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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
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
CHRD
CHORD ENERGY CORP
$185.58$702.94-73.60%7.55x3.77x1.98x1.51x0.11x$914.18M11.87%$5.08B122.36$7.80B3.97
GPRK
GEOPARK LTD
$9.69$43.72-77.84%4.97x2.95x0.71x3.05x0.10x$101.90M19.01%$176.02M3.18$936.37M2.46
MGY
MAGNOLIA OIL & GAS CORP
$26.34$64.78-59.34%12.91x5.92x4.04x3.18x0.17x$397.11M8.01%$1.69B8.99$5.37B6.55
SBOW
SILVERBOW RESOURCES INC
$32.03$117.91-72.84%2.51xN/A1.15x0.68x0.23x-$578.40M-77.27%$1.19B50.89$2.03B2.98
SWN
SOUTHWESTERN ENERGY CO
$7.71$31.69-75.67%5.47x3.11x1.30x1.44x0.11x$469.00M5.53%$5.89B5.35$12.57B4.39
GPOR
GULFPORT ENERGY CORP
$163.28$4.29k-96.20%2.43x4.88x1.70x1.37x0.01x$188.48M6.19%$2.16B115.94$3.69B2.79
BSM
BLACK STONE MINERALS LP
$16.10$17.62-8.63%8.43x7.49x5.71x3.95x0.79x$501.51M14.83%$918.21M4.37$3.55B7.53
SM
SM ENERGY CO
$50.84$105.65-51.88%7.38x5.42x2.54x1.63x0.26x$475.05M7.87%$3.62B30.47$6.84B4.03
FANG
DIAMONDBACK ENERGY INC
$207.76$243.31-14.61%11.98x9.16x4.45x2.23x0.49x$1.21B3.22%$16.63B92.36$43.13B7.22
PR
PERMIAN RESOURCES CORP
$17.38$29.51-41.11%12.78x7.76x4.30x2.12x0.28x$535.29M3.99%$6.34B8.21$17.25B9.49
DVN
DEVON ENERGY CORP
$52.71$84.99-37.98%8.99x6.42x2.19x2.78x0.35x$2.62B7.84%$12.06B18.99$39.05B5.24
DMLP
DORCHESTER MINERALS LP
$33.05$24.4435.22%11.60xN/A7.83x7.05x1.31x$139.84M10.91%$185.56M4.78$1.26B8.98
TPL
TEXAS PACIFIC LAND CORP
$595.67$374.1359.22%33.84x20.82x21.73x13.14x0.75x$361.54M2.63%$1.04B45.27$12.98B24.38
COP
CONOCOPHILLIPS
$130.24$130.46-0.17%14.34x10.85x2.67x3.11x0.57x$8.72B5.57%$49.28B40.97$166.52B6.57
PXD
PIONEER NATURAL RESOURCES CO
$268.87$257.074.59%12.87x10.38x3.25x2.71x0.66x$3.70B5.88%$23.17B99.02$67.83B7.32
MXC
MEXCO ENERGY CORP
$12.40$16.03-22.64%13.33xN/A3.72x1.49x0.40x$3.83M14.67%$17.42M8.28$22.47M5.23
VTLE
VITAL ENERGY INC
$55.18$544.67-89.87%1.61x1.16x0.72x0.73x0.05x-$665.57M-59.55%$2.79B137.52$3.76B3.34
EQT
EQT CORP
$40.61$27.4747.85%27.26x6.05x3.15x1.18x0.74x$613.02M3.44%$15.16B34.51$23.13B8.47
HES
HESS CORP
$162.53$162.490.02%35.96x12.63x4.67x5.56x0.41x-$166.00M-0.33%$8.99B29.38$57.83B12.47
PHX
PHX MINERALS INC
$3.40$7.34-53.68%8.72x5.76x2.75x1.03x0.23x-$5.89M-4.82%$123.23M3.43$160.16M5.41
NOG
NORTHERN OIL & GAS INC
$43.27$86.03-49.71%4.29x3.89x1.83x2.13x0.49x-$661.93M-16.72%$2.05B22.38$6.19B3.82
MUR
MURPHY OIL CORP
$46.44$100.47-53.78%10.90x6.27x2.08x1.32x0.21x$750.08M10.40%$5.36B34.55$8.87B4.84
EOG
EOG RESOURCES INC
$135.70$98.8837.24%10.38x9.72x3.26x2.80x1.75x$5.30B6.72%$28.09B48.35$77.55B5.82
REPX
RILEY EXPLORATION PERMIAN INC
$26.76$68.25-60.79%4.73xN/A1.41x1.29x0.25x$65.89M12.50%$421.60M21.40$886.54M3.65
CNQ
CANADIAN NATURAL RESOURCES LTD
$77.97$77.260.92%14.06x10.78x3.16x2.85x0.58x$5.47B6.55%$29.29B27.31$90.91B7.18
MRO
MARATHON OIL CORP
