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Sectors & IndustriesEnergyOil & Gas E&P
Best Oil and Gas Stocks to Buy Now (2023)
Top oil and gas stocks in 2023 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
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
MXC
MEXCO ENERGY CORP
$25.21M$11.77N/AN/AN/AN/AN/AN/AN/AN/A
VTLE
VITAL ENERGY INC
$722.15M$42.11$80.7591.76%Sell4-12.06%14.78%73.31%29.87%
ROCC
RANGER OIL CORP
$1.56B$37.54$43.0014.54%Hold1-1.41%13.09%86.72%20.85%
EPSN
EPSILON ENERGY LTD
$117.67M$5.11N/AN/AN/AN/AN/AN/AN/AN/A
SWN
SOUTHWESTERN ENERGY CO
$5.35B$4.86$9.0486.05%Buy18-37.82%25.15%63.09%21.10%
GPRK
GEOPARK LTD
$640.93M$10.64$22.00106.77%Strong Buy1-9.00%18.25%170.94%20.29%
TPL
TEXAS PACIFIC LAND CORP
$12.67B$1,646.07$1.75k6.31%Buy29.14%10.90%85.48%75.29%
SD
SANDRIDGE ENERGY INC
$517.08M$14.02N/AN/AN/AN/AN/AN/AN/AN/A
DMLP
DORCHESTER MINERALS LP
$1.08B$28.08N/AN/AN/AN/AN/AN/AN/AN/A
CTRA
COTERRA ENERGY INC
$18.05B$23.50$31.4733.90%Buy17-11.60%-30.81%N/AN/A
EPM
EVOLUTION PETROLEUM CORP
$196.43M$5.81$8.6048.02%Strong Buy2N/AN/AN/AN/A
BSM
BLACK STONE MINERALS LP
$3.30B$14.71$19.0029.16%Strong Buy44.13%0.46%52.93%37.96%
MUR
MURPHY OIL CORP
$5.47B$35.14$49.6041.15%Buy1011.56%52.25%23.11%11.20%
FANG
DIAMONDBACK ENERGY INC
$23.49B$127.96$181.3541.73%Strong Buy18-6.39%2.03%27.74%15.89%
MGY
MAGNOLIA OIL & GAS CORP
$4.42B$20.68$31.1450.59%Strong Buy74.22%-1.48%60.39%37.00%
CNQ
CANADIAN NATURAL RESOURCES LTD
$57.22B$51.89$69.0032.97%Strong Buy2-7.15%6.15%28.19%14.13%
EOG
EOG RESOURCES INC
$62.14B$105.73$152.6844.41%Strong Buy202.29%-1.81%16.03%9.60%
HES
HESS CORP
$37.86B$123.66$159.0028.58%Buy15-5.07%37.57%15.32%5.55%
STR
SITIO ROYALTIES CORP
$3.29B$21.31$30.2041.72%Strong Buy527.30%137.27%22.07%7.35%
PXD
PIONEER NATURAL RESOURCES CO
$44.61B$189.81$266.6340.47%Buy183.50%-11.84%27.00%17.03%
SM
SM ENERGY CO
$3.21B$26.33$45.4072.43%Hold10-4.15%4.18%37.07%20.01%
DVN
DEVON ENERGY CORP
$31.24B$47.76$75.6558.40%Buy20-14.59%-13.59%N/AN/A
PR
PERMIAN RESOURCES CORP
$5.46B$9.77$12.2925.80%Buy1252.65%29.44%42.65%14.74%
PNRG
PRIMEENERGY RESOURCES CORP
$160.36M$83.50N/AN/AN/AN/AN/AN/AN/AN/A
RRC
RANGE RESOURCES CORP
$5.79B$24.08$35.4247.10%Buy19-0.75%10.65%46.94%20.37%
EGY
VAALCO ENERGY INC
$451.92M$4.17$10.00139.81%Strong Buy1N/AN/AN/AN/A
