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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
CHRD
CHORD ENERGY CORP
$7.51B$3.90B$1.97B$1.02B$24.596.85%N/A-59.60%N/A2024-05-01
GPRK
GEOPARK LTD
$535.02M$756.63M$381.26M$111.07M$1.95-27.91%4.71%-48.41%10.38%2024-05-01
MGY
MAGNOLIA OIL & GAS CORP
$5.27B$1.23B$820.33M$388.30M$2.04-27.59%N/A-56.87%N/A2024-05-08
SWN
SOUTHWESTERN ENERGY CO
$8.01B$6.52B$2.86B$1.56B$1.41-56.53%11.05%-15.57%8.68%2024-04-25
SM
SM ENERGY CO
$5.71B$2.37B$1.70B$817.88M$6.89-29.32%2.81%-24.20%8.70%2024-04-25
VIST
VISTA ENERGY SAB DE CV
$3.94B$1.17B$843.67M$396.96M$4.24-1.59%28.67%38.10%N/A2024-04-24
FANG
DIAMONDBACK ENERGY INC
$35.89B$8.41B$5.98B$3.14B$17.34-12.77%31.05%-29.54%16.47%2024-05-01
SBOW
SILVERBOW RESOURCES INC
$763.14M$652.36M$680.56M$297.72M$12.74-13.41%20.45%-26.10%14.76%2024-05-02
GPOR
GULFPORT ENERGY CORP
$2.80B$1.79B$1.32B$1.25B$67.2434.60%N/A228.80%N/A2024-04-30
RRC
RANGE RESOURCES CORP
$8.41B$3.37B$1.57B$871.14M$3.61-18.63%0.55%-24.63%N/A2024-04-24
BSM
BLACK STONE MINERALS LP
$3.54B$592.22M$472.03M$400.77M$1.91-10.76%-0.58%-12.39%5.52%2024-04-29
VTLE
VITAL ENERGY INC
$1.97B$1.55B$1.12B$694.63M$34.30-19.43%6.95%-9.45%4.19%2024-05-09
DVN
DEVON ENERGY CORP
$32.81B$15.26B$7.45B$3.75B$5.86-20.40%11.39%-35.96%-0.93%2024-05-02
HES
HESS CORP
$46.32B$10.65B$4.64B$1.38B$4.52-7.99%10.48%-33.53%N/A2024-04-25
DMLP
DORCHESTER MINERALS LP
$1.33B$163.80M$140.62M$110.39M$2.85-4.10%17.45%-14.93%12.10%2024-05-02
PR
PERMIAN RESOURCES CORP
$13.54B$3.12B$1.82B$476.31M$1.3646.43%28.49%-24.44%12.34%2024-05-08
TPL
TEXAS PACIFIC LAND CORP
$13.46B$631.60M$532.32M$405.65M$17.60-5.37%16.04%-8.64%14.42%2024-05-01
PXD
PIONEER NATURAL RESOURCES CO
$62.56B$19.36B$9.26B$4.89B$20.89-20.30%15.51%-35.94%29.62%2024-04-24
PHX
PHX MINERALS INC
$119.05M$44.46M$29.58M$13.92M$0.39-19.40%-5.46%-18.75%-13.17%2024-05-07
NOG
NORTHERN OIL & GAS INC
$4.28B$2.17B$1.62B$922.97M$10.0937.93%26.12%8.96%10.66%2024-04-30
CNQ
CANADIAN NATURAL RESOURCES LTD
$82.81B$26.45B$12.66B$6.05B$5.54-12.41%11.67%-19.43%29.15%2024-05-02
MUR
MURPHY OIL CORP
$6.92B$3.46B$1.83B$661.56M$4.26-12.02%14.07%-31.51%12.35%2024-05-02
REPX
RILEY EXPLORATION PERMIAN INC
$576.71M$375.05M$242.92M$111.59M$5.6616.57%129.65%-6.29%25.75%2024-05-09
EOG
EOG RESOURCES INC
$76.79B$24.19B$13.33B$7.59B$13.07-5.90%6.96%-1.80%17.12%2024-05-03
MXC
MEXCO ENERGY CORP
$26.73M$7.01M$4.30M$1.99M$0.93-26.42%19.55%-57.92%46.04%
EGY
VAALCO ENERGY INC
$695.04M$455.07M$271.89M$60.35M$0.5628.43%34.10%-24.32%-19.34%2024-05-07
COP
