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Best Oil & Gas Equipment & Service Stocks to Buy Now (2024)
Top oil & gas equipment & service stocks in 2024 ranked by overall Zen Score. See the best oil & gas equipment & service stocks to buy now, according to analyst forecasts for the oil & gas equipment & services industry.

Industry: Oil & Gas Equipment & Ser...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
VAL
VALARIS LTD
NYSE
Oil & Gas Equipment & Services
$4.89B$67.47-2.39%$252.80M5.78x1.17
PUMP
PROPETRO HOLDING CORP
NYSE
Oil & Gas Equipment & Services
$931.53M$8.660.23%$301.70M11.39x0.48
SDPI
SUPERIOR DRILLING PRODUCTS INC
NYSEMKT
Oil & Gas Equipment & Services
$37.99M$1.250.00%$3.64M5.00x0.62
PFIE
PROFIRE ENERGY INC
NASDAQ
Oil & Gas Equipment & Services
$87.12M$1.85-1.07%$13.56M8.04x0.17
RNGR
RANGER ENERGY SERVICES INC
NYSE
Oil & Gas Equipment & Services
$235.01M$10.37-2.54%$74.40M10.69x0.39
WFRD
WEATHERFORD INTERNATIONAL PLC
NASDAQ
Oil & Gas Equipment & Services
$9.14B$125.015.86%$988.00M19.78x3.66
BKR
BAKER HUGHES CO
NASDAQ
Oil & Gas Equipment & Services
$32.60B$32.67-1.00%$3.80B17.95x1.40
DTI
DRILLING TOOLS INTERNATIONAL CORP
NASDAQ
Oil & Gas Equipment & Services
$160.45M$5.392.28%$45.76M8.04x0.49
RES
RPC INC
NYSE
Oil & Gas Equipment & Services
$1.71B$7.92-1.37%$364.71M8.80x0.26
DNOW
DNOW INC
NYSE
Oil & Gas Equipment & Services
$1.57B$14.77-2.51%$163.00M6.54x0.44
HAL
HALLIBURTON CO
NYSE
Oil & Gas Equipment & Services
$34.28B$38.720.34%$4.73B13.35x1.55
MRC
MRC GLOBAL INC
NYSE
Oil & Gas Equipment & Services
$984.83M$11.67-3.15%$225.00M10.91x2.87
WHD
CACTUS INC
NYSE
Oil & Gas Equipment & Services
$4.15B$52.32-0.49%$288.23M19.97x0.53
GEOS
GEOSPACE TECHNOLOGIES CORP
NASDAQ
Oil & Gas Equipment & Services
$166.20M$12.48-0.40%$41.55M6.57x0.14
LBRT
LIBERTY ENERGY INC
NYSE
Oil & Gas Equipment & Services
$3.79B$22.76-0.22%$1.10B8.10x0.64
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
NYSE
Oil & Gas Equipment & Services
$365.59M$8.50-1.16%$71.65M10.90x0.74
SLCA
US SILICA HOLDINGS INC
NYSE
Oil & Gas Equipment & Services
$1.00B$12.85-0.93%$434.97M6.73x1.46
BOOM
DMC GLOBAL INC
NASDAQ
Oil & Gas Equipment & Services
$330.23M$16.69-0.30%$87.40M15.45x0.70
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
NYSE
Oil & Gas Equipment & Services
$596.06M$21.420.33%$186.93M12.24x3.34
CHX
CHAMPIONX CORP
NASDAQ
Oil & Gas Equipment & Services
$6.62B$34.65-1.28%$709.84M21.66x0.94
SLB
SCHLUMBERGER LIMITED
NYSE
Oil & Gas Equipment & Services
$70.19B$49.11-0.89%$8.23B16.10x1.25
NGS
NATURAL GAS SERVICES GROUP INC
NYSE
Oil & Gas Equipment & Services
$301.85M$24.270.25%$37.25M62.23x1.03
NOV
NOV INC
NYSE
Oil & Gas Equipment & Services
$7.42B$18.83-0.16%$1.01B7.44x0.82
CLB
