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...

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
VAL	VALARIS LTD	$67.78	$1.25k	-94.57%	5.80x	N/A	2.82x	2.47x	0.02x	-$428.60M	-8.53%	$1.99B	26.82	$5.35B	21.17
PUMP	PROPETRO HOLDING CORP	$8.74	$16.77	-47.87%	11.50x	4.97x	0.61x	0.94x	0.24x	$12.83M	1.30%	$998.39M	8.84	$1.06B	3.50
SDPI	SUPERIOR DRILLING PRODUCTS INC	$1.24	$34.86	-96.46%	4.94x	N/A	1.75x	2.25x	0.01x	-$547.49k	-1.46%	$16.65M	0.56	$41.53M	11.40
PFIE	PROFIRE ENERGY INC	$1.80	$1.97	-8.71%	7.83x	N/A	1.46x	1.49x	0.89x	$6.19M	7.28%	$56.84M	1.20	$74.13M	5.47
RNGR	RANGER ENERGY SERVICES INC	$10.25	$16.86	-39.20%	10.57x	N/A	0.40x	0.85x	0.31x	$61.10M	24.23%	$271.80M	11.05	$250.49M	3.37
RES	RPC INC	$7.36	$13.77	-46.53%	10.51x	7.01x	1.04x	1.53x	0.26x	$167.89M	10.64%	$1.03B	4.82	$1.39B	4.44
DTI	DRILLING TOOLS INTERNATIONAL CORP	$5.30	$85.53	-93.80%	7.91x	N/A	0.75x	1.78x	0.02x	-$530.00k	-0.47%	$88.69M	4.14	$170.62M	3.73
WFRD	WEATHERFORD INTERNATIONAL PLC	$123.65	N/A	N/A	19.56x	63.41x	1.70x	8.29x	N/A	$675.00M	7.49%	$1.09B	14.97	$10.01B	10.13
DNOW	DNOW INC	$14.68	N/A	N/A	6.50x	15.62x	0.68x	1.47x	N/A	$171.00M	10.89%	$1.06B	9.91	$1.29B	7.91
HAL	HALLIBURTON CO	$38.72	$24.92	55.36%	13.35x	12.10x	1.49x	3.56x	1.50x	$2.59B	7.51%	$9.64B	10.84	$41.17B	8.71
BKR	BAKER HUGHES CO	$33.30	$15.69	112.22%	18.30x	16.57x	1.27x	2.16x	2.04x	$2.35B	7.08%	$15.39B	15.42	$36.52B	9.61
MRC	MRC GLOBAL INC	$11.57	$11.69	-1.02%	10.81x	8.83x	0.29x	2.00x	0.70x	$167.00M	17.14%	$488.00M	5.80	$1.37B	6.07
WHD	CACTUS INC	$51.73	$16.56	212.45%	19.74x	19.23x	3.05x	4.74x	8.32x	$301.68M	9.02%	$865.52M	13.39	$4.01B	13.92
GEOS	GEOSPACE TECHNOLOGIES CORP	$12.52	N/A	N/A	6.59x	N/A	1.16x	1.14x	N/A	$22.09M	13.31%	$146.31M	11.04	$148.52M	3.57
CHX	CHAMPIONX CORP	$35.01	$15.27	129.22%	18.62x	14.65x	1.79x	3.89x	2.47x	$487.13M	7.29%	$1.71B	8.97	$6.97B	9.15
LBRT	LIBERTY ENERGY INC	$23.01	$19.13	20.31%	8.19x	7.85x	0.84x	2.03x	2.18x	$381.31M	9.97%	$1.88B	11.33	$4.26B	3.86
SOI	SOLARIS OILFIELD INFRASTRUCTURE INC	$8.46	N/A	N/A	10.85x	N/A	1.24x	1.77x	N/A	$27.80M	7.64%	$205.98M	4.79	$405.83M	5.66
SLCA	US SILICA HOLDINGS INC	$13.06	$23.03	-43.30%	6.84x	5.56x	0.65x	1.20x	0.36x	$219.15M	21.80%	$849.31M	11.03	$1.69B	3.88
BOOM	DMC GLOBAL INC	$16.75	N/A	N/A	15.51x	N/A	0.45x	0.81x	N/A	$50.30M	15.40%	$410.30M	21.04	$416.23M	4.76
NOA	NORTH AMERICAN CONSTRUCTION GROUP LTD	$21.79	N/A	N/A	12.45x	12.89x	0.86x	2.31x	N/A	$56.85M	9.38%	$262.25M	9.42	$1.06B	5.67
SLB	SCHLUMBERGER LIMITED	$49.44	$26.34	87.69%	16.21x	14.67x	2.07x	3.41x	1.80x	$4.08B	5.77%	$20.74B	14.49	$80.05B	9.72
NOV	NOV INC	$18.95	N/A	N/A	7.49x	13.44x	0.87x	1.21x	N/A	-$140.00M	-1.88%	$6.17B	15.70	$9.03B	8.94
NGS	NATURAL GAS SERVICES GROUP INC	$24.17	$14.21	70.05%	61.97x	N/A	2.46x	1.27x	0.70x	-$135.43M	-45.50%	$235.89M	19.15	$450.32M	12.09
CLB	CORE LABORATORIES INC	$17.07	$21.46	-20.44%	21.07x	11.16x	1.57x	3.45x	0.35x	$23.04M	2.88%	$232.16M	4.95	$997.95M	13.91
