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Best Oil & Gas Equipment & Service Stocks to Buy Now (2022)

Top oil & gas equipment & service stocks in 2022 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.

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

Target Hospitality (NASDAQ:TH) is the top oil & gas equipment & service stock with a Zen Score of 66, which is 35 points higher than the oil & gas equipment & service industry average of 31. It passed 23 out of 33 due diligence checks and has strong fundamentals. Target Hospitality has seen its stock return 214.93% over the past year, overperforming other oil & gas equipment & service stocks by 212 percentage points.

Target Hospitality has an average 1 year price target of $18.00, an upside of 42.18% from Target Hospitality's current stock price of $12.66.

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

Nextier Oilfield Solutions (NYSE:NEX) is the second best oil & gas equipment & service stock with a Zen Score of 60, which is 29 points higher than the oil & gas equipment & service industry average of 31. It passed 20 out of 33 due diligence checks and has strong fundamentals. Nextier Oilfield Solutions has seen its stock return 84.27% over the past year, overperforming other oil & gas equipment & service stocks by 81 percentage points.

Nextier Oilfield Solutions has an average 1 year price target of $13.07, an upside of 46.87% from Nextier Oilfield Solutions's current stock price of $8.90.

Nextier Oilfield Solutions stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Nextier Oilfield Solutions, 42.86% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Solaris Oilfield Infrastructure (NYSE:SOI) is the third best oil & gas equipment & service stock with a Zen Score of 57, which is 26 points higher than the oil & gas equipment & service industry average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Solaris Oilfield Infrastructure has seen its stock return 27.37% over the past year, overperforming other oil & gas equipment & service stocks by 24 percentage points.

Solaris Oilfield Infrastructure has an average 1 year price target of $12.00, an upside of 13.1% from Solaris Oilfield Infrastructure's current stock price of $10.61.

Solaris Oilfield Infrastructure stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Solaris Oilfield Infrastructure, 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.

Out of 14 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:

Usa Compression Partners (NYSE:USAC) has an annual dividend yield of 11.65%, which is 8 percentage points higher than the oil & gas equipment & service industry average of 3.28%. 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 -700% indicates that its high dividend yield might not be sustainable for the long-term.

Archrock (NYSE:AROC) has an annual dividend yield of 8.15%, which is 5 percentage points higher than the oil & gas equipment & service industry average of 3.28%. Archrock's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Archrock's dividend has not shown consistent growth over the last 10 years.

Archrock's dividend payout ratio of 263.6% indicates that its high dividend yield might not be sustainable for the long-term.

Marine Petroleum Trust (NASDAQ:MARPS) has an annual dividend yield of 8%, which is 5 percentage points higher than the oil & gas equipment & service industry average of 3.28%. Marine Petroleum Trust's dividend payout is not stable, having dropped more than 10% fifteen times in the last 10 years. Marine Petroleum Trust's dividend has not shown consistent growth over the last 10 years.

Marine Petroleum Trust's dividend payout ratio of 112.3% indicates that its high dividend yield might not be sustainable for the long-term.

Oil & gas equipment & service stocks were up 3.59% in the last day, and up 12.81% over the last week. Klx Energy Services Holdings was the among the top gainers in the oil & gas equipment & services industry, gaining 13.37% yesterday.

Shares of several oil and energy companies are trading higher after the OPEC+ JMMC reportedly agreed to production cuts of 2 million barrels per day. Additionally, better-than-expected crude inventories data has also helped life the sector in today's session.

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

Recon Technology (NASDAQ:RCON) is the most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Recon Technology has a valuation score of 71, which is 45 points higher than the oil & gas equipment & service industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Recon Technology's stock has dropped -75.59% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -79 percentage points.

Championx (NASDAQ:CHX) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Championx has a valuation score of 57, which is 31 points higher than the oil & gas equipment & service industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Championx's stock has dropped -11.26% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -14 percentage points.

Profire Energy (NASDAQ:PFIE) is the third most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Profire Energy has a valuation score of 57, which is 31 points higher than the oil & gas equipment & service industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Profire Energy's stock has dropped -20.18% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -23 percentage points.