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...

Overview Zen Score Price Valuation Financials Forecast

Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
VAL	VALARIS LTD	$4.71B	$65.06	$99.00	52.17%	Strong Buy	3	27.56%	N/A	N/A	N/A
PUMP	PROPETRO HOLDING CORP	$937.98M	$8.72	$11.00	26.15%	Strong Buy	1	3.82%	52.61%	N/A	N/A
SDPI	SUPERIOR DRILLING PRODUCTS INC	$39.20M	$1.29	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PFIE	PROFIRE ENERGY INC	$85.24M	$1.81	N/A	N/A	N/A	N/A	-1.41%	N/A	N/A	N/A
RNGR	RANGER ENERGY SERVICES INC	$223.00M	$9.84	N/A	N/A	N/A	N/A	-8.73%	N/A	N/A	N/A
DTI	DRILLING TOOLS INTERNATIONAL CORP	$172.66M	$5.80	N/A	N/A	N/A	N/A	9.39%	N/A	N/A	N/A
BKR	BAKER HUGHES CO	$32.55B	$32.62	$40.40	23.85%	Strong Buy	5	5.57%	9.95%	N/A	N/A
WFRD	WEATHERFORD INTERNATIONAL PLC	$9.04B	$123.62	$151.88	22.86%	Strong Buy	8	8.76%	-69.15%	N/A	N/A
DNOW	DNOW INC	$1.50B	$14.11	$17.00	20.48%	Buy	2	3.29%	-21.34%	N/A	N/A
RES	RPC INC	$1.43B	$6.69	$7.00	4.63%	Hold	1	5.28%	50.00%	N/A	N/A
HAL	HALLIBURTON CO	$33.17B	$37.47	$48.38	29.10%	Strong Buy	8	6.19%	9.86%	N/A	N/A
GEOS	GEOSPACE TECHNOLOGIES CORP	$161.80M	$12.15	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
MRC	MRC GLOBAL INC	$947.70M	$11.23	$16.00	42.48%	Strong Buy	2	2.40%	15.53%	N/A	N/A
WHD	CACTUS INC	$3.94B	$49.64	$53.75	8.28%	Buy	4	5.23%	2.64%	N/A	N/A
LBRT	LIBERTY ENERGY INC	$3.67B	$22.00	$24.50	11.36%	Buy	8	3.51%	4.18%	N/A	N/A
CHX	CHAMPIONX CORP	$6.38B	$33.57	$39.00	16.18%	Buy	5	5.55%	N/A	N/A	N/A
SOI	SOLARIS OILFIELD INFRASTRUCTURE INC	$387.84M	$8.81	$10.00	13.51%	Strong Buy	1	-5.92%	N/A	N/A	N/A
SLB	SCHLUMBERGER LIMITED	$67.86B	$47.48	$67.55	42.26%	Strong Buy	11	9.87%	9.99%	N/A	N/A
NOA	NORTH AMERICAN CONSTRUCTION GROUP LTD	$587.16M	$21.10	N/A	N/A	N/A	N/A	20.05%	-3.49%	N/A	N/A
BOOM	DMC GLOBAL INC	$313.61M	$15.85	$27.00	70.35%	Strong Buy	1	1.87%	N/A	N/A	N/A
CLB	CORE LABORATORIES INC	$741.02M	$15.80	$17.00	7.59%	Sell	2	6.89%	66.67%	N/A	N/A
NOV	NOV INC	$7.31B	$18.49	$24.86	34.43%	Strong Buy	7	5.30%	-64.22%	N/A	N/A
NGS	NATURAL GAS SERVICES GROUP INC	$274.61M	$22.08	$26.00	17.75%	Strong Buy	1	25.77%	N/A	N/A	N/A
SLCA	US SILICA HOLDINGS INC	$1.21B	$15.43	N/A	N/A	N/A	N/A	0.84%	45.35%	N/A	N/A
