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	$7.68B	20.90%	15.20%	23.74%	24.50%	0.36	1.22	52.30%	26.30%	35.10%
GPRK	GEOPARK LTD	$532.25M	72.80%	11.30%	33.12%	21.90%	4.78	1.17	69.30%	14.70%	34.41%
MGY	MAGNOLIA OIL & GAS CORP	$5.35B	23.60%	14.70%	20.30%	23.10%	0.52	1.88	83.70%	31.60%	40.39%
SWN	SOUTHWESTERN ENERGY CO	$8.04B	24.70%	12.20%	15.17%	10.40%	1.04	0.82	34.20%	23.90%	23.87%
FANG	DIAMONDBACK ENERGY INC	$36.64B	19.70%	11.20%	15.73%	13.10%	0.70	0.77	78.70%	37.40%	50.29%
VIST	VISTA ENERGY SAB DE CV	$3.97B	36.60%	16.20%	25.34%	22.80%	1.08	1.19	84.90%	34.00%	48.53%
SBOW	SILVERBOW RESOURCES INC	$822.65M	29.90%	14.40%	18.56%	17.00%	1.30	1.05	77.60%	45.60%	70.74%
SM	SM ENERGY CO	$5.84B	24.10%	13.50%	17.50%	15.20%	0.76	1.45	76.30%	34.50%	42.37%
GPOR	GULFPORT ENERGY CORP	$2.79B	73.30%	43.70%	34.31%	31.00%	0.49	1.15	76.70%	70.00%	55.97%
RRC	RANGE RESOURCES CORP	$8.49B	25.10%	12.60%	18.49%	15.50%	0.91	1.49	58.10%	25.80%	36.28%
BSM	BLACK STONE MINERALS LP	$3.54B	43.90%	31.90%	34.27%	35.90%	0.05	7.48	88.50%	67.70%	71.82%
VTLE	VITAL ENERGY INC	$2.03B	37.60%	17.00%	14.53%	12.90%	0.85	0.62	73.30%	44.90%	42.75%
DMLP	DORCHESTER MINERALS LP	$1.33B	65.00%	62.60%	61.16%	88.10%	0.03	15.61	92.50%	67.40%	69.67%
DVN	DEVON ENERGY CORP	$33.45B	32.80%	15.70%	22.73%	18.80%	1.02	1.07	51.90%	24.60%	32.09%
PR	PERMIAN RESOURCES CORP	$13.65B	11.50%	4.60%	5.90%	6.70%	0.91	0.52	85.20%	15.30%	25.94%
TPL	TEXAS PACIFIC LAND CORP	$13.43B	43.60%	38.70%	46.54%	150.60%	0.11	19.43	86.60%	64.20%	81.95%
HES	HESS CORP	$46.57B	16.20%	6.00%	12.50%	9.60%	1.60	1.05	55.60%	13.00%	24.36%
PXD	PIONEER NATURAL RESOURCES CO	$62.84B	21.80%	13.50%	19.03%	16.90%	0.58	0.88	51.40%	25.30%	33.05%
PHX	PHX MINERALS INC	$122.05M	11.50%	8.70%	12.78%	11.30%	0.35	5.05	83.90%	31.30%	47.27%
NOG	NORTHERN OIL & GAS INC	$4.27B	62.40%	23.40%	27.73%	21.30%	1.19	1.32	76.60%	42.60%	52.46%
MUR	MURPHY OIL CORP	$7.10B	12.60%	6.60%	10.87%	8.60%	0.79	0.89	69.10%	19.10%	28.03%
EOG	EOG RESOURCES INC	$76.79B	28.20%	17.90%	24.73%	26.20%	0.56	2.44	63.70%	31.40%	40.67%
REPX	RILEY EXPLORATION PERMIAN INC	$584.87M	28.70%	13.10%	20.89%	16.80%	1.24	0.67	77.30%	29.80%	47.43%
EPSN	EPSILON ENERGY LTD	$116.36M	6.80%	5.70%	8.80%	9.90%	0.23	5.21	71.20%	22.60%	33.28%
MTDR	MATADOR RESOURCES CO	$8.08B	23.80%	12.10%	16.38%	14.20%	0.92	1.05	72.70%	30.10%	41.10%
CIVI	CIVITAS RESOURCES INC	$7.43B	14.00%	7.00%	9.65%	10.20%	1.28	1.16	73.70%	22.50%	33.98%
EGY	VAALCO ENERGY INC	$703.30M	13.20%	7.30%	22.51%	22.90%	0.72	1.79	66.30%	13.30%	34.41%
MRO	MARATHON OIL CORP	$16.61B	13.80%	7.80%	14.46%	10.00%	0.75	0.40	77.30%	23.20%	33.79%
