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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
PUMP
PROPETRO HOLDING CORP
$907.87M8.50%5.90%9.99%10.80%0.481.1530.60%5.30%7.41%
VAL
VALARIS LTD
$4.86B60.00%25.00%4.24%5.40%1.171.7113.50%48.50%8.50%
SDPI
SUPERIOR DRILLING PRODUCTS INC
$34.34M62.60%32.80%8.93%9.40%0.622.2960.90%35.50%9.89%
PFIE
PROFIRE ENERGY INC
$87.12M20.10%17.60%21.78%29.60%0.174.8952.50%18.50%21.40%
RNGR
RANGER ENERGY SERVICES INC
$242.72M8.70%6.30%11.17%10.70%0.391.9616.50%3.70%5.42%
DTI
DRILLING TOOLS INTERNATIONAL CORP
$142.00M33.30%8.30%18.96%12.40%0.492.0876.60%9.50%13.74%
WFRD
WEATHERFORD INTERNATIONAL PLC
$8.02B58.00%8.60%18.64%15.00%4.491.7933.90%8.10%11.63%
RES
RPC INC
$1.68B19.80%15.80%22.61%28.40%0.264.7932.60%12.10%15.86%
BKR
BAKER HUGHES CO
$32.23B12.90%5.40%11.87%16.40%1.391.2620.60%7.60%11.15%
HAL
HALLIBURTON CO
$34.40B29.60%10.90%19.58%16.40%1.622.0618.90%11.50%16.22%
DNOW
DNOW INC
$1.56B26.90%17.50%12.33%22.30%0.442.5623.10%10.60%5.90%
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$357.42M11.90%5.10%8.23%7.70%0.741.8139.30%8.30%12.11%
GEOS
GEOSPACE TECHNOLOGIES CORP
$163.27M18.70%16.50%17.42%23.90%0.144.8544.20%17.40%17.82%
WHD
CACTUS INC
$3.90B21.20%11.30%16.57%23.90%0.533.1737.00%15.40%20.35%
SLB
SCHLUMBERGER LIMITED
$72.71B22.00%9.20%16.53%21.00%1.321.3219.80%12.70%17.24%
LBRT
LIBERTY ENERGY INC
$3.68B26.50%15.70%26.89%24.00%0.641.4828.90%10.40%14.36%
MRC
MRC GLOBAL INC
$987.37M20.00%4.60%16.77%13.30%2.871.4820.20%2.60%5.42%
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$574.63M18.60%5.60%10.05%9.00%3.340.9116.10%6.60%12.84%
BOOM
DMC GLOBAL INC
$327.66M6.60%2.90%6.71%10.10%0.702.5829.50%3.70%7.08%
CHX
CHAMPIONX CORP
$6.93B18.40%9.50%19.27%24.10%0.941.8230.30%8.40%12.61%
SLCA
US SILICA HOLDINGS INC
$990.15M18.40%7.00%15.58%12.90%1.463.2334.20%9.50%19.18%
NOV
NOV INC
$7.29B17.80%9.40%7.99%8.90%0.822.4021.40%11.60%8.25%
CLB
CORE LABORATORIES INC
$796.09M17.10%6.20%10.90%9.00%1.592.5321.50%7.20%10.65%
NGS
NATURAL GAS SERVICES GROUP INC
$290.78M2.00%1.10%2.40%2.20%1.032.3348.50%3.90%8.83%
FTI
TECHNIPFMC PLC
$10.89B1.80%0.60%6.42%5.50%2.071.1616.30%0.70%4.26%
AESI
ATLAS ENERGY SOLUTIONS INC
$2.19B45.60%8.80%12.36%15.20%0.453.4451.10%17.20%23.54%
OII
OCEANEERING INTERNATIONAL INC
$2.25B17.20%4.40%13.11%10.70%2.561.7816.50%4.00%8.15%
DRQ
DRIL-QUIP INC
$669.35M0.10%0.10%0.58%0.80%0.176.1227.30%0.10%1.25%
FTK
FLOTEK INDUSTRIES INC
$105.01M27.70%15.70%25.26%24.60%0.551.6012.90%13.10%14.74%
TTI
TETRA TECHNOLOGIES INC
$566.00M18.90%5.60%15.40%11.40%2.232.2424.50%4.10%8.68%
KLXE
KLX ENERGY SERVICES HOLDINGS INC
$117.06M49.90%3.60%15.62%9.20%12.911.7724.30%2.20%6.61%
USAC
USA COMPRESSION PARTNERS LP
$2.59B-8.90%0.80%9.40%5.30%-8.711.2166.40%2.40%28.31%
SND
SMART SAND INC
$86.02M1.90%1.30%-0.34%-0.30%0.431.1414.00%1.60%-0.33%
OIS
OIL STATES INTERNATIONAL INC
$345.25M1.80%1.20%2.86%3.30%0.483.1022.40%1.60%3.25%
RCON
RECON TECHNOLOGY LTD
$4.67M-13.60%-11.60%-12.03%-20.90%0.218.2728.10%-88.20%-84.38%
NCSM
NCS MULTISTAGE HOLDINGS INC
$40.91M-4.80%-2.20%-2.33%-2.80%0.473.2239.00%-2.20%-1.96%
AROC
ARCHROCK INC
$3.14B12.20%4.00%10.13%6.20%2.051.4054.70%10.60%25.62%
DWSN
DAWSON GEOPHYSICAL CO
$67.48M-38.30%-20.50%-34.59%-40.90%0.831.679.10%-12.50%-12.54%
NR
NEWPARK RESOURCES INC
$620.27M3.50%2.20%6.59%6.30%0.552.6218.50%1.90%4.45%
KGS
KODIAK GAS SERVICES INC
$2.05B2.90%0.60%8.49%5.30%1.841.1058.70%2.40%30.30%
XPRO
EXPRO GROUP HOLDINGS NV
$2.03B-1.80%-1.20%1.63%2.60%0.551.7417.90%-1.50%1.65%
EFXT
ENERFLEX LTD
$701.60M-7.40%-2.70%2.09%1.60%1.811.2519.50%-3.50%1.83%
HLX
HELIX ENERGY SOLUTIONS GROUP INC
$1.62B-0.70%-0.40%1.18%1.10%0.701.5615.50%-0.80%1.93%
FET
FORUM ENERGY TECHNOLOGIES INC
$233.51M-4.50%-2.30%1.70%1.70%0.992.5927.60%-2.60%1.42%
TDW
TIDEWATER INC
$4.64B10.10%5.70%10.90%11.40%0.991.8044.50%9.60%18.71%
VTOL
BRISTOW GROUP INC
$709.06M-0.80%-0.40%3.66%2.70%1.351.8223.70%-0.50%4.59%
ACDC
PROFRAC HOLDING CORP
$1.27B-11.10%-3.20%2.41%1.80%1.440.9835.20%-4.10%2.22%
ENSV
ENSERVCO CORP
$7.04M-415.40%-53.50%-167.72%-41.30%-25.250.5710.40%-38.60%-29.23%
NINE
NINE ENERGY SERVICE INC
$89.73MN/A-7.80%6.11%3.30%-12.282.2219.50%-5.30%3.20%

