Sectors & Industries EnergyOil & 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

Overview Zen Score Price Valuation Financials

Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
CHRD	CHORD ENERGY CORP	$7.29B	20.90%	15.20%	23.74%	24.50%	0.36	1.22	52.30%	26.30%	35.10%
GPRK	GEOPARK LTD	$518.97M	72.80%	11.30%	33.12%	21.90%	4.78	1.17	69.30%	14.70%	34.41%
MGY	MAGNOLIA OIL & GAS CORP	$5.13B	23.60%	14.70%	20.30%	23.10%	0.52	1.88	83.70%	31.60%	40.39%
DVN	DEVON ENERGY CORP	$31.94B	28.60%	13.80%	20.44%	17.00%	1.04	1.04	50.60%	22.30%	29.53%
SM	SM ENERGY CO	$5.77B	21.40%	12.10%	15.60%	13.60%	0.73	1.48	76.30%	31.80%	38.74%
FANG	DIAMONDBACK ENERGY INC	$35.94B	19.60%	11.20%	15.60%	13.30%	0.69	0.92	77.60%	36.70%	49.37%
BSM	BLACK STONE MINERALS LP	$3.69B	43.90%	31.90%	34.27%	35.90%	0.05	7.48	88.50%	67.70%	71.82%
DMLP	DORCHESTER MINERALS LP	$1.24B	58.00%	55.80%	57.79%	77.20%	0.03	13.07	92.20%	65.10%	67.40%
NOG	NORTHERN OIL & GAS INC	$4.07B	34.60%	13.90%	19.44%	14.40%	1.32	0.96	72.20%	30.00%	41.29%
MXC	MEXCO ENERGY CORP	$25.74M	11.60%	10.90%	13.25%	16.20%	0.07	17.85	77.80%	28.40%	34.83%
COP	CONOCOPHILLIPS	$142.95B	21.80%	11.30%	19.17%	17.10%	0.93	1.35	45.90%	18.40%	28.39%
TPL	TEXAS PACIFIC LAND CORP	$12.92B	43.60%	38.70%	46.54%	150.60%	0.11	19.43	86.60%	64.20%	81.95%
PR	PERMIAN RESOURCES CORP	$13.07B	11.50%	4.60%	5.90%	6.70%	0.91	0.52	85.20%	15.30%	25.94%
APA	APA CORP	$10.86B	155.80%	19.30%	19.44%	14.60%	4.33	1.16	42.70%	34.00%	30.85%
EQT	EQT CORP	$17.78B	4.40%	2.60%	3.83%	3.20%	0.68	0.88	55.90%	11.00%	15.62%
VTLE	VITAL ENERGY INC	$1.89B	37.60%	17.00%	14.53%	12.90%	0.85	0.62	73.30%	44.90%	42.75%
PHX	PHX MINERALS INC	$126.54M	11.50%	8.70%	12.78%	11.30%	0.35	5.05	83.90%	31.30%	47.27%
CNQ	CANADIAN NATURAL RESOURCES LTD	$79.87B	18.80%	9.80%	14.68%	12.60%	0.92	0.88	50.20%	20.90%	27.84%
HES	HESS CORP	$48.79B	16.20%	6.00%	12.50%	9.60%	1.60	1.05	55.60%	13.00%	24.36%
REPX	RILEY EXPLORATION PERMIAN INC	$508.78M	28.70%	13.10%	20.89%	16.80%	1.24	0.67	77.30%	29.80%	47.43%
EPSN	EPSILON ENERGY LTD	$119.21M	6.80%	5.70%	8.80%	9.90%	0.23	5.21	71.20%	22.60%	33.28%
CHK	CHESAPEAKE ENERGY CORP	$11.36B	10.00%	7.40%	11.10%	10.40%	0.31	2.33	50.00%	16.40%	22.43%
EGY	VAALCO ENERGY INC	$647.53M	13.20%	7.30%	22.51%	22.90%	0.72	1.79	66.30%	13.30%	34.41%
MUR	MURPHY OIL CORP	$6.74B	10.50%	5.70%	9.44%	7.60%	0.79	0.93	68.60%	16.40%	24.47%
AMPY	AMPLIFY ENERGY CORP	$278.66M	104.00%	51.90%	25.18%	21.80%	0.89	1.02	47.90%	122.00%	52.50%
VIST	VISTA ENERGY SAB DE CV	$4.20B	29.70%	13.50%	20.29%	17.50%	1.14	0.89	49.60%	29.30%	39.06%
EOG	EOG RESOURCES INC	$74.72B	26.60%	16.90%	23.52%	24.90%	0.56	2.32	65.10%	30.30%	39.29%