CONOCOPHILLIPS
$150.97B$58.57B$25.34B$10.96B$9.08-28.70%8.63%-37.89%11.12%2024-05-02
MTDR
MATADOR RESOURCES CO
$7.85B$2.81B$1.87B$846.07M$7.10-8.22%25.55%-30.93%24.12%2024-04-24
MRO
MARATHON OIL CORP
$15.98B$6.70B$4.47B$1.55B$2.56-16.66%0.35%-51.42%14.51%2024-05-01
CIVI
CIVITAS RESOURCES INC
$7.37B$3.48B$2.35B$784.29M$9.09-8.23%65.92%-38.08%2.08%2024-05-03
AMPY
AMPLIFY ENERGY CORP
$268.79M$307.60M$189.49M$375.15M$9.63-32.91%-1.99%568.75%35.74%2024-05-01
CTRA
COTERRA ENERGY INC
$20.47B$5.91B$3.84B$1.63B$2.14-34.66%22.00%-57.96%11.35%2024-05-02
APA
APA CORP
$9.74B$8.19B$4.38B$2.86B$9.26-32.48%1.08%-16.20%142.69%2024-05-02
EQT
EQT CORP
$15.87B$6.91B$4.07B$1.74B$4.56-7.85%8.68%-4.80%N/A2024-04-24
CRK
COMSTOCK RESOURCES INC
$2.56B$1.57B$1.02B$211.89M$0.76-56.86%47.57%-84.00%4.50%2024-05-02
EPSN
EPSILON ENERGY LTD
$115.48M$30.73M$17.91M$6.95M$0.31-56.08%0.69%-79.61%5.25%2024-05-08
CNX
CNX RESOURCES CORP
$3.62B$3.43B$2.80B$1.72B$10.59172.35%14.70%N/A23.08%2024-04-25
PNRG
PRIMEENERGY RESOURCES CORP
$183.02M$132.81M$65.73M$28.10M$15.19-15.47%2.38%-39.02%16.89%2024-05-20
WTI
W&T OFFSHORE INC
$353.93M$532.66M$222.33M$15.60M$0.11-42.17%-1.71%-93.17%-42.30%2024-05-07
CRC
CALIFORNIA RESOURCES CORP
$3.73B$2.80B$1.03B$564.00M$8.103.47%-1.78%16.71%3.65%2024-05-08
CHK
CHESAPEAKE ENERGY CORP
$11.40B$8.72B$4.75B$2.42B$18.21-25.73%-2.76%-52.96%-9.05%2024-04-30
KRP
KIMBELL ROYALTY PARTNERS LP
$1.52B$294.07M$186.67M$60.14M$0.9318.55%33.15%-46.86%N/A2024-05-02
HPK
HIGHPEAK ENERGY INC
$1.91B$1.11B$854.10M$215.87M$1.6447.06%N/A-19.61%71.67%2024-05-08
REI
RING ENERGY INC
$397.85M$361.06M$237.53M$104.86M$0.553.98%24.63%-51.75%29.67%2024-05-01
DEC
DIVERSIFIED ENERGY CO PLC
$665.66M$868.26M$1.22B$758.02M$16.07-54.76%N/AN/AN/A
EPM
EVOLUTION PETROLEUM CORP
$187.69M$96.67M$38.00M$16.68M$0.50-31.53%16.63%-59.68%-0.78%2024-05-07
PED
PEDEVCO CORP
$79.08M$30.78M$11.24M$264.00k$0.002.50%46.75%-100.00%-100.00%2024-05-14
SD
SANDRIDGE ENERGY INC
$530.17M$148.64M$86.44M$60.86M$1.65-41.54%-15.71%-74.96%N/A2024-05-02
CPG
CRESCENT POINT ENERGY CORP
$5.28B$2.49B$1.51B$422.44M$0.7811.96%1.84%-58.73%N/A2024-05-10
BRY
BERRY CORP (BRY)
$635.09M$903.46M$251.38M$37.40M$0.49-1.62%9.02%-84.64%-10.43%2024-05-01
OVV
OVINTIV INC
$13.95B$10.88B$4.69B$2.09B$8.02-12.68%12.88%-44.07%7.56%2024-05-08
ERF
ENERPLUS CORP
$4.05B$1.69B$962.52M$456.08M$2.16-21.40%10.34%-44.76%13.18%2024-05-02
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
$1.21B$4.18B$418.20M$47.10M$0.59-10.78%3.63%N/AN/A2024-05-03
OXY
OCCIDENTAL PETROLEUM CORP