AESI	ATLAS ENERGY SOLUTIONS INC	$23.16	N/A	N/A	15.44x	N/A	2.66x	2.67x	N/A	-$66.46M	-4.07%	$867.82M	12.32	$2.28B	12.25
FTI	TECHNIPFMC PLC	$26.59	$5.97	345.65%	204.54x	35.93x	1.49x	3.67x	1.77x	$467.80M	4.01%	$3.14B	7.15	$12.53B	17.62
DWSN	DAWSON GEOPHYSICAL CO	$1.59	N/A	N/A	-3.53x	N/A	0.44x	1.56x	N/A	-$2.69M	-6.35%	$31.43M	1.18	$39.45M	-10.82
OII	OCEANEERING INTERNATIONAL INC	$24.55	$72.91	-66.33%	25.31x	491.00x	1.02x	3.94x	0.13x	$117.08M	4.74%	$628.02M	6.24	$2.78B	9.20
DRQ	DRIL-QUIP INC	$19.31	N/A	N/A	965.50x	12.87x	1.56x	0.75x	N/A	$3.88M	0.59%	$881.26M	25.79	$489.80M	13.76
FTK	FLOTEK INDUSTRIES INC	$3.50	N/A	N/A	3.50x	N/A	0.46x	1.02x	N/A	-$12.31M	-14.17%	$101.96M	4.11	$115.74M	3.68
KLXE	KLX ENERGY SERVICES HOLDINGS INC	$7.10	N/A	N/A	5.77x	N/A	0.13x	3.06x	N/A	$74.80M	63.00%	$38.80M	2.32	$371.63M	2.83
TTI	TETRA TECHNOLOGIES INC	$4.47	N/A	N/A	22.35x	N/A	0.92x	3.92x	N/A	$38.72M	6.69%	$148.59M	1.15	$724.61M	8.17
USAC	USA COMPRESSION PARTNERS LP	$24.85	$2.83	778.08%	118.33x	92.04x	2.90x	-8.73x	5.19x	$38.70M	1.58%	-$293.29M	-2.97	$4.91B	10.11
SND	SMART SAND INC	$2.12	N/A	N/A	17.67x	N/A	0.28x	0.38x	N/A	$8.09M	9.81%	$242.27M	6.22	$128.86M	4.72
OIS	OIL STATES INTERNATIONAL INC	$5.32	N/A	N/A	26.60x	4.43x	0.43x	0.48x	N/A	$31.18M	9.34%	$709.55M	11.32	$452.50M	5.25
RCON	RECON TECHNOLOGY LTD	$0.08	N/A	N/A	-0.34x	N/A	0.30x	0.06x	N/A	-$7.21M	-258.54%	$61.54M	1.81	-$5.59M	0.82
AROC	ARCHROCK INC	$20.04	$8.58	133.62%	29.91x	N/A	3.12x	3.81x	1.43x	$83.76M	2.71%	$871.02M	5.65	$4.92B	11.61
NCSM	NCS MULTISTAGE HOLDINGS INC	$16.35	N/A	N/A	-12.88x	N/A	0.28x	0.44x	N/A	$3.09M	7.64%	$91.62M	37.05	$37.44M	20.61
NR	NEWPARK RESOURCES INC	$7.28	N/A	N/A	42.82x	N/A	0.83x	1.49x	N/A	$74.48M	12.01%	$415.36M	4.88	$674.11M	10.41
KGS	KODIAK GAS SERVICES INC	$27.61	N/A	N/A	95.21x	N/A	2.21x	1.87x	N/A	$47.98M	2.55%	$1.14B	16.79	$3.96B	8.90
HLX	HELIX ENERGY SOLUTIONS GROUP INC	$11.29	N/A	N/A	-161.29x	N/A	1.32x	1.15x	N/A	$133.23M	7.82%	$1.50B	9.95	$1.93B	10.21
EFXT	ENERFLEX LTD	$5.70	N/A	N/A	-8.55x	N/A	0.30x	0.68x	N/A	$126.06M	17.86%	$1.03B	8.34	$1.59B	6.59
FET	FORUM ENERGY TECHNOLOGIES INC	$19.39	N/A	N/A	-10.48x	N/A	0.27x	0.58x	N/A	$1.61M	0.81%	$412.63M	40.41	$384.22M	8.50
XPRO	EXPRO GROUP HOLDINGS NV	$19.95	N/A	N/A	-117.35x	16.63x	1.41x	1.70x	N/A	$24.86M	1.13%	$1.29B	11.75	$2.17B	10.06
TDW	TIDEWATER INC	$93.22	N/A	N/A	49.59x	N/A	4.76x	4.69x	N/A	$73.12M	1.52%	$1.04B	20.14	$5.33B	16.78
VTOL	BRISTOW GROUP INC	$26.12	N/A	N/A	-108.83x	N/A	0.57x	0.90x	N/A	-$49.47M	-6.73%	$823.69M	29.27	$1.39B	9.61
ACDC	PROFRAC HOLDING CORP	$8.10	N/A	N/A	-9.88x	1.52x	0.40x	1.07x	N/A	$292.70M	27.60%	$1.21B	9.25	$2.43B	4.89
TRSG	TUNGRAY TECHNOLOGIES INC	$6.59	N/A	N/A	65.90x	N/A	7.48x	N/A	N/A	$1.96M	1.99%	$15.21M	1.01	N/A	N/A
ENSV	ENSERVCO CORP	$0.24	N/A	N/A	-0.57x	N/A	0.22x	-11.33x	N/A	-$466.00k	-9.54%	-$572.00k	-0.03	$15.70M	-7.08
NINE	NINE ENERGY SERVICE INC	$2.28	N/A	N/A	-2.35x	1.32x	0.12x	-2.26x	N/A	$22.35M	29.47%	-$35.63M	-1.07	$416.02M	5.72

