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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
Price
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
VAL
VALARIS LTD
$65.06-5.82%-5.87%-11.76%1.20%-1.62%9.33%N/AN/AN/A$78.92$54.1317.56%20.19%0.961,569,294164.86%
PUMP
PROPETRO HOLDING CORP
$8.72-3.11%0.93%10.24%-2.02%-16.48%21.45%-9.45%-60.60%N/A$11.37$6.3323.31%37.76%1.432,390,34274.22%
SDPI
SUPERIOR DRILLING PRODUCTS INC
$1.29-3.37%3.20%39.91%72.46%67.53%31.63%54.49%29.00%N/A$2.21$0.5841.63%122.41%0.7442,587-74.78%
PFIE
PROFIRE ENERGY INC
$1.810.00%-3.21%-2.69%13.84%-2.69%57.39%48.36%14.56%-55.96%$3.29$1.0944.98%66.06%0.6682,492-43.76%
RNGR
RANGER ENERGY SERVICES INC
$9.84-3.62%-7.52%-14.36%-5.84%-25.68%-13.53%71.73%34.79%N/A$14.64$9.2732.79%6.15%0.22150,177-18.01%
DTI
DRILLING TOOLS INTERNATIONAL CORP
$5.80-2.03%10.06%81.25%87.70%52.79%-44.74%N/AN/AN/A$10.58$2.4345.18%138.68%0.0237,338-63.70%
BKR
BAKER HUGHES CO
$32.62-1.81%-1.15%-2.45%11.18%-6.69%12.95%62.45%35.80%N/A$37.58$26.8113.19%21.67%1.159,519,684104.70%
WFRD
WEATHERFORD INTERNATIONAL PLC
$123.62-4.36%4.68%4.47%41.83%35.16%91.27%1,066.23%N/AN/A$129.70$55.814.69%121.49%1.061,106,27065.25%
DNOW
DNOW INC
$14.11-4.27%-6.86%-6.74%36.59%27.58%31.26%43.69%-3.49%N/A$15.58$8.839.41%59.80%1.08619,206-1.68%
RES
RPC INC
$6.69-6.04%-16.69%-14.34%-12.20%-20.26%-9.35%37.65%-34.99%-69.91%$9.42$6.3428.94%5.52%0.942,694,49553.36%
HAL
HALLIBURTON CO
$37.47-3.63%-2.90%-6.16%1.79%-4.95%15.12%91.56%32.26%-40.59%$43.85$27.8414.55%34.59%1.447,386,94987.68%
GEOS
GEOSPACE TECHNOLOGIES CORP
$12.15-3.34%-3.03%-10.79%-19.16%3.32%67.82%61.57%-9.67%-79.10%$17.09$6.6128.91%83.81%1.1349,19083.24%
MRC
MRC GLOBAL INC
$11.23-3.11%-6.80%-10.23%5.94%6.04%16.13%19.21%-35.20%-61.53%$13.00$8.1513.62%37.79%1.39402,36677.99%
WHD
CACTUS INC
$49.64-5.41%-5.59%0.00%12.84%6.25%22.21%66.52%36.75%N/A$57.00$31.3712.91%58.27%1.22460,16226.15%
LBRT
LIBERTY ENERGY INC
$22.00-4.72%-3.55%4.91%2.09%12.82%68.58%88.03%47.55%N/A$23.31$11.625.62%89.33%1.362,760,86838.96%
CHX
CHAMPIONX CORP
$33.57-2.86%-4.36%-5.17%19.04%10.17%23.74%59.78%-15.42%N/A$39.95$24.9815.97%34.39%1.482,153,960-14.18%
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$8.81-4.65%2.44%1.15%13.53%-2.65%10.54%-19.47%-48.15%N/A$11.33$6.5922.21%33.69%1.13306,062-49.99%
SLB
SCHLUMBERGER LIMITED
$47.48-3.52%-4.18%-14.02%-3.79%-15.82%-3.40%75.53%11.25%-53.24%$62.12$42.7323.57%11.12%1.1914,090,23157.61%
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$21.10-4.74%-1.17%-6.35%-11.27%2.73%9.38%56.64%61.44%168.11%$26.30$18.0219.77%17.12%0.8893,816147.89%
BOOM
DMC GLOBAL INC
$15.85-4.29%-5.32%-17.96%-15.06%-15.78%-16.49%-70.65%-77.13%-21.53%$27.16$14.8941.64%6.45%1.10207,0411.48%
CLB
CORE LABORATORIES INC
$15.80-6.78%-7.00%-7.76%-3.42%-26.58%-28.28%-43.93%-75.07%-91.58%$27.95$13.8243.46%14.33%1.23417,82138.84%
NOV
NOV INC
$18.49-4.44%-1.96%-6.14%-6.80%-6.57%10.59%23.68%-29.27%-76.45%$21.91$14.0515.59%31.60%1.293,153,439-47.68%
NGS
NATURAL GAS SERVICES GROUP INC
$22.08-6.64%-8.80%9.04%45.84%50.72%110.89%145.33%37.40%-28.05%$24.90$9.5511.33%131.20%0.7495,6632.56%
SLCA
US SILICA HOLDINGS INC
$15.43-0.84%18.97%24.04%40.40%25.55%18.51%44.88%-2.47%-65.84%$16.03$10.093.74%52.92%1.493,906,325-23.87%
AESI
ATLAS ENERGY SOLUTIONS INC
