According to Zen Score, the 3 best oil stocks to buy right now are:
1. Centennial Resource Development (NASDAQ:CDEV)
Centennial Resource Development (NASDAQ:CDEV) is the top oil and gas stock with a Zen Score of 73, which is 32 points higher than the oil and gas industry average of 41. It passed 24 out of 33 due diligence checks and has strong fundamentals. Centennial Resource Development has seen its stock return 54.93% over the past year, overperforming other oil and gas stocks by 9 percentage points.
Centennial Resource Development has an average 1 year
price target of $9.85, an upside of 42.55% from Centennial Resource Development's current stock price of $6.91.
Centennial Resource Development stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Centennial Resource Development, 37.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 12.5% have issued a Strong Sell.
2. Texas Pacific Land (NYSE:TPL)
Texas Pacific Land (NYSE:TPL) is the second best oil and gas stock with a Zen Score of 68, which is 27 points higher than the oil and gas industry average of 41. It passed 27 out of 38 due diligence checks and has strong fundamentals. Texas Pacific Land has seen its stock return 14.47% over the past year, underperforming other oil and gas stocks by -31 percentage points.
Texas Pacific Land has an average 1 year
price target of $800.00, a downside of -51.77% from Texas Pacific Land's current stock price of $1,658.85.
Texas Pacific Land stock has a consensus Sell recommendation according to Wall Street analysts. Of the 1 analyst covering Texas Pacific Land, 0% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 100% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Pdc Energy (NASDAQ:PDCE)
Pdc Energy (NASDAQ:PDCE) is the third best oil and gas stock with a Zen Score of 67, which is 26 points higher than the oil and gas industry average of 41. It passed 27 out of 38 due diligence checks and has strong fundamentals. Pdc Energy has seen its stock return 57.23% over the past year, overperforming other oil and gas stocks by 12 percentage points.
Pdc Energy has an average 1 year
price target of $87.80, an upside of 43.18% from Pdc Energy's current stock price of $61.32.
Pdc Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Pdc Energy, 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.