CORE LABORATORIES INC
NYSE
Oil & Gas Equipment & Services
$774.54M$16.53-2.71%$70.07M20.92x1.59
AESI
ATLAS ENERGY SOLUTIONS INC
NYSE
Oil & Gas Equipment & Services
$2.25B$22.47-0.58%$186.13M14.98x0.45
FTI
TECHNIPFMC PLC
NYSE
Oil & Gas Equipment & Services
$11.13B$25.72-0.46%$710.90M197.85x2.07
DWSN
DAWSON GEOPHYSICAL CO
NASDAQ
Oil & Gas Equipment & Services
$47.45M$1.54-5.23%-$3.65M-3.42x0.83
OII
OCEANEERING INTERNATIONAL INC
NYSE
Oil & Gas Equipment & Services
$2.32B$23.05-0.69%$302.54M23.76x2.56
DRQ
DRIL-QUIP INC
NYSE
Oil & Gas Equipment & Services
$657.31M$19.10-1.85%$35.60M955.00x0.17
FTK
FLOTEK INDUSTRIES INC
NYSE
Oil & Gas Equipment & Services
$103.23M$3.480.58%$31.47M3.48x0.55
TTI
TETRA TECHNOLOGIES INC
NYSE
Oil & Gas Equipment & Services
$580.35M$4.45-0.67%$88.68M22.25x2.23
KLXE
KLX ENERGY SERVICES HOLDINGS INC
NASDAQ
Oil & Gas Equipment & Services
$119.23M$7.13-4.30%$131.50M5.80x12.91
USAC
USA COMPRESSION PARTNERS LP
NYSE
Oil & Gas Equipment & Services
$2.55B$24.75-0.76%$485.65M117.86x-8.71
SND
SMART SAND INC
NASDAQ
Oil & Gas Equipment & Services
$89.89M$2.092.45%$27.29M17.42x0.43
OIS
OIL STATES INTERNATIONAL INC
NYSE
Oil & Gas Equipment & Services
$333.81M$5.25-4.02%$86.17M26.25x0.48
RCON
RECON TECHNOLOGY LTD
NASDAQ
Oil & Gas Equipment & Services
$4.14M$0.09-13.86%-$6.81M-0.37x0.21
AROC
ARCHROCK INC
NYSE
Oil & Gas Equipment & Services
$3.29B$19.84-0.55%$423.30M29.61x2.05
NCSM
NCS MULTISTAGE HOLDINGS INC
NASDAQ
Oil & Gas Equipment & Services
$40.65M$16.350.00%$1.82M-12.88x0.47
XPRO
EXPRO GROUP HOLDINGS NV
NYSE
Oil & Gas Equipment & Services
$2.12B$19.22-0.88%$197.15M-91.52x0.55
NR
NEWPARK RESOURCES INC
NYSE
Oil & Gas Equipment & Services
$618.56M$7.26-0.95%$64.74M42.71x0.55
EFXT
ENERFLEX LTD
NYSE
Oil & Gas Equipment & Services
$709.03M$5.72-1.55%$241.02M-8.58x1.81
KGS
KODIAK GAS SERVICES INC
NYSE
Oil & Gas Equipment & Services
$2.14B$27.58-0.51%$444.98M95.10x1.84
HLX
HELIX ENERGY SOLUTIONS GROUP INC
NYSE
Oil & Gas Equipment & Services
$1.68B$11.01-1.26%$188.97M-157.29x0.70
FET
FORUM ENERGY TECHNOLOGIES INC
NYSE
Oil & Gas Equipment & Services
$238.92M$19.45-0.26%$45.21M-10.51x0.99
TDW
TIDEWATER INC
NYSE
Oil & Gas Equipment & Services
$4.84B$92.67-1.49%$317.74M49.29x0.99
VTOL
BRISTOW GROUP INC
NYSE
Oil & Gas Equipment & Services
$739.36M$26.11-0.11%$145.16M-108.79x1.35
ACDC
PROFRAC HOLDING CORP
NASDAQ
Oil & Gas Equipment & Services
$1.29B$8.10-1.82%$496.80M-9.88x1.44
TRSG
TUNGRAY TECHNOLOGIES INC
NASDAQ
Oil & Gas Equipment & Services
N/A$6.9020.10%$2.02M69.00x0.72
ENSV
ENSERVCO CORP
NYSEMKT
Oil & Gas Equipment & Services
$6.85M$0.26-6.59%-$2.22M-0.61x-25.25
NINE
NINE ENERGY SERVICE INC
NYSE
Oil & Gas Equipment & Services
$81.25M$2.30-4.96%$72.67M-2.37x-12.28

