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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
PUMP
PROPETRO HOLDING CORP
$897.11M$8.34$11.0031.89%Strong Buy13.83%52.61%N/AN/A
VAL
VALARIS LTD
$5.06B$69.85$99.0041.73%Strong Buy327.56%N/AN/AN/A
SDPI
SUPERIOR DRILLING PRODUCTS INC
$33.13M$1.09N/AN/AN/AN/AN/AN/AN/AN/A
PFIE
PROFIRE ENERGY INC
$87.60M$1.86N/AN/AN/AN/A-1.41%N/AN/AN/A
RNGR
RANGER ENERGY SERVICES INC
$254.50M$11.23N/AN/AN/AN/A-8.73%N/AN/AN/A
LBRT
LIBERTY ENERGY INC
$3.68B$22.10$23.576.66%Buy70.57%-10.08%N/AN/A
DTI
DRILLING TOOLS INTERNATIONAL CORP
$137.53M$4.62N/AN/AN/AN/A9.39%N/AN/AN/A
WFRD
WEATHERFORD INTERNATIONAL PLC
$8.36B$115.56$140.8321.87%Strong Buy611.42%-66.32%N/AN/A
RES
RPC INC
$1.68B$7.81$8.002.43%Sell23.22%16.67%N/AN/A
BKR
BAKER HUGHES CO
$32.48B$32.45$40.4024.50%Strong Buy57.13%4.06%N/AN/A
HAL
HALLIBURTON CO
$34.80B$39.10$48.7524.68%Strong Buy46.50%8.83%N/AN/A
DNOW
DNOW INC
$1.59B$14.98$17.0013.48%Buy23.36%-21.34%N/AN/A
WHD
CACTUS INC
$3.99B$50.33$53.756.80%Buy45.23%2.64%N/AN/A
GEOS
GEOSPACE TECHNOLOGIES CORP
$170.73M$12.82N/AN/AN/AN/AN/AN/AN/AN/A
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$366.02M$8.51$10.0017.51%Strong Buy1-10.68%N/AN/AN/A
SLB
SCHLUMBERGER LIMITED
$73.75B$51.67$69.3334.18%Strong Buy911.18%13.35%N/AN/A
MRC
MRC GLOBAL INC
$1.01B$11.95$16.0033.89%Strong Buy22.42%15.53%N/AN/A
BOOM
DMC GLOBAL INC
$333.79M$16.87$27.0060.05%Strong Buy11.87%N/AN/AN/A
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$581.87M$20.91N/AN/AN/AN/A20.05%-3.49%N/AN/A
SLCA
US SILICA HOLDINGS INC
$1.02B$13.06N/AN/AN/AN/A-2.71%20.86%N/AN/A
CHX
CHAMPIONX CORP
$7.06B$36.94$39.005.58%Buy65.18%N/AN/AN/A
NGS
NATURAL GAS SERVICES GROUP INC
$297.99M$23.96$26.008.51%Strong Buy125.77%N/AN/AN/A
CLB
CORE LABORATORIES INC
$814.37M$17.38$16.50-5.06%Sell26.84%69.51%N/AN/A
NOV
NOV INC
$7.55B$19.17$25.2531.72%Strong Buy86.53%-66.14%N/AN/A
AESI
ATLAS ENERGY SOLUTIONS INC
$2.21B$22.08$25.2514.36%Strong Buy4108.20%N/AN/AN/A
FTI
TECHNIPFMC PLC
$11.02B$25.47$27.949.71%Strong Buy711.23%115.44%N/AN/A
DRQ
DRIL-QUIP INC
$731.98M$21.27$31.0045.75%Sell215.95%N/AN/AN/A
OII
OCEANEERING INTERNATIONAL INC
$2.36B$23.44$23.00-1.88%Hold25.36%N/AN/AN/A
FTK
FLOTEK INDUSTRIES INC
$104.41M$3.52N/AN/AN/AN/AN/AN/AN/AN/A
TTI
TETRA TECHNOLOGIES INC
$581.65M$4.46$7.5068.16%Strong Buy27.35%N/AN/AN/A
KLXE
KLX ENERGY SERVICES HOLDINGS INC
$127.26M$7.61$11.5051.12%Hold1-7.19%N/A646.48%46.47%
USAC
USA COMPRESSION PARTNERS LP
$2.58B$25.08$23.50-6.30%Sell26.48%25.36%N/AN/A
SND
SMART SAND INC
$86.45M$2.01N/AN/AN/AN/A-4.35%N/AN/AN/A
RCON
RECON TECHNOLOGY LTD
$6.48M$0.14N/AN/AN/AN/AN/AN/AN/AN/A
NCSM
NCS MULTISTAGE HOLDINGS INC
$41.46M$16.68N/AN/AN/AN/A6.81%N/AN/AN/A
OIS
OIL STATES INTERNATIONAL INC
$371.32M$5.84$6.5011.30%Hold14.52%N/AN/AN/A
AROC
ARCHROCK INC
