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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
$7.46B$180.00$204.8313.80%Strong Buy611.41%73.32%N/AN/A
SM
SM ENERGY CO
$5.57B$48.09$50.565.13%Buy94.79%31.25%N/AN/A
GPRK
GEOPARK LTD
$547.74M$9.90$12.5026.26%Strong Buy26.37%53.76%N/AN/A
MGY
MAGNOLIA OIL & GAS CORP
$5.23B$25.62$26.573.71%Hold77.25%83.38%N/AN/A
SWN
SOUTHWESTERN ENERGY CO
$8.03B$7.29$8.0410.27%Buy109.22%48.53%N/AN/A
FANG
DIAMONDBACK ENERGY INC
$35.82B$200.74$206.292.77%Strong Buy1727.20%27.12%N/AN/A
VIST
VISTA ENERGY SAB DE CV
$4.00B$41.93$51.5022.82%Buy231.61%-57.01%N/AN/A
SBOW
SILVERBOW RESOURCES INC
$764.41M$30.06$40.8035.73%Strong Buy537.05%N/AN/AN/A
GPOR
GULFPORT ENERGY CORP
$2.81B$154.32$169.009.51%Buy5-13.50%N/AN/AN/A
RRC
RANGE RESOURCES CORP
$8.54B$35.27$36.082.29%Hold13-0.69%38.59%N/AN/A
BSM
BLACK STONE MINERALS LP
$3.49B$15.52$18.5019.20%Buy2-2.18%11.86%N/AN/A
VTLE
VITAL ENERGY INC
$1.97B$53.79$58.108.01%Buy1010.55%32.99%N/AN/A
PR
PERMIAN RESOURCES CORP
$13.18B$17.08$19.0811.69%Strong Buy1327.13%51.46%N/AN/A
HES
HESS CORP
$47.41B$154.35$176.7114.49%Buy710.49%87.03%N/AN/A
DVN
DEVON ENERGY CORP
$32.91B$51.83$59.0013.83%Strong Buy130.46%25.76%N/AN/A
DMLP
DORCHESTER MINERALS LP
$1.34B$33.83N/AN/AN/AN/AN/AN/AN/AN/A
PXD
PIONEER NATURAL RESOURCES CO
$63.15B$270.31$264.14-2.28%Hold79.61%21.64%N/AN/A
TPL
TEXAS PACIFIC LAND CORP
$13.40B$582.60$694.1719.15%Buy213.13%50.04%N/AN/A
PHX
PHX MINERALS INC
$128.04M$3.42$4.9043.27%Strong Buy2-2.49%42.33%N/AN/A
NOG
NORTHERN OIL & GAS INC
$4.29B$42.50$46.228.76%Buy93.05%9.64%N/AN/A
EOG
EOG RESOURCES INC
$77.24B$133.17$144.358.40%Buy173.77%6.59%N/AN/A
MUR
MURPHY OIL CORP
$7.03B$45.99$52.2513.61%Strong Buy81.20%57.44%N/AN/A
REPX
RILEY EXPLORATION PERMIAN INC
$567.53M$27.82$53.0090.51%Strong Buy18.97%N/AN/AN/A
CNQ
CANADIAN NATURAL RESOURCES LTD
$82.09B$76.55$102.0033.25%Hold10.67%26.82%N/AN/A
MXC
MEXCO ENERGY CORP
$27.94M$13.32N/AN/AN/AN/AN/AN/AN/AN/A
EPSN
EPSILON ENERGY LTD
$116.14M$5.30N/AN/AN/AN/AN/AN/AN/AN/A
EGY
VAALCO ENERGY INC
$699.17M$6.77N/AN/AN/AN/A-5.45%N/AN/AN/A
MTDR
MATADOR RESOURCES CO
$7.72B$64.61$74.0914.67%Strong Buy1112.02%-9.23%N/AN/A
MRO
MARATHON OIL CORP
$15.87B$27.50$33.3321.21%Strong Buy151.52%56.12%N/AN/A
COP
CONOCOPHILLIPS
$152.20B$129.38$143.8311.17%Strong Buy122.88%28.19%N/AN/A
AMPY
AMPLIFY ENERGY CORP
$284.19M$7.20$9.2528.47%Strong Buy2N/AN/AN/AN/A
APA
APA CORP
$9.77B$32.36$40.5625.33%Hold188.77%17.20%N/AN/A
CTRA
COTERRA ENERGY INC
$20.86B$27.75$32.6017.48%Strong Buy155.77%-29.50%N/AN/A
CIVI
CIVITAS RESOURCES INC
$7.34B$72.63$94.2029.70%Strong Buy519.35%N/AN/AN/A
CRK
COMSTOCK RESOURCES INC
$2.65B$9.52$9.600.84%Hold514.99%206.08%N/AN/A
EQT
EQT CORP
$16.14B$36.65$43.0717.51%Buy155.85%-5.65%N/AN/A
CNX
CNX RESOURCES CORP
$3.64B$24.00$24.803.33%Hold5-27.42%N/AN/AN/A
PNRG
PRIMEENERGY RESOURCES CORP
$180.89M$101.04N/AN/AN/AN/AN/AN/AN/AN/A
WTI
W&T OFFSHORE INC
$353.93M$2.41$7.90227.80%Strong Buy16.91%263.07%N/AN/A
CRC
CALIFORNIA RESOURCES CORP
$3.77B$54.43$63.6016.85%Buy513.73%N/AN/AN/A
HPK
HIGHPEAK ENERGY INC
