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. Ring Energy (NYSEMKT:REI)
Ring Energy (NYSEMKT:REI) 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 +32.52% per year.
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The Component Grade breakdown for Ring Energy (NYSEMKT:REI) is: Value: B, Growth: C, Momentum: B, Sentiment: A, 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 "A".
REI passed 5 out of 33 due diligence checks and has weak fundamentals. Ring Energy has seen its stock return 85.23% over the past year, overperforming other oil and gas stocks by 67 percentage points.
2. Chord Energy (NASDAQ:CHRD)
The Component Grade breakdown for Chord Energy (NASDAQ:CHRD) is: Value: C, Growth: B, Momentum: B, Sentiment: C, Safety: C, Financials: C, and AI: C.
Chord Energy (NASDAQ:CHRD) has a Due Diligence Score of 29, which is equal to the oil and gas industry average of 29.
CHRD passed 10 out of 38 due diligence checks and has average fundamentals. Chord Energy has seen its stock return 59.71% over the past year, overperforming other oil and gas stocks by 41 percentage points.
Chord Energy has an average 1 year
price target of $156.00, an upside of 9.21% from Chord Energy's current stock price of $142.85.
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.
3. Eog Resources (NYSE:EOG)
Eog Resources (NYSE:EOG) is the #3 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 +19.88% per year.
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The Component Grade breakdown for Eog Resources (NYSE:EOG) is: Value: C, Growth: C, Momentum: B, Sentiment: C, Safety: C, Financials: A, and AI: B.
Eog Resources (NYSE:EOG) has a Due Diligence Score of 42, which is 13 points higher than the oil and gas industry average of 29.
EOG passed 15 out of 38 due diligence checks and has strong fundamentals. Eog Resources has seen its stock return 27.47% over the past year, overperforming other oil and gas stocks by 9 percentage points.
Eog Resources has an average 1 year
price target of $150.21, an upside of 7.31% from Eog Resources's current stock price of $139.98.
Eog Resources stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Eog Resources, 28.57% have issued a Strong Buy rating, 7.14% have issued a Buy, 64.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.