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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.

Industry: Oil & Gas E&P
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
CHRD
CHORD ENERGY CORP
United States
$7.51B41,438,13497.86%2.14%Net SellingNet Selling
GPRK
GEOPARK LTD
Chile
$535.02M55,327,52042.96%8.71%
MGY
MAGNOLIA OIL & GAS CORP
United States
$5.27B204,276,95163.48%36.52%Net SellingNet Selling
SWN
SOUTHWESTERN ENERGY CO
United States
$8.01B1,101,463,05286.76%1.73%Net SellingNet Selling
SM
SM ENERGY CO
United States
$5.71B115,746,54094.88%4.58%Net SellingNet Selling
VIST
VISTA ENERGY SAB DE CV
Mexico
$3.94B95,355,43048.67%0.00%
FANG
DIAMONDBACK ENERGY INC
United States
$35.89B178,446,58390.01%7.92%Net SellingNet Selling
SBOW
SILVERBOW RESOURCES INC
United States
$763.14M25,429,61091.84%5.49%Net SellingNet Selling
GPOR
GULFPORT ENERGY CORP
United States
$2.80B18,191,65077.93%22.07%Net SellingNet Selling
RRC
RANGE RESOURCES CORP
United States
$8.41B242,119,57193.32%6.68%Net SellingNet Buying
BSM
BLACK STONE MINERALS LP
United States
$3.54B225,024,69613.55%31.93%Net SellingNet Selling
VTLE
VITAL ENERGY INC
United States
$1.97B36,678,05115.17%84.83%Net SellingNet Selling
DVN
DEVON ENERGY CORP
United States
$32.81B635,000,00069.59%8.40%Net SellingNet Selling
HES
HESS CORP
United States
$46.32B307,152,06468.62%31.38%Net SellingNet Selling
DMLP
DORCHESTER MINERALS LP
United States
$1.33B39,583,24319.21%13.91%Net BuyingNet Buying
PR
PERMIAN RESOURCES CORP
United States
$13.54B771,862,16741.59%58.41%Net SellingNet Selling
TPL
TEXAS PACIFIC LAND CORP
United States
$13.46B23,005,26620.31%18.55%Net BuyingNet Buying
PXD
PIONEER NATURAL RESOURCES CO
United States
$62.56B233,623,12180.50%1.30%Net SellingNet Selling
PHX
PHX MINERALS INC
United States
$119.05M37,438,23737.36%33.38%Net SellingNet Buying
NOG
NORTHERN OIL & GAS INC
United States
$4.28B100,873,12742.34%57.66%Net SellingNet Selling
CNQ
CANADIAN NATURAL RESOURCES LTD
Canada
$82.81B1,072,408,00074.25%0.00%
MUR
MURPHY OIL CORP
United States
$6.92B152,755,02778.15%12.01%Net SellingNet Selling
REPX
RILEY EXPLORATION PERMIAN INC
United States
$576.71M20,400,03213.10%86.90%Net SellingNet Selling
EOG
EOG RESOURCES INC
United States
$76.79B580,001,87289.78%1.07%Net SellingNet Selling
MXC
MEXCO ENERGY CORP
United States
$26.73M2,097,8385.87%68.20%Net BuyingNet Buying
EGY
VAALCO ENERGY INC
United States
$695.04M103,274,17350.26%12.25%Net BuyingNet Buying
COP
CONOCOPHILLIPS
United States
$150.97B1,176,408,36882.25%0.46%Net SellingNet Selling
MTDR
MATADOR RESOURCES CO
United States
$7.85B119,519,88386.87%13.13%Net SellingNet Selling
MRO
MARATHON OIL CORP
United States
$15.98B577,197,36977.10%1.08%Net SellingNet Selling
CIVI
CIVITAS RESOURCES INC
United States
$7.37B101,020,53252.16%47.84%Net SellingNet Selling
AMPY
AMPLIFY ENERGY CORP
United States
$268.79M39,470,25814.23%85.77%Net SellingNet Selling
CTRA
COTERRA ENERGY INC
United States
$20.47B751,847,43287.91%2.70%Net SellingNet Selling
APA
APA CORP
United States
$9.74B301,818,82082.86%1.52%Net SellingNet Selling
EQT
EQT CORP
United States
$15.87B440,427,00084.11%15.89%Net SellingNet Selling
CRK
COMSTOCK RESOURCES INC
United States
$2.56B278,429,46330.77%69.23%Net BuyingNet Buying
EPSN
EPSILON ENERGY LTD
United States
$115.48M21,913,20234.54%65.46%Net BuyingNet Selling
CNX
CNX RESOURCES CORP
United States
$3.62B151,791,45772.84%27.16%Net BuyingNet Buying
PNRG
PRIMEENERGY RESOURCES CORP
United States
$183.02M1,790,2454.17%95.83%Net SellingNet Selling
WTI
W&T OFFSHORE INC
United States
$353.93M146,857,27732.46%67.54%Net Selling
CRC
CALIFORNIA RESOURCES CORP
