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

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
VAL	VALARIS LTD	Bermuda	$4.71B	72,410,233	88.77%	0.67%	Net Selling
PUMP	PROPETRO HOLDING CORP	United States	$937.98M	107,567,074	60.25%	39.75%	Net Selling	Net Selling
SDPI	SUPERIOR DRILLING PRODUCTS INC	United States	$39.20M	30,391,240	2.94%	97.06%	Net Selling
PFIE	PROFIRE ENERGY INC	United States	$85.24M	47,094,226	43.61%	52.16%	Net Buying	Net Buying
RNGR	RANGER ENERGY SERVICES INC	United States	$223.00M	22,662,569	30.66%	69.34%	Net Selling	Net Selling
DTI	DRILLING TOOLS INTERNATIONAL CORP	United States	$172.66M	29,768,568	1.98%	98.02%	Net Buying
BKR	BAKER HUGHES CO	United States	$32.55B	997,997,634	91.93%	0.67%	Net Selling	Net Selling
WFRD	WEATHERFORD INTERNATIONAL PLC	Ireland	$9.04B	73,154,140	96.16%	1.55%	Net Selling	Net Selling
DNOW	DNOW INC	United States	$1.50B	106,166,096	96.87%	3.13%	Net Buying	Net Buying
RES	RPC INC	United States	$1.43B	214,347,062	5.48%	94.52%	Net Selling
HAL	HALLIBURTON CO	United States	$33.17B	885,301,252	85.69%	0.83%	Net Buying	Net Buying
GEOS	GEOSPACE TECHNOLOGIES CORP	United States	$161.80M	13,317,090	57.12%	19.27%	Net Selling	Net Selling
MRC	MRC GLOBAL INC	United States	$947.70M	84,390,297	65.92%	34.08%	Net Selling	Net Selling
WHD	CACTUS INC	United States	$3.94B	79,356,709	48.43%	51.57%	Net Selling	Net Selling
LBRT	LIBERTY ENERGY INC	United States	$3.67B	166,651,693	65.24%	34.76%	Net Selling	Net Selling
CHX	CHAMPIONX CORP	United States	$6.38B	190,000,000	98.96%	1.04%	Net Selling	Net Selling
SOI	SOLARIS OILFIELD INFRASTRUCTURE INC	United States	$387.84M	44,022,505	30.76%	69.24%	Net Selling	Net Selling
SLB	SCHLUMBERGER LIMITED	United States	$67.86B	1,429,337,724	81.89%	2.92%	Net Selling	Net Selling
NOA	NORTH AMERICAN CONSTRUCTION GROUP LTD	Canada	$587.16M	27,827,282	61.50%	33.29%
BOOM	DMC GLOBAL INC	United States	$313.61M	19,786,188	82.14%	14.10%	Net Selling	Net Selling
CLB	CORE LABORATORIES INC	Netherlands	$741.02M	46,899,863	81.39%	18.61%	Net Selling	Net Selling
NOV	NOV INC	United States	$7.31B	395,535,931	92.89%	1.23%	Net Selling	Net Selling
NGS	NATURAL GAS SERVICES GROUP INC	United States	$274.61M	12,437,074	61.99%	38.01%	Net Selling
SLCA	US SILICA HOLDINGS INC	United States	$1.21B	78,133,202	22.22%	77.78%	Net Selling	Net Selling
AESI	ATLAS ENERGY SOLUTIONS INC	United States	$2.22B	100,025,584	34.57%	37.63%	Net Selling	Net Selling
DRQ	DRIL-QUIP INC	United States	$625.64M	34,413,906	77.95%	22.05%	Net Selling	Net Selling
FTK	FLOTEK INDUSTRIES INC	United States	$102.04M	29,662,759	18.45%	61.52%	Net Buying	Net Selling
KLXE	KLX ENERGY SERVICES HOLDINGS INC	United States	$110.87M	16,722,318	42.69%	34.44%	Net Selling	Net Selling
OII	OCEANEERING INTERNATIONAL INC	United States	$2.32B	101,389,229	93.00%	3.66%	Net Selling	Net Selling
USAC	USA COMPRESSION PARTNERS LP	United States	$2.50B	103,001,911	20.15%	79.85%	Net Selling	Net Selling
FTI	TECHNIPFMC PLC	United Kingdom	$11.04B	430,973,995	97.91%	1.93%	Net Selling	Net Selling
DWSN	DAWSON GEOPHYSICAL CO	United States	$48.81M	30,812,329	6.90%	93.10%	Net Buying
SND	SMART SAND INC	United States	$89.89M	43,008,960	13.12%	86.88%	Net Selling	Net Selling
RCON	RECON TECHNOLOGY LTD	China	$4.52M	47,628,218	8.28%	0.00%
AROC	ARCHROCK INC	United States	$3.18B	165,655,913	58.23%	41.77%	Net Selling	Net Selling
TTI	TETRA TECHNOLOGIES INC	United States	$562.59M	131,138,795	69.73%	9.86%	Net Selling	Net Selling
NR	NEWPARK RESOURCES INC	United States	$591.30M	85,201,652	80.86%	12.01%	Net Selling
KGS	KODIAK GAS SERVICES INC	United States	$2.10B	77,434,577	24.52%	75.48%	Net Buying	Net Buying
EFXT	ENERFLEX LTD	Canada (Federal Level)	$722.67M	123,956,865	46.47%	0.00%
FET	FORUM ENERGY TECHNOLOGIES INC	United States	$229.09M	12,283,670	2.47%	97.53%	Net Selling	Net Selling
TDW	TIDEWATER INC	United States	$4.80B	52,271,097	83.31%	16.69%	Net Buying	Net Buying
XPRO	EXPRO GROUP HOLDINGS NV	Netherlands	$2.07B	110,537,436	5.45%	94.55%	Net Selling	Net Selling
OIS	OIL STATES INTERNATIONAL INC	United States	$256.22M	64,215,204	82.06%	17.94%	Net Selling	Net Selling
NCSM	NCS MULTISTAGE HOLDINGS INC	United States	$40.77M	2,485,708	1.90%	98.10%	Net Selling	Net Selling
HLX	HELIX ENERGY SOLUTIONS GROUP INC	United States	$1.64B	152,453,000	91.30%	8.70%	Net Selling	Net Selling
VTOL	BRISTOW GROUP INC	United States	$745.02M	28,317,000	62.92%	37.08%	Net Selling	Net Selling
TRSG	TUNGRAY TECHNOLOGIES INC	Singapore	$111.80M	16,250,000	0.00%	0.00%
ACDC	PROFRAC HOLDING CORP	United States	$1.16B	159,594,192	12.73%	80.30%	Net Buying	Net Buying
ENSV	ENSERVCO CORP	United States	$5.97M	26,879,643	2.88%	97.12%
NINE	NINE ENERGY SERVICE INC	United States	$76.30M	35,324,861	33.22%	66.78%	Net Selling	Net Selling

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.