$3.30B$19.90$18.00-9.55%Buy29.24%N/AN/AN/A
DWSN
DAWSON GEOPHYSICAL CO
$60.70M$1.97N/AN/AN/AN/AN/AN/AN/AN/A
NR
NEWPARK RESOURCES INC
$639.86M$7.51$10.7543.14%Strong Buy4-4.70%N/AN/AN/A
HLX
HELIX ENERGY SOLUTIONS GROUP INC
$1.69B$11.11$11.00-0.99%Strong Buy11.11%N/AN/AN/A
XPRO
EXPRO GROUP HOLDINGS NV
$2.10B$19.11$20.004.66%Buy29.83%N/AN/AN/A
EFXT
ENERFLEX LTD
$746.22M$6.02N/AN/AN/AN/A-1.78%N/AN/AN/A
KGS
KODIAK GAS SERVICES INC
$2.06B$26.63$27.673.89%Strong Buy634.25%N/AN/AN/A
FET
FORUM ENERGY TECHNOLOGIES INC
$240.15M$19.55N/AN/AN/AN/A17.27%N/AN/AN/A
TDW
TIDEWATER INC
$4.89B$93.63$95.672.18%Strong Buy327.58%N/AN/AN/A
VTOL
BRISTOW GROUP INC
$711.61M$25.13$39.0055.19%Strong Buy2N/AN/AN/AN/A
ACDC
PROFRAC HOLDING CORP
$1.35B$8.49$11.8839.87%Buy45.68%N/AN/AN/A
ENSV
ENSERVCO CORP
$8.49M$0.32N/AN/AN/AN/AN/AN/AN/AN/A
NINE
NINE ENERGY SERVICE INC
$98.91M$2.80N/AN/AN/AN/A0.34%N/AN/AN/A

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 4.68% over the past year, underperforming other oil & gas equipment & service stocks by -16 percentage points.

Valaris has an average 1 year price target of $99.00, an upside of 41.73% from Valaris's current stock price of $69.85.

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 13.32% over the past year, underperforming other oil & gas equipment & service stocks by -7 percentage points.

Propetro Holding has an average 1 year price target of $11.00, an upside of 31.89% from Propetro Holding's current stock price of $8.34.

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 9% over the past year, underperforming other oil & gas equipment & service stocks by -12 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 8.37%, which is 6 percentage points higher than the oil & gas equipment & service industry average of 2.11%. 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 5.41%, which is 3 percentage points higher than the oil & gas equipment & service industry average of 2.11%. 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 3.14%, which is 1 percentage points higher than the oil & gas equipment & service industry average of 2.11%. 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 down?

Oil & gas equipment & service stocks were down -1.5% in the last day, and down -4.38% over the last week.

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

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 58.97% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 38 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 -13.8% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -34 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 -55.87% 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 18.78% 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 28.09x.
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.