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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
$4.59B$63.37-2.94%$252.80M5.43x1.17
PUMP
PROPETRO HOLDING CORP
NYSE
Oil & Gas Equipment & Services
$805.84M$7.31-2.92%$348.83M7.10x0.43
WHD
CACTUS INC
NYSE
Oil & Gas Equipment & Services
$3.63B$45.680.40%$251.94M19.27x0.55
LBRT
LIBERTY ENERGY INC
NYSE
Oil & Gas Equipment & Services
$3.52B$21.13-0.24%$1.19B6.52x0.65
WFRD
WEATHERFORD INTERNATIONAL PLC
NASDAQ
Oil & Gas Equipment & Services
$7.54B$104.240.11%$924.00M18.00x4.49
BKR
BAKER HUGHES CO
NASDAQ
Oil & Gas Equipment & Services
$29.51B$29.48-0.81%$3.93B15.27x1.39
PFIE
PROFIRE ENERGY INC
NASDAQ
Oil & Gas Equipment & Services
$69.00M$1.450.69%$13.06M7.63x0.12
HAL
HALLIBURTON CO
NYSE
Oil & Gas Equipment & Services
$31.11B$34.95-0.03%$4.73B11.93x1.62
DNOW
DNOW INC
NYSE
Oil & Gas Equipment & Services
$1.51B$14.182.46%$163.00M6.27x0.44
RES
RPC INC
NYSE
Oil & Gas Equipment & Services
$1.58B$7.32-0.41%$418.64M6.59x0.25
GEOS
GEOSPACE TECHNOLOGIES CORP
NASDAQ
Oil & Gas Equipment & Services
$163.93M$12.31-2.92%$41.55M6.48x0.14
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
NYSE
Oil & Gas Equipment & Services
$352.69M$8.20-2.03%$71.65M10.51x0.74
MRC
MRC GLOBAL INC
NYSE
Oil & Gas Equipment & Services
$973.86M$11.54-2.20%$225.00M10.79x2.87
SND
SMART SAND INC
NASDAQ
Oil & Gas Equipment & Services
$82.18M$1.99-4.33%$36.61M6.22x0.41
SLB
SCHLUMBERGER LIMITED
NYSE
Oil & Gas Equipment & Services
$68.74B$48.16-0.62%$8.03B16.33x1.32
RNGR
RANGER ENERGY SERVICES INC
NYSE
Oil & Gas Equipment & Services
$251.45M$10.30-1.62%$78.90M8.58x0.40
SDPI
SUPERIOR DRILLING PRODUCTS INC
NYSEMKT
Oil & Gas Equipment & Services
$21.27M$0.70-0.28%$4.81M10.00x1.13
CHX
CHAMPIONX CORP
NASDAQ
Oil & Gas Equipment & Services
$5.95B$31.12-0.99%$709.84M19.45x0.94
ACDC
PROFRAC HOLDING CORP
NASDAQ
Oil & Gas Equipment & Services
$1.30B$8.140.87%$597.87M8.39x1.49
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
NYSE
Oil & Gas Equipment & Services
$666.91M$24.94-0.64%$179.75M12.70x1.97
NOV
NOV INC
NYSE
Oil & Gas Equipment & Services
$6.67B$16.92-1.63%$1.01B6.69x0.82
CLB
CORE LABORATORIES INC
NYSE
Oil & Gas Equipment & Services
$693.95M$14.81-0.94%$70.07M18.75x1.59
OII
OCEANEERING INTERNATIONAL INC
NYSE
Oil & Gas Equipment & Services
$2.09B$20.77-2.85%$302.54M21.41x2.56
SLCA
US SILICA HOLDINGS INC
NYSE
Oil & Gas Equipment & Services
$893.32M$11.44-3.05%$434.97M5.99x1.46
KLXE
KLX ENERGY SERVICES HOLDINGS INC
NASDAQ
Oil & Gas Equipment & Services
