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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
Price
Valuation Score
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
PFIE
PROFIRE ENERGY INC
$1.78$1.97-9.73%7.74xN/A1.45x1.47x0.88x$6.19M7.36%$56.84M1.20$73.19M5.40
PUMP
PROPETRO HOLDING CORP
$9.29$16.86-44.91%13.46x5.28x0.63x1.00x0.25x$94.50M9.38%$998.15M9.20$1.12B3.77
SDPI
SUPERIOR DRILLING PRODUCTS INC
$1.24$34.86-96.44%4.96xN/A1.76x2.26x0.01x-$547.49k-1.45%$16.65M0.56$41.68M11.44
RNGR
RANGER ENERGY SERVICES INC
$10.05$16.86-40.39%10.36xN/A0.39x0.84x0.30x$61.10M24.72%$271.80M11.05$245.96M3.31
DTI
DRILLING TOOLS INTERNATIONAL CORP
$5.30$85.53-93.80%7.91xN/A0.75x1.78x0.02x-$530.00k-0.47%$88.69M4.14$170.62M3.73
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$20.47$15.3033.79%14.26x12.11x0.75x2.06x0.97x$18.94M3.46%$265.18M9.92$1.04B5.59
VAL
VALARIS LTD
$68.25$724.80-90.58%5.98xN/A2.63x2.45x0.04x-$649.00M-13.13%$2.02B27.91$5.51B19.25
RES
RPC INC
$6.77$13.77-50.82%9.67x6.45x0.96x1.40x0.24x$167.89M11.57%$1.03B4.82$1.27B4.04
DNOW
DNOW INC
$14.34N/AN/A6.35x15.26x0.66x1.44xN/A$171.00M11.14%$1.06B9.91$1.25B7.69
HAL
HALLIBURTON CO
$36.73$24.9247.37%12.67x11.48x1.41x3.37x1.43x$2.59B7.92%$9.64B10.84$39.41B8.34
BKR
BAKER HUGHES CO
$31.92$15.69103.43%17.54x15.88x1.22x2.07x1.96x$2.35B7.38%$15.39B15.42$35.15B9.25
WFRD
WEATHERFORD INTERNATIONAL PLC
$122.60N/AN/A19.40x62.87x1.68x8.22xN/A$675.00M7.55%$1.09B14.97$9.93B10.05
MRC
MRC GLOBAL INC
$11.51$11.69-1.54%10.76x8.79x0.28x1.99x0.69x$167.00M17.23%$488.00M5.80$1.36B6.05
GEOS
GEOSPACE TECHNOLOGIES CORP
$12.60N/AN/A6.63xN/A1.16x1.15xN/A$22.09M13.23%$146.31M11.04$149.59M3.60
LBRT
LIBERTY ENERGY INC
$21.64$19.1313.15%7.70x7.39x0.79x1.91x2.05x$381.31M10.60%$1.88B11.33$4.03B3.65
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$9.01N/AN/A13.25xN/A1.43x1.98xN/A$43.30M10.92%$200.13M4.55$440.11M6.32
WHD
CACTUS INC
$50.65$18.53173.28%19.94x18.83x2.90x4.51x3.86x$334.96M10.11%$893.37M13.67$3.88B12.98
SLB
SCHLUMBERGER LIMITED
$47.66$26.3480.93%15.63x14.14x2.00x3.29x1.74x$4.08B5.98%$20.74B14.49$77.50B9.41
CHX
CHAMPIONX CORP
$33.60$15.27119.99%17.87x14.06x1.72x3.73x2.37x$487.13M7.60%$1.71B8.97$6.70B8.80
NCSM
NCS MULTISTAGE HOLDINGS INC
$17.42N/AN/A3.08xN/A0.31x0.47xN/A$3.11M7.11%$93.72M37.37$43.40M2.12
NGS
NATURAL GAS SERVICES GROUP INC
$22.39$14.2157.52%57.41xN/A2.28x1.18x0.65x-$135.43M-49.12%$235.89M19.15$428.18M11.49
NOV
NOV INC
$18.54N/AN/A7.42x13.15x0.83x1.17xN/A-$28.00M-0.38%$6.25B15.85$9.34B9.01
BOOM
DMC GLOBAL INC
$13.64N/AN/A12.40xN/A0.38x0.66xN/A$55.93M20.91%$409.91M20.90$340.12M3.87
AESI
ATLAS ENERGY SOLUTIONS INC
$21.97N/AN/A14.65xN/A2.52x2.53xN/A-$66.46M-4.29%$867.82M12.32$2.16B11.61
SLCA
US SILICA HOLDINGS INC
