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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
$7.26B41,438,13497.86%2.14%Net SellingNet Selling
GPRK
GEOPARK LTD
Chile
$515.65M55,327,52042.96%8.71%
SM
SM ENERGY CO
United States
$5.53B115,746,54094.88%4.58%Net SellingNet Selling
MGY
MAGNOLIA OIL & GAS CORP
United States
$5.09B204,276,95163.48%36.52%Net SellingNet Selling
DVN
DEVON ENERGY CORP
United States
$31.81B632,000,00069.92%8.44%Net SellingNet Selling
FANG
DIAMONDBACK ENERGY INC
United States
$35.25B178,343,73390.06%7.92%Net SellingNet Selling
BSM
BLACK STONE MINERALS LP
United States
$3.65B225,024,69613.55%31.93%Net SellingNet Selling
DMLP
DORCHESTER MINERALS LP
United States
$1.33B40,088,61218.97%13.73%Net Buying
PR
PERMIAN RESOURCES CORP
United States
$12.91B771,862,16741.59%58.41%Net SellingNet Selling
NOG
NORTHERN OIL & GAS INC
United States
$4.04B101,055,32342.34%57.66%Net SellingNet Selling
MXC
MEXCO ENERGY CORP
United States
$25.53M2,097,8385.87%68.20%Net BuyingNet Buying
COP
CONOCOPHILLIPS
United States
$142.98B1,169,533,97682.73%0.46%Net SellingNet Selling
VTLE
VITAL ENERGY INC
United States
$1.87B36,678,05115.17%84.83%Net SellingNet Selling
TPL
TEXAS PACIFIC LAND CORP
United States
$12.85B23,005,26620.31%18.55%Net BuyingNet Buying
REPX
RILEY EXPLORATION PERMIAN INC
United States
$506.94M20,400,03213.09%86.91%Net SellingNet Selling
EQT
EQT CORP
United States
$17.43B441,592,00084.11%15.89%Net SellingNet Selling
APA
APA CORP
United States
$10.83B371,192,34467.38%1.24%Net Selling
PXD
PIONEER NATURAL RESOURCES CO
United States
$63.00B233,675,15880.48%1.30%Net SellingNet Selling
CNQ
CANADIAN NATURAL RESOURCES LTD
Canada
$80.10B1,069,988,00074.42%0.00%
PHX
PHX MINERALS INC
United States
$123.92M37,438,23737.36%33.38%Net SellingNet Buying
HES
HESS CORP
United States
$48.70B307,152,06468.62%31.38%Net SellingNet Selling
EPSN
EPSILON ENERGY LTD
United States
$118.33M21,913,20234.54%65.46%Net BuyingNet Buying
CHK
CHESAPEAKE ENERGY CORP
United States
$11.37B131,048,46385.09%14.91%Net SellingNet Selling
EGY
VAALCO ENERGY INC
United States
$645.46M103,274,17350.26%12.25%Net BuyingNet Buying
MUR
MURPHY OIL CORP
United States
$6.75B152,576,27578.24%12.02%Net SellingNet Selling
AMPY
AMPLIFY ENERGY CORP
United States
$279.05M39,470,25814.23%85.77%Net SellingNet Selling
VIST
VISTA ENERGY SAB DE CV
Mexico
$4.13B97,190,83547.76%0.00%
CTRA
COTERRA ENERGY INC
United States
$20.42B751,847,43287.91%2.70%Net SellingNet Selling
MRO
MARATHON OIL CORP
United States
$14.72B564,035,50278.90%1.12%Net SellingNet Selling
MTDR
MATADOR RESOURCES CO
United States
$7.75B124,780,24986.68%13.32%Net SellingNet Selling
EOG
EOG RESOURCES INC
United States
$75.75B574,710,61490.60%1.08%Net SellingNet Selling
CRC
CALIFORNIA RESOURCES CORP
United States
$3.57B69,274,41898.23%1.77%Net SellingNet Selling
CPG
CRESCENT POINT ENERGY CORP
Canada
$5.40B619,929,49044.40%0.00%
SBOW
SILVERBOW RESOURCES INC
United States
$781.22M25,538,48791.45%5.47%Net SellingNet Selling
PNRG
PRIMEENERGY RESOURCES CORP
United States
$185.83M1,790,2454.18%95.82%Net SellingNet Selling
SD
SANDRIDGE ENERGY INC
United States
$504.57M37,100,83261.73%1.77%Net SellingNet Selling
CIVI
CIVITAS RESOURCES INC
United States
$7.06B100,091,38952.16%47.84%Net SellingNet Selling
REI
RING ENERGY INC
United States
$370.14M197,934,20235.56%64.44%Net SellingNet Selling
EPM
EVOLUTION PETROLEUM CORP
United States
$185.01M33,456,33024.88%75.12%Net SellingNet Selling
WTI
W&T OFFSHORE INC
United States
$334.83M146,857,27732.46%67.54%Net Selling
BRY
BERRY CORP (BRY)
