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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
MGY
MAGNOLIA OIL & GAS CORP
$4.67B$1.42B$958.39M$665.04M$3.48-3.99%N/A-6.95%N/A2023-10-30
SM
SM ENERGY CO
$4.41B$2.63B$2.06B$1.09B$8.91-24.11%7.30%21.39%35.37%2023-11-01
BSM
BLACK STONE MINERALS LP
$3.91B$738.39M$618.04M$543.53M$2.6061.91%12.58%114.88%29.64%2023-10-30
MUR
MURPHY OIL CORP
$6.83B$3.93B$2.29B$1.02B$6.5530.14%30.91%97.29%N/A2023-11-01
GPRK
GEOPARK LTD
$575.96M$853.98M$492.49M$185.58M$3.17-8.83%12.62%10.84%N/A2023-11-07
PXD
PIONEER NATURAL RESOURCES CO
$52.01B$20.34B$10.11B$5.79B$24.44-7.00%23.95%-4.08%36.43%2023-10-25
SBOW
SILVERBOW RESOURCES INC
$744.35M$707.51M$720.14M$435.33M$21.3425.70%27.28%195.98%38.22%2023-10-31
SD
SANDRIDGE ENERGY INC
$563.73M$203.58M$147.45M$199.35M$5.41-10.83%-9.79%33.25%N/A2023-10-31
EQT
EQT CORP
$13.91B$9.23B$6.41B$3.55B$9.67113.48%19.60%N/A59.39%2023-10-24
CHRD
CHORD ENERGY CORP
$6.48B$4.01B$2.47B$1.77B$39.3672.02%N/A-13.49%N/A2023-10-31
VET
VERMILION ENERGY INC
$2.30B$2.11B$1.97B$889.94M$5.45-6.63%18.50%34.88%N/A2023-11-01
FANG
DIAMONDBACK ENERGY INC
$26.92B$8.31B$6.10B$3.46B$19.27-8.75%37.25%-10.00%27.36%2023-11-06
ESTE
EARTHSTONE ENERGY INC
$2.68B$1.81B$1.11B$459.67M$4.3496.03%65.67%83.12%60.30%2023-10-31
EPSN
EPSILON ENERGY LTD
$116.37M$52.32M$37.19M$22.93M$1.00-13.35%N/A-9.09%N/A2023-10-31
AR
ANTERO RESOURCES CORP
$7.16B$6.51B$2.52B$1.42B$4.6610.11%12.05%48.41%44.49%2023-10-24
CTRA
COTERRA ENERGY INC
$19.67B$7.76B$5.63B$3.11B$3.9812.23%35.29%-5.01%67.71%2023-11-01
CRK
COMSTOCK RESOURCES INC
$2.88B$2.89B$1.87B$956.88M$3.969.57%60.18%186.96%N/A2023-10-30
PNRG
PRIMEENERGY RESOURCES CORP
$205.74M$115.43M$73.91M$38.04M$19.856.00%3.30%39.99%14.61%2023-11-20
MXC
MEXCO ENERGY CORP
$27.01M$8.86M$6.03M$3.83M$1.7813.92%26.02%0.56%N/A2023-11-07
APA
APA CORP
$12.36B$9.24B$4.78B$1.49B$4.81-15.47%6.65%-45.96%16.51%2023-10-31
TPL
TEXAS PACIFIC LAND CORP
$14.13B$650.79M$543.99M$416.53M$54.109.47%23.58%10.30%22.40%2023-10-31
EPM
EVOLUTION PETROLEUM CORP
$215.04M$128.51M$60.02M$35.22M$1.0517.98%25.81%8.25%12.22%2023-11-06
CIVI
CIVITAS RESOURCES INC
$7.29B$3.14B$2.26B$1.03B$12.2917.57%68.44%0.82%70.62%2023-10-30
PR
PERMIAN RESOURCES CORP
$7.44B$2.55B$1.45B$482.93M$1.6579.04%29.10%15.38%19.75%2023-11-06
BRY
BERRY CORP (BRY)
$616.64M$1.06B$441.04M$283.54M$3.6651.06%29.61%6,000.00%N/A2023-10-31
CPE
CALLON PETROLEUM CO
$2.53B$2.66B$1.37B$934.81M$15.17-9.30%41.62%6.53%17.41%2023-10-31
