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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
CHRD
CHORD ENERGY CORP
$7.77B$187.42$203.008.31%Strong Buy611.41%73.32%N/AN/A
GPRK
GEOPARK LTD
$544.42M$9.84$11.0011.79%Strong Buy16.37%53.76%N/AN/A
MGY
MAGNOLIA OIL & GAS CORP
$5.47B$26.80$25.83-3.61%Buy66.63%83.38%N/AN/A
SWN
SOUTHWESTERN ENERGY CO
$8.14B$7.39$8.1510.34%Buy98.30%48.53%N/AN/A
FANG
DIAMONDBACK ENERGY INC
$37.16B$208.26$202.39-2.82%Strong Buy1827.01%27.12%N/AN/A
SBOW
SILVERBOW RESOURCES INC
$860.03M$33.82$40.8020.64%Strong Buy537.05%N/AN/AN/A
VIST
VISTA ENERGY SAB DE CV
$4.13B$43.34N/AN/AN/AN/A30.94%-57.01%N/AN/A
SM
SM ENERGY CO
$5.98B$51.70$49.13-4.98%Strong Buy83.68%31.25%N/AN/A
RRC
RANGE RESOURCES CORP
$8.72B$36.03$35.23-2.22%Hold130.10%38.59%N/AN/A
GPOR
GULFPORT ENERGY CORP
$2.87B$157.69$169.507.49%Buy4-13.42%N/AN/AN/A
BSM
BLACK STONE MINERALS LP
$3.65B$16.24$18.5013.92%Buy2-2.18%11.86%N/AN/A
VTLE
VITAL ENERGY INC
$2.10B$57.13$58.332.11%Buy910.10%32.99%N/AN/A
PR
PERMIAN RESOURCES CORP
$13.75B$17.81$18.503.87%Strong Buy1226.53%51.46%N/AN/A
DVN
DEVON ENERGY CORP
$34.23B$53.90$59.079.59%Strong Buy141.06%25.76%N/AN/A
DMLP
DORCHESTER MINERALS LP
$1.35B$34.16N/AN/AN/AN/AN/AN/AN/AN/A
TPL
TEXAS PACIFIC LAND CORP
$13.84B$601.52$694.1715.40%Buy213.13%50.04%N/AN/A
HES
HESS CORP
$48.42B$157.64$175.7011.46%Buy1010.03%87.03%N/AN/A
PHX
PHX MINERALS INC
$125.42M$3.35$4.9046.27%Strong Buy2-2.49%42.33%N/AN/A
PXD
PIONEER NATURAL RESOURCES CO
$64.19B$274.74$260.40-5.22%Hold108.54%21.64%N/AN/A
NOG
NORTHERN OIL & GAS INC
$4.30B$42.64$45.446.58%Buy93.41%9.64%N/AN/A
EOG
EOG RESOURCES INC
$79.62B$137.27$143.614.62%Buy183.81%6.59%N/AN/A
REPX
RILEY EXPLORATION PERMIAN INC
$603.43M$29.58$53.0079.18%Strong Buy17.72%N/AN/AN/A
MUR
MURPHY OIL CORP
$7.29B$47.70$51.257.44%Strong Buy81.36%57.44%N/AN/A
MXC
MEXCO ENERGY CORP
$27.69M$13.20N/AN/AN/AN/AN/AN/AN/AN/A
CTRA
COTERRA ENERGY INC
$20.93B$27.84$32.2715.90%Strong Buy156.38%-29.50%N/AN/A
CIVI
CIVITAS RESOURCES INC
$7.60B$75.22$94.2025.23%Strong Buy520.31%N/AN/AN/A
MRO
MARATHON OIL CORP
$17.00B$29.46$33.0912.34%Strong Buy161.41%56.12%N/AN/A
EGY
VAALCO ENERGY INC
$738.41M$7.15N/AN/AN/AN/A-5.45%N/AN/AN/A
MTDR
MATADOR RESOURCES CO
$8.31B$69.56$73.275.34%Strong Buy1111.48%-9.23%N/AN/A
CNQ
CANADIAN NATURAL RESOURCES LTD
$87.53B$81.62$102.0024.97%Hold11.19%26.82%N/AN/A
AMPY
AMPLIFY ENERGY CORP
$283.00M$7.17$9.0025.52%Strong Buy1N/AN/AN/AN/A
COP
CONOCOPHILLIPS
$156.37B$132.92$141.836.71%Strong Buy122.84%28.19%N/AN/A
APA
APA CORP
$10.38B$34.40$41.6721.13%Buy188.83%17.20%N/AN/A
CRK
COMSTOCK RESOURCES INC
$2.66B$9.57$9.40-1.78%Hold514.99%206.08%N/AN/A
EPSN
EPSILON ENERGY LTD