$132.41M$8.07-5.50%$145.70M2.64x9.97
BOOM
DMC GLOBAL INC
NASDAQ
Oil & Gas Equipment & Services
$330.83M$16.72-4.51%$87.40M15.48x0.70
FTI
TECHNIPFMC PLC
NYSE
Oil & Gas Equipment & Services
$9.48B$21.91-0.27%$710.90M168.54x2.07
USAC
USA COMPRESSION PARTNERS LP
NYSE
Oil & Gas Equipment & Services
$2.53B$24.560.45%$485.65M116.95x-8.71
TTI
TETRA TECHNOLOGIES INC
NYSE
Oil & Gas Equipment & Services
$532.09M$4.085.97%$88.68M20.40x2.23
AESI
ATLAS ENERGY SOLUTIONS INC
NYSE
Oil & Gas Equipment & Services
$1.93B$19.30-2.57%$186.13M12.87x0.45
DRQ
DRIL-QUIP INC
NYSE
Oil & Gas Equipment & Services
$779.47M$22.65-3.70%$35.60M1,132.50x0.17
HLX
HELIX ENERGY SOLUTIONS GROUP INC
NYSE
Oil & Gas Equipment & Services
$1.36B$9.05-0.66%$209.37M64.64x0.59
RCON
RECON TECHNOLOGY LTD
NASDAQ
Oil & Gas Equipment & Services
$8.00M$0.171.82%-$6.81M-0.71x0.21
AROC
ARCHROCK INC
NYSE
Oil & Gas Equipment & Services
$2.97B$17.950.62%$423.30M26.79x2.05
NGS
NATURAL GAS SERVICES GROUP INC
NYSE
Oil & Gas Equipment & Services
$203.85M$16.39-0.97%$31.44M91.06x0.93
NCSM
NCS MULTISTAGE HOLDINGS INC
NASDAQ
Oil & Gas Equipment & Services
$36.34M$14.90-4.18%-$34.99M-0.90x1.44
OIS
OIL STATES INTERNATIONAL INC
NYSE
Oil & Gas Equipment & Services
$343.98M$5.41-1.99%$86.17M27.05x0.48
EFXT
ENERFLEX LTD
NYSE
Oil & Gas Equipment & Services
$671.48M$5.42-1.09%$248.83M-13.76x1.72
FTK
FLOTEK INDUSTRIES INC
NYSE
Oil & Gas Equipment & Services
$86.91M$2.93-1.35%$11.64M-14.65x0.53
DWSN
DAWSON GEOPHYSICAL CO
NASDAQ
Oil & Gas Equipment & Services
$41.60M$1.35-5.59%-$3.59M-2.60x0.58
NR
NEWPARK RESOURCES INC
NYSE
Oil & Gas Equipment & Services
$528.25M$6.20-3.43%$64.74M36.47x0.55
XPRO
EXPRO GROUP HOLDINGS NV
NYSE
Oil & Gas Equipment & Services
$2.00B$18.13-2.32%$197.15M-86.33x0.55
TDW
TIDEWATER INC
NYSE
Oil & Gas Equipment & Services
$3.72B$70.37-2.13%$243.87M49.56x1.01
CCLP
CSI COMPRESSCO LP
NASDAQ
Oil & Gas Equipment & Services
$279.73M$1.97-0.51%$123.87M-24.63x-20.98
FET
FORUM ENERGY TECHNOLOGIES INC
NYSE
Oil & Gas Equipment & Services
$198.05M$19.43-0.41%$49.39M-8.00x0.99
NINE
NINE ENERGY SERVICE INC
NYSE
Oil & Gas Equipment & Services
$75.60M$2.142.88%$85.78M-5.35x-15.81
VTOL
BRISTOW GROUP INC
NYSE
Oil & Gas Equipment & Services
$764.62M$27.07-1.42%$106.35M-24.83x1.38
DTI
DRILLING TOOLS INTERNATIONAL CORP
NASDAQ
Oil & Gas Equipment & Services
$89.90M$3.021.34%N/AN/A0.55
ENSV
ENSERVCO CORP
NYSEMKT
Oil & Gas Equipment & Services
$5.32M$0.200.00%-$1.96M-0.42x10.70
KGS
KODIAK GAS SERVICES INC
NYSE
Oil & Gas Equipment & Services
$1.92B$24.77-0.20%N/AN/A1.77