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 0.15% over the past year, underperforming other oil & gas equipment & service stocks by -17 percentage points.

Valaris has an average 1 year price target of $99.00, an upside of 47.63% from Valaris's current stock price of $67.06.

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 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 19.72% 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 30.33% from Propetro Holding's current stock price of $8.44.

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 10.78% over the past year, underperforming other oil & gas equipment & service stocks by -6 percentage points.

What are the oil & gas equipment & service stocks with highest dividends?

Out of 15 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. Usa Compression Partners (NYSE:USAC)


Usa Compression Partners (NYSE:USAC) has an annual dividend yield of 8.35%, which is 6 percentage points higher than the oil & gas equipment & service industry average of 2.14%. 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.

2. Solaris Oilfield Infrastructure (NYSE:SOI)


Solaris Oilfield Infrastructure (NYSE:SOI) has an annual dividend yield of 5.54%, which is 3 percentage points higher than the oil & gas equipment & service industry average of 2.14%. 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.

3. Archrock (NYSE:AROC)


Archrock (NYSE:AROC) has an annual dividend yield of 3.3%, which is 1 percentage points higher than the oil & gas equipment & service industry average of 2.14%. Archrock's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Archrock's dividend has shown consistent growth over the last 10 years.

Archrock's dividend payout ratio of 93.3% indicates that its dividend yield might not be sustainable for the long-term.

Why are oil & gas equipment & service stocks up?

Oil & gas equipment & service stocks were up 0.11% in the last day, and down -6.33% over the last week.

We couldn't find a catalyst for why oil & gas equipment & service stocks are up.

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 49 points higher than the oil & gas equipment & service industry average of 37. It passed 6 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 58.8% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 42 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 34 points higher than the oil & gas equipment & service industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Dmc Global's stock has dropped -15.6% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -33 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 34 points higher than the oil & gas equipment & service industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Drilling Tools International's stock has dropped -54.46% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -72 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 23.48% 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 27.37x.
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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.