AESI	ATLAS ENERGY SOLUTIONS INC	$2.22B	$22.21	$25.50	14.81%	Strong Buy	4	108.20%	N/A	N/A	N/A
DRQ	DRIL-QUIP INC	$625.64M	$18.18	$31.00	70.52%	Sell	2	15.95%	N/A	N/A	N/A
FTK	FLOTEK INDUSTRIES INC	$102.04M	$3.44	$7.00	103.49%	Strong Buy	1	N/A	N/A	N/A	N/A
KLXE	KLX ENERGY SERVICES HOLDINGS INC	$110.87M	$6.63	$11.50	73.45%	Hold	1	-7.19%	N/A	646.48%	46.47%
OII	OCEANEERING INTERNATIONAL INC	$2.32B	$22.91	$26.67	16.40%	Buy	3	4.04%	N/A	N/A	N/A
USAC	USA COMPRESSION PARTNERS LP	$2.50B	$24.23	$25.67	5.93%	Hold	3	6.59%	25.36%	N/A	N/A
FTI	TECHNIPFMC PLC	$11.04B	$25.62	$29.45	14.95%	Strong Buy	8	9.64%	38.44%	N/A	N/A
DWSN	DAWSON GEOPHYSICAL CO	$48.81M	$1.58	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SND	SMART SAND INC	$89.89M	$2.09	N/A	N/A	N/A	N/A	-4.35%	N/A	N/A	N/A
RCON	RECON TECHNOLOGY LTD	$4.52M	$0.10	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AROC	ARCHROCK INC	$3.18B	$19.19	$21.00	9.43%	Buy	1	9.24%	N/A	N/A	N/A
TTI	TETRA TECHNOLOGIES INC	$562.59M	$4.29	$7.50	74.83%	Strong Buy	2	6.54%	N/A	N/A	N/A
NR	NEWPARK RESOURCES INC	$591.30M	$6.94	$10.67	53.70%	Strong Buy	3	-4.70%	N/A	N/A	N/A
KGS	KODIAK GAS SERVICES INC	$2.10B	$27.18	$28.83	6.08%	Strong Buy	6	34.25%	N/A	N/A	N/A
EFXT	ENERFLEX LTD	$722.67M	$5.83	N/A	N/A	N/A	N/A	-1.84%	N/A	N/A	N/A
FET	FORUM ENERGY TECHNOLOGIES INC	$229.09M	$18.65	N/A	N/A	N/A	N/A	17.27%	N/A	N/A	N/A
TDW	TIDEWATER INC	$4.80B	$91.85	$95.67	4.16%	Strong Buy	3	27.58%	N/A	N/A	N/A
XPRO	EXPRO GROUP HOLDINGS NV	$2.07B	$18.76	$20.00	6.61%	Buy	2	6.60%	N/A	N/A	N/A
OIS	OIL STATES INTERNATIONAL INC	$256.22M	$3.99	$7.25	81.70%	Buy	2	8.10%	N/A	N/A	N/A
NCSM	NCS MULTISTAGE HOLDINGS INC	$40.77M	$16.40	N/A	N/A	N/A	N/A	6.81%	N/A	N/A	N/A
HLX	HELIX ENERGY SOLUTIONS GROUP INC	$1.64B	$10.74	$11.00	2.42%	Strong Buy	1	-2.38%	N/A	N/A	N/A
VTOL	BRISTOW GROUP INC	$745.02M	$26.31	$39.00	48.23%	Strong Buy	2	N/A	N/A	N/A	N/A
TRSG	TUNGRAY TECHNOLOGIES INC	$111.80M	$6.88	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ACDC	PROFRAC HOLDING CORP	$1.16B	$7.27	$11.17	53.60%	Strong Buy	3	5.24%	N/A	N/A	N/A
ENSV	ENSERVCO CORP	$5.97M	$0.22	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NINE	NINE ENERGY SERVICE INC	$76.30M	$2.16	N/A	N/A	N/A	N/A	0.34%	N/A	N/A	N/A

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.