EOG
EOG RESOURCES INC
$71.40B$25.93B$14.71B$8.71B$14.9516.80%13.27%52.55%17.34%2023-11-02
SWN
SOUTHWESTERN ENERGY CO
$6.71B$11.31B$7.09B$5.52B$4.99-2.74%28.07%N/A36.06%2023-10-25
OVV
OVINTIV INC
$12.38B$11.83B$5.09B$3.34B$13.389.21%22.05%42.64%113.73%2023-11-06
VIST
VISTA ENERGY SAB DE CV
$2.59B$1.18B$785.24M$333.08M$3.7334.65%N/A109.25%N/A2023-10-24
CHK
CHESAPEAKE ENERGY CORP
$10.86B$12.55B$7.27B$6.18B$48.5248.84%N/A241.93%N/A2023-10-30
REPX
RILEY EXPLORATION PERMIAN INC
$603.30M$333.04M$251.57M$151.54M$7.7327.36%129.98%89.46%45.14%2023-11-13
RRC
RANGE RESOURCES CORP
$7.27B$4.56B$2.57B$1.70B$6.9339.35%12.26%223.83%94.34%2023-10-23
REI
RING ENERGY INC
$365.32M$361.54M$268.32M$151.09M$0.9637.89%29.37%14.29%44.96%2023-11-07
HPK
HIGHPEAK ENERGY INC
$2.16B$926.58M$735.95M$257.89M$2.13110.69%N/A121.88%N/A2023-11-13
CNQ
CANADIAN NATURAL RESOURCES LTD
$67.34B$27.78B$12.96B$5.75B$5.23-8.99%11.52%-31.22%25.96%2023-11-01
TALO
TALOS ENERGY INC
$1.99B$1.41B$1.06B$356.75M$4.02-12.29%20.04%71.79%N/A2023-10-31
DVN
DEVON ENERGY CORP
$29.82B$17.01B$8.86B$4.78B$7.35-0.98%22.94%-7.08%N/A2023-11-07
EGY
VAALCO ENERGY INC
$452.52M$364.33M$194.56M$34.84M$0.3824.80%33.04%-75.64%12.59%2023-11-06
OBE
OBSIDIAN ENERGY LTD
$665.78M$533.71M$331.82M$546.44M$6.664.34%18.68%235.65%N/A2023-11-06
WDS
WOODSIDE ENERGY GROUP LTD
$43.90B$18.41B$13.22B$6.60B$3.7679.27%N/A18.23%N/A2023-10-18
DMLP
DORCHESTER MINERALS LP
$1.12B$153.73M$129.83M$106.97M$2.808.16%17.37%-3.78%13.75%2023-11-01
MRO
MARATHON OIL CORP
$15.84B$7.17B$4.90B$2.05B$3.22-1.86%4.40%-23.52%N/A2023-10-31
HES
HESS CORP
$46.10B$10.98B$4.84B$1.48B$4.8116.54%13.27%1.69%N/A2023-10-24
KRP
KIMBELL ROYALTY PARTNERS LP
$1.32B$269.26M$191.53M$103.53M$1.7938.84%46.69%80.81%N/A2023-11-01
STR
SITIO ROYALTIES CORP
$3.77B$502.74M$393.91M$95.40M$0.88111.20%40.59%79.59%N/A2023-11-06
NOG
NORTHERN OIL & GAS INC
$3.62B$2.22B$1.73B$1.22B$14.89158.47%59.96%374.20%N/A2023-11-06
KOS
KOSMOS ENERGY LTD
$3.28B$1.69B$854.67M$214.63M$0.47-17.83%19.89%9.30%N/A2023-11-06
ERF
ENERPLUS CORP
$3.56B$2.07B$1.47B$848.37M$3.7418.08%25.86%66.96%75.44%2023-11-01
MTDR
MATADOR RESOURCES CO
$6.82B$2.75B$1.87B$919.16M$7.767.79%32.12%-12.32%37.31%2023-10-23
PHX
PHX MINERALS INC
$132.83M$59.32M$37.97M$22.02M$0.6248.22%5.04%226.32%-6.76%
OXY
OCCIDENTAL PETROLEUM CORP
$55.64B$31.82B$17.11B$5.86B$6.44-6.68%16.78%-40.43%17.14%2023-11-06
CRC
CALIFORNIA RESOURCES CORP
$3.81B$3.42B$1.48B$907.00M$12.5361.26%N/A22.84%N/A2023-10-31