$22.21-4.76%-1.73%-1.90%25.27%15.14%22.23%N/AN/AN/A$24.69$15.2810.04%45.35%0.59432,06710.69%
DRQ
DRIL-QUIP INC
$18.18-6.86%-6.58%-21.50%-14.08%-20.12%-33.65%-40.69%-58.26%-83.93%$30.93$18.1841.22%0.00%0.99338,28199.01%
FTK
FLOTEK INDUSTRIES INC
$3.44-1.71%-0.58%-8.99%10.61%-19.81%-7.92%-62.28%-83.94%-97.95%$5.70$2.6439.65%30.20%1.3633,590-4.61%
KLXE
KLX ENERGY SERVICES HOLDINGS INC
$6.63-6.49%-11.01%-12.76%-35.06%-35.76%-32.21%-14.01%-95.27%N/A$13.42$6.5650.60%1.07%1.52452,525275.68%
OII
OCEANEERING INTERNATIONAL INC
$22.91-5.95%-1.29%-2.30%7.31%1.55%33.28%113.12%19.32%-68.74%$27.46$14.9916.57%52.84%1.661,238,01923.90%
USAC
USA COMPRESSION PARTNERS LP
$24.23-1.90%-2.85%-10.13%-5.57%-1.70%16.43%65.39%43.03%-12.68%$28.47$18.4814.89%31.11%1.05138,79113.26%
FTI
TECHNIPFMC PLC
$25.62-3.68%-0.85%0.51%29.46%19.72%88.94%246.22%4.19%-54.81%$27.26$12.646.02%102.69%1.304,090,6585.93%
DWSN
DAWSON GEOPHYSICAL CO
$1.58-2.82%-2.52%-7.37%-8.44%-1.00%-20.80%-31.13%-43.43%-89.57%$2.65$1.2740.25%24.72%0.55310-94.61%
SND
SMART SAND INC
$2.09-9.52%2.45%9.42%12.97%0.48%19.43%-13.64%-46.82%N/A$2.48$1.4415.73%45.14%1.12392,14621.56%
RCON
RECON TECHNOLOGY LTD
$0.10-2.06%-5.94%-33.10%-49.47%-59.05%-77.05%-98.89%-97.96%-99.55%$0.43$0.0777.91%35.71%0.531,785,736-15.90%
AROC
ARCHROCK INC
$19.19-4.67%-3.81%-3.08%14.36%52.54%84.34%105.46%89.81%-55.39%$21.40$8.7810.33%118.54%1.141,731,73070.36%
TTI
TETRA TECHNOLOGIES INC
$4.29-4.88%-4.24%-4.88%-4.45%-23.12%47.42%70.92%80.25%-65.68%$6.77$2.5636.62%67.58%1.422,158,111121.15%
NR
NEWPARK RESOURCES INC
$6.94-4.14%-5.32%-7.34%4.99%-1.14%73.50%144.37%-4.93%-42.36%$7.84$3.4011.48%104.12%1.21376,18756.69%
KGS
KODIAK GAS SERVICES INC
$27.18-1.77%-1.95%-1.95%14.39%58.67%N/AN/AN/AN/A$29.00$15.056.28%80.60%0.14421,74575.19%
EFXT
ENERFLEX LTD
$5.83-3.48%0.34%0.52%10.21%43.95%-3.48%N/AN/AN/A$8.36$3.9430.26%47.97%1.04122,539-35.01%
FET
FORUM ENERGY TECHNOLOGIES INC
$18.65-4.11%-4.36%-4.65%-8.62%-14.88%-15.00%2.59%-84.41%-96.88%$28.73$17.6535.09%5.67%1.9332,52442.89%
TDW
TIDEWATER INC
$91.85-4.40%-2.36%-2.08%32.39%35.21%105.11%649.18%308.22%-94.41%$101.10$39.419.15%133.06%0.98641,75233.55%
XPRO
EXPRO GROUP HOLDINGS NV
$18.76-3.79%-3.25%-4.38%5.51%18.66%-6.06%-3.79%-46.46%-88.60%$25.04$14.3425.08%30.87%1.54769,075-13.51%
OIS
OIL STATES INTERNATIONAL INC
$3.99-1.48%-27.06%-35.33%-38.04%-47.98%-42.34%-28.88%-79.35%-95.89%$9.02$3.9555.76%1.01%1.302,400,532-29.32%
NCSM
NCS MULTISTAGE HOLDINGS INC
$16.400.01%0.29%2.50%0.61%11.19%-19.61%-35.43%-79.35%N/A$21.85$12.0224.94%36.44%1.30412-77.24%
HLX
HELIX ENERGY SOLUTIONS GROUP INC
$10.74-3.76%-3.68%-1.92%10.04%9.93%50.63%150.35%37.34%-55.32%$12.14$6.1911.53%73.65%1.541,263,24413.61%
VTOL
BRISTOW GROUP INC
$26.31-2.63%0.65%-2.81%-3.09%0.84%13.11%-0.57%-9.02%-69.28%$31.89$20.0817.50%31.03%1.24144,74051.24%
TRSG
TUNGRAY TECHNOLOGIES INC
$6.88-7.53%19.76%N/AN/AN/AN/AN/AN/AN/A$11.78$4.4041.60%56.36%2.67240,9647.53%
ACDC
PROFRAC HOLDING CORP
$7.27-9.24%-11.88%-14.67%-12.20%-23.71%-36.73%N/AN/AN/A$14.32$6.4649.23%12.54%1.201,351,650139.45%
ENSV
ENSERVCO CORP
$0.220.00%-18.68%11.00%1.83%-43.80%-46.51%-84.03%-96.70%-99.25%$0.50$0.1755.24%29.82%0.95245,159-25.80%
NINE
NINE ENERGY SERVICE INC
$2.16-5.68%-10.74%-2.70%-17.56%-40.00%-44.62%9.64%-89.27%N/A$5.59$1.7961.32%21.01%1.23455,66075.35%