COP	CONOCOPHILLIPS	$153.23B	22.80%	11.80%	19.87%	18.30%	0.95	1.43	45.80%	18.70%	29.14%
CNQ	CANADIAN NATURAL RESOURCES LTD	$83.15B	21.00%	10.90%	15.76%	13.70%	0.91	0.96	50.60%	22.90%	30.03%
AMPY	AMPLIFY ENERGY CORP	$277.87M	104.00%	51.90%	25.18%	21.80%	0.89	1.02	47.90%	122.00%	52.50%
APA	APA CORP	$10.01B	233.70%	20.70%	22.14%	17.00%	4.35	1.02	45.60%	34.90%	34.70%
CTRA	COTERRA ENERGY INC	$20.44B	12.70%	8.10%	11.74%	11.00%	0.57	1.21	69.20%	27.50%	37.22%
MXC	MEXCO ENERGY CORP	$34.36M	11.60%	10.90%	13.25%	16.20%	0.07	17.85	77.80%	28.40%	34.83%
CRK	COMSTOCK RESOURCES INC	$2.58B	9.10%	3.60%	7.45%	5.60%	1.64	0.68	55.90%	13.50%	26.53%
EQT	EQT CORP	$16.08B	13.10%	7.40%	10.00%	8.90%	0.71	0.99	65.10%	25.10%	33.64%
CNX	CNX RESOURCES CORP	$3.61B	43.40%	20.20%	30.32%	24.50%	0.98	0.51	84.20%	50.10%	68.89%
CPG	CRESCENT POINT ENERGY CORP	$5.28B	8.80%	5.20%	8.36%	7.70%	0.86	0.76	69.90%	16.90%	28.32%
PNRG	PRIMEENERGY RESOURCES CORP	$177.41M	18.70%	11.00%	15.53%	17.70%	0.79	0.49	61.80%	21.20%	26.17%
WTI	W&T OFFSHORE INC	$377.42M	51.60%	1.40%	8.76%	6.90%	34.71	1.22	46.70%	2.90%	14.76%
HPK	HIGHPEAK ENERGY INC	$1.94B	15.70%	7.50%	15.38%	13.40%	0.98	1.14	81.70%	19.40%	38.66%
CRC	CALIFORNIA RESOURCES CORP	$3.81B	26.60%	14.20%	23.77%	23.60%	0.80	1.51	56.70%	20.10%	28.70%
CHK	CHESAPEAKE ENERGY CORP	$11.45B	23.20%	16.80%	24.66%	22.90%	0.34	1.99	57.50%	27.70%	36.93%
KRP	KIMBELL ROYALTY PARTNERS LP	$1.50B	9.40%	5.10%	6.78%	6.40%	0.46	7.95	93.10%	20.50%	30.56%
DEC	DIVERSIFIED ENERGY CO PLC	$653.20M	350.00%	20.80%	35.28%	24.30%	4.91	0.48	23.40%	87.30%	115.21%
EPM	EVOLUTION PETROLEUM CORP	$197.06M	18.30%	12.90%	19.67%	21.30%	0.44	1.46	48.70%	17.30%	22.68%
REI	RING ENERGY INC	$407.74M	14.20%	7.90%	11.79%	9.10%	0.75	0.49	73.50%	29.00%	41.24%
BRY	BERRY CORP (BRY)	$632.80M	5.00%	2.40%	6.63%	5.00%	1.10	0.63	41.60%	4.10%	10.05%
SD	SANDRIDGE ENERGY INC	$545.75M	12.80%	10.40%	12.24%	23.00%	0.23	5.63	64.50%	40.90%	43.24%
PED	PEDEVCO CORP	$75.06M	0.30%	0.20%	0.26%	0.30%	0.22	1.30	68.10%	0.90%	0.86%
OVV	OVINTIV INC	$14.17B	22.50%	11.20%	16.68%	14.80%	0.93	0.60	46.90%	19.20%	26.33%
CLMT	CALUMET SPECIALTY PRODUCTS PARTNERS LP	$1.20B	-9.40%	1.70%	16.56%	7.70%	-6.11	0.71	10.80%	1.10%	6.49%
ERF	ENERPLUS CORP	$4.14B	38.50%	22.40%	36.79%	33.50%	0.69	0.80	60.40%	26.90%	34.53%
OXY	OCCIDENTAL PETROLEUM CORP	$60.10B	12.80%	5.20%	11.37%	8.80%	1.44	0.92	33.50%	13.00%	25.50%
MNR	MACH NATURAL RESOURCES LP	$1.93B	23.10%	4.30%	3.93%	4.50%	N/A	1.25	68.80%	9.00%	10.46%
BTE	BAYTEX ENERGY CORP	$3.00B	-5.70%	-3.10%	-4.70%	-3.60%	0.95	0.79	67.40%	-8.60%	-11.96%