PDCE
PDC ENERGY INC
$5.34B$60.43$79.5031.56%Buy66.61%-8.69%41.77%20.84%
MTDR
MATADOR RESOURCES CO
$5.45B$45.78$72.0057.27%Strong Buy8-0.67%-10.58%22.39%12.54%
NOG
NORTHERN OIL & GAS INC
$2.39B$27.97$41.2547.48%Strong Buy822.63%5.72%127.12%32.95%
OVV
OVINTIV INC
$8.39B$34.43$61.3978.29%Strong Buy14-2.47%-7.95%28.23%14.42%
VET
VERMILION ENERGY INC
$2.08B$12.72$30.43139.19%Buy10N/AN/A73.34%35.68%
REI
RING ENERGY INC
$332.35M$1.84$7.50307.61%Hold1N/AN/AN/AN/A
CRK
COMSTOCK RESOURCES INC
$2.85B$10.27$16.0556.23%Hold11-21.67%-8.84%47.99%19.20%
CHRD
CHORD ENERGY CORP
$5.25B$126.02$182.8845.12%Strong Buy88.14%-10.06%9.58%6.76%
BRY
BERRY CORP (BRY)
$562.19M$7.42$13.0075.20%Strong Buy1-0.15%-12.54%22.15%10.87%
VIST
VISTA ENERGY SAB DE CV
$1.50B$17.31$14.00-19.12%Buy111.29%-3.85%25.73%10.65%
CPE
CALLON PETROLEUM CO
$1.89B$30.66$54.3377.21%Buy7-16.07%-12.38%30.38%15.25%
REPX
RILEY EXPLORATION PERMIAN INC
$656.37M$32.56$43.0032.06%Strong Buy1N/AN/A46.49%30.08%
PHX
PHX MINERALS INC
$90.90M$2.49$5.50120.88%Buy119.65%31.25%19.56%13.93%
WDS
WOODSIDE ENERGY GROUP LTD
$41.28B$21.74N/AN/AStrong Buy1N/AN/AN/AN/A
SBOW
SILVERBOW RESOURCES INC
$460.49M$20.49$55.00168.42%Strong Buy2N/AN/A48.01%22.14%
KRP
KIMBELL ROYALTY PARTNERS LP
$1.14B$14.36$21.4049.03%Strong Buy5-8.59%-21.71%N/AN/A
ERF
ENERPLUS CORP
$3.07B$14.14$20.0041.44%Buy1N/AN/A68.82%38.23%
ESTE
EARTHSTONE ENERGY INC
$1.72B$12.28$23.6092.18%Hold6N/AN/A51.66%21.51%
CIVI
CIVITAS RESOURCES INC
$5.13B$64.00$79.1723.70%Strong Buy6-10.86%-10.56%N/AN/A
TALO
TALOS ENERGY INC
$1.68B$13.26$25.0088.54%Strong Buy2-11.94%8.21%N/AN/A
GPOR
GULFPORT ENERGY CORP
$1.42B$75.24$95.5026.93%Buy315.15%27.92%76.11%24.89%
COP
CONOCOPHILLIPS
$119.89B$98.37$138.0640.34%Strong Buy19-14.86%-9.40%1.40%0.71%
PED
PEDEVCO CORP
$74.64M$0.87$2.40175.86%Strong Buy1N/AN/AN/AN/A
CHK
CHESAPEAKE ENERGY CORP
$9.94B$73.78$122.4465.96%Strong Buy9-21.01%-38.88%8.09%4.77%
IMPP
IMPERIAL PETROLEUM INC/MARSHALL ISLANDS
$33.53M$0.18N/AN/AN/AN/AN/AN/AN/AN/A
OBE
OBSIDIAN ENERGY LTD
$508.67M$6.17$13.99126.68%Strong Buy2N/AN/AN/AN/A
MRO
MARATHON OIL CORP
$14.03B$22.28$33.4450.08%Buy16-15.33%-4.99%N/AN/A
DEN
DENBURY INC
$4.02B$80.67$96.6319.78%Strong Buy8N/AN/AN/AN/A
BRN
BARNWELL INDUSTRIES INC
$20.51M$2.06N/AN/AN/AN/AN/AN/AN/AN/A
