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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
VAL
VALARIS LTD
$4.71BN/A0.00%N/AN/AN/AN/A
PUMP
PROPETRO HOLDING CORP
$937.98MN/A0.00%N/AN/AN/AN/A
SDPI
SUPERIOR DRILLING PRODUCTS INC
$39.20MN/A0.00%N/AN/AN/AN/A
PFIE
PROFIRE ENERGY INC
$85.24MN/A0.00%N/AN/AN/AN/A
RNGR
RANGER ENERGY SERVICES INC
$223.00M1.52%10.30%$0.0500$0.1530%0
DTI
DRILLING TOOLS INTERNATIONAL CORP
$172.66MN/A0.00%N/AN/AN/AN/A
BKR
BAKER HUGHES CO
$32.55B2.45%44.00%$0.2100$0.8047%02024-05-032024-05-16
WFRD
WEATHERFORD INTERNATIONAL PLC
$9.04BN/A0.00%N/AN/AN/AN/A
DNOW
DNOW INC
$1.50BN/A0.00%N/AN/AN/AN/A
RES
RPC INC
$1.43B2.39%22.90%$0.0400$0.1646%52024-05-092024-06-10
HAL
HALLIBURTON CO
$33.17B1.73%22.40%$0.1700$0.6534%1
GEOS
GEOSPACE TECHNOLOGIES CORP
$161.80MN/A0.00%N/AN/AN/AN/A
MRC
MRC GLOBAL INC
$947.70MN/A0.00%N/AN/AN/AN/A
WHD
CACTUS INC
$3.94B0.95%17.90%$0.1200$0.4717%0
LBRT
LIBERTY ENERGY INC
$3.67B1.09%8.50%$0.0700$0.2420%02024-06-062024-06-20
CHX
CHAMPIONX CORP
$6.38B1.04%18.60%$0.0950$0.3519%0
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$387.84M5.22%67.60%$0.1200$0.4679%02024-06-072024-06-17
SLB
SCHLUMBERGER LIMITED
$67.86B2.16%33.60%$0.2750$1.0342%12024-06-052024-07-11
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$587.16M1.52%18.30%$0.1000$0.3230%2
BOOM
DMC GLOBAL INC
$313.61MN/A0.00%$0.1250N/AN/A1
CLB
CORE LABORATORIES INC
$741.02M0.25%4.90%$0.0100$0.043%22024-05-032024-05-28
NOV
NOV INC
$7.31B1.08%8.00%$0.0500$0.2019%1
NGS
NATURAL GAS SERVICES GROUP INC
$274.61MN/A0.00%N/AN/AN/AN/A
SLCA
US SILICA HOLDINGS INC
$1.21BN/A0.00%$0.0200N/AN/A2
AESI
ATLAS ENERGY SOLUTIONS INC
$2.22B0.90%23.30%$0.2000$0.2016%0
DRQ
DRIL-QUIP INC
$625.64MN/A0.00%N/AN/AN/AN/A
FTK
FLOTEK INDUSTRIES INC
$102.04MN/A0.00%N/AN/AN/AN/A
KLXE
KLX ENERGY SERVICES HOLDINGS INC
$110.87MN/A0.00%N/AN/AN/AN/A
OII
OCEANEERING INTERNATIONAL INC
$2.32BN/A0.00%$0.1500N/AN/A1
USAC
USA COMPRESSION PARTNERS LP
$2.50B8.67%1,000.00%$0.5250$2.1091%02024-05-03
FTI
TECHNIPFMC PLC
$11.04B0.59%30.60%$0.0500$0.159%12024-05-202024-06-05
DWSN
DAWSON GEOPHYSICAL CO
$48.81M20.20%0.00%$0.3200$0.3299%1
SND
SMART SAND INC
$89.89MN/A0.00%N/AN/AN/AN/A
RCON
RECON TECHNOLOGY LTD
$4.52MN/A0.00%N/AN/AN/AN/A
AROC
ARCHROCK INC
$3.18B3.26%93.30%$0.1650$0.6357%12024-05-062024-05-14
TTI
TETRA TECHNOLOGIES INC
$562.59MN/A0.00%N/AN/AN/AN/A
NR
NEWPARK RESOURCES INC
$591.30MN/A0.00%N/AN/AN/AN/A
KGS
KODIAK GAS SERVICES INC
$2.10BN/A0.00%N/AN/AN/AN/A
EFXT
ENERFLEX LTD
$722.67MN/A0.00%N/AN/AN/AN/A
FET
FORUM ENERGY TECHNOLOGIES INC
$229.09MN/A0.00%N/AN/AN/AN/A
TDW
TIDEWATER INC
$4.80BN/A0.00%$8.0645N/AN/A0
XPRO
EXPRO GROUP HOLDINGS NV
$2.07BN/A0.00%$0.0750N/AN/A1
OIS
OIL STATES INTERNATIONAL INC
$256.22MN/A0.00%N/AN/AN/AN/A
NCSM
NCS MULTISTAGE HOLDINGS INC
$40.77MN/A0.00%N/AN/AN/AN/A
HLX
HELIX ENERGY SOLUTIONS GROUP INC
$1.64BN/A0.00%N/AN/AN/AN/A
VTOL
BRISTOW GROUP INC
$745.02MN/A0.00%N/AN/AN/AN/A
TRSG
TUNGRAY TECHNOLOGIES INC
$111.80MN/A0.00%N/AN/AN/AN/A
ACDC
PROFRAC HOLDING CORP
$1.16BN/A0.00%N/AN/AN/AN/A
ENSV
ENSERVCO CORP
$5.97MN/A0.00%N/AN/AN/AN/A
NINE
NINE ENERGY SERVICE INC
$76.30MN/A0.00%N/AN/AN/AN/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.