$119.43M$5.45N/AN/AN/AN/AN/AN/AN/AN/A
PNRG
PRIMEENERGY RESOURCES CORP
$183.31M$100.69N/AN/AN/AN/AN/AN/AN/AN/A
EQT
EQT CORP
$16.51B$37.49$43.1515.11%Buy136.06%-5.65%N/AN/A
CNX
CNX RESOURCES CORP
$3.70B$24.40$24.00-1.64%Hold5-27.38%N/AN/AN/A
WTI
W&T OFFSHORE INC
$378.89M$2.58$7.90206.20%Strong Buy16.09%263.07%N/AN/A
HPK
HIGHPEAK ENERGY INC
$1.96B$15.26$10.00-34.47%Strong Sell1-2.59%N/AN/AN/A
CHK
CHESAPEAKE ENERGY CORP
$11.51B$87.98$101.0014.80%Buy9-28.68%-2.67%N/AN/A
CRC
CALIFORNIA RESOURCES CORP
$3.92B$56.54$63.6012.49%Buy513.73%N/AN/AN/A
REI
RING ENERGY INC
$419.62M$2.12N/AN/AN/AN/AN/AN/AN/AN/A
DEC
DIVERSIFIED ENERGY CO PLC
$679.08M$14.17N/AN/AN/AN/A6.00%N/AN/AN/A
EPM
EVOLUTION PETROLEUM CORP
$198.73M$5.94$8.2538.89%Strong Buy1N/AN/AN/AN/A
SD
SANDRIDGE ENERGY INC
$559.11M$15.07N/AN/AN/AN/AN/AN/AN/AN/A
CPG
CRESCENT POINT ENERGY CORP
$5.50B$8.87N/AN/AN/AN/A12.07%N/AN/AN/A
BRY
BERRY CORP (BRY)
$661.04M$8.66$8.00-7.62%Hold1-11.73%131.00%N/AN/A
KRP
KIMBELL ROYALTY PARTNERS LP
$1.54B$16.29$20.5025.84%Strong Buy49.71%N/AN/AN/A
PED
PEDEVCO CORP
$71.04M$0.80N/AN/AN/AN/AN/AN/AN/AN/A
OVV
OVINTIV INC
$14.79B$54.86$57.785.32%Buy91.31%-11.76%N/AN/A
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
$1.24B$15.43$17.0010.17%Strong Buy16.32%105.10%N/AN/A
ERF
ENERPLUS CORP
$4.18B$20.66$22.006.49%Buy1N/AN/AN/AN/A
OXY
OCCIDENTAL PETROLEUM CORP
$60.91B$69.26$75.468.94%Buy116.10%23.92%N/AN/A
MNR
MACH NATURAL RESOURCES LP
$1.91B$20.14$26.0029.10%Strong Buy216.77%N/AN/AN/A
BTE
BAYTEX ENERGY CORP
$3.15B$3.83N/AN/AN/AN/A47.30%N/AN/AN/A
TALO
TALOS ENERGY INC
$2.25B$14.19$19.5838.01%Strong Buy615.30%N/AN/AN/A
CKX
CKX LANDS INC
$26.96M$13.54N/AN/AN/AN/AN/AN/AN/AN/A
GRNT
GRANITE RIDGE RESOURCES INC
$893.58M$6.85$9.0031.39%Strong Buy1N/AN/AN/AN/A
INDO
INDONESIA ENERGY CORP LTD
$27.79M$2.74N/AN/AN/AN/AN/AN/AN/AN/A
OBE
OBSIDIAN ENERGY LTD
$671.92M$8.66N/AN/AN/AN/AN/AN/AN/AN/A
HUSA
HOUSTON AMERICAN ENERGY CORP
$17.45M$1.60N/AN/AN/AN/AN/AN/AN/AN/A
WDS
WOODSIDE ENERGY GROUP LTD
$37.67B$19.84N/AN/AN/AN/AN/AN/AN/AN/A
BRN
BARNWELL INDUSTRIES INC
$25.47M$2.54N/AN/AN/AN/AN/AN/AN/AN/A
BATL
BATTALION OIL CORP
$91.00M$5.53N/AN/AN/AN/AN/AN/AN/AN/A
TELL
TELLURIAN INC
$397.46M$0.51N/AN/AN/AN/A16.10%N/AN/AN/A
VET
VERMILION ENERGY INC
$2.03B$12.48N/AN/AN/AN/A4.88%N/AN/AN/A
TXO
TXO PARTNERS LP
$564.88M$18.37$26.0041.54%Strong Buy2-12.69%N/AN/AN/A
CRGY
CRESCENT ENERGY CO
$2.13B$11.85$16.1436.23%Strong Buy71.99%N/AN/AN/A
STR
SITIO ROYALTIES CORP
$3.94B$25.01$29.0015.95%Buy55.94%N/AN/AN/A
VTS
VITESSE ENERGY INC
$690.40M$23.44$28.5021.59%Strong Buy39.47%N/AN/AN/A
GFR
GREENFIRE RESOURCES LTD
$435.88M$6.35N/AN/AN/AN/AN/AN/AN/AN/A
AR
ANTERO RESOURCES CORP
$9.16B$30.18$29.89-0.96%Buy96.19%-22.99%N/AN/A