GPOR
GULFPORT ENERGY CORP
$2.08B$2.21B$1.71B$1.16B$59.12221.36%N/AN/AN/A2023-11-02
PED
PEDEVCO CORP
$85.30M$32.47M$16.64M$3.68M$0.0328.72%60.90%-25.00%-61.89%2023-11-13
WTI
W&T OFFSHORE INC
$603.50M$714.09M$349.76M$124.07M$0.87-6.58%6.42%-5.43%7.71%2023-11-06
VTLE
VITAL ENERGY INC
$975.59M$1.50B$1.13B$864.50M$50.79-22.98%7.19%46.92%2.36%2023-11-01
AMPY
AMPLIFY ENERGY CORP
$269.14M$377.09M$229.55M$419.34M$10.85-10.91%9.82%17,983.33%N/A2023-10-30
DEN
DENBURY INC
$4.88B$1.49B$764.84M$482.02M$9.40-6.81%N/A34.86%N/A2023-11-09
COP
CONOCOPHILLIPS
$142.69B$69.28B$29.17B$12.93B$10.440.61%15.21%-14.14%22.53%2023-11-02
GTE
GRAN TIERRA ENERGY INC
$216.03M$633.13M$401.36M$51.41M$1.37-4.36%3.52%-69.82%68.79%2023-10-30
USEG
US ENERGY CORP
$33.67M$38.45M$10.48M-$1.46M-$0.0647.08%45.31%N/AN/A2023-11-08
GRNT
GRANITE RIDGE RESOURCES INC
$794.22M$503.22M$388.13M$213.64MN/A12.48%N/AN/AN/A
CRGY
CRESCENT ENERGY CO
$1.94B$2.63B$981.50M$192.10M$4.2212.66%N/A-98.78%N/A2023-11-08
BTE
BAYTEX ENERGY CORP
$3.47B$1.55B$1.17B$668.80M$1.20-4.82%16.93%3.57%N/A2023-11-02
CNX
CNX RESOURCES CORP
$3.45B$3.87B$3.13B$1.93B$10.88N/A18.42%N/A24.28%2023-10-25
HUSA
HOUSTON AMERICAN ENERGY CORP
$21.92M$1.19M-$528.70k-$779.29k-$0.07-25.12%-8.55%N/AN/A2023-11-13
CPG
CRESCENT POINT ENERGY CORP
$4.26B$2.84B$1.17B$298.72M$0.5724.74%7.63%-74.95%N/A2023-11-02
BATL
BATTALION OIL CORP
$97.42M$295.37M$209.64M$116.30M$6.96-15.23%N/AN/AN/A2023-11-13
TELL
TELLURIAN INC
$645.82M$266.56M$26.81M-$70.28M-$0.138.58%82.81%N/AN/A2023-10-31
INDO
INDONESIA ENERGY CORP LTD
$33.27M$4.10M-$1.55M-$3.12M-$0.3567.07%2.04%N/AN/A
CKX
CKX LANDS INC
$24.82M$1.15M-$1.68M-$1.18M-$0.6032.05%-2.27%N/AN/A2023-11-07
BRN
BARNWELL INDUSTRIES INC
$26.78M$26.81M$2.65M-$1.01M-$0.108.21%18.71%N/AN/A
TPET
TRIO PETROLEUM CORP
$16.56M$0.00-$4.58M-$5.94M-$0.30N/AN/AN/AN/A
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
$1.52B$4.22B$243.90M-$43.40M-$0.55-1.01%3.19%N/AN/A2023-11-07
EP
EMPIRE PETROLEUM CORP
$224.74M$43.06M-$3.35M-$7.00M-$0.32-11.02%N/AN/AN/A2023-11-13
VIVK
VIVAKOR INC
$18.99M$57.24M-$15.40M-$18.31M-$1.095,792.64%N/AN/AN/A
HHRS
HAMMERHEAD ENERGY INC
$1.03B$764.65M$298.00M$21.63M-$2.1559.77%N/AN/AN/A
TXO
TXO PARTNERS LP
$650.67MN/AN/AN/AN/AN/AN/AN/AN/A
NEXT
NEXTDECADE CORP
$1.30B$0.00-$184.26M-$211.57M-$1.44N/AN/AN/AN/A2023-11-08
VTS
VITESSE ENERGY INC
$638.22MN/AN/AN/AN/AN/AN/AN/AN/A
CEI
CAMBER ENERGY INC
$26.09M$372.85k-$38.33M-$42.26M-$2.58-9.06%-43.80%N/AN/A

