.3954.0761.4163.0871.61-0.60-0.660.060.98
TPL
TEXAS PACIFIC LAND CORP
$601.5471,43927.25%587.83586.55573.42540.14564.2256.4769.5978.3466.6278.367.905.552.361.07
CNQ
CANADIAN NATURAL RESOURCES LTD
$76.031,211,321-31.51%76.1476.4976.3170.3967.1047.6354.5260.4842.6051.30-0.040.11-0.151.21
MUR
MURPHY OIL CORP
$43.881,216,42923.60%44.3145.0645.1142.4043.3439.2213.6415.550.717.46-0.39-0.19-0.201.43
PHX
PHX MINERALS INC
$3.20106,093193.42%3.303.343.273.213.3342.765.969.103.271.98-0.020.01-0.030.87
REI
RING ENERGY INC
$1.751,532,096-0.94%1.821.901.891.641.7238.5014.8313.9014.4611.14-0.04-0.02-0.021.54
VIST
VISTA ENERGY SAB DE CV
$47.61963,83043.00%45.4844.2242.4637.3532.7468.5082.3978.5568.3060.171.291.080.211.21
MRO
MARATHON OIL CORP
$26.445,100,167-8.07%26.6527.0427.3525.3825.7440.5331.4136.3241.4247.11-0.28-0.19-0.081.25
EOG
EOG RESOURCES INC
$129.092,552,7369.20%130.10131.98129.64122.41124.6142.9317.9818.810.183.02-0.340.33-0.661.07
MTDR
MATADOR RESOURCES CO
$63.32999,15611.03%63.6464.0865.9061.4360.3843.8945.3947.0564.0169.40-0.66-0.61-0.041.80
CTRA
COTERRA ENERGY INC
$27.814,688,4649.77%28.0427.9627.5926.4126.8249.5460.0964.4747.8052.060.140.17-0.030.73
SBOW
SILVERBOW RESOURCES INC
$32.35310,091-38.74%32.7731.7732.7730.1832.6850.1757.3261.6059.4764.850.190.080.110.96
PNRG
PRIMEENERGY RESOURCES CORP
$106.711,1277.85%104.15102.89101.47100.44102.3863.4088.2179.4875.7463.891.311.020.290.87
EPSN
EPSILON ENERGY LTD
$5.3714,196-64.98%5.365.365.305.125.2751.3329.3321.7230.8417.72-0.000.01-0.020.37
CIVI
CIVITAS RESOURCES INC
$76.47747,72222.32%75.7874.3673.8569.6372.5057.9373.8875.3070.8373.260.950.710.231.12
PED
PEDEVCO CORP
$0.9443,013-59.52%0.970.970.860.800.8651.4128.8239.677.1619.860.030.04-0.010.54
SD
SANDRIDGE ENERGY INC
$13.86400,249-40.40%13.6914.0214.2113.8114.5946.7941.0631.8262.7446.33-0.18-0.16-0.021.21
CNX
CNX RESOURCES CORP
$24.382,893,513-12.76%23.6923.7823.2821.7721.6959.7972.9255.5470.2450.790.140.130.000.75
HPK
HIGHPEAK ENERGY INC
$14.32159,602-52.45%14.4314.6715.1814.8915.2545.3129.1235.8246.3650.94-0.25-0.260.000.38
DEC
DIVERSIFIED ENERGY CO PLC
$14.18159,81160.87%13.8713.8912.9613.03N/A57.4149.6646.9431.0928.980.240.28-0.040.72
GPOR
GULFPORT ENERGY CORP
$157.44332,25672.73%2.101.961.801.511.2168.5689.5588.4587.7883.680.120.090.030.77
KRP
KIMBELL ROYALTY PARTNERS LP
$16.25571,78445.06%16.1716.0715.8715.4915.4954.0041.7136.3335.8932.060.060.08-0.020.98
CRK
COMSTOCK RESOURCES INC
$10.633,635,125-15.48%10.2810.109.348.7910.0565.0281.5277.3251.2040.260.330.310.010.85
OXY
OCCIDENTAL PETROLEUM CORP
$63.386,387,00236.21%64.0065.4465.2362.0062.1639.1412.499.085.704.74-0.73-0.33-0.401.38
KOS
KOSMOS ENERGY LTD
$6.027,445,117114.69%5.985.925.896.056.6052.6269.1672.3473.0578.560.030.010.021.75
OVV
OVINTIV INC
$49.982,502,387-13.95%50.8851.6151.9347.7647.1338.818.818.272.632.47-0.55-0.23-0.321.63
CRC
CALIFORNIA RESOURCES CORP
$48.62906,077-13.83%50.2652.3053.3652.7653.2634.489.715.626.042.30-1.55-1.01-0.540.92
VRN
VEREN INC
$8.83725,145N/A8.758.788.427.587.6756.0838.7136.6817.7915.770.090.13-0.041.42
CKX
CKX LANDS INC
$13.97492221.57%13.9314.0113.6413.4012.8251.7054.9263.2438.4742.320.100.13-0.03-0.06
BRY
BERRY CORP (BRY)
$7.171,574,26468.84%7.638.088.007.417.6425.563.172.810.000.63-0.24-0.09-0.141.19
KGEI
KOLIBRI GLOBAL ENERGY INC
$3.10692-96.12%3.223.213.313.29N/A40.0818.4620.980.9311.38-0.03-0.02-0.010.59
INDO
INDONESIA ENERGY CORP LTD