TALO	TALOS ENERGY INC	$2.15B	9.00%	3.90%	7.08%	5.90%	1.24	0.73	73.10%	12.80%	20.57%
CKX	CKX LANDS INC	$26.90M	0.80%	0.80%	1.54%	3.00%	0.03	18.95	96.00%	9.60%	19.00%
GRNT	GRANITE RIDGE RESOURCES INC	$862.27M	12.40%	9.10%	12.82%	12.50%	0.38	2.44	77.60%	20.60%	28.14%
OBE	OBSIDIAN ENERGY LTD	$647.86M	6.60%	4.80%	7.11%	6.30%	0.37	0.41	135.60%	15.80%	20.98%
WDS	WOODSIDE ENERGY GROUP LTD	$36.55B	4.70%	2.90%	6.98%	7.00%	0.59	1.03	46.30%	11.90%	25.14%
BRN	BARNWELL INDUSTRIES INC	$27.38M	-14.70%	-7.70%	-9.79%	-11.30%	0.93	1.37	34.10%	-11.30%	-11.61%
INDO	INDONESIA ENERGY CORP LTD	$61.67M	-27.00%	-19.50%	-21.16%	-29.70%	0.19	5.19	14.60%	-102.10%	-102.14%
BATL	BATTALION OIL CORP	$87.22M	-19.20%	-3.30%	8.63%	6.00%	6.14	0.67	76.40%	-6.80%	13.71%
CRGY	CRESCENT ENERGY CO	$2.04B	4.80%	1.00%	3.91%	3.30%	1.86	0.82	54.70%	2.80%	9.93%
HUSA	HOUSTON AMERICAN ENERGY CORP	$25.19M	-26.50%	-25.50%	-31.70%	-42.00%	0.04	16.74	40.30%	-404.40%	-404.43%
VET	VERMILION ENERGY INC	$1.95B	-6.60%	-3.40%	-3.49%	-2.70%	1.06	1.18	61.20%	-11.80%	-9.62%
TXO	TXO PARTNERS LP	$552.89M	-16.30%	-12.20%	-15.17%	-12.30%	0.47	1.41	42.20%	-27.30%	-26.15%
TELL	TELLURIAN INC	$358.34M	-27.20%	-13.00%	-12.94%	-9.60%	1.12	0.66	52.90%	-100.00%	-89.17%
VTS	VITESSE ENERGY INC	$702.48M	-3.90%	-3.00%	6.47%	6.30%	0.40	0.97	73.90%	-9.20%	19.51%
GFR	GREENFIRE RESOURCES LTD	$435.88M	-17.70%	-11.60%	-0.58%	-0.50%	0.69	1.26	23.80%	-20.30%	-0.91%
STR	SITIO ROYALTIES CORP	$3.81B	-4.70%	-1.50%	0.03%	0.00%	0.72	4.85	100.00%	-13.10%	0.21%
KOS	KOSMOS ENERGY LTD	$2.85B	22.40%	4.40%	10.67%	7.20%	3.78	0.76	77.10%	12.50%	27.48%
AR	ANTERO RESOURCES CORP	$8.80B	3.50%	1.80%	3.59%	2.60%	0.92	0.33	37.60%	5.20%	9.33%
USEG	US ENERGY CORP	$34.95M	-49.00%	-31.10%	-46.32%	-31.40%	0.73	0.76	44.60%	-100.10%	-99.43%
EP	EMPIRE PETROLEUM CORP	$131.19M	-54.40%	-16.80%	-17.17%	-19.60%	1.65	0.75	21.00%	-31.10%	-28.95%
VIVK	VIVAKOR INC	$23.60M	-120.30%	-25.30%	-37.89%	-33.80%	3.76	0.27	9.60%	-31.20%	-30.72%
GTE	GRAN TIERRA ENERGY INC	$260.55M	-1.60%	-0.50%	15.19%	10.30%	2.35	0.43	68.40%	-1.00%	25.43%
CEI	CAMBER ENERGY INC	$30.53M	N/A	-48.90%	-44.69%	-65.30%	5.34	0.62	31.40%	-101.90%	-97.47%
SOC	SABLE OFFSHORE CORP	$654.01M	N/A	-20.80%	-3.83%	-21.50%	1.05	1.23	N/A	N/A	N/A
TPET	TRIO PETROLEUM CORP	$23.25M	-76.40%	-65.80%	-75.77%	-78.60%	0.25	0.25	N/A	N/A	N/A
KGEI	KOLIBRI GLOBAL ENERGY INC	$120.75M	N/A	N/A	N/A	N/A	0.28	0.35	N/A	N/A	N/A
NEXT	NEXTDECADE CORP	$1.60B	-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 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 29.1% over the past year, overperforming other oil and gas stocks by 14 percentage points.

