Sectors & Industries EnergyOil & Gas Equipment & Services
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...

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
VAL	VALARIS LTD	$65.06	$1.25k	-94.78%	5.57x	N/A	2.70x	2.37x	0.02x	-$428.60M	-8.89%	$1.99B	26.82	$5.15B	20.39
PUMP	PROPETRO HOLDING CORP	$8.72	$16.77	-47.99%	11.47x	4.95x	0.60x	0.94x	0.24x	$12.83M	1.31%	$998.39M	8.84	$1.05B	3.49
SDPI	SUPERIOR DRILLING PRODUCTS INC	$1.29	$34.86	-96.30%	5.16x	N/A	1.83x	2.35x	0.01x	-$547.49k	-1.40%	$16.65M	0.56	$43.20M	11.85
PFIE	PROFIRE ENERGY INC	$1.81	$1.97	-8.20%	7.87x	N/A	1.47x	1.50x	0.89x	$6.19M	7.24%	$56.84M	1.20	$74.60M	5.50
RNGR	RANGER ENERGY SERVICES INC	$9.84	$16.86	-41.63%	10.14x	N/A	0.38x	0.82x	0.30x	$61.10M	25.24%	$271.80M	11.05	$241.20M	3.24
DTI	DRILLING TOOLS INTERNATIONAL CORP	$5.80	$85.53	-93.22%	8.66x	N/A	0.82x	1.95x	0.02x	-$530.00k	-0.43%	$88.69M	4.14	$185.51M	4.05
BKR	BAKER HUGHES CO	$32.62	$15.69	107.89%	17.92x	16.23x	1.24x	2.12x	2.00x	$2.35B	7.22%	$15.39B	15.42	$35.84B	9.43
WFRD	WEATHERFORD INTERNATIONAL PLC	$123.62	N/A	N/A	19.56x	63.39x	1.70x	8.29x	N/A	$675.00M	7.49%	$1.09B	14.97	$10.01B	10.13
DNOW	DNOW INC	$14.11	N/A	N/A	6.24x	15.01x	0.65x	1.41x	N/A	$171.00M	11.33%	$1.06B	9.91	$1.23B	7.54
RES	RPC INC	$6.69	$13.77	-51.40%	9.56x	6.37x	0.94x	1.39x	0.24x	$167.89M	11.70%	$1.03B	4.82	$1.25B	3.99
HAL	HALLIBURTON CO	$37.47	$24.92	50.34%	12.92x	11.71x	1.44x	3.44x	1.46x	$2.59B	7.76%	$9.64B	10.84	$40.07B	8.48
GEOS	GEOSPACE TECHNOLOGIES CORP	$12.15	N/A	N/A	6.39x	N/A	1.12x	1.11x	N/A	$22.09M	13.72%	$146.31M	11.04	$143.60M	3.46
MRC	MRC GLOBAL INC	$11.23	$11.69	-3.93%	10.50x	8.57x	0.28x	1.94x	0.68x	$167.00M	17.66%	$488.00M	5.80	$1.34B	5.95
WHD	CACTUS INC	$49.64	$16.56	199.82%	18.95x	18.45x	2.93x	4.55x	7.98x	$301.68M	9.40%	$865.52M	13.39	$3.85B	13.34
LBRT	LIBERTY ENERGY INC	$22.00	$19.13	15.03%	7.83x	7.51x	0.80x	1.95x	2.08x	$381.31M	10.42%	$1.88B	11.33	$4.09B	3.70
CHX	CHAMPIONX CORP	$33.57	$15.27	119.79%	17.86x	14.05x	1.72x	3.73x	2.37x	$487.13M	7.61%	$1.71B	8.97	$6.69B	8.79
SOI	SOLARIS OILFIELD INFRASTRUCTURE INC	$8.81	N/A	N/A	12.96x	N/A	1.39x	1.94x	N/A	$43.30M	11.17%	$200.13M	4.55	$431.31M	6.19
SLB	SCHLUMBERGER LIMITED	$47.48	$26.34	80.25%	15.57x	14.09x	1.99x	3.27x	1.73x	$4.08B	6.01%	$20.74B	14.49	$77.25B	9.38
NOA	NORTH AMERICAN CONSTRUCTION GROUP LTD	$21.10	N/A	N/A	12.06x	12.49x	0.83x	2.24x	N/A	$56.85M	9.68%	$262.25M	9.42	$1.04B	5.57
BOOM	DMC GLOBAL INC	$15.85	N/A	N/A	14.68x	N/A	0.43x	0.76x	N/A	$50.30M	16.27%	$410.30M	21.04	$398.42M	4.56
CLB	CORE LABORATORIES INC	$15.80	$21.46	-26.36%	19.51x	10.33x	1.45x	3.19x	0.33x	$23.04M	3.11%	$232.16M	4.95	$938.39M	13.08
NOV	NOV INC	$18.49	N/A	N/A	7.40x	13.11x	0.83x	1.17x	N/A	-$28.00M	-0.38%	$6.25B	15.85	$9.32B	8.99
NGS	NATURAL GAS SERVICES GROUP INC	$22.08	$14.21	55.34%	56.62x	N/A	2.24x	1.16x	0.64x	-$135.43M	-49.81%	$235.89M	19.15	$424.33M	11.39
SLCA	US SILICA HOLDINGS INC	$15.43	$29.86	-48.32%	10.22x	6.57x	0.83x	1.40x	0.25x	$225.72M	18.83%	$864.18M	11.13	$1.85B	4.73