OXY
OCCIDENTAL PETROLEUM CORP
$52.82B$58.68$75.0627.92%Buy17-2.35%-33.86%16.01%6.63%
GTE
GRAN TIERRA ENERGY INC
$264.46M$0.76N/AN/AHold1N/AN/AN/AN/A
GRNT
GRANITE RIDGE RESOURCES INC
$670.79M$5.04$13.00157.94%Buy1N/AN/AN/AN/A
KOS
KOSMOS ENERGY LTD
$3.02B$6.58$9.5244.68%Strong Buy5-2.65%51.96%33.83%5.82%
HPK
HIGHPEAK ENERGY INC
$2.41B$21.31$45.00111.17%Strong Buy2N/AN/A70.24%36.04%
AR
ANTERO RESOURCES CORP
$6.34B$21.46$38.5679.66%Strong Buy10-6.64%-4.97%12.50%5.98%
CRC
CALIFORNIA RESOURCES CORP
$2.57B$35.92$57.4359.88%Strong Buy7N/AN/A35.06%16.47%
APA
APA CORP
$10.68B$34.35$52.5052.84%Strong Buy14-10.39%-4.43%807.89%25.99%
GBR
NEW CONCEPT ENERGY INC
$5.54M$1.08N/AN/AN/AN/AN/AN/AN/AN/A
EQT
EQT CORP
$10.63B$29.51$53.5081.29%Strong Buy15-1.24%N/AN/AN/A
BTE
BAYTEX ENERGY CORP
$1.85B$3.39$6.5492.98%Buy6N/AN/A18.45%10.95%
CPG
CRESCENT POINT ENERGY CORP
$3.64B$6.60$12.2785.88%Strong Buy6N/AN/A17.07%11.68%
HUSA
HOUSTON AMERICAN ENERGY CORP
$24.72M$2.49N/AN/AN/AN/AN/AN/AN/AN/A
BATL
BATTALION OIL CORP
$106.40M$6.51$28.00330.11%Strong Buy1N/AN/AN/AN/A
USEG
US ENERGY CORP
$44.04M$1.76$3.75113.07%Strong Buy2N/AN/AN/AN/A
TELL
TELLURIAN INC
$602.96M$1.07$4.00273.83%Hold51.14%N/AN/AN/A
WTI
W&T OFFSHORE INC
$722.05M$4.93$9.1084.58%Strong Buy1-14.32%-22.36%1,496.46%7.98%
CRGY
CRESCENT ENERGY CO
$1.75B$10.48$15.6048.85%Buy6N/AN/AN/AN/A
ALPS
ALPINE SUMMIT ENERGY PARTNERS INC
$28.72M$0.85N/AN/AN/AN/AN/AN/AN/AN/A
VTS
VITESSE ENERGY INC
$474.08M$16.62$22.5035.38%Strong Buy2N/AN/AN/AN/A
EP
EMPIRE PETROLEUM CORP
$266.92M$12.08N/AN/AN/AN/AN/AN/AN/AN/A
PBT
PERMIAN BASIN ROYALTY TRUST
$1.07B$22.98N/AN/AN/AN/AN/AN/AN/AN/A
AMPY
AMPLIFY ENERGY CORP
$250.07M$6.46$12.0085.76%Strong Buy1N/AN/AN/AN/A
CNX
CNX RESOURCES CORP
$2.59B$15.22$21.0037.98%Hold569.74%N/A16.78%5.81%
CKX
CKX LANDS INC
$18.78M$9.51N/AN/AN/AN/AN/AN/AN/AN/A
VIVK
VIVAKOR INC
$20.59M$1.14N/AN/AN/AN/AN/AN/AN/AN/A
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
$1.40B$17.54$22.5428.51%Buy54.39%N/AN/AN/A
NEXT
NEXTDECADE CORP
$633.92M$4.21$7.8386.06%Buy3N/AN/AN/AN/A
INDO
INDONESIA ENERGY CORP LTD
$45.67M$4.88$13.00166.39%Strong Buy2N/AN/AN/AN/A
CEI
CAMBER ENERGY INC
$25.60M$1.28N/AN/AN/AN/AN/AN/AN/AN/A
TXO
TXO ENERGY PARTNERS LP
N/A$22.92$33.3345.43%Strong Buy3N/AN/AN/AN/A