Chord Energy has an average 1 year price target of $203.00, an upside of 9.55% from Chord Energy's current stock price of $185.31.

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 -16.78% 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 29.94% from Geopark's current stock price of $9.62.

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 22 points higher than the oil and gas industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Magnolia Oil & Gas has seen its stock return 15.02% over the past year.

Magnolia Oil & Gas has an average 1 year price target of $26.50, an upside of 1.18% from Magnolia Oil & Gas's current stock price of $26.19.

Magnolia Oil & Gas stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Magnolia Oil & Gas, 50% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 16.67% 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 25.9%, which is 22 percentage points higher than the oil and gas industry average of 3.57%.

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 12.08%, which is 9 percentage points higher than the oil and gas industry average of 3.57%. 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 10.57%, which is 7 percentage points higher than the oil and gas industry average of 3.57%. 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 -1.63% in the last day, and down -1.24% over the last week.

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

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 45 points higher than the oil and gas industry average of 41. It passed 6 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 29.1% in the past year. It has overperformed other stocks in the oil and gas industry by 14 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 45 points higher than the oil and gas industry average of 41. 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 -51 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 30 points higher than the oil and gas industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 7.32% in the past year. It has underperformed other stocks in the oil and gas industry by -8 percentage points.

Are oil and gas stocks a good buy now?

52.83% 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 13.11% 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 13.26x.

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. Sandridge Energy (NYSE:SD)

2. Black Stone Minerals (NYSE:BSM)

3. Kimbell Royalty Partners (NYSE:KRP)

1. Chord Energy (NASDAQ:CHRD)

2. Highpeak Energy (NASDAQ:HPK)

3. Chesapeake Energy (NASDAQ:CHK)

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