MTDR	MATADOR RESOURCES CO	$7.90B	22.80%	11.50%	16.51%	13.60%	0.81	0.89	72.60%	28.90%	40.13%
MRO	MARATHON OIL CORP	$14.86B	12.80%	7.30%	12.52%	9.50%	0.77	0.55	76.50%	21.80%	32.06%
CRC	CALIFORNIA RESOURCES CORP	$3.58B	26.60%	14.20%	23.77%	23.60%	0.80	1.51	56.70%	20.10%	28.70%
CPG	CRESCENT POINT ENERGY CORP	$5.36B	8.80%	5.20%	8.36%	7.70%	0.86	0.76	69.90%	16.90%	28.32%
CTRA	COTERRA ENERGY INC	$20.98B	10.10%	6.40%	9.19%	8.80%	0.60	1.49	66.90%	23.30%	31.74%
SBOW	SILVERBOW RESOURCES INC	$791.69M	17.50%	8.20%	14.48%	11.30%	1.29	0.63	76.40%	24.40%	44.09%
PNRG	PRIMEENERGY RESOURCES CORP	$185.20M	18.70%	11.00%	15.53%	17.70%	0.79	0.49	61.80%	21.20%	26.17%
SD	SANDRIDGE ENERGY INC	$505.31M	12.80%	10.40%	12.24%	23.00%	0.23	5.63	64.50%	40.90%	43.24%
CIVI	CIVITAS RESOURCES INC	$7.56B	12.70%	5.80%	9.82%	8.70%	1.27	0.37	74.10%	18.20%	29.57%
REI	RING ENERGY INC	$376.07M	14.20%	7.90%	11.79%	9.10%	0.75	0.49	73.50%	29.00%	41.24%
EPM	EVOLUTION PETROLEUM CORP	$185.01M	18.30%	12.90%	19.67%	21.30%	0.44	1.46	48.70%	17.30%	22.68%
WTI	W&T OFFSHORE INC	$342.18M	51.60%	1.40%	8.76%	6.90%	34.71	1.22	46.70%	2.90%	14.76%
OVV	OVINTIV INC	$13.89B	22.50%	11.20%	16.68%	14.80%	0.93	0.60	46.90%	19.20%	26.33%
PED	PEDEVCO CORP	$86.32M	0.30%	0.20%	0.26%	0.30%	0.22	1.30	68.10%	0.90%	0.86%
BRY	BERRY CORP (BRY)	$615.51M	0.40%	0.20%	3.49%	2.60%	1.29	0.61	42.40%	0.40%	6.02%
KGEI	KOLIBRI GLOBAL ENERGY INC	$120.06M	11.70%	9.40%	12.17%	11.80%	0.32	0.37	88.30%	38.10%	49.42%
HPK	HIGHPEAK ENERGY INC	$1.83B	15.70%	7.50%	15.38%	13.40%	0.98	1.14	81.70%	19.40%	38.66%
CNX	CNX RESOURCES CORP	$3.57B	24.50%	11.90%	18.58%	14.90%	1.01	0.53	79.50%	40.00%	56.86%
DEC	DIVERSIFIED ENERGY CO PLC	$647.93M	350.00%	20.80%	35.28%	24.30%	4.91	0.48	23.40%	87.30%	115.21%
KRP	KIMBELL ROYALTY PARTNERS LP	$1.54B	6.10%	3.20%	5.56%	4.80%	0.47	8.48	92.70%	12.90%	22.97%
CRK	COMSTOCK RESOURCES INC	$2.92B	2.60%	1.00%	3.95%	2.90%	1.57	0.64	54.40%	4.30%	16.13%
GPOR	GULFPORT ENERGY CORP	$2.78B	44.70%	28.20%	18.79%	16.00%	0.47	1.05	69.20%	64.10%	40.78%
ERF	ENERPLUS CORP	$4.00B	38.50%	22.40%	36.79%	33.50%	0.69	0.80	60.40%	26.90%	34.53%
OXY	OCCIDENTAL PETROLEUM CORP	$56.63B	12.80%	5.20%	11.37%	8.80%	1.44	0.92	33.50%	13.00%	25.50%
MNR	MACH NATURAL RESOURCES LP	$1.94B	23.10%	4.30%	3.93%	4.50%	N/A	1.25	68.80%	9.00%	10.46%
BTE	BAYTEX ENERGY CORP	$2.90B	-5.70%	-3.10%	-4.70%	-3.60%	0.95	0.79	67.40%	-8.60%	-11.96%
TALO	TALOS ENERGY INC	$2.10B	9.00%	3.90%	7.08%	5.90%	1.24	0.73	73.10%	12.80%	20.57%
CLMT	CALUMET SPECIALTY PRODUCTS PARTNERS LP	$1.30B	-9.40%	1.70%	16.56%	7.70%	-6.11	0.71	10.80%	1.10%	6.49%
