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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
OverviewZen Score
PriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
CHRD
CHORD ENERGY CORP
61
86
71
67
60
20
SM
SM ENERGY CO
57
71
71
44
40
60
GPRK
GEOPARK LTD
56
57
57
56
30
80
MGY
MAGNOLIA OIL & GAS CORP
55
57
71
56
50
40
SWN
SOUTHWESTERN ENERGY CO
54
71
57
56
30
–

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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Oil and Gas Stocks FAQ

What are the best oil and gas stocks to buy right now in Apr 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 61, which is 28 points higher than the oil and gas industry average of 33. It passed 24 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 24.05% over the past year, overperforming other oil and gas stocks by 10 percentage points.

Chord Energy has an average 1 year price target of $203.00, an upside of 13.63% from Chord Energy's current stock price of $178.65.

Chord Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Chord Energy, 83.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Sm Energy Co (NYSE:SM)


Sm Energy Co (NYSE:SM) is the second best oil and gas stock with a Zen Score of 57, which is 24 points higher than the oil and gas industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Sm Energy Co has seen its stock return 62.96% over the past year, overperforming other oil and gas stocks by 49 percentage points.

Sm Energy Co has an average 1 year price target of $50.56, an upside of 5.24% from Sm Energy Co's current stock price of $48.04.

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.

3. Geopark (NYSE:GPRK)


Geopark (NYSE:GPRK) is the third best oil and gas stock with a Zen Score of 56, which is 23 points higher than the oil and gas industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Geopark has seen its stock lose -16.08% over the past year, underperforming other oil and gas stocks by -30 percentage points.

Geopark has an average 1 year price target of $12.50, an upside of 28.07% from Geopark's current stock price of $9.76.

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.

What are the oil and gas stocks with highest dividends?

Out of 38 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. Sandridge Energy (NYSE:SD)


Sandridge Energy (NYSE:SD) has an annual dividend yield of 26.61%, which is 23 percentage points higher than the oil and gas industry average of 3.64%.

Sandridge Energy's dividend payout ratio of 224.2% indicates that its high dividend yield might not be sustainable for the long-term.

2. Black Stone Minerals (NYSE:BSM)


Black Stone Minerals (NYSE:BSM) has an annual dividend yield of 12.37%, which is 9 percentage points higher than the oil and gas industry average of 3.64%. Black Stone Minerals's dividend payout is not stable, having dropped more than 10% two 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 99.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. Kimbell Royalty Partners (NYSE:KRP)


Kimbell Royalty Partners (NYSE:KRP) has an annual dividend yield of 10.53%, which is 7 percentage points higher than the oil and gas industry average of 3.64%. Kimbell Royalty Partners's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Kimbell Royalty Partners's dividend has shown consistent growth over the last 10 years.

Kimbell Royalty Partners's dividend payout ratio of 186% 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 -0.5% in the last day, and down -3.83% over the last week. Trio Petroleum was the among the top losers in the oil & gas e&p industry, dropping -3.53% yesterday.

Trio Petroleum shares are trading lower on continued weakness after the company on Wednesday announced it entered into a securities purchase agreement with an institutional investor in the amount of $360,000.

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 86, which is 44 points higher than the oil and gas industry average of 42. It passed 6 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 24.05% in the past year. It has overperformed other stocks in the oil and gas industry by 10 percentage points.

2. Highpeak Energy (NASDAQ:HPK)


Highpeak Energy (NASDAQ:HPK) is the second most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Highpeak Energy has a valuation score of 86, which is 44 points higher than the oil and gas industry average of 42. It passed 6 out of 7 valuation due diligence checks.

Highpeak Energy's stock has dropped -36.44% in the past year. It has underperformed other stocks in the oil and gas industry by -50 percentage points.

3. Chesapeake Energy (NASDAQ:CHK)


Chesapeake Energy (NASDAQ:CHK) is the third most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Chesapeake Energy has a valuation score of 71, which is 29 points higher than the oil and gas industry average of 42. It passed 5 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 7.33% in the past year. It has underperformed other stocks in the oil and gas industry by -7 percentage points.

Are oil and gas stocks a good buy now?

50% 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 15.17% 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 13.12x.
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