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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
VAL
VALARIS LTD
$4.71B$1.78B$252.80M$865.40M$11.6811.34%N/A397.02%N/A2024-05-02
PUMP
PROPETRO HOLDING CORP
$937.98M$1.63B$301.70M$85.63M$0.7627.40%-0.89%3,700.00%-18.24%2024-05-01
SDPI
SUPERIOR DRILLING PRODUCTS INC
$39.20M$20.97M$3.64M$7.44M$0.259.82%2.83%525.00%N/A2024-05-09
PFIE
PROFIRE ENERGY INC
$85.24M$58.21M$13.56M$10.78M$0.2326.71%5.00%187.50%12.09%2024-06-12
RNGR
RANGER ENERGY SERVICES INC
$223.00M$636.60M$74.40M$23.80M$0.974.62%16.00%46.97%N/A2024-05-10
DTI
DRILLING TOOLS INTERNATIONAL CORP
$172.66M$152.03M$45.76M$14.43M$0.6717.35%N/A-59.64%N/A
BKR
BAKER HUGHES CO
$32.55B$26.21B$3.80B$1.82B$1.8218.93%2.56%N/A39.06%2024-05-13
WFRD
WEATHERFORD INTERNATIONAL PLC
$9.04B$5.31B$988.00M$457.00M$6.3215.90%N/A153.82%N/A2024-06-14
DNOW
DNOW INC
$1.50B$2.32B$163.00M$247.00M$2.268.66%-5.79%98.25%36.90%2024-05-22
RES
RPC INC
$1.43B$1.52B$313.39M$151.06M$0.70-15.34%-1.28%-44.88%3.83%
HAL
HALLIBURTON CO
$33.17B$23.15B$4.73B$2.59B$2.906.71%-0.72%33.64%7.61%2024-05-15
GEOS
GEOSPACE TECHNOLOGIES CORP
$161.80M$143.43M$41.55M$24.98M$1.9040.11%12.67%N/AN/A2024-05-09
MRC
MRC GLOBAL INC
$947.70M$3.41B$225.00M$90.00M$1.071.46%-3.94%75.41%14.24%2024-05-09
WHD
CACTUS INC
$3.94B$1.10B$288.23M$169.17M$2.6259.36%15.05%43.17%10.37%2024-05-14
LBRT
LIBERTY ENERGY INC
$3.67B$4.56B$1.10B$475.55M$2.81-1.29%15.74%-9.65%9.68%
CHX
CHAMPIONX CORP
$6.38B$3.73B$761.50M$363.63M$1.88-4.02%24.74%108.89%10.33%2024-05-15
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$387.84M$278.12M$69.62M$20.81M$0.68-19.58%5.16%-10.53%-17.60%2024-05-14
SLB
SCHLUMBERGER LIMITED
$67.86B$34.11B$8.23B$4.34B$3.0514.20%0.74%12.13%15.87%
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$587.16M$703.84M$186.93M$46.43M$1.7528.13%18.83%-0.39%31.67%
BOOM
DMC GLOBAL INC
$313.61M$719.19M$87.40M$26.26M$1.089.95%17.11%50.00%-12.03%2024-05-15
CLB
CORE LABORATORIES INC
$741.02M$511.07M$71.76M$37.52M$0.811.65%-6.10%58.82%-17.96%
NOV
NOV INC
$7.31B$8.78B$1.04B$986.00M$2.5014.70%0.41%194.12%N/A2024-05-15
NGS
NATURAL GAS SERVICES GROUP INC
$274.61M$121.17M$37.25M$4.75M$0.3942.84%13.10%N/AN/A2024-06-14
SLCA
US SILICA HOLDINGS INC
$1.21B$1.44B$391.40M$115.97M$1.51-13.64%-1.98%-12.21%N/A2024-05-09
AESI
ATLAS ENERGY SOLUTIONS INC