$15.51$29.86-48.06%10.27x6.60x0.84x1.40x0.25x$225.72M18.74%$864.18M11.13$1.86B4.75
CLB
CORE LABORATORIES INC
$15.92$21.46-25.80%19.65x10.41x1.46x3.22x0.33x$23.04M3.09%$232.16M4.95$944.01M13.15
FTK
FLOTEK INDUSTRIES INC
$3.48N/AN/A3.48xN/A0.46x1.01xN/A-$12.31M-14.25%$101.96M4.11$115.15M3.66
OII
OCEANEERING INTERNATIONAL INC
$22.89$39.11-41.47%21.19x457.80x0.93x3.72x0.24x$83.07M3.59%$623.08M6.17$2.77B8.90
KLXE
KLX ENERGY SERVICES HOLDINGS INC
$6.77N/AN/A5.50xN/A0.13x2.92xN/A$74.80M66.07%$38.80M2.32$366.11M2.78
AROC
ARCHROCK INC
$20.21$8.27144.39%24.35xN/A3.03x3.58x1.90x$103.36M3.32%$882.08M5.72$4.74B10.35
USAC
USA COMPRESSION PARTNERS LP
$24.35$2.83760.41%115.95x90.19x2.84x-8.55x5.08x$38.70M1.61%-$293.29M-2.97$4.86B10.00
FTI
TECHNIPFMC PLC
$25.96$9.28179.69%52.98x35.08x1.38x3.72x1.38x$732.60M6.51%$3.01B6.93$12.41B14.01
DWSN
DAWSON GEOPHYSICAL CO
$1.47N/AN/A-3.27xN/A0.41x1.44xN/A-$2.69M-6.87%$31.43M1.18$35.76M-9.80
DRQ
DRIL-QUIP INC
$18.60N/AN/A-29.52x12.40x1.44x0.75xN/A$38.28M5.98%$857.36M24.91$454.76M31.09
SND
SMART SAND INC
$2.20N/AN/A18.33xN/A0.29x0.39xN/A$8.09M9.45%$242.27M6.22$132.30M4.85
NR
NEWPARK RESOURCES INC
$7.10N/AN/A35.50xN/A0.84x1.43xN/A$50.48M8.34%$421.59M4.95$662.15M9.98
RCON
RECON TECHNOLOGY LTD
$1.72N/AN/A-0.40xN/A0.35x0.07xN/A-$7.21M-222.27%$61.54M32.65-$4.94M0.73
TTI
TETRA TECHNOLOGIES INC
$3.95N/AN/A24.69xN/A0.82x3.51xN/A$12.83M2.48%$147.40M1.13$696.92M8.36
KGS
KODIAK GAS SERVICES INC
$27.30N/AN/A94.14xN/A2.18x1.85xN/A$47.98M2.58%$1.14B16.79$3.93B8.84
EFXT
ENERFLEX LTD
$5.86N/AN/A-8.79xN/A0.31x0.70xN/A$126.06M17.37%$1.03B8.34$1.61B6.67
TDW
TIDEWATER INC
$106.51N/AN/A41.61xN/A4.90x5.32xN/A$112.80M2.02%$1.06B20.20$6.06B15.60
FET
FORUM ENERGY TECHNOLOGIES INC
$18.51N/AN/A-7.88xN/A0.30x0.51xN/A$27.85M12.33%$446.20M36.57$526.23M10.84
XPRO
EXPRO GROUP HOLDINGS NV
$19.44N/AN/A-114.35x16.20x1.38x1.66xN/A$24.86M1.16%$1.29B11.75$2.11B9.80
OIS
OIL STATES INTERNATIONAL INC
$4.32N/AN/A-108.00x3.60x0.36x0.40xN/A$24.28M8.98%$692.32M11.08$417.34M6.16
VTOL
BRISTOW GROUP INC
$27.70N/AN/A-115.42xN/A0.60x0.95xN/A-$49.47M-6.35%$823.69M29.27$1.44B9.91
HLX
HELIX ENERGY SOLUTIONS GROUP INC
$10.95N/AN/A-52.14xN/A1.25x1.14xN/A$205.81M12.34%$1.47B9.63$2.03B11.40
TRSG
TUNGRAY TECHNOLOGIES INC
$6.71N/AN/A111.83xN/A7.00x6.68xN/A$407.77k0.40%$16.33M1.09$100.85M51.24
ACDC
PROFRAC HOLDING CORP
$6.96N/AN/A-8.49x1.30x0.35x0.92xN/A$292.70M32.13%$1.21B9.25$2.25B4.52
ENSV
ENSERVCO CORP
$0.21N/AN/A-0.49xN/A0.19x-9.68xN/A-$466.00k-11.17%-$572.00k-0.03$14.76M-6.66
NINE
NINE ENERGY SERVICE INC
$2.20N/AN/A-2.27x1.27x0.12x-2.18xN/A$22.35M30.55%-$35.63M-1.07$413.19M5.69

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.
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.