$27.77$59.31-53.18%10.85x6.31x2.52x1.43x0.21x$2.03B12.04%$11.21B18.46$21.30B4.76
EPSN
EPSILON ENERGY LTD
$5.43$2.12156.51%17.52xN/A3.98x1.18x4.58x-$445.28k-0.37%$100.61M4.47$106.15M5.93
EGY
VAALCO ENERGY INC
$6.39N/AN/A11.41xN/A1.49x1.38xN/A$126.37M18.59%$478.78M4.50$627.81M2.31
AMPY
AMPLIFY ENERGY CORP
$7.46$140.67-94.70%0.77xN/A0.94x0.75x0.03x$110.21M37.92%$391.04M10.04$393.79M2.08
CIVI
CIVITAS RESOURCES INC
$74.01$54.7235.25%8.14xN/A1.83x1.21x5.36x$820.08M12.85%$6.18B71.68$11.23B4.77
CTRA
COTERRA ENERGY INC
$28.29N/AN/A13.22x10.29x3.62x1.63xN/A$1.60B7.48%$13.04B17.25$22.47B5.85
VIST
VISTA ENERGY SAB DE CV
$43.04N/AN/A11.80x17.15x3.54x3.21xN/A-$110.92M-2.65%$1.30B13.43$4.76B6.29
BRY
BERRY CORP (BRY)
$8.74$25.16-65.26%17.84x3.74x0.74x0.88x0.14x$117.59M17.62%$757.98M9.93$1.09B4.34
RRC
RANGE RESOURCES CORP
$37.31$71.12-47.54%18.56x6.65x3.17x2.37x0.22x$254.00M2.83%$3.83B15.91$10.62B9.83
MTDR
MATADOR RESOURCES CO
$65.61N/AN/A8.94x7.07x2.59x1.85xN/A$247.23M3.15%$4.42B36.91$10.08B4.99
CRK
COMSTOCK RESOURCES INC
$10.32$53.51-80.71%13.58x2.62x1.83x1.22x0.07x-$366.95M-12.85%$2.36B8.52$5.57B5.44
APA
APA CORP
$32.49$101.01-67.83%3.51x2.96x1.22x3.69x0.23x$772.00M7.71%$2.66B8.62$14.91B3.40
PNRG
PRIMEENERGY RESOURCES CORP
$101.97$148.85-31.49%6.71xN/A1.42x1.13x0.55x$3.32M1.76%$160.95M87.01$171.49M2.61
HPK
HIGHPEAK ENERGY INC
$15.02$38.99-61.48%9.16xN/A1.59x1.24x0.18x-$369.55M-20.86%$1.55B13.16$2.89B3.38
CHK
CHESAPEAKE ENERGY CORP
$92.06N/AN/A5.06x5.19x1.40x1.12xN/A$3.08B25.22%$10.73B80.77$12.92B2.72
CRC
CALIFORNIA RESOURCES CORP
$54.90$52.015.56%6.78xN/A1.36x1.71x2.55x$468.00M12.25%$2.22B31.88$3.85B3.74
KRP
KIMBELL ROYALTY PARTNERS LP
$16.13$11.9634.92%17.34xN/A3.65x2.27x0.82x-$316.54M-29.47%$671.57M10.08$1.79B9.60
REI
RING ENERGY INC
$2.00$7.18-72.16%3.64xN/A1.10x0.50x0.17x$56.34M14.25%$786.58M3.97$825.59M3.48
WTI
W&T OFFSHORE INC
$2.35$9.72-75.82%21.36x3.01x0.65x11.06x0.09x$34.25M9.96%$31.19M0.21$557.96M2.51
EPM
EVOLUTION PETROLEUM CORP
$5.79N/AN/A11.58xN/A1.96x2.22xN/A$25.10M13.26%$87.44M2.68$185.35M4.88
SD
SANDRIDGE ENERGY INC
$14.55N/AN/A8.82xN/A3.62x1.15xN/A$89.17M16.59%$468.11M12.67$285.87M3.31
CPG
CRESCENT POINT ENERGY CORP
$9.07N/AN/A11.66xN/A2.25x1.11xN/A-$1.51B-26.82%$5.09B8.21$8.33B5.51
PED
PEDEVCO CORP
$0.97N/AN/AN/AN/A2.74x0.88xN/A-$11.15M-13.20%$98.77M1.14$68.48M6.09
CNX
CNX RESOURCES CORP
$24.00$112.93-78.75%3.80x8.25x1.45x0.85x0.11x$73.36M2.00%$4.31B28.12$6.08B3.21
ERF
ENERPLUS CORP
$20.51$19.127.27%9.50xN/A2.48x3.42x0.99x$391.55M9.33%$1.23B6.00$4.34B4.51
OVV
OVINTIV INC
$53.26N/AN/A6.64x4.33x1.27x1.38xN/A$1.42B10.28%$10.37B39.90$21.01B4.48
DEC
DIVERSIFIED ENERGY CO PLC
$14.50N/AN/A0.90xN/A0.79x1.19xN/A$77.63M11.35%$585.81M12.42$1.99B1.62
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
$15.52$24.94-37.78%26.31x5.09x0.30x-2.54x0.25x-$286.70M-23.07%-$490.30M-6.12$3.43B8.20
MNR
MACH NATURAL RESOURCES LP