Oil and Gas Stocks FAQ

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

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

1. Magnolia Oil & Gas (NYSE:MGY)


Magnolia Oil & Gas (NYSE:MGY) is the top oil and gas stock with a Zen Score of 66, which is 27 points higher than the oil and gas industry average of 39. It passed 26 out of 38 due diligence checks and has strong fundamentals. Magnolia Oil & Gas has seen its stock return 5.45% over the past year.

Magnolia Oil & Gas has an average 1 year price target of $26.90, an upside of 20.9% from Magnolia Oil & Gas's current stock price of $22.25.

Magnolia Oil & Gas stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Magnolia Oil & Gas, 60% have issued a Strong Buy rating, 0% have issued a Buy, 40% 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 64, which is 25 points higher than the oil and gas industry average of 39. It passed 24 out of 38 due diligence checks and has strong fundamentals. Sm Energy Co has seen its stock lose -6.44% over the past year, underperforming other oil and gas stocks by -12 percentage points.

Sm Energy Co has an average 1 year price target of $43.60, an upside of 17.2% from Sm Energy Co's current stock price of $37.20.

Sm Energy Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Sm Energy Co, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Black Stone Minerals (NYSE:BSM)


Black Stone Minerals (NYSE:BSM) is the third best oil and gas stock with a Zen Score of 60, which is 21 points higher than the oil and gas industry average of 39. It passed 22 out of 38 due diligence checks and has strong fundamentals. Black Stone Minerals has seen its stock return 11.98% over the past year, overperforming other oil and gas stocks by 7 percentage points.

Black Stone Minerals has an average 1 year price target of $18.50, an upside of 6.38% from Black Stone Minerals's current stock price of $17.39.

Black Stone Minerals stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Black Stone Minerals, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% 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 50 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 14.43%, which is 10 percentage points higher than the oil and gas industry average of 4.13%. Kimbell Royalty Partners's dividend payout is not stable, having dropped more than 10% five 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 104.5% indicates that its high dividend yield might not be sustainable for the long-term.

2. Sandridge Energy (NYSE:SD)


Sandridge Energy (NYSE:SD) has an annual dividend yield of 13.77%, which is 10 percentage points higher than the oil and gas industry average of 4.13%.

Sandridge Energy's dividend payout ratio of 37% indicates that its high dividend yield is sustainable for the long-term.

3. Dorchester Minerals (NASDAQ:DMLP)


Dorchester Minerals (NASDAQ:DMLP) has an annual dividend yield of 12.77%, which is 9 percentage points higher than the oil and gas industry average of 4.13%. Dorchester Minerals's dividend payout is not stable, having dropped more than 10% ten times in the last 10 years. Dorchester Minerals's dividend has shown consistent growth over the last 10 years.

Dorchester Minerals's dividend payout ratio of 131.6% 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 -0.51% in the last day, and down -1.01% 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. Diamondback Energy (NASDAQ:FANG)


Diamondback Energy (NASDAQ:FANG) is the most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Diamondback Energy has a valuation score of 86, which is 42 points higher than the oil and gas industry average of 44. It passed 6 out of 7 valuation due diligence checks.

Diamondback Energy's stock has gained 18.99% in the past year. It has overperformed other stocks in the oil and gas industry by 14 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 42 points higher than the oil and gas industry average of 44. It passed 6 out of 7 valuation due diligence checks.

Epsilon Energy's stock has dropped -20.45% in the past year. It has underperformed other stocks in the oil and gas industry by -26 percentage points.

3. Primeenergy Resources (NASDAQ:PNRG)


Primeenergy Resources (NASDAQ:PNRG) is the third most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Primeenergy Resources has a valuation score of 86, which is 42 points higher than the oil and gas industry average of 44. It passed 6 out of 7 valuation due diligence checks.

Primeenergy Resources's stock has gained 31% in the past year. It has overperformed other stocks in the oil and gas industry by 26 percentage points.

Are oil and gas stocks a good buy now?

51.67% 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 2.08% 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 10.11x.
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.