AESI	ATLAS ENERGY SOLUTIONS INC	$22.21	N/A	N/A	14.81x	N/A	2.55x	2.56x	N/A	-$66.46M	-4.25%	$867.82M	12.32	$2.18B	11.73
DRQ	DRIL-QUIP INC	$18.18	N/A	N/A	909.00x	12.12x	1.47x	0.71x	N/A	$3.88M	0.62%	$881.26M	25.79	$450.92M	12.66
FTK	FLOTEK INDUSTRIES INC	$3.44	N/A	N/A	3.44x	N/A	0.45x	1.00x	N/A	-$12.31M	-14.42%	$101.96M	4.11	$113.96M	3.62
KLXE	KLX ENERGY SERVICES HOLDINGS INC	$6.63	N/A	N/A	5.39x	N/A	0.12x	2.86x	N/A	$74.80M	67.47%	$38.80M	2.32	$363.77M	2.77
OII	OCEANEERING INTERNATIONAL INC	$22.91	$39.11	-41.42%	21.21x	458.20x	0.93x	3.73x	0.24x	$83.07M	3.59%	$623.08M	6.17	$2.77B	8.91
USAC	USA COMPRESSION PARTNERS LP	$24.23	$2.83	756.17%	115.38x	89.74x	2.82x	-8.51x	5.06x	$38.70M	1.62%	-$293.29M	-2.97	$4.85B	9.98
FTI	TECHNIPFMC PLC	$25.62	$9.28	176.03%	52.29x	34.62x	1.36x	3.67x	1.36x	$732.60M	6.60%	$3.01B	6.93	$12.27B	13.85
DWSN	DAWSON GEOPHYSICAL CO	$1.58	N/A	N/A	-3.52x	N/A	0.44x	1.55x	N/A	-$2.69M	-6.38%	$31.43M	1.18	$39.27M	-10.76
SND	SMART SAND INC	$2.09	N/A	N/A	17.42x	N/A	0.28x	0.37x	N/A	$8.09M	9.95%	$242.27M	6.22	$127.57M	4.68
RCON	RECON TECHNOLOGY LTD	$0.10	N/A	N/A	-0.40x	N/A	0.35x	0.07x	N/A	-$7.21M	-223.16%	$61.54M	1.81	-$4.97M	0.73
AROC	ARCHROCK INC	$19.19	$8.58	123.71%	28.64x	N/A	2.99x	3.65x	1.37x	$83.76M	2.83%	$871.02M	5.65	$4.77B	11.28
TTI	TETRA TECHNOLOGIES INC	$4.29	N/A	N/A	26.81x	N/A	0.89x	3.82x	N/A	$12.83M	2.28%	$147.40M	1.13	$741.51M	8.89
NR	NEWPARK RESOURCES INC	$6.94	N/A	N/A	40.82x	N/A	0.79x	1.42x	N/A	$74.48M	12.59%	$415.36M	4.88	$645.14M	9.97
KGS	KODIAK GAS SERVICES INC	$27.18	N/A	N/A	93.72x	N/A	2.18x	1.84x	N/A	$47.98M	2.59%	$1.14B	16.79	$3.93B	8.82
EFXT	ENERFLEX LTD	$5.83	N/A	N/A	-8.74x	N/A	0.31x	0.70x	N/A	$126.06M	17.46%	$1.03B	8.34	$1.60B	6.65
FET	FORUM ENERGY TECHNOLOGIES INC	$18.65	N/A	N/A	-10.08x	N/A	0.26x	0.56x	N/A	$1.61M	0.85%	$412.63M	40.41	$375.13M	8.30
TDW	TIDEWATER INC	$91.85	N/A	N/A	48.86x	N/A	4.69x	4.62x	N/A	$73.12M	1.54%	$1.04B	20.14	$5.26B	16.55
XPRO	EXPRO GROUP HOLDINGS NV	$18.76	N/A	N/A	-110.35x	15.63x	1.33x	1.60x	N/A	$24.86M	1.20%	$1.29B	11.75	$2.03B	9.45
OIS	OIL STATES INTERNATIONAL INC	$3.99	N/A	N/A	-99.75x	3.33x	0.33x	0.37x	N/A	$24.28M	9.72%	$692.32M	11.08	$396.15M	5.85
NCSM	NCS MULTISTAGE HOLDINGS INC	$16.40	N/A	N/A	-12.91x	N/A	0.28x	0.44x	N/A	$3.09M	7.62%	$91.62M	37.05	$37.56M	20.67
HLX	HELIX ENERGY SOLUTIONS GROUP INC	$10.74	N/A	N/A	-51.14x	N/A	1.23x	1.12x	N/A	$205.81M	12.58%	$1.47B	9.63	$2.00B	11.22
VTOL	BRISTOW GROUP INC	$26.31	N/A	N/A	-109.63x	N/A	0.57x	0.90x	N/A	-$49.47M	-6.68%	$823.69M	29.27	$1.40B	9.64
TRSG	TUNGRAY TECHNOLOGIES INC	$6.88	N/A	N/A	114.67x	N/A	7.18x	6.84x	N/A	$407.77k	0.39%	$16.33M	1.09	$103.61M	52.65
ACDC	PROFRAC HOLDING CORP	$7.27	N/A	N/A	-8.87x	1.36x	0.36x	0.96x	N/A	$292.70M	30.76%	$1.21B	9.25	$2.30B	4.62
ENSV	ENSERVCO CORP	$0.22	N/A	N/A	-0.53x	N/A	0.21x	-10.43x	N/A	-$466.00k	-10.36%	-$572.00k	-0.03	$15.19M	-6.85
NINE	NINE ENERGY SERVICE INC	$2.16	N/A	N/A	-2.23x	1.25x	0.12x	-2.14x	N/A	$22.35M	31.11%	-$35.63M	-1.07	$411.78M	5.67

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.