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Best Oil and Gas Stocks to Buy Now (2024)

Top oil and gas stocks in 2024 ranked by overall Due Diligence Score. See the best oil and gas stocks to buy now, according to analyst forecasts for the oil & gas e&p industry.

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

Vista Energy Sab De CV (NYSE:VIST) is the top oil and gas stock with a Due Diligence Score of 62, which is 32 points higher than the oil and gas industry average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Vista Energy Sab De CV has seen its stock return 83.95% over the past year, overperforming other oil and gas stocks by 46 percentage points.

Vista Energy Sab De CV has an average 1 year price target of $65.33, an upside of 17.99% from Vista Energy Sab De CV's current stock price of $55.37.

Vista Energy Sab De CV stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Vista Energy Sab De CV, 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.

Riley Exploration Permian (NYSEMKT:REPX) is the second best oil and gas stock with a Due Diligence Score of 58, which is 28 points higher than the oil and gas industry average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. Riley Exploration Permian has seen its stock return 23.73% over the past year, underperforming other oil and gas stocks by -14 percentage points.

Riley Exploration Permian has an average 1 year price target of $45.00, an upside of 41.24% from Riley Exploration Permian's current stock price of $31.86.

Riley Exploration Permian stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Riley Exploration Permian, 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.

Vaalco Energy (NYSE:EGY) is the third best oil and gas stock with a Due Diligence Score of 57, which is 27 points higher than the oil and gas industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. Vaalco Energy has seen its stock return 7.61% over the past year, underperforming other oil and gas stocks by -30 percentage points.

Vaalco Energy has an average 1 year price target of $8.00, an upside of 66.32% from Vaalco Energy's current stock price of $4.81.

Vaalco Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Vaalco Energy, 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.

Out of 43 oil and gas stocks that have issued dividends in the past year, the 3 oil and gas stocks with the highest dividend yields are:

Comstock Resources (NYSE:CRK) has an annual dividend yield of N/A, which is N/A percentage points lower than the oil and gas industry average of 3.95%. Comstock Resources's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Comstock Resources's dividend has not shown consistent growth over the last 10 years.

Comstock Resources's dividend payout ratio of -69.4% indicates that its dividend yield might not be sustainable for the long-term.

Civitas Resources (NYSE:CIVI) has an annual dividend yield of 12.9%, which is 9 percentage points higher than the oil and gas industry average of 3.95%.

Civitas Resources's dividend payout ratio of 58.9% indicates that its high dividend yield is sustainable for the long-term.

Kimbell Royalty Partners (NYSE:KRP) has an annual dividend yield of 11.12%, which is 7 percentage points higher than the oil and gas industry average of 3.95%. Kimbell Royalty Partners's dividend payout is not stable, having dropped more than 10% seven 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 370% indicates that its high dividend yield might not be sustainable for the long-term.

Oil and gas stocks were down -2.57% in the last day, and down -9.89% over the last week.

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

Based on WallStreetZen's Valuation Score, the 3 most undervalued oil and gas stocks right now are:

Coterra Energy (NYSE:CTRA) is the most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Coterra Energy has a valuation score of 71, which is 39 points higher than the oil and gas industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Coterra Energy's stock has gained 0.61% in the past year. It has underperformed other stocks in the oil and gas industry by -37 percentage points.

Gulfport Energy (NYSE:GPOR) is the second most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Gulfport Energy has a valuation score of 71, which is 39 points higher than the oil and gas industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Gulfport Energy's stock has gained 31.31% in the past year. It has underperformed other stocks in the oil and gas industry by -7 percentage points.

Chord Energy (NASDAQ:CHRD) is the third most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Chord Energy has a valuation score of 71, which is 39 points higher than the oil and gas industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Chord Energy's stock has dropped -24.47% in the past year. It has underperformed other stocks in the oil and gas industry by -62 percentage points.