$58.03B$28.92B$14.24B$3.77B$4.22-22.04%8.84%-68.53%-4.81%2024-05-08
BTE
BAYTEX ENERGY CORP
$2.97B$2.01B$535.92M-$172.86M-$0.2420.13%19.82%N/AN/A2024-05-09
MNR
MACH NATURAL RESOURCES LP
$1.89B$762.31M$217.34M$68.52M$0.72-18.68%N/AN/AN/A
TALO
TALOS ENERGY INC
$2.11B$1.46B$1.05B$187.33M$1.56-11.75%10.34%-66.31%-20.16%2024-05-07
CKX
CKX LANDS INC
$26.78M$1.49M$287.15k$142.96k$0.0734.38%4.45%N/A-34.26%2024-05-06
GRNT
GRANITE RIDGE RESOURCES INC
$862.27M$394.07M$271.56M$81.10M$0.61-20.78%N/A-69.04%N/A
OBE
OBSIDIAN ENERGY LTD
$634.67M$506.96M$262.67M$80.00M$0.99-8.56%12.71%-86.13%N/A2024-05-02
HUSA
HOUSTON AMERICAN ENERGY CORP
$19.85M$794.03k-$2.98M-$3.21M-$0.30-51.55%-19.55%N/AN/A2024-05-13
WDS
WOODSIDE ENERGY GROUP LTD
$35.81B$13.99B$7.66B$1.66B$0.88-16.79%N/A-79.65%N/A2024-04-19
BRN
BARNWELL INDUSTRIES INC
$27.98M$23.91M$2.35M-$2.71M-$0.27-21.86%18.80%N/AN/A2024-05-13
INDO
INDONESIA ENERGY CORP LTD
$38.44M$3.61M-$1.91M-$3.68M-$0.38-3.27%N/AN/AN/A
BATL
BATTALION OIL CORP
$89.19M$220.76M$86.90M-$15.10M-$0.92-38.52%N/AN/AN/A2024-05-13
TELL
TELLURIAN INC
$301.22M$166.13M-$49.70M-$166.18M-$0.29-57.61%74.44%N/AN/A2024-05-01
TXO
TXO PARTNERS LP
$558.42M$380.72M-$55.28M-$103.99M-$3.4454.51%N/AN/AN/A
CRGY
CRESCENT ENERGY CO
$1.99B$2.38B$912.43M$67.61M$1.02-22.06%14.72%-53.64%-70.41%2024-05-08
VET
VERMILION ENERGY INC
$1.91B$1.48B$439.51M-$174.70M-$1.07-39.44%5.96%N/AN/A2024-05-01
VTS
VITESSE ENERGY INC
$672.73M$233.91M$127.39M-$21.58M-$0.73-17.02%6.43%N/AN/A2024-05-06
STR
SITIO ROYALTIES CORP
$3.68B$593.36M$292.60M-$77.85M-$0.2060.53%43.59%N/AN/A
GFR
GREENFIRE RESOURCES LTD
$435.19M$491.67M$46.12M-$99.76M-$1.83-16.74%N/AN/AN/A
VIVK
VIVAKOR INC
$24.02M$59.32M-$2.69M-$10.74M-$0.56111.06%N/AN/AN/A2024-05-23
KOS
KOSMOS ENERGY LTD
$2.86B$1.70B$922.49M$213.52M$0.46-26.01%13.52%-8.00%N/A2024-05-07
AR
ANTERO RESOURCES CORP
$8.85B$4.68B$1.13B$242.92M$0.81-34.41%2.49%-86.89%N/A2024-04-24
USEG
US ENERGY CORP
$32.17M$32.32M-$20.72M-$32.36M-$1.28-27.46%42.30%N/AN/A
EP
EMPIRE PETROLEUM CORP
$131.19M$40.08M-$8.08M-$12.47M-$0.55-24.22%143.78%N/AN/A2024-05-13
TPET
TRIO PETROLEUM CORP
$12.55M$0.00-$7.13M-$7.43M-$0.28N/AN/AN/AN/A
GTE
GRAN TIERRA ENERGY INC
$259.58M$636.96M$382.52M-$6.29M-$0.19-10.46%0.76%N/AN/A2024-04-30
CEI
CAMBER ENERGY INC
$25.62M$32.05M-$28.92M-$32.65M-$0.4633.35%52.00%N/AN/A
SOC
SABLE OFFSHORE CORP
$622.12M$0.00-$11.01M-$27.64MN/AN/AN/AN/AN/A
KGEI
KOLIBRI GLOBAL ENERGY INC
$114.34MN/AN/AN/AN/AN/AN/AN/AN/A2024-05-02
NEXT
NEXTDECADE CORP
$1.54B$0.00-$168.21M-$182.75M-$0.94N/AN/AN/AN/A2024-05-09