Oil & Gas Equipment & Service Stocks FAQ

What are the best oil & gas equipment & service stocks to buy right now in Feb 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 55, which is 21 points higher than the oil & gas equipment & service industry average of 34. It passed 18 out of 33 due diligence checks and has strong fundamentals. Valaris has seen its stock lose -5.77% over the past year, underperforming other oil & gas equipment & service stocks by -5 percentage points.

Valaris has an average 1 year price target of $100.75, an upside of 58.99% from Valaris's current stock price of $63.37.

Valaris stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Valaris, 75% have issued a Strong Buy rating, 25% 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 55, which is 21 points higher than the oil & gas equipment & service industry average of 34. It passed 17 out of 33 due diligence checks and has strong fundamentals. Propetro Holding has seen its stock lose -17.03% over the past year, underperforming other oil & gas equipment & service stocks by -16 percentage points.

Propetro Holding has an average 1 year price target of $11.00, an upside of 50.48% from Propetro Holding's current stock price of $7.31.

Propetro Holding stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Propetro Holding, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Cactus (NYSE:WHD)


Cactus (NYSE:WHD) is the third best oil & gas equipment & service stock with a Zen Score of 53, which is 19 points higher than the oil & gas equipment & service industry average of 34. It passed 20 out of 38 due diligence checks and has strong fundamentals. Cactus has seen its stock lose -0.59% over the past year, overperforming other oil & gas equipment & service stocks by 1 percentage points.

Cactus has an average 1 year price target of $55.80, an upside of 22.15% from Cactus's current stock price of $45.68.

Cactus stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Cactus, 40% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 20% have issued a Sell rating, and 0% have issued a Strong Sell.

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. Usa Compression Partners (NYSE:USAC)


Usa Compression Partners (NYSE:USAC) has an annual dividend yield of 8.55%, which is 6 percentage points higher than the oil & gas equipment & service industry average of 2.13%. 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.

2. Solaris Oilfield Infrastructure (NYSE:SOI)


Solaris Oilfield Infrastructure (NYSE:SOI) has an annual dividend yield of 5.49%, which is 3 percentage points higher than the oil & gas equipment & service industry average of 2.13%. 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.

3. Archrock (NYSE:AROC)


Archrock (NYSE:AROC) has an annual dividend yield of 3.48%, which is 1 percentage points higher than the oil & gas equipment & service industry average of 2.13%. Archrock's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Archrock's dividend has shown consistent growth over the last 10 years.

Archrock's dividend payout ratio of 93.3% indicates that its dividend yield might not be sustainable for the long-term.

Why are oil & gas equipment & service stocks down?

Oil & gas equipment & service stocks were down -1.19% in the last day, and down -0.23% 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. Mrc Global (NYSE:MRC)


Mrc Global (NYSE:MRC) is the most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Mrc Global has a valuation score of 71, which is 36 points higher than the oil & gas equipment & service industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Mrc Global's stock has gained 3.04% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 4 percentage points.

2. Valaris (NYSE:VAL)


Valaris (NYSE:VAL) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Valaris has a valuation score of 71, which is 36 points higher than the oil & gas equipment & service industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Valaris's stock has dropped -5.77% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -5 percentage points.

3. Profrac Holding (NASDAQ:ACDC)


Profrac Holding (NASDAQ:ACDC) is the third most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Profrac Holding has a valuation score of 71, which is 36 points higher than the oil & gas equipment & service industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Profrac Holding's stock has dropped -57.45% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -56 percentage points.

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

51.52% 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 30.96% 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 26.95x.
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.