Oil and Gas Stocks FAQ

What are the best oil and gas stocks to buy right now in Mar 2023?

According to Zen Score, the 3 best oil stocks to buy right now are:

1. Mexco Energy (NYSEMKT:MXC)


Mexco Energy (NYSEMKT:MXC) is the top oil and gas stock with a Zen Score of 63, which is 21 points higher than the oil and gas industry average of 42. It passed 20 out of 33 due diligence checks and has strong fundamentals. Mexco Energy has seen its stock lose -36.41% over the past year, underperforming other oil and gas stocks by -34 percentage points.

2. Vital Energy (NYSE:VTLE)


Vital Energy (NYSE:VTLE) is the second best oil and gas stock with a Zen Score of 61, which is 19 points higher than the oil and gas industry average of 42. It passed 20 out of 33 due diligence checks and has strong fundamentals. Vital Energy has seen its stock lose -41.8% over the past year, underperforming other oil and gas stocks by -39 percentage points.

Vital Energy has an average 1 year price target of $80.75, an upside of 91.76% from Vital Energy's current stock price of $42.11.

Vital Energy stock has a consensus Sell recommendation according to Wall Street analysts. Of the 4 analysts covering Vital Energy, 0% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

3. Epsilon Energy (NASDAQ:EPSN)


Epsilon Energy (NASDAQ:EPSN) is the third best oil and gas stock with a Zen Score of 60, which is 18 points higher than the oil and gas industry average of 42. It passed 23 out of 38 due diligence checks and has strong fundamentals. Epsilon Energy has seen its stock lose -10.19% over the past year, underperforming other oil and gas stocks by -8 percentage points.

What are the oil and gas stocks with highest dividends?

Out of 44 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. Kimbell Royalty Partners (NYSE:KRP)


Kimbell Royalty Partners (NYSE:KRP) has an annual dividend yield of 17.27%, which is 12 percentage points higher than the oil and gas industry average of 5.36%. Kimbell Royalty Partners's dividend payout is not stable, having dropped more than 10% four 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 86.3% indicates that its high dividend yield is sustainable for the long-term.

2. Berry (NASDAQ:BRY)


Berry (NASDAQ:BRY) has an annual dividend yield of 17.25%, which is 12 percentage points higher than the oil and gas industry average of 5.36%. Berry's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Berry's dividend has shown consistent growth over the last 10 years.

Berry's dividend payout ratio of 42% indicates that its high dividend yield is sustainable for the long-term.

3. Pioneer Natural Resources Co (NYSE:PXD)


Pioneer Natural Resources Co (NYSE:PXD) has an annual dividend yield of 14.35%, which is 9 percentage points higher than the oil and gas industry average of 5.36%. Pioneer Natural Resources Co's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Pioneer Natural Resources Co's dividend has shown consistent growth over the last 10 years.

Pioneer Natural Resources Co's dividend payout ratio of 78% indicates that its high dividend yield is sustainable for the long-term.

Why are oil and gas stocks down?

Oil and gas stocks were down -2.93% in the last day, and up 3.38% 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. Primeenergy Resources (NASDAQ:PNRG)


Primeenergy Resources (NASDAQ:PNRG) is the most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Primeenergy Resources has a valuation score of 86, which is 43 points higher than the oil and gas industry average of 43. It passed 6 out of 7 valuation due diligence checks.

Primeenergy Resources's stock has gained 21.9% in the past year. It has overperformed other stocks in the oil and gas industry by 25 percentage points.

2. Epsilon Energy (NASDAQ:EPSN)


Epsilon Energy (NASDAQ:EPSN) is the second most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Epsilon Energy has a valuation score of 86, which is 43 points higher than the oil and gas industry average of 43. It passed 6 out of 7 valuation due diligence checks.

Epsilon Energy's stock has dropped -10.19% in the past year. It has underperformed other stocks in the oil and gas industry by -8 percentage points.

3. Baytex Energy (NYSE:BTE)


Baytex Energy (NYSE:BTE) is the third most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Baytex Energy has a valuation score of 71, which is 28 points higher than the oil and gas industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Baytex Energy's stock has dropped -24.33% in the past year. It has underperformed other stocks in the oil and gas industry by -22 percentage points.

Are oil and gas stocks a good buy now?

54.93% 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 30.69% 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 6.56x.
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.