$1.99B$15.51$10.00-35.53%Strong Sell1-2.59%N/AN/AN/A
KRP
KIMBELL ROYALTY PARTNERS LP
$1.52B$16.09$20.5027.41%Strong Buy49.71%N/AN/AN/A
CHK
CHESAPEAKE ENERGY CORP
$11.45B$87.51$101.0015.42%Buy9-29.03%-2.67%N/AN/A
DEC
DIVERSIFIED ENERGY CO PLC
$656.08M$13.69N/AN/AN/AN/A6.00%N/AN/AN/A
REI
RING ENERGY INC
$399.83M$2.02N/AN/AN/AN/AN/AN/AN/AN/A
EPM
EVOLUTION PETROLEUM CORP
$191.70M$5.73$8.2543.98%Strong Buy1N/AN/AN/AN/A
PED
PEDEVCO CORP
$92.04M$1.03N/AN/AN/AN/AN/AN/AN/AN/A
SD
SANDRIDGE ENERGY INC
$539.08M$14.53N/AN/AN/AN/AN/AN/AN/AN/A
BRY
BERRY CORP (BRY)
$641.96M$8.41$8.00-4.88%Hold1-11.73%131.00%N/AN/A
CPG
CRESCENT POINT ENERGY CORP
$5.39B$8.69N/AN/AN/AN/A12.06%N/AN/AN/A
OVV
OVINTIV INC
$14.01B$51.98$59.3014.08%Buy100.34%-11.76%N/AN/A
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
$1.20B$14.98$17.0013.48%Strong Buy16.32%105.10%N/AN/A
ERF
ENERPLUS CORP
$4.03B$19.93$22.0010.39%Buy1N/AN/AN/AN/A
OXY
OCCIDENTAL PETROLEUM CORP
$58.60B$66.63$75.3313.06%Buy96.06%23.92%N/AN/A
MNR
MACH NATURAL RESOURCES LP
$1.94B$20.41$26.0027.39%Strong Buy216.77%N/AN/AN/A
BTE
BAYTEX ENERGY CORP
$2.98B$3.63N/AN/AN/AN/A47.30%N/AN/AN/A
TALO
TALOS ENERGY INC
$2.15B$13.54$19.5844.63%Strong Buy615.30%N/AN/AN/A
CKX
CKX LANDS INC
$27.25M$13.68N/AN/AN/AN/AN/AN/AN/AN/A
GRNT
GRANITE RIDGE RESOURCES INC
$892.27M$6.84$9.0031.58%Strong Buy1N/AN/AN/AN/A
OBE
OBSIDIAN ENERGY LTD
$627.69M$8.09N/AN/AN/AN/AN/AN/AN/AN/A
HUSA
HOUSTON AMERICAN ENERGY CORP
$20.83M$1.91N/AN/AN/AN/AN/AN/AN/AN/A
WDS
WOODSIDE ENERGY GROUP LTD
$35.62B$18.76N/AN/AN/AN/AN/AN/AN/AN/A
BRN
BARNWELL INDUSTRIES INC
$28.38M$2.83N/AN/AN/AN/AN/AN/AN/AN/A
INDO
INDONESIA ENERGY CORP LTD
$51.02M$5.03N/AN/AN/AN/AN/AN/AN/AN/A
BATL
BATTALION OIL CORP
$89.52M$5.44N/AN/AN/AN/AN/AN/AN/AN/A
TELL
TELLURIAN INC
$387.28M$0.50N/AN/AN/AN/A16.10%N/AN/AN/A
CRGY
CRESCENT ENERGY CO
$1.97B$10.97$16.1447.16%Strong Buy71.99%N/AN/AN/A
KOS
KOSMOS ENERGY LTD
$2.82B$5.98$10.0067.22%Strong Buy15.93%N/AN/AN/A
VET
VERMILION ENERGY INC
$1.92B$11.86N/AN/AN/AN/A4.24%N/AN/AN/A
TXO
TXO PARTNERS LP
$560.57M$18.23$26.0042.62%Strong Buy2-12.69%N/AN/AN/A
STR
SITIO ROYALTIES CORP
$3.78B$24.03$29.2021.51%Buy55.94%N/AN/AN/A
GFR
GREENFIRE RESOURCES LTD
$424.90M$6.19N/AN/AN/AN/AN/AN/AN/AN/A
VTS
VITESSE ENERGY INC
$677.44M$23.00$27.0017.39%Strong Buy19.58%N/AN/AN/A
AR
ANTERO RESOURCES CORP
$8.89B$29.29$31.005.84%Buy96.19%-22.99%N/AN/A
VIVK
VIVAKOR INC
$29.65M$1.07N/AN/AN/AN/AN/AN/AN/AN/A
USEG
US ENERGY CORP
$32.67M$1.29$2.0055.04%Strong Buy1N/AN/AN/AN/A
EP
EMPIRE PETROLEUM CORP
$134.78M$5.26N/AN/AN/AN/AN/AN/AN/AN/A
TPET
TRIO PETROLEUM CORP
$14.69M$0.40N/AN/AN/AN/AN/AN/AN/AN/A
GTE
GRAN TIERRA ENERGY INC
$263.45M$8.17N/AN/AN/AN/AN/AN/AN/AN/A
CEI
CAMBER ENERGY INC
$24.72M$0.17N/AN/AN/AN/AN/AN/AN/AN/A
KGEI
KOLIBRI GLOBAL ENERGY INC
$114.34M$3.21N/AN/AN/AN/AN/AN/AN/AN/A
SOC
SABLE OFFSHORE CORP
$625.13M$10.39N/AN/AN/AN/AN/AN/AN/AN/A
NEXT
NEXTDECADE CORP
$1.57B$6.11N/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 25.26% over the past year, overperforming other oil and gas stocks by 9 percentage points.