United States
$3.73B69,274,41898.23%1.77%Net SellingNet Selling
CHK
CHESAPEAKE ENERGY CORP
United States
$11.40B130,794,77085.09%14.91%Net SellingNet Selling
KRP
KIMBELL ROYALTY PARTNERS LP
United States
$1.52B94,698,75325.68%17.47%Net SellingNet Selling
HPK
HIGHPEAK ENERGY INC
United States
$1.91B128,420,92311.90%88.10%Net Buying
REI
RING ENERGY INC
United States
$397.85M197,934,20235.56%64.44%Net SellingNet Selling
DEC
DIVERSIFIED ENERGY CO PLC
United States
$665.66M47,923,72622.35%0.00%
EPM
EVOLUTION PETROLEUM CORP
United States
$187.69M33,456,33024.88%75.12%Net SellingNet Selling
PED
PEDEVCO CORP
United States
$79.08M89,355,2671.20%98.80%Net SellingNet Selling
SD
SANDRIDGE ENERGY INC
United States
$530.17M37,100,83261.73%1.77%Net SellingNet Selling
CPG
CRESCENT POINT ENERGY CORP
Canada
$5.28B619,929,49044.40%0.00%
BRY
BERRY CORP (BRY)
United States
$635.09M76,333,11147.61%52.39%Net SellingNet Selling
OVV
OVINTIV INC
United States
$13.95B269,515,12481.02%0.82%Net SellingNet Selling
ERF
ENERPLUS CORP
Canada
$4.05B202,197,98858.73%0.00%
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
United States
$1.21B80,223,09318.46%81.54%Net Buying
OXY
OCCIDENTAL PETROLEUM CORP
United States
$58.03B879,499,43979.07%10.09%Net BuyingNet Buying
BTE
BAYTEX ENERGY CORP
Canada
$2.97B821,680,61933.74%0.00%
MNR
MACH NATURAL RESOURCES LP
United States
$1.89B95,000,0006.00%94.00%Net Selling
TALO
TALOS ENERGY INC
United States
$2.11B158,632,59741.48%58.52%Net BuyingNet Buying
CKX
CKX LANDS INC
United States
$26.78M1,991,33715.96%69.23%Net SellingNet Selling
GRNT
GRANITE RIDGE RESOURCES INC
United States
$862.27M130,449,07531.56%46.15%Net SellingNet Buying
OBE
OBSIDIAN ENERGY LTD
Canada
$634.67M77,588,53813.45%42.23%
HUSA
HOUSTON AMERICAN ENERGY CORP
United States
$19.85M10,906,35312.18%80.91%Net Buying
WDS
WOODSIDE ENERGY GROUP LTD
Australia
$35.81B1,898,749,7711.66%0.00%
BRN
BARNWELL INDUSTRIES INC
United States
$27.98M10,028,09012.28%87.72%Net BuyingNet Buying
INDO
INDONESIA ENERGY CORP LTD
Indonesia
$38.44M10,142,6940.51%0.00%
BATL
BATTALION OIL CORP
United States
$89.19M16,456,56386.03%0.67%
TELL
TELLURIAN INC
United States
$301.22M782,393,43133.50%33.19%Net Buying
TXO
TXO PARTNERS LP
United States
$558.42M30,750,0005.95%94.05%Net SellingNet Selling
CRGY
CRESCENT ENERGY CO
United States
$1.99B179,656,92432.21%27.21%Net SellingNet Selling
VET
VERMILION ENERGY INC
Canada
$1.91B162,271,07131.71%0.00%
VTS
VITESSE ENERGY INC
United States
$672.73M29,453,97551.56%24.80%Net Selling
STR
SITIO ROYALTIES CORP
United States
$3.68B157,392,39943.49%56.51%Net SellingNet Selling
GFR
GREENFIRE RESOURCES LTD
Canada
$435.19M68,642,51527.73%0.00%
VIVK
VIVAKOR INC
United States
$24.02M27,710,25311.65%71.45%Net Buying
KOS
KOSMOS ENERGY LTD
United States
$2.86B471,502,54353.94%46.06%Net SellingNet Selling
AR
ANTERO RESOURCES CORP
United States
$8.85B303,568,00012.70%87.30%Net SellingNet Selling
USEG
US ENERGY CORP
United States
$32.17M25,327,9501.03%98.97%Net SellingNet Selling
EP
EMPIRE PETROLEUM CORP
United States
$131.19M25,623,67412.04%63.63%Net Buying
TPET
TRIO PETROLEUM CORP
United States
$12.55M36,911,8230.29%14.15%Net SellingNet Selling
GTE
GRAN TIERRA ENERGY INC
Canada
$259.58M32,246,50112.75%87.25%Net SellingNet Selling
CEI
CAMBER ENERGY INC
United States
$25.62M148,940,2992.84%25.88%
SOC
SABLE OFFSHORE CORP
United States
$622.12M60,166,2695.79%43.35%Net BuyingNet Buying
KGEI
KOLIBRI GLOBAL ENERGY INC
United States
$114.34M35,620,92127.26%0.00%
NEXT
NEXTDECADE CORP
United States
$1.54B256,708,47032.49%67.51%Net BuyingNet Selling

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.