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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...
OverviewZen Score
PriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
PFIE
PROFIRE ENERGY INC
59
100
86
0
50
–
PUMP
PROPETRO HOLDING CORP
58
71
86
44
30
–
SDPI
SUPERIOR DRILLING PRODUCTS INC
57
71
86
0
70
–
RNGR
RANGER ENERGY SERVICES INC
54
71
100
0
60
40
DTI
DRILLING TOOLS INTERNATIONAL CORP
52
71
57
11
70
–

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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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. Profire Energy (NASDAQ:PFIE)


Profire Energy (NASDAQ:PFIE) is the top oil & gas equipment & service stock with a Zen Score of 59, which is 23 points higher than the oil & gas equipment & service industry average of 36. It passed 18 out of 33 due diligence checks and has strong fundamentals. Profire Energy has seen its stock return 60.36% over the past year, overperforming other oil & gas equipment & service stocks by 28 percentage points.

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 22 points higher than the oil & gas equipment & service industry average of 36. It passed 18 out of 33 due diligence checks and has strong fundamentals. Propetro Holding has seen its stock return 44.93% over the past year, overperforming other oil & gas equipment & service stocks by 13 percentage points.

Propetro Holding has an average 1 year price target of $11.00, an upside of 18.41% from Propetro Holding's current stock price of $9.29.

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 21 points higher than the oil & gas equipment & service industry average of 36. It passed 18 out of 33 due diligence checks and has strong fundamentals. Superior Drilling Products has seen its stock return 31.91% over the past year.

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 21.77%, which is 18 percentage points higher than the oil & gas equipment & service industry average of 3.35%. 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 8.62%, which is 5 percentage points higher than the oil & gas equipment & service industry average of 3.35%. 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 5.11%, which is 2 percentage points higher than the oil & gas equipment & service industry average of 3.35%. 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 up?

Oil & gas equipment & service stocks were up 1.48% in the last day, and down -2.19% over the last week. Tidewater was the among the top gainers in the oil & gas equipment & services industry, gaining 13.44% yesterday.

Tidewater shares are trading higher after the company reported better-than-expected Q1 EPS and sales.

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 100, which is 66 points higher than the oil & gas equipment & service industry average of 34. It passed 7 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 60.36% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 28 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 -49.6% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -82 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 -21.88% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -54 percentage points.

Are oil & gas equipment & service stocks a good buy now?

62.86% 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 21.84% 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 17.01x.
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