Oil & Gas Equipment & Service Stocks FAQ

What are the best oil & gas equipment & service stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best oil & gas equipment & service stocks to buy right now are:

1. Valaris (NYSE:VAL)


Valaris (NYSE:VAL) is the top oil & gas equipment & service stock with a Zen Score of 58, which is 22 points higher than the oil & gas equipment & service industry average of 36. It passed 19 out of 33 due diligence checks and has strong fundamentals. Valaris has seen its stock return 7.06% over the past year, underperforming other oil & gas equipment & service stocks by -14 percentage points.

Valaris has an average 1 year price target of $99.00, an upside of 46.73% from Valaris's current stock price of $67.47.

Valaris stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Valaris, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Propetro Holding (NYSE:PUMP)


Propetro Holding (NYSE:PUMP) is the second best oil & gas equipment & service stock with a Zen Score of 58, which is 22 points higher than the oil & gas equipment & service industry average of 36. It passed 18 out of 33 due diligence checks and has strong fundamentals. Propetro Holding has seen its stock return 19.78% over the past year, underperforming other oil & gas equipment & service stocks by -1 percentage points.

Propetro Holding has an average 1 year price target of $11.00, an upside of 27.02% from Propetro Holding's current stock price of $8.66.

Propetro Holding stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Propetro Holding, 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. Superior Drilling Products (NYSEMKT:SDPI)


Superior Drilling Products (NYSEMKT:SDPI) is the third best oil & gas equipment & service stock with a Zen Score of 57, which is 21 points higher than the oil & gas equipment & service industry average of 36. It passed 18 out of 33 due diligence checks and has strong fundamentals. Superior Drilling Products has seen its stock return 23.76% over the past year, overperforming other oil & gas equipment & service stocks by 3 percentage points.

What are the oil & gas equipment & service stocks with highest dividends?

Out of 16 oil & gas equipment & service stocks that have issued dividends in the past year, the 3 oil & gas equipment & service stocks with the highest dividend yields are:

1. Dawson Geophysical Co (NASDAQ:DWSN)


Dawson Geophysical Co (NASDAQ:DWSN) has an annual dividend yield of 20.78%, which is 18 percentage points higher than the oil & gas equipment & service industry average of 3.22%. Dawson Geophysical Co's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Dawson Geophysical Co's dividend has shown consistent growth over the last 10 years.

Dawson Geophysical Co's dividend payout ratio of 0% indicates that its high dividend yield might not be sustainable for the long-term.

2. Usa Compression Partners (NYSE:USAC)


Usa Compression Partners (NYSE:USAC) has an annual dividend yield of 8.48%, which is 5 percentage points higher than the oil & gas equipment & service industry average of 3.22%. Usa Compression Partners's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Usa Compression Partners's dividend has shown consistent growth over the last 10 years.

Usa Compression Partners's dividend payout ratio of 1,000% indicates that its high dividend yield might not be sustainable for the long-term.

3. Solaris Oilfield Infrastructure (NYSE:SOI)


Solaris Oilfield Infrastructure (NYSE:SOI) has an annual dividend yield of 5.41%, which is 2 percentage points higher than the oil & gas equipment & service industry average of 3.22%. Solaris Oilfield Infrastructure's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Solaris Oilfield Infrastructure's dividend has shown consistent growth over the last 10 years.

Solaris Oilfield Infrastructure's dividend payout ratio of 57.7% indicates that its high dividend yield is sustainable for the long-term.

Why are oil & gas equipment & service stocks down?

Oil & gas equipment & service stocks were down -0.07% in the last day, and up 2.97% over the last week.

We couldn't find a catalyst for why oil & gas equipment & service stocks are down.

What are the most undervalued oil & gas equipment & service stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued oil & gas equipment & service stocks right now are:

1. Profire Energy (NASDAQ:PFIE)


Profire Energy (NASDAQ:PFIE) is the most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Profire Energy has a valuation score of 86, which is 49 points higher than the oil & gas equipment & service industry average of 37. It passed 6 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 55.46% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 34 percentage points.

2. Dmc Global (NASDAQ:BOOM)


Dmc Global (NASDAQ:BOOM) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Dmc Global has a valuation score of 71, which is 34 points higher than the oil & gas equipment & service industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Dmc Global's stock has dropped -19.1% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -40 percentage points.

3. Drilling Tools International (NASDAQ:DTI)


Drilling Tools International (NASDAQ:DTI) is the third most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Drilling Tools International has a valuation score of 71, which is 34 points higher than the oil & gas equipment & service industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Drilling Tools International's stock has dropped -48.62% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -70 percentage points.

Are oil & gas equipment & service stocks a good buy now?

57.58% of oil & gas equipment & service stocks rated by analysts are a strong buy right now. On average, analysts expect oil & gas equipment & service stocks to rise by 19.84% over the next year.

What is the average p/e ratio of the oil & gas equipment & services industry?

The average P/E ratio of the oil & gas equipment & services industry is 27.48x.
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.