United States
$618.59M76,938,99447.61%52.39%Net SellingNet Selling
OVV
OVINTIV INC
United States
$13.76B269,515,12481.02%0.82%Net SellingNet Selling
PED
PEDEVCO CORP
United States
$87.57M89,355,2671.20%98.80%Net Selling
HPK
HIGHPEAK ENERGY INC
United States
$1.82B128,420,92311.90%88.10%Net Buying
CNX
CNX RESOURCES CORP
United States
$3.56B153,245,44872.84%27.16%Net BuyingNet Buying
DEC
DIVERSIFIED ENERGY CO PLC
United States
$633.07M47,923,72622.35%0.00%
GPOR
GULFPORT ENERGY CORP
United States
$2.73B18,121,73077.94%22.06%Net SellingNet Selling
CRK
COMSTOCK RESOURCES INC
United States
$2.88B292,202,27430.77%69.23%Net BuyingNet Buying
KRP
KIMBELL ROYALTY PARTNERS LP
United States
$1.53B95,493,77125.46%17.33%Net SellingNet Selling
ERF
ENERPLUS CORP
Canada
$3.99B204,624,00058.03%0.00%
OXY
OCCIDENTAL PETROLEUM CORP
United States
$56.87B879,499,43979.07%10.09%Net BuyingNet Buying
BTE
BAYTEX ENERGY CORP
Canada
$2.93B821,680,61933.74%0.00%
MNR
MACH NATURAL RESOURCES LP
United States
$1.96B95,000,0006.00%94.00%Net Selling
TALO
TALOS ENERGY INC
United States
$2.09B158,632,59741.48%58.52%Net BuyingNet Buying
CLMT
CALUMET SPECIALTY PRODUCTS PARTNERS LP
United States
$1.28B80,223,09318.46%81.54%Net Buying
CKX
CKX LANDS INC
United States
$27.43M1,991,33715.96%69.23%Net SellingNet Selling
RRC
RANGE RESOURCES CORP
United States
$8.49B242,626,94293.33%6.67%Net SellingNet Buying
AR
ANTERO RESOURCES CORP
United States
$10.15B310,807,00012.71%87.29%Net SellingNet Selling
INDO
INDONESIA ENERGY CORP LTD
Indonesia
$39.38M10,202,6940.50%0.00%
GRNT
GRANITE RIDGE RESOURCES INC
United States
$832.27M130,449,07531.56%46.15%Net SellingNet Buying
SOWG
SOW GOOD INC
United States
N/A9,618,9520.00%100.00%Net BuyingNet Buying
HUSA
HOUSTON AMERICAN ENERGY CORP
United States
$16.47M10,906,35312.18%80.91%Net Buying
BRN
BARNWELL INDUSTRIES INC
United States
$28.19M10,028,09012.17%87.83%Net BuyingNet Buying
BATL
BATTALION OIL CORP
United States
$83.11M16,456,56386.03%0.67%
WDS
WOODSIDE ENERGY GROUP LTD
Australia
$33.63B1,898,749,7711.66%0.00%
CRGY
CRESCENT ENERGY CO
United States
$1.89B179,656,92432.21%27.21%Net SellingNet Selling
TELL
TELLURIAN INC
United States
$354.56M836,226,72931.35%31.06%Net Buying
VET
VERMILION ENERGY INC
Canada
$1.91B162,271,07131.71%0.00%
TXO
TXO PARTNERS LP
United States
$561.50M30,750,0005.95%94.05%Net SellingNet Selling
GFR
GREENFIRE RESOURCES LTD
Canada
$401.56M68,642,51527.73%0.00%
SWN
SOUTHWESTERN ENERGY CO
United States
$7.96B1,102,844,90686.65%1.72%Net SellingNet Selling
OBE
OBSIDIAN ENERGY LTD
Canada
$616.08M77,300,00013.50%42.39%
VTS
VITESSE ENERGY INC
United States
$658.30M29,453,97551.56%24.85%Net Selling
VIVK
VIVAKOR INC
United States
$34.08M27,710,25311.65%72.43%Net BuyingNet Buying
KOS
KOSMOS ENERGY LTD
United States
$2.70B471,502,54353.94%46.06%Net SellingNet Selling
STR
SITIO ROYALTIES CORP
United States
$3.61B157,392,39943.49%56.51%Net SellingNet Selling
USEG
US ENERGY CORP
United States
$29.25M25,327,9501.03%98.97%Net Selling
TPET
TRIO PETROLEUM CORP
United States
$13.18M36,911,8230.29%14.15%Net SellingNet Selling
EP
EMPIRE PETROLEUM CORP
United States
$146.57M25,623,67410.30%89.70%Net BuyingNet Buying
GTE
GRAN TIERRA ENERGY INC
Canada
$272.59M31,332,18412.75%87.25%Net SellingNet Selling
CEI
CAMBER ENERGY INC
United States
$26.51M148,940,2992.84%25.88%
SOC
SABLE OFFSHORE CORP
United States
$630.54M60,166,2695.79%48.12%Net BuyingNet Buying
KGEI
KOLIBRI GLOBAL ENERGY INC
United States
$112.56M35,620,92127.26%0.00%
NEXT
NEXTDECADE CORP
United States
$1.67B256,708,47032.49%67.51%Net Buying