Oil & Gas Equipment & Service Stocks FAQ

What are the best oil & gas equipment & service stocks to buy right now in Apr 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 22 points higher than the oil & gas equipment & service industry average of 36. It passed 19 out of 33 due diligence checks and has strong fundamentals. Valaris has seen its stock return 12.44% over the past year, underperforming other oil & gas equipment & service stocks by -14 percentage points.

Valaris has an average 1 year price target of $99.00, an upside of 46.06% from Valaris's current stock price of $67.78.

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 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 28.34% over the past year, overperforming other oil & gas equipment & service stocks by 2 percentage points.

Propetro Holding has an average 1 year price target of $11.00, an upside of 25.86% from Propetro Holding's current stock price of $8.74.

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 23.5% over the past year, underperforming other oil & gas equipment & service stocks by -3 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 20.13%, which is 17 percentage points higher than the oil & gas equipment & service industry average of 3.18%. 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 8.45%, which is 5 percentage points higher than the oil & gas equipment & service industry average of 3.18%. 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 5.44%, which is 2 percentage points higher than the oil & gas equipment & service industry average of 3.18%. 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 57.7% 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 0.5% in the last day, and up 3.38% over the last week. Technipfmc was the among the top gainers in the oil & gas equipment & services industry, gaining 3.38% yesterday.

TechnipFMC shares are trading higher after the company reported better-than-expected Q1 financial results and reaffirmed its FY24 guidance.

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 50 points higher than the oil & gas equipment & service industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 55.17% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 28 percentage points.

2. Dmc Global (NASDAQ:BOOM)

Dmc Global (NASDAQ:BOOM) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Dmc Global has a valuation score of 71, which is 35 points higher than the oil & gas equipment & service industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Dmc Global's stock has dropped -13.62% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -40 percentage points.

3. Drilling Tools International (NASDAQ:DTI)

Drilling Tools International (NASDAQ:DTI) is the third most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Drilling Tools International has a valuation score of 71, which is 35 points higher than the oil & gas equipment & service industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Drilling Tools International's stock has dropped -49.48% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -76 percentage points.

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

57.58% 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 19.68% 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 27.8x.

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.