According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best oil stocks to buy right now are:
1. Geopark (NYSE:GPRK)
Geopark (NYSE:GPRK) is the #1 top oil and gas stock out of 73 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for Geopark (NYSE:GPRK) is: Value: B, Growth: C, Momentum: B, Sentiment: B, Safety: C, Financials: B, and AI: A.
Geopark (NYSE:GPRK) has a Due Diligence Score of 42, which is 13 points higher than the oil and gas industry average of 29.
GPRK passed 16 out of 38 due diligence checks and has strong fundamentals. Geopark has seen its stock return 38.31% over the past year, overperforming other oil and gas stocks by 30 percentage points.
2. Ring Energy (NYSEMKT:REI)
Ring Energy (NYSEMKT:REI) is the #2 top oil and gas stock out of 73 with a Zen Rating of B. Stocks with a rating of B have had an average return of +17.17% per year.
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The Component Grade breakdown for Ring Energy (NYSEMKT:REI) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: A.
Ring Energy (NYSEMKT:REI) has a Due Diligence Score of 16, which is -13 points lower than the oil and gas industry average of 29. Although this number is below the industry average, our proven quant model rates REI as a "B".
REI passed 5 out of 33 due diligence checks and has weak fundamentals. Ring Energy has seen its stock return 42.86% over the past year, overperforming other oil and gas stocks by 34 percentage points.
3. Chord Energy (NASDAQ:CHRD)
The Component Grade breakdown for Chord Energy (NASDAQ:CHRD) is: Value: C, Growth: B, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: A.
Chord Energy (NASDAQ:CHRD) has a Due Diligence Score of 27, which is -2 points lower than the oil and gas industry average of 29. Although this number is below the industry average, our proven quant model rates CHRD as a "B".
CHRD passed 9 out of 38 due diligence checks and has average fundamentals. Chord Energy has seen its stock return 10.81% over the past year, overperforming other oil and gas stocks by 2 percentage points.
Chord Energy has an average 1 year
price target of $155.73, an upside of 31.44% from Chord Energy's current stock price of $118.48.
Chord Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Chord Energy, 54.55% have issued a Strong Buy rating, 18.18% have issued a Buy, 27.27% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.