$20.70N/AN/A28.75xN/A2.58xN/AN/A$180.28M9.18%$0.000.00$2.64B12.14
BTE
BAYTEX ENERGY CORP
$3.93N/AN/A-16.11xN/A1.38x1.14xN/A$177.49M6.41%$2.83B4.02$5.00B9.32
TALO
TALOS ENERGY INC
$13.94N/AN/A8.94xN/A1.15x1.03xN/A$18.27M1.09%$2.16B17.98$3.12B2.97
CKX
CKX LANDS INC
$14.44N/AN/A206.29xN/A19.20x1.57xN/A$1.01M3.53%$18.32M9.28$19.68M68.55
OXY
OCCIDENTAL PETROLEUM CORP
$67.78$54.9623.33%16.06x12.67x2.06x1.97x0.75x$6.06B10.17%$30.25B34.40$79.10B5.55
INDO
INDONESIA ENERGY CORP LTD
$4.35N/AN/A-16.73xN/A12.50x3.02xN/A-$3.40M-7.70%$14.69M1.45$41.90M-30.09
GRNT
GRANITE RIDGE RESOURCES INC
$6.63N/AN/A10.87xN/A2.24x1.29xN/A-$56.27M-6.38%$671.65M5.05$964.45M3.55
AR
ANTERO RESOURCES CORP
$33.80$2.681,161.19%160.95x6.32x2.34x1.49x7.75x-$90.57M-0.88%$7.05B23.12$14.95B16.42
OBE
OBSIDIAN ENERGY LTD
$8.98N/AN/A9.12xN/A1.43x0.57xN/A$44.15M6.08%$1.22B15.05$865.26M3.29
HUSA
HOUSTON AMERICAN ENERGY CORP
$1.67N/AN/A-5.57xN/A22.57x1.82xN/A$263.19k1.44%$10.00M0.93$14.30M-4.80
BATL
BATTALION OIL CORP
$5.30N/AN/A-5.76xN/A0.39x1.28xN/A-$23.92M-27.45%$68.02M4.14$221.07M2.54
WDS
WOODSIDE ENERGY GROUP LTD
$18.35N/AN/A20.97xN/A2.49x1.01xN/A$854.00M2.45%$34.40B18.12$39.71B5.19
BRN
BARNWELL INDUSTRIES INC
$2.95N/AN/A-10.93xN/A1.23x1.63xN/A-$2.89M-9.80%$18.15M1.82$26.40M11.22
VET
VERMILION ENERGY INC
$12.09N/AN/A-11.34xN/A1.34x0.88xN/A$319.37M16.14%$2.23B13.62$2.55B5.81
CRGY
CRESCENT ENERGY CO
$10.83N/AN/A10.62xN/A0.78x1.14xN/A$383.37M20.72%$1.70B9.98$3.65B4.00
TXO
TXO PARTNERS LP
$18.75N/AN/A-5.45xN/A1.49x1.22xN/A$30.93M5.45%$473.80M15.66$600.16M-10.86
TELL
TELLURIAN INC
$0.47N/AN/A-1.61x-5.84x1.59x0.58xN/A-$328.69M-124.41%$624.92M1.11$772.44M-15.54
VTS
VITESSE ENERGY INC
$22.94N/AN/A-31.42xN/A2.90x1.24xN/A$21.28M3.14%$546.41M18.49$756.12M5.94
GFR
GREENFIRE RESOURCES LTD
$6.09N/AN/A-3.33xN/A0.85x0.82xN/A$28.77M6.88%$511.03M7.45$624.32M13.54
KOS
KOSMOS ENERGY LTD
$5.88N/AN/A12.78x3.92x1.59x2.69xN/A-$167.43M-6.19%$1.03B2.25$5.06B5.49
STR
SITIO ROYALTIES CORP
$23.86N/AN/A-119.30x9.70x3.27x2.34xN/A$430.25M22.19%$1.61B19.78$4.61B15.76
USEG
US ENERGY CORP
$1.17N/AN/A-0.91xN/A0.92x0.64xN/A$8.30M28.03%$46.52M1.84$32.08M-1.55
TPET
TRIO PETROLEUM CORP
$0.37N/AN/A-1.31xN/AN/A1.50xN/A-$9.62M-82.61%$9.04M0.29$14.51M-2.03
VIVK
VIVAKOR INC
$1.35N/AN/A-2.41xN/A0.44x2.18xN/A-$4.09M-15.70%$17.20M0.89$70.09M-26.08
EP
EMPIRE PETROLEUM CORP
$4.96N/AN/A-9.02xN/A2.81x3.64xN/A-$27.43M-24.35%$34.96M1.54$125.98M-15.59
GTE
GRAN TIERRA ENERGY INC
$8.37N/AN/A-44.05xN/A0.44x0.68xN/A$9.11M3.25%$396.39M11.84$762.90M1.99
CEI
CAMBER ENERGY INC
$0.17N/AN/A-0.37xN/A0.38x1.77xN/A-$4.84M-39.53%$14.49M0.20$72.98M-2.52
KGEI
KOLIBRI GLOBAL ENERGY INC
$3.14N/AN/AN/AN/AN/A0.68xN/AN/AN/A$165.31M4.64$136.64MN/A
SOC
SABLE OFFSHORE CORP
$10.59N/AN/AN/AN/AN/A1.83xN/A-$55.49M-8.71%$348.64M5.80$637.16M-57.87
NEXT
NEXTDECADE CORP
$6.40N/AN/A-6.81x-4.03xN/A5.71xN/A-$1.81B-145.44%$287.92M1.48$3.31B-19.70