CKX	CKX LANDS INC	$27.43M	0.80%	0.80%	1.54%	3.00%	0.03	18.95	96.00%	9.60%	19.00%
AR	ANTERO RESOURCES CORP	$10.30B	0.90%	0.50%	1.74%	1.30%	0.89	0.29	32.80%	1.50%	4.82%
RRC	RANGE RESOURCES CORP	$8.66B	13.40%	6.80%	10.84%	9.10%	0.93	1.35	51.40%	17.00%	25.75%
INDO	INDONESIA ENERGY CORP LTD	$42.95M	-16.50%	-13.80%	-16.40%	-19.30%	0.21	3.77	16.30%	-75.00%	-74.96%
GRNT	GRANITE RIDGE RESOURCES INC	$841.40M	12.40%	9.10%	12.82%	12.50%	0.38	2.44	77.60%	20.60%	28.14%
SOWG	SOW GOOD INC	N/A	-91.70%	-23.20%	-7.77%	-6.90%	1.95	1.77	30.40%	-19.00%	-7.60%
HUSA	HOUSTON AMERICAN ENERGY CORP	$16.90M	-26.50%	-25.50%	-31.70%	-42.00%	0.04	16.74	40.30%	-404.40%	-404.43%
WDS	WOODSIDE ENERGY GROUP LTD	$34.14B	4.70%	2.90%	6.98%	7.00%	0.59	1.03	46.30%	11.90%	25.14%
BATL	BATTALION OIL CORP	$90.35M	-19.20%	-3.30%	8.63%	6.00%	6.14	0.67	76.40%	-6.80%	13.71%
BRN	BARNWELL INDUSTRIES INC	$26.78M	-14.70%	-7.70%	-9.79%	-11.30%	0.93	1.37	34.10%	-11.30%	-11.61%
TXO	TXO PARTNERS LP	$559.34M	-16.30%	-12.20%	-15.17%	-12.30%	0.47	1.41	42.20%	-27.30%	-26.15%
TELL	TELLURIAN INC	$359.58M	-30.00%	-14.30%	-14.84%	-10.70%	0.96	0.46	47.50%	-129.90%	-116.83%
VET	VERMILION ENERGY INC	$1.92B	-6.60%	-3.40%	-3.49%	-2.70%	1.06	1.18	61.20%	-11.80%	-9.62%
CRGY	CRESCENT ENERGY CO	$1.90B	4.80%	1.00%	3.91%	3.30%	1.86	0.82	54.70%	2.80%	9.93%
VTS	VITESSE ENERGY INC	$666.54M	-3.90%	-3.00%	6.47%	6.30%	0.40	0.97	73.90%	-9.20%	19.51%
GFR	GREENFIRE RESOURCES LTD	$397.44M	-17.70%	-11.60%	-0.58%	-0.50%	0.69	1.26	23.80%	-20.30%	-0.91%
OBE	OBSIDIAN ENERGY LTD	$616.85M	5.50%	4.00%	8.14%	7.40%	0.41	0.45	63.40%	13.30%	25.08%
SWN	SOUTHWESTERN ENERGY CO	$7.81B	-32.90%	-15.90%	-28.22%	-16.40%	1.38	0.62	28.00%	-32.90%	-40.59%
VIVK	VIVAKOR INC	$35.19M	-68.90%	-14.40%	-21.19%	-13.90%	3.14	0.13	8.50%	-18.10%	-11.16%
KOS	KOSMOS ENERGY LTD	$2.74B	22.40%	4.40%	10.67%	7.20%	3.78	0.76	77.10%	12.50%	27.48%
STR	SITIO ROYALTIES CORP	$3.60B	-4.70%	-1.50%	0.03%	0.00%	0.72	4.85	100.00%	-13.10%	0.21%
USEG	US ENERGY CORP	$29.13M	-49.00%	-31.10%	-46.32%	-31.40%	0.73	0.76	44.60%	-100.10%	-99.43%
EP	EMPIRE PETROLEUM CORP	$146.82M	-54.40%	-16.80%	-17.17%	-19.60%	1.65	0.75	21.00%	-31.10%	-28.95%
TPET	TRIO PETROLEUM CORP	$13.81M	-76.40%	-65.80%	-75.77%	-78.60%	0.25	0.25	N/A	N/A	N/A
GTE	GRAN TIERRA ENERGY INC	$270.71M	0.80%	0.20%	14.21%	10.20%	2.58	0.65	67.70%	0.50%	25.02%
CEI	CAMBER ENERGY INC	$25.32M	N/A	-48.90%	-44.69%	-65.30%	5.34	0.62	31.40%	-101.90%	-97.47%
SOC	SABLE OFFSHORE CORP	$646.19M	N/A	-20.80%	-3.83%	-21.50%	1.05	1.23	N/A	N/A	N/A
NEXT	NEXTDECADE CORP	$1.66B	-91.10%	-10.60%	-6.18%	-8.20%	8.97	0.57	N/A	N/A	N/A