Oil and Gas Stocks FAQ

What are the best oil and gas stocks to buy right now in May 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 64, which is 32 points higher than the oil and gas industry average of 32. It passed 25 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 28.38% over the past year, overperforming other oil and gas stocks by 7 percentage points.

Chord Energy has an average 1 year price target of $208.17, an upside of 18.76% from Chord Energy's current stock price of $175.29.

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 24 points higher than the oil and gas industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Geopark has seen its stock lose -10.81% over the past year, underperforming other oil and gas stocks by -33 percentage points.

Geopark has an average 1 year price target of $12.50, an upside of 34.12% from Geopark's current stock price of $9.32.

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. Sm Energy Co (NYSE:SM)


Sm Energy Co (NYSE:SM) is the third best oil and gas stock with a Zen Score of 55, which is 23 points higher than the oil and gas industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Sm Energy Co has seen its stock return 80.9% over the past year, overperforming other oil and gas stocks by 59 percentage points.

Sm Energy Co has an average 1 year price target of $51.89, an upside of 8.69% from Sm Energy Co's current stock price of $47.74.

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.

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. Mexco Energy (NYSEMKT:MXC)


Mexco Energy (NYSEMKT:MXC) has an annual dividend yield of N/A, which is N/A percentage points lower than the oil and gas industry average of 3.75%.

Mexco Energy's dividend payout ratio of 10.8% indicates that its dividend yield is sustainable for the long-term.

2. Sandridge Energy (NYSE:SD)


Sandridge Energy (NYSE:SD) has an annual dividend yield of 28.01%, which is 24 percentage points higher than the oil and gas industry average of 3.75%.

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

3. Black Stone Minerals (NYSE:BSM)


Black Stone Minerals (NYSE:BSM) has an annual dividend yield of 11.73%, which is 8 percentage points higher than the oil and gas industry average of 3.75%. 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.

Why are oil and gas stocks up?

Oil and gas stocks were up 0.47% in the last day, and down -4.14% 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 100, which is 60 points higher than the oil and gas industry average of 40. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 28.38% in the past year. It has overperformed other stocks in the oil and gas industry by 7 percentage points.

2. Chesapeake Energy (NASDAQ:CHK)


Chesapeake Energy (NASDAQ:CHK) is the second most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Chesapeake Energy has a valuation score of 100, which is 60 points higher than the oil and gas industry average of 40. It passed 7 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 8.34% in the past year. It has underperformed other stocks in the oil and gas industry by -14 percentage points.

3. Amplify Energy (NYSE:AMPY)


Amplify Energy (NYSE:AMPY) is the third most undervalued oil and gas stock based on WallStreetZen's Valuation Score. Amplify Energy has a valuation score of 71, which is 31 points higher than the oil and gas industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Amplify Energy's stock has gained 6.64% in the past year. It has underperformed other stocks in the oil and gas industry by -15 percentage points.

Are oil and gas stocks a good buy now?

48.15% 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 18.77% 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 15.67x.
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.