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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
VAL
VALARIS LTD
$4.71B60.00%25.00%4.24%5.40%1.171.7113.50%48.50%8.50%
PUMP
PROPETRO HOLDING CORP
$937.98M8.50%5.90%9.99%10.80%0.481.1530.60%5.30%7.41%
SDPI
SUPERIOR DRILLING PRODUCTS INC
$39.20M62.60%32.80%8.93%9.40%0.622.2960.90%35.50%9.89%
PFIE
PROFIRE ENERGY INC
$85.24M20.10%17.60%21.78%29.60%0.174.8952.50%18.50%21.40%
RNGR
RANGER ENERGY SERVICES INC
$223.00M8.70%6.30%11.17%10.70%0.391.9616.50%3.70%5.42%
DTI
DRILLING TOOLS INTERNATIONAL CORP
$172.66M33.30%8.30%18.96%12.40%0.492.0876.60%9.50%13.74%
BKR
BAKER HUGHES CO
$32.55B11.90%5.00%11.27%15.70%1.401.2520.50%7.00%10.30%
WFRD
WEATHERFORD INTERNATIONAL PLC
$9.04B53.70%9.30%19.94%16.80%3.661.8434.30%8.60%12.36%
DNOW
DNOW INC
$1.50B26.90%17.50%12.33%22.30%0.442.5623.10%10.60%5.90%
RES
RPC INC
$1.43B15.00%11.90%17.38%21.80%0.264.7530.10%9.90%13.13%
HAL
HALLIBURTON CO
$33.17B28.10%10.60%19.23%16.10%1.552.1219.10%11.20%16.01%
GEOS
GEOSPACE TECHNOLOGIES CORP
$161.80M18.70%16.50%17.42%23.90%0.144.8544.20%17.40%17.82%
MRC
MRC GLOBAL INC
$947.70M20.00%4.60%16.77%13.30%2.871.4820.20%2.60%5.42%
WHD
CACTUS INC
$3.94B21.20%11.30%16.57%23.90%0.533.1737.00%15.40%20.35%
LBRT
LIBERTY ENERGY INC
$3.67B26.50%15.70%26.89%24.00%0.641.4828.90%10.40%14.36%
CHX
CHAMPIONX CORP
$6.38B21.30%11.00%20.78%26.80%0.951.8331.00%9.70%14.01%
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$387.84M10.20%4.40%7.57%6.90%0.741.7840.80%7.50%11.48%
SLB
SCHLUMBERGER LIMITED
$67.86B22.00%9.30%16.82%21.50%1.251.3720.00%12.70%17.25%
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$587.16M18.60%5.60%10.05%9.00%3.340.9116.10%6.60%12.84%
BOOM
DMC GLOBAL INC
$313.61M6.60%2.90%6.71%10.10%0.702.5829.50%3.70%7.08%
CLB
CORE LABORATORIES INC
$741.02M16.70%6.30%11.18%9.30%1.512.6821.10%7.30%10.99%
NOV
NOV INC
$7.31B16.90%9.10%8.06%8.80%0.802.5021.40%11.20%8.30%
NGS
NATURAL GAS SERVICES GROUP INC
$274.61M2.00%1.10%2.40%2.20%1.032.3348.50%3.90%8.83%
SLCA
US SILICA HOLDINGS INC
$1.21B14.00%5.60%13.62%11.30%1.373.6233.70%8.10%17.98%
AESI
ATLAS ENERGY SOLUTIONS INC
$2.22B45.60%8.80%12.36%15.20%0.453.4451.10%17.20%23.54%
DRQ
DRIL-QUIP INC
$625.64M0.10%0.10%0.58%0.80%0.176.1227.30%0.10%1.25%
FTK
FLOTEK INDUSTRIES INC
$102.04M27.70%15.70%25.26%24.60%0.551.6012.90%13.10%14.74%
KLXE
KLX ENERGY SERVICES HOLDINGS INC
$110.87M49.90%3.60%15.62%9.20%12.911.7724.30%2.20%6.61%
OII
OCEANEERING INTERNATIONAL INC
$2.32B18.40%4.90%13.57%11.00%2.571.7616.60%4.40%8.32%
USAC
USA COMPRESSION PARTNERS LP
$2.50B-8.90%0.80%9.40%5.30%-8.711.2166.40%2.40%28.31%
FTI
TECHNIPFMC PLC
$11.04B6.90%2.20%10.11%8.60%2.011.1617.10%2.60%6.15%
DWSN
DAWSON GEOPHYSICAL CO
$48.81M-38.30%-20.50%-34.59%-40.90%0.831.679.10%-12.50%-12.54%
SND
SMART SAND INC
$89.89M1.90%1.30%-0.34%-0.30%0.431.1414.00%1.60%-0.33%
RCON
RECON TECHNOLOGY LTD
$4.52M-13.60%-11.60%-12.03%-20.90%0.218.2728.10%-88.20%-84.38%
AROC
ARCHROCK INC
$3.18B12.20%4.00%10.13%6.20%2.051.4054.70%10.60%25.62%
TTI
TETRA TECHNOLOGIES INC
$562.59M14.30%4.30%13.12%10.00%2.342.4423.50%3.30%7.76%
NR
NEWPARK RESOURCES INC
$591.30M3.50%2.20%6.59%6.30%0.552.6218.50%1.90%4.45%
KGS
KODIAK GAS SERVICES INC
$2.10B2.90%0.60%8.49%5.30%1.841.1058.70%2.40%30.30%
EFXT
ENERFLEX LTD
$722.67M-7.40%-2.70%2.09%1.60%1.811.2519.50%-3.50%1.83%
FET
FORUM ENERGY TECHNOLOGIES INC
$229.09M-4.50%-2.30%1.70%1.70%0.992.5927.60%-2.60%1.42%
TDW
TIDEWATER INC
$4.80B10.10%5.70%10.90%11.40%0.991.8044.50%9.60%18.71%
XPRO
EXPRO GROUP HOLDINGS NV
$2.07B-1.50%-1.00%2.45%3.80%0.551.8519.10%-1.30%2.42%
OIS
OIL STATES INTERNATIONAL INC
$256.22M-0.40%-0.30%0.91%1.00%0.473.3121.90%-0.40%1.06%
NCSM
NCS MULTISTAGE HOLDINGS INC
$40.77M-4.80%-2.20%-2.33%-2.80%0.473.2239.00%-2.20%-1.96%
HLX
HELIX ENERGY SOLUTIONS GROUP INC
$1.64B-2.10%-1.30%0.24%0.20%0.781.7415.30%-2.40%0.40%
VTOL
BRISTOW GROUP INC
$745.02M-0.80%-0.40%3.66%2.70%1.351.8223.70%-0.50%4.59%
TRSG
TUNGRAY TECHNOLOGIES INC
$111.80M5.80%3.50%8.53%16.60%0.652.2246.90%6.40%11.00%
ACDC
PROFRAC HOLDING CORP
$1.16B-11.10%-3.20%2.41%1.80%1.440.9835.20%-4.10%2.22%
ENSV
ENSERVCO CORP
$5.97M-415.40%-53.50%-167.72%-41.30%-25.250.5710.40%-38.60%-29.23%
NINE
NINE ENERGY SERVICE INC
$76.30MN/A-7.80%6.11%3.30%-12.282.2219.50%-5.30%3.20%

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.
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