According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best oil & gas drilling stocks to buy right now are:
1. Nabors Industries (NYSE:NBR)
The Component Grade breakdown for Nabors Industries (NYSE:NBR) is: Value: C, Growth: B, Momentum: F, Sentiment: C, Safety: C, Financials: C, and AI: C.
Nabors Industries (NYSE:NBR) has a Due Diligence Score of 17, which is -8 points lower than the oil & gas drilling industry average of 25.
NBR passed 7 out of 38 due diligence checks and has weak fundamentals. Nabors Industries has seen its stock lose -60.01% over the past year, underperforming other oil & gas drilling stocks by -16 percentage points.
Nabors Industries has an average 1 year
price target of $43.00, an upside of 44.15% from Nabors Industries's current stock price of $29.83.
Nabors Industries stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Nabors Industries, 20% have issued a Strong Buy rating, 0% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Precision Drilling (NYSE:PDS)
The Component Grade breakdown for Precision Drilling (NYSE:PDS) is: Value: B, Growth: D, Momentum: D, Sentiment: D, Safety: B, Financials: C, and AI: C.
Precision Drilling (NYSE:PDS) has a Due Diligence Score of 28, which is 3 points higher than the oil & gas drilling industry average of 25.
PDS passed 11 out of 38 due diligence checks and has average fundamentals. Precision Drilling has seen its stock lose -38.92% over the past year, overperforming other oil & gas drilling stocks by 5 percentage points.
3. Transocean (NYSE:RIG)
Transocean (NYSE:RIG) is the #3 top oil & gas drilling stock out of 9 with a Zen Rating of D. Stocks with a rating of D have had an average return of -4.5% per year.
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The Component Grade breakdown for Transocean (NYSE:RIG) is: Value: C, Growth: C, Momentum: F, Sentiment: D, Safety: B, Financials: D, and AI: D.
Transocean (NYSE:RIG) has a Due Diligence Score of 13, which is -12 points lower than the oil & gas drilling industry average of 25.
RIG passed 5 out of 38 due diligence checks and has weak fundamentals. Transocean has seen its stock lose -56.5% over the past year, underperforming other oil & gas drilling stocks by -12 percentage points.
Transocean has an average 1 year
price target of $4.29, an upside of 64.21% from Transocean's current stock price of $2.61.
Transocean stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Transocean, 28.57% have issued a Strong Buy rating, 0% have issued a Buy, 71.43% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.