KOS
KOSMOS ENERGY LTD
$2.98B$6.33$10.0057.98%Strong Buy15.93%N/AN/AN/A
USEG
US ENERGY CORP
$31.15M$1.23$2.0062.60%Strong Buy1N/AN/AN/AN/A
EP
EMPIRE PETROLEUM CORP
$144.77M$5.65N/AN/AN/AN/AN/AN/AN/AN/A
TPET
TRIO PETROLEUM CORP
$8.53M$0.23N/AN/AN/AN/AN/AN/AN/AN/A
VIVK
VIVAKOR INC
$21.24M$0.81N/AN/AN/AN/AN/AN/AN/AN/A
GTE
GRAN TIERRA ENERGY INC
$263.78M$8.18N/AN/AN/AN/AN/AN/AN/AN/A
CEI
CAMBER ENERGY INC
$28.15M$0.19N/AN/AN/AN/AN/AN/AN/AN/A
SOC
SABLE OFFSHORE CORP
$658.82M$10.95N/AN/AN/AN/AN/AN/AN/AN/A
KGEI
KOLIBRI GLOBAL ENERGY INC
$122.54M$3.44N/AN/AN/AN/AN/AN/AN/AN/A
NEXT
NEXTDECADE CORP
$1.60B$6.23N/AN/AN/AN/AN/AN/AN/AN/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 29.99% over the past year, overperforming other oil and gas stocks by 15 percentage points.

Chord Energy has an average 1 year price target of $203.00, an upside of 8.31% from Chord Energy's current stock price of $187.42.

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 -13.07% over the past year, underperforming other oil and gas stocks by -28 percentage points.

Geopark has an average 1 year price target of $11.00, an upside of 11.79% from Geopark's current stock price of $9.84.

Geopark stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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 15.87% over the past year, overperforming other oil and gas stocks by 1 percentage points.

Magnolia Oil & Gas has an average 1 year price target of $25.83, a downside of -3.61% from Magnolia Oil & Gas's current stock price of $26.80.

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 25.28%, which is 22 percentage points higher than the oil and gas industry average of 3.48%.

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 11.7%, which is 8 percentage points higher than the oil and gas industry average of 3.48%. 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 10.31%, which is 7 percentage points higher than the oil and gas industry average of 3.48%. 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 -0.2% in the last day, and up 1.27% 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 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 29.99% in the past year. It has overperformed other stocks in the oil and gas industry by 15 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 -35.09% 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 11.55% in the past year. It has underperformed other stocks in the oil and gas industry by -4 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 10.01% 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 13.65x.
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.