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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
PFIE
PROFIRE ENERGY INC
NASDAQ
Oil & Gas Equipment & Services
$81.94M$1.74-3.33%$13.56M7.57x0.17
VAL
VALARIS LTD
NYSE
Oil & Gas Equipment & Services
$4.92B$67.93-1.99%$252.80M5.82x1.17
PUMP
PROPETRO HOLDING CORP
NYSE
Oil & Gas Equipment & Services
$880.97M$8.190.24%$301.70M10.78x0.48
SDPI
SUPERIOR DRILLING PRODUCTS INC
NYSEMKT
Oil & Gas Equipment & Services
$34.34M$1.132.26%$3.64M4.52x0.62
RNGR
RANGER ENERGY SERVICES INC
NYSE
Oil & Gas Equipment & Services
$245.89M$10.85-2.52%$74.40M11.19x0.39
LBRT
LIBERTY ENERGY INC
NYSE
Oil & Gas Equipment & Services
$3.59B$21.52-0.28%$1.19B6.64x0.65
DTI
DRILLING TOOLS INTERNATIONAL CORP
NASDAQ
Oil & Gas Equipment & Services
$139.91M$4.702.62%$45.76M7.01x0.49
WFRD
WEATHERFORD INTERNATIONAL PLC
NASDAQ
Oil & Gas Equipment & Services
$7.98B$110.41-2.90%$924.00M19.07x4.49
RES
RPC INC
NYSE
Oil & Gas Equipment & Services
$1.65B$7.65-0.65%$364.71M8.50x0.26
BKR
BAKER HUGHES CO
NASDAQ
Oil & Gas Equipment & Services
$32.05B$32.02-0.25%$3.93B16.59x1.39
DNOW
DNOW INC
NYSE
Oil & Gas Equipment & Services
$1.55B$14.62-1.88%$163.00M6.47x0.44
HAL
HALLIBURTON CO
NYSE
Oil & Gas Equipment & Services
$33.86B$38.04-1.04%$4.73B12.98x1.62
WHD
CACTUS INC
NYSE
Oil & Gas Equipment & Services
$3.92B$49.40-1.08%$288.23M18.85x0.53
MRC
MRC GLOBAL INC
NYSE
Oil & Gas Equipment & Services
$982.30M$11.64-1.61%$225.00M10.88x2.87
GEOS
GEOSPACE TECHNOLOGIES CORP
NASDAQ
Oil & Gas Equipment & Services
$163.13M$12.25-0.97%$41.55M6.45x0.14
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
NYSE
Oil & Gas Equipment & Services
$350.97M$8.16-2.16%$71.65M10.46x0.74
SLB
SCHLUMBERGER LIMITED
NYSE
Oil & Gas Equipment & Services
$72.53B$50.81-1.17%$8.03B17.22x1.32
BOOM
DMC GLOBAL INC
NASDAQ
Oil & Gas Equipment & Services
$330.03M$16.680.12%$87.40M15.44x0.70
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
NYSE
Oil & Gas Equipment & Services
$578.53M$20.79-0.57%$186.93M11.88x3.34
CHX
CHAMPIONX CORP
NASDAQ
Oil & Gas Equipment & Services
$6.89B$36.07-1.56%$709.84M22.54x0.94
SLCA
US SILICA HOLDINGS INC
NYSE
Oil & Gas Equipment & Services
$980.00M$12.55-1.72%$434.97M6.57x1.46
NGS
NATURAL GAS SERVICES GROUP INC
NYSE
Oil & Gas Equipment & Services
$288.29M$23.18-1.02%$37.25M59.44x1.03
NOV
NOV INC
NYSE
Oil & Gas Equipment & Services
$7.28B$18.47-2.07%$1.01B7.30x0.82
CLB
CORE LABORATORIES INC
NYSE
Oil & Gas Equipment & Services
$782.04M$16.69-3.19%$70.07M21.13x1.59
FTI
TECHNIPFMC PLC
NYSE
Oil & Gas Equipment & Services
$10.97B$25.340.24%$710.90M194.92x2.07
AESI
ATLAS ENERGY SOLUTIONS INC
NYSE
Oil & Gas Equipment & Services
$2.20B$21.97-0.90%$186.13M14.65x0.45
OII
OCEANEERING INTERNATIONAL INC
NYSE
Oil & Gas Equipment & Services
$2.27B$22.53-1.92%$302.54M23.23x2.56
DRQ
DRIL-QUIP INC
NYSE
Oil & Gas Equipment & Services
$683.46M$19.86-3.64%$35.60M993.00x0.17
FTK
FLOTEK INDUSTRIES INC
NYSE
Oil & Gas Equipment & Services
$102.34M$3.45-1.43%$31.47M3.45x0.55
KLXE
KLX ENERGY SERVICES HOLDINGS INC
NASDAQ
Oil & Gas Equipment & Services
$117.06M$7.00-4.50%$131.50M5.69x12.91
TTI
TETRA TECHNOLOGIES INC
NYSE
Oil & Gas Equipment & Services
$566.00M$4.34-2.03%$88.68M21.70x2.23
USAC
USA COMPRESSION PARTNERS LP
NYSE
Oil & Gas Equipment & Services
$2.57B$24.97-0.12%$485.65M118.90x-8.71
SND
SMART SAND INC
NASDAQ
Oil & Gas Equipment & Services
$85.16M$1.980.00%$27.29M16.50x0.43
OIS
OIL STATES INTERNATIONAL INC
NYSE
Oil & Gas Equipment & Services
$344.61M$5.42-2.69%$86.17M27.10x0.48
RCON
RECON TECHNOLOGY LTD
NASDAQ
Oil & Gas Equipment & Services
$4.76M$0.10-7.41%-$6.81M-0.42x0.21
NCSM
NCS MULTISTAGE HOLDINGS INC
NASDAQ
Oil & Gas Equipment & Services
$39.90M$16.05-0.06%$1.82M-12.64x0.47
AROC
ARCHROCK INC
NYSE
Oil & Gas Equipment & Services
$3.16B$19.07-1.65%$423.30M28.46x2.05
DWSN
DAWSON GEOPHYSICAL CO
NASDAQ
Oil & Gas Equipment & Services
$66.25M$2.1513.16%-$3.65M-4.78x0.83
NR
NEWPARK RESOURCES INC
NYSE
Oil & Gas Equipment & Services
$621.97M$7.30-2.01%$64.74M42.94x0.55
EFXT
ENERFLEX LTD
NYSE
Oil & Gas Equipment & Services
$722.67M$5.83-1.69%$241.02M-8.74x1.81
XPRO
EXPRO GROUP HOLDINGS NV
NYSE
Oil & Gas Equipment & Services
$2.05B$18.62-3.07%$197.15M-88.67x0.55
KGS
KODIAK GAS SERVICES INC
NYSE
Oil & Gas Equipment & Services
$2.02B$26.14-1.54%$444.98M90.14x1.84
HLX
HELIX ENERGY SOLUTIONS GROUP INC
NYSE
Oil & Gas Equipment & Services
$1.63B$10.69-1.66%$188.97M-152.71x0.70
FET
FORUM ENERGY TECHNOLOGIES INC
NYSE
Oil & Gas Equipment & Services
$235.60M$19.18-1.34%$45.21M-10.37x0.99
TDW
TIDEWATER INC
NYSE
Oil & Gas Equipment & Services
$4.71B$90.06-2.32%$317.74M47.90x0.99
VTOL
BRISTOW GROUP INC
NYSE
Oil & Gas Equipment & Services
$701.70M$24.78-0.44%$145.16M-103.25x1.35
ACDC
PROFRAC HOLDING CORP
NASDAQ
Oil & Gas Equipment & Services
$1.20B$7.49-5.90%$496.80M-9.13x1.44
ENSV
ENSERVCO CORP
NYSEMKT
Oil & Gas Equipment & Services
$7.61M$0.28-14.24%-$2.22M-0.67x-25.25
NINE
NINE ENERGY SERVICE INC
NYSE
Oil & Gas Equipment & Services
$92.20M$2.61-1.88%$72.67M-2.69x-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. Profire Energy (NASDAQ:PFIE)