$2.22B$613.96M$186.13M$105.43M$1.5027.19%N/AN/AN/A2024-05-06
DRQ
DRIL-QUIP INC
$625.64M$424.06M$35.60M$604.00k$0.0217.17%1.97%N/AN/A2024-05-07
FTK
FLOTEK INDUSTRIES INC
$102.04M$188.06M$31.47M$24.71M$1.0038.18%1.13%N/AN/A2024-06-05
KLXE
KLX ENERGY SERVICES HOLDINGS INC
$110.87M$888.40M$131.50M$19.20M$1.2313.66%12.40%N/A-19.33%2024-05-09
OII
OCEANEERING INTERNATIONAL INC
$2.32B$2.49B$311.22M$108.48M$1.0815.29%4.59%120.41%N/A2024-05-10
USAC
USA COMPRESSION PARTNERS LP
$2.50B$846.18M$485.65M$20.49M$0.2120.09%7.69%N/AN/A2024-05-07
FTI
TECHNIPFMC PLC
$11.04B$8.15B$885.80M$212.90M$0.4918.75%-7.97%N/AN/A
DWSN
DAWSON GEOPHYSICAL CO
$48.81M$96.85M-$3.65M-$12.15M-$0.4587.58%-8.88%N/AN/A2024-05-13
SND
SMART SAND INC
$89.89M$295.97M$27.29M$4.65M$0.1215.73%6.85%N/A-24.83%2024-06-04
RCON
RECON TECHNOLOGY LTD
$4.52M$9.19M-$6.81M-$8.11M-$0.24-25.86%-6.30%N/AN/A
AROC
ARCHROCK INC
$3.18B$990.34M$423.30M$105.00M$0.6717.12%1.83%139.29%28.67%2024-05-01
TTI
TETRA TECHNOLOGIES INC
$562.59M$631.03M$83.39M$20.66M$0.1610.83%0.86%300.00%N/A2024-05-21
NR
NEWPARK RESOURCES INC
$591.30M$749.60M$64.74M$14.52M$0.17-8.09%-4.56%N/A-13.93%2024-05-16
KGS
KODIAK GAS SERVICES INC
$2.10B$850.38M$444.98M$20.07M$0.2920.13%N/A-83.89%N/A
EFXT
ENERFLEX LTD
$722.67M$2.34B$241.02M-$82.17M-$0.6783.22%N/AN/AN/A2024-05-07
FET
FORUM ENERGY TECHNOLOGIES INC
$229.09M$738.86M$45.21M-$18.88M-$1.855.57%-7.04%N/AN/A2024-05-10
TDW
TIDEWATER INC
$4.80B$1.01B$317.74M$97.19M$1.8855.94%19.96%N/AN/A2024-06-06
XPRO
EXPRO GROUP HOLDINGS NV
$2.07B$1.56B$215.29M-$19.69M-$0.1716.35%23.08%N/AN/A2024-05-23
OIS
OIL STATES INTERNATIONAL INC
$256.22M$753.35M$67.71M-$2.64M-$0.04-2.15%-7.04%N/AN/A2024-05-07
NCSM
NCS MULTISTAGE HOLDINGS INC
$40.77M$142.47M$1.82M-$3.15M-$1.27-8.46%-8.89%N/AN/A2024-05-23
HLX
HELIX ENERGY SOLUTIONS GROUP INC
$1.64B$1.34B$178.27M-$31.96M-$0.2137.28%12.47%N/AN/A2024-05-15
VTOL
BRISTOW GROUP INC
$745.02M$1.30B$145.16M-$6.78M-$0.247.23%42.39%N/AN/A2024-06-05
TRSG
TUNGRAY TECHNOLOGIES INC
$111.80M$14.36M$1.97M$915.42k$0.06-12.07%N/A-68.42%N/A
ACDC
PROFRAC HOLDING CORP
$1.16B$2.63B$496.80M-$107.50M-$0.828.43%N/AN/AN/A2024-05-30
ENSV
ENSERVCO CORP
$5.97M$22.06M-$2.22M-$8.52M-$0.421.91%-12.40%N/AN/A2024-06-12
NINE
NINE ENERGY SERVICE INC
$76.30M$609.53M$72.67M-$32.21M-$0.972.72%-5.92%N/AN/A2024-05-07

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.