Oil & Gas Equipment & Service Stocks FAQ

What are the best oil & gas equipment & service stocks to buy right now in May 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 23 points higher than the oil & gas equipment & service industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Valaris has seen its stock return 9.33% over the past year, underperforming other oil & gas equipment & service stocks by -12 percentage points.

Valaris has an average 1 year price target of $99.00, an upside of 52.17% from Valaris's current stock price of $65.06.

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 23 points higher than the oil & gas equipment & service industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. Propetro Holding has seen its stock return 21.45% over the past year.

Propetro Holding has an average 1 year price target of $11.00, an upside of 26.15% from Propetro Holding's current stock price of $8.72.

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 22 points higher than the oil & gas equipment & service industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. Superior Drilling Products has seen its stock return 31.63% over the past year, overperforming other oil & gas equipment & service stocks by 10 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 20.2%, which is 17 percentage points higher than the oil & gas equipment & service industry average of 3.24%. 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 8.67%, which is 5 percentage points higher than the oil & gas equipment & service industry average of 3.24%. 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 5.22%, which is 2 percentage points higher than the oil & gas equipment & service industry average of 3.24%. 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 67.6% 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 -4.2% in the last day, and down -2.4% over the last week. Valaris was the among the top losers in the oil & gas equipment & services industry, dropping -5.82% yesterday.

Shares of oil and gas companies are trading lower amid reports of Middle East peace talks.

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 52 points higher than the oil & gas equipment & service industry average of 34. It passed 6 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 57.39% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 36 percentage points.

2. Drilling Tools International (NASDAQ:DTI)


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

Drilling Tools International's stock has dropped -44.74% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -67 percentage points.

3. Dmc Global (NASDAQ:BOOM)


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

Dmc Global's stock has dropped -16.49% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -38 percentage points.

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

61.76% 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 24.76% 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 20.02x.
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.