Profire Energy (NASDAQ:PFIE) is the top oil & gas equipment & service stock with a Zen Score of 59, which is 23 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. Profire Energy has seen its stock return 48.72% over the past year, overperforming other oil & gas equipment & service stocks by 32 percentage points.

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 11.28% over the past year, underperforming other oil & gas equipment & service stocks by -6 percentage points.

Propetro Holding has an average 1 year price target of $11.00, an upside of 34.31% from Propetro Holding's current stock price of $8.19.

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. Valaris (NYSE:VAL)


Valaris (NYSE:VAL) is the third 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 19 out of 33 due diligence checks and has strong fundamentals. Valaris has seen its stock return 1.8% over the past year, underperforming other oil & gas equipment & service stocks by -15 percentage points.

Valaris has an average 1 year price target of $99.00, an upside of 45.74% from Valaris's current stock price of $67.93.

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.

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

Out of 15 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 8.41%, which is 6 percentage points higher than the oil & gas equipment & service industry average of 2.15%. 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 5.64%, which is 3 percentage points higher than the oil & gas equipment & service industry average of 2.15%. 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 3.28%, which is 1 percentage points higher than the oil & gas equipment & service industry average of 2.15%. 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 -1.6% in the last day, and down -6.91% 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 100, which is 62 points higher than the oil & gas equipment & service industry average of 38. It passed 7 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 48.72% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 32 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 33 points higher than the oil & gas equipment & service industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Dmc Global's stock has dropped -14.77% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -32 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 33 points higher than the oil & gas equipment & service industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Drilling Tools International's stock has dropped -55.11% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -72 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 23.6% 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 27.58x.
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.