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 26.18% over the past year, overperforming other oil and gas stocks by 13 percentage points.

Chord Energy has an average 1 year price target of $203.00, an upside of 12.08% from Chord Energy's current stock price of $181.12.

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. Geopark (NYSE:GPRK)


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 -16.35% over the past year, underperforming other oil and gas stocks by -30 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.

3. Magnolia Oil & Gas (NYSE:MGY)


Magnolia Oil & Gas (NYSE:MGY) 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 21 out of 38 due diligence checks and has strong fundamentals. Magnolia Oil & Gas has seen its stock return 13.39% over the past year.

Magnolia Oil & Gas has an average 1 year price target of $26.50, an upside of 2.63% from Magnolia Oil & Gas's current stock price of $25.82.

Magnolia Oil & Gas stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Magnolia Oil & Gas, 50% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 16.67% 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 26.66%, which is 23 percentage points higher than the oil and gas industry average of 3.62%.

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 12.09%, which is 8 percentage points higher than the oil and gas industry average of 3.62%. 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 10.5%, which is 7 percentage points higher than the oil and gas industry average of 3.62%. 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 down?

Oil and gas stocks were down -0.77% in the last day, and down -3.54% over the last week. Trio Petroleum was the among the top losers in the oil & gas e&p industry, dropping -30.33% yesterday.

Trio Petroleum shares are trading lower after the company announced it entered into a securities purchase agreement with an institutional investor in the amount of $360,000.

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 26.18% in the past year. It has overperformed other stocks in the oil and gas industry by 13 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 -37.7% in the past year. It has underperformed other stocks in the oil and gas industry by -51 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 6.81% in the past year. It has underperformed other stocks in the oil and gas industry by -7 percentage points.

Are oil and gas stocks a good buy now?

51.85% 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 14.56% 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 13.14x.
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.