Oil and Gas Stocks FAQ

What are the best oil and gas stocks to buy right now in May 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 32 points higher than the oil and gas industry average of 32. It passed 25 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 29.91% over the past year, overperforming other oil and gas stocks by 6 percentage points.

Chord Energy has an average 1 year price target of $208.17, an upside of 18.29% from Chord Energy's current stock price of $175.98.

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 24 points higher than the oil and gas industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Geopark has seen its stock lose -7.68% over the past year, underperforming other oil and gas stocks by -32 percentage points.

Geopark has an average 1 year price target of $12.50, an upside of 33.26% from Geopark's current stock price of $9.38.

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. Magnolia Oil & Gas (NYSE:MGY)

Magnolia Oil & Gas (NYSE:MGY) is the third best oil and gas stock with a Zen Score of 55, which is 23 points higher than the oil and gas industry average of 32. It passed 21 out of 38 due diligence checks and has strong fundamentals. Magnolia Oil & Gas has seen its stock return 26.44% over the past year, overperforming other oil and gas stocks by 3 percentage points.

Magnolia Oil & Gas has an average 1 year price target of $27.13, an upside of 8.02% from Magnolia Oil & Gas's current stock price of $25.11.

Magnolia Oil & Gas stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Magnolia Oil & Gas, 37.5% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 12.5% have issued a Strong Sell.

What are the oil and gas stocks with highest dividends?

Out of 37 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 3.72%.

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 27.97%, which is 24 percentage points higher than the oil and gas industry average of 3.72%.

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 11.59%, which is 8 percentage points higher than the oil and gas industry average of 3.72%. 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 0.78% in the last day, and down -4.01% over the last week. Civitas Resources was the among the top gainers in the oil & gas e&p industry, gaining 7.02% yesterday.

Civitas Resources shares are trading higher after the company reported better-than-expected Q1 sales results and reiterated FY23 sales volume guidance.

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 60 points higher than the oil and gas industry average of 40. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 29.91% in the past year. It has overperformed other stocks in the oil and gas industry by 6 percentage points.

2. Chesapeake Energy (NASDAQ:CHK)

Chesapeake Energy (NASDAQ:CHK) is the second most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Chesapeake Energy has a valuation score of 100, which is 60 points higher than the oil and gas industry average of 40. It passed 7 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 12.51% in the past year. It has underperformed other stocks in the oil and gas industry by -11 percentage points.

3. Amplify Energy (NYSE:AMPY)

Amplify Energy (NYSE:AMPY) is the third most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Amplify Energy has a valuation score of 71, which is 31 points higher than the oil and gas industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Amplify Energy's stock has gained 9.29% in the past year. It has underperformed other stocks in the oil and gas industry by -15 percentage points.

Are oil and gas stocks a good buy now?

49.06% 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 19.32% 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 16.09x.

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.

Sectors & Industries EnergyOil & 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.

Oil and Gas Stocks FAQ

1. Chord Energy (NASDAQ:CHRD)

2. Geopark (NYSE:GPRK)

3. Magnolia Oil & Gas (NYSE:MGY)

1. Mexco Energy (NYSEMKT:MXC)

2. Sandridge Energy (NYSE:SD)

3. Black Stone Minerals (NYSE:BSM)

1. Chord Energy (NASDAQ:CHRD)

2. Chesapeake Energy (NASDAQ:CHK)

3. Amplify Energy (NYSE:AMPY)

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