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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.

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

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 27.4% 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 11.57% from Chord Energy's current stock price of $183.59.

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.

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 -16.85% over the past year, underperforming other oil and gas stocks by -35 percentage points.

Geopark has an average 1 year price target of $12.50, an upside of 29.27% from Geopark's current stock price of $9.67.

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.

Silverbow Resources (NYSE:SBOW) 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 18 out of 33 due diligence checks and has strong fundamentals. Silverbow Resources has seen its stock return 27.18% over the past year, overperforming other oil and gas stocks by 9 percentage points.

Silverbow Resources has an average 1 year price target of $40.80, an upside of 32.73% from Silverbow Resources's current stock price of $30.74.

Silverbow Resources stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Silverbow Resources, 80% have issued a Strong Buy rating, 0% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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:

Sandridge Energy (NYSE:SD) has an annual dividend yield of 25.99%, which is 22 percentage points higher than the oil and gas industry average of 3.56%.

Sandridge Energy's dividend payout ratio of 224.2% indicates that its high dividend yield might not be sustainable for the long-term.

Black Stone Minerals (NYSE:BSM) has an annual dividend yield of 11.99%, which is 8 percentage points higher than the oil and gas industry average of 3.56%. 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.

Kimbell Royalty Partners (NYSE:KRP) has an annual dividend yield of 10.53%, which is 7 percentage points higher than the oil and gas industry average of 3.56%. 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.

Oil and gas stocks were up 0.25% in the last day, and up 1.89% over the last week. Trio Petroleum was the among the top gainers in the oil & gas e&p industry, gaining 11.67% yesterday.

Trio Petroleum shares are trading higher after the company announced it commenced oil sales from its California assets.

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

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 27.4% in the past year. It has overperformed other stocks in the oil and gas industry by 9 percentage points.

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 -28.5% in the past year. It has underperformed other stocks in the oil and gas industry by -47 percentage points.

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 9.97% in the past year. It has underperformed other stocks in the oil and gas industry by -8 percentage points.