$4.06216,083-59.31%4.104.193.312.973.2152.3329.8533.0827.4539.910.180.25-0.070.95
RRC
RANGE RESOURCES CORP
$36.772,155,1804.10%36.3536.3434.9432.5732.5856.1052.9145.9331.0224.840.400.51-0.111.07
AR
ANTERO RESOURCES CORP
$34.323,094,7424.31%33.8032.8529.9426.5126.2866.2470.7970.6714.5610.951.261.36-0.111.12
BTE
BAYTEX ENERGY CORP
$3.429,374,02623.51%3.573.663.613.413.7139.1611.7813.260.005.32-0.05-0.01-0.041.28
ERF
ENERPLUS CORP
$20.191,712,828-34.02%19.9220.0019.5717.4917.0657.8472.2267.9557.0052.570.130.15-0.021.26
VTS
VITESSE ENERGY INC
$23.93190,77612.68%23.6323.1923.3722.4022.8456.1264.9566.8562.0964.950.240.120.120.82
HUSA
HOUSTON AMERICAN ENERGY CORP
$1.40275,197-44.41%1.511.591.531.541.7641.007.2815.802.8815.29-0.04-0.01-0.030.16
EPM
EVOLUTION PETROLEUM CORP
$5.43211,184-52.87%5.515.595.825.756.4642.6723.0425.8738.4339.42-0.11-0.10-0.011.17
GRNT
GRANITE RIDGE RESOURCES INC
$6.63722,012138.08%6.476.546.466.126.3153.9743.3232.3545.6330.27-0.010.00-0.020.24
TALO
TALOS ENERGY INC
$12.142,267,83839.40%12.7613.1613.3813.2714.4031.518.5910.320.001.65-0.34-0.21-0.131.29
WDS
WOODSIDE ENERGY GROUP LTD
$18.64594,515-0.99%18.3518.3319.1219.8421.2349.7180.9283.9392.3194.40-0.18-0.290.120.53
BRN
BARNWELL INDUSTRIES INC
$2.7112,06497.41%2.762.812.592.492.5249.0923.4320.9014.5210.940.030.06-0.030.53
VET
VERMILION ENERGY INC
$12.09616,889-7.31%11.9511.8911.9611.5712.6953.3769.7968.4075.5673.540.01-0.010.021.49
TELL
TELLURIAN INC
$0.5131,457,3322.54%0.440.440.570.620.7853.9457.7240.9678.8264.56-0.02-0.040.011.65
OBE
OBSIDIAN ENERGY LTD
$7.55700,672232.06%7.908.208.097.437.4937.4414.9114.2811.1810.98-0.12-0.02-0.091.00
GFR
GREENFIRE RESOURCES LTD
$5.9747,479579.24%5.895.905.875.66N/A51.5456.5359.9176.9081.06-0.01-0.010.000.58
SWN
SOUTHWESTERN ENERGY CO
$7.6016,759,89519.47%7.317.397.346.996.7958.5055.3840.5147.9935.730.010.010.010.68
BATL
BATTALION OIL CORP
$5.6627,0721,376.92%5.575.415.686.696.4252.3165.9667.3772.6274.27-0.02-0.080.061.05
AMPY
AMPLIFY ENERGY CORP
$6.14338,401-44.36%6.686.956.696.376.5334.234.555.000.000.00-0.15-0.00-0.151.57
WTI
W&T OFFSHORE INC
$2.331,947,62935.67%2.352.352.502.753.3343.1765.3966.7090.9892.03-0.05-0.070.021.40
STR
SITIO ROYALTIES CORP
$23.78514,931-27.54%23.4123.5524.0823.1023.6150.8374.6166.7693.1693.31-0.11-0.190.080.80
EP
EMPIRE PETROLEUM CORP
$6.6136,006-29.13%6.535.825.616.407.5459.6873.8979.2465.4576.770.390.260.130.96
TPET
TRIO PETROLEUM CORP
$0.293,759,8629.86%0.350.360.250.220.3645.4215.2823.180.9810.190.020.03-0.02-1.44
GTE
GRAN TIERRA ENERGY INC
$9.21411,48784.26%9.098.707.736.536.4666.2786.3087.1148.6750.940.440.45-0.002.01
USEG
US ENERGY CORP
$1.1118,468-58.61%1.151.181.151.101.2141.2331.5234.3528.9723.62-0.01-0.00-0.010.62
CEI
CAMBER ENERGY INC
$0.179,112,512-33.67%0.170.170.190.190.2844.5228.0028.8857.1445.36-0.01-0.010.001.18
TXO
TXO PARTNERS LP
$21.86257,567176.59%19.5118.9818.4618.4219.2279.3091.9792.8098.2598.830.680.350.340.25
CRGY
CRESCENT ENERGY CO
$12.25832,801-16.07%11.7711.2811.3611.4411.7961.7586.0986.2683.4584.980.280.110.170.98
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
$15.37158,59177.08%15.8915.7415.2115.9016.3645.9414.8225.0411.7814.540.080.17-0.090.98
MNR
MACH NATURAL RESOURCES LP
$20.00166,808-34.41%20.2620.3419.7618.60N/A47.5323.9419.692.714.440.090.19-0.100.14
NEXT
NEXTDECADE CORP
$7.07980,218-57.10%6.706.505.945.405.2567.9356.1655.0944.5342.830.280.250.021.47