Chord Energy has an average 1 year price target of $204.83, an upside of 13.8% from Chord Energy's current stock price of $180.00.

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. Sm Energy Co (NYSE:SM)


Sm Energy Co (NYSE:SM) is the second best oil and gas stock with a Zen Score of 57, which is 24 points higher than the oil and gas industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Sm Energy Co has seen its stock return 65.54% over the past year, overperforming other oil and gas stocks by 50 percentage points.

Sm Energy Co has an average 1 year price target of $50.56, an upside of 5.13% from Sm Energy Co's current stock price of $48.09.

Sm Energy Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Sm Energy Co, 44.44% have issued a Strong Buy rating, 22.22% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Geopark (NYSE:GPRK)


Geopark (NYSE:GPRK) is the third 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 -13.39% over the past year, underperforming other oil and gas stocks by -29 percentage points.

Geopark has an average 1 year price target of $12.50, an upside of 26.26% from Geopark's current stock price of $9.90.

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.

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 26.22%, which is 23 percentage points higher than the oil and gas industry average of 3.59%.

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 12.24%, which is 9 percentage points higher than the oil and gas industry average of 3.59%. 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 10.44%, which is 7 percentage points higher than the oil and gas industry average of 3.59%. 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 up?

Oil and gas stocks were up 0.84% in the last day, and down -2.42% over the last week.

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

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 25.26% in the past year. It has overperformed other stocks in the oil and gas industry by 9 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 -33.8% 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 8.13% 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?

50% 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 14.53% 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 13.21x.
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.