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 64, which is 31 points higher than the oil and gas industry average of 33. It passed 25 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 35.28% over the past year, overperforming other oil and gas stocks by 11 percentage points.

Chord Energy has an average 1 year price target of $204.83, an upside of 10.37% from Chord Energy's current stock price of $185.58.

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. Geopark (NYSE:GPRK)


Geopark (NYSE:GPRK) is the second 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 -10.03% over the past year, underperforming other oil and gas stocks by -35 percentage points.

Geopark has an average 1 year price target of $12.50, an upside of 29% from Geopark's current stock price of $9.69.

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. Silverbow Resources (NYSE:SBOW)


Silverbow Resources (NYSE:SBOW) is the third best oil and gas stock with a Zen Score of 55, which is 22 points higher than the oil and gas industry average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Silverbow Resources has seen its stock return 44.6% over the past year, overperforming other oil and gas stocks by 20 percentage points.

Silverbow Resources has an average 1 year price target of $40.80, an upside of 27.38% from Silverbow Resources's current stock price of $32.03.

Silverbow Resources stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Silverbow Resources, 80% have issued a Strong Buy rating, 0% have issued a Buy, 20% 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. 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 3.6%.

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 26.19%, which is 23 percentage points higher than the oil and gas industry average of 3.6%.

Sandridge Energy's dividend payout ratio of 224.2% 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 11.8%, which is 8 percentage points higher than the oil and gas industry average of 3.6%. 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.

Why are oil and gas stocks up?

Oil and gas stocks were up 0.24% in the last day, and up 2.36% over the last week.

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

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 58 points higher than the oil and gas industry average of 42. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 35.28% in the past year. It has overperformed other stocks in the oil and gas industry by 11 percentage points.

2. Berry (NASDAQ:BRY)


Berry (NASDAQ:BRY) is the second most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Berry 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.

Berry's stock has gained 18.91% in the past year. It has underperformed other stocks in the oil and gas industry by -6 percentage points.

3. Highpeak Energy (NASDAQ:HPK)


Highpeak Energy (NASDAQ:HPK) is the third 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 -21.05% in the past year. It has underperformed other stocks in the oil and gas industry by -46 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 12.89% 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 15.54x.
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.