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 28.8% over the past year, overperforming other oil and gas stocks by 4 percentage points.

Chord Energy has an average 1 year price target of $216.00, an upside of 18.51% from Chord Energy's current stock price of $182.27.

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. Geopark (NYSE:GPRK)


Geopark (NYSE:GPRK) 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 21 out of 38 due diligence checks and has strong fundamentals. Geopark has seen its stock lose -3.23% over the past year, underperforming other oil and gas stocks by -28 percentage points.

Geopark has an average 1 year price target of $12.50, an upside of 26.39% from Geopark's current stock price of $9.89.

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. Diamondback Energy (NASDAQ:FANG)


Diamondback Energy (NASDAQ:FANG) is the third 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 52.56% over the past year, overperforming other oil and gas stocks by 28 percentage points.

Diamondback Energy has an average 1 year price target of $216.25, an upside of 9.92% from Diamondback Energy's current stock price of $196.74.

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.

What are the oil and gas stocks with highest dividends?

Out of 36 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 3.48%.

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 16.67%, which is 13 percentage points higher than the oil and gas industry average of 3.48%.

Sandridge Energy's dividend payout ratio of 290.8% 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 11.33%, which is 8 percentage points higher than the oil and gas industry average of 3.48%. Black Stone Minerals's dividend payout is not stable, having dropped more than 10% three 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 121% 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 -0.07% in the last day, and up 0.76% over the last week.

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

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 28.8% in the past year. It has overperformed other stocks in the oil and gas industry by 4 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 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 11.27% in the past year. It has underperformed other stocks in the oil and gas industry by -14 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 52.47% in the past year. It has overperformed other stocks in the oil and gas industry by 28 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 18% 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 13.83x.
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.