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...

Overview Zen Score Price Valuation Financials Forecast

Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
VAL	VALARIS LTD	$4.91B	$67.78	$99.00	46.06%	Strong Buy	3	27.56%	N/A	N/A	N/A
PUMP	PROPETRO HOLDING CORP	$940.14M	$8.74	$11.00	25.86%	Strong Buy	1	3.82%	52.61%	N/A	N/A
SDPI	SUPERIOR DRILLING PRODUCTS INC	$37.53M	$1.24	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PFIE	PROFIRE ENERGY INC	$84.77M	$1.80	N/A	N/A	N/A	N/A	-1.41%	N/A	N/A	N/A
RNGR	RANGER ENERGY SERVICES INC	$232.29M	$10.25	N/A	N/A	N/A	N/A	-8.73%	N/A	N/A	N/A
RES	RPC INC	$1.58B	$7.36	$8.00	8.70%	Sell	2	9.93%	50.00%	N/A	N/A
DTI	DRILLING TOOLS INTERNATIONAL CORP	$157.77M	$5.30	N/A	N/A	N/A	N/A	9.39%	N/A	N/A	N/A
WFRD	WEATHERFORD INTERNATIONAL PLC	$9.05B	$123.65	$147.50	19.29%	Strong Buy	8	7.81%	-69.15%	N/A	N/A
DNOW	DNOW INC	$1.56B	$14.68	$17.00	15.80%	Buy	2	3.29%	-21.34%	N/A	N/A
HAL	HALLIBURTON CO	$34.28B	$38.72	$48.29	24.71%	Strong Buy	7	6.22%	9.86%	N/A	N/A
BKR	BAKER HUGHES CO	$33.23B	$33.30	$40.40	21.32%	Strong Buy	5	5.69%	9.95%	N/A	N/A
MRC	MRC GLOBAL INC	$976.40M	$11.57	$16.00	38.29%	Strong Buy	2	2.40%	15.53%	N/A	N/A
WHD	CACTUS INC	$4.11B	$51.73	$53.75	3.90%	Buy	4	5.23%	2.64%	N/A	N/A
GEOS	GEOSPACE TECHNOLOGIES CORP	$166.73M	$12.52	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CHX	CHAMPIONX CORP	$6.65B	$35.01	$39.00	11.40%	Buy	6	5.55%	N/A	N/A	N/A
LBRT	LIBERTY ENERGY INC	$3.83B	$23.01	$24.50	6.48%	Buy	8	3.08%	4.18%	N/A	N/A
SOI	SOLARIS OILFIELD INFRASTRUCTURE INC	$363.87M	$8.46	$10.00	18.20%	Strong Buy	1	-10.68%	N/A	N/A	N/A
SLCA	US SILICA HOLDINGS INC	$1.02B	$13.06	N/A	N/A	N/A	N/A	-2.71%	20.86%	N/A	N/A
BOOM	DMC GLOBAL INC	$331.42M	$16.75	$27.00	61.19%	Strong Buy	1	1.87%	N/A	N/A	N/A
NOA	NORTH AMERICAN CONSTRUCTION GROUP LTD	$606.36M	$21.79	N/A	N/A	N/A	N/A	20.05%	-3.49%	N/A	N/A
SLB	SCHLUMBERGER LIMITED	$70.67B	$49.44	$67.55	36.62%	Strong Buy	11	9.56%	9.99%	N/A	N/A
NOV	NOV INC	$7.47B	$18.95	$25.29	33.44%	Buy	7	6.47%	-66.14%	N/A	N/A
NGS	NATURAL GAS SERVICES GROUP INC	$300.60M	$24.17	$26.00	7.57%	Strong Buy	1	25.77%	N/A	N/A	N/A
CLB	CORE LABORATORIES INC	$800.58M	$17.07	$16.50	-3.34%	Sell	2	6.72%	66.67%	N/A	N/A
AESI	ATLAS ENERGY SOLUTIONS INC	$2.32B	$23.16	$25.50	10.10%	Strong Buy	4	108.20%	N/A	N/A	N/A
FTI	TECHNIPFMC PLC	$11.51B	$26.59	$27.94	5.09%	Strong Buy	7	11.11%	115.44%	N/A	N/A
DWSN	DAWSON GEOPHYSICAL CO	$48.99M	$1.59	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
OII	OCEANEERING INTERNATIONAL INC	$2.47B	$24.55	$26.67	8.62%	Buy	3	5.36%	N/A	N/A	N/A
DRQ	DRIL-QUIP INC	$664.53M	$19.31	$31.00	60.54%	Sell	2	15.95%	N/A	N/A	N/A
FTK	FLOTEK INDUSTRIES INC	$103.82M	$3.50	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
KLXE	KLX ENERGY SERVICES HOLDINGS INC	$118.73M	$7.10	$11.50	61.97%	Hold	1	-7.19%	N/A	646.48%	46.47%
TTI	TETRA TECHNOLOGIES INC	$582.95M	$4.47	$7.50	67.79%	Strong Buy	2	7.35%	N/A	N/A	N/A
USAC	USA COMPRESSION PARTNERS LP	$2.56B	$24.85	$25.67	3.29%	Hold	3	6.59%	25.36%	N/A	N/A
SND	SMART SAND INC	$91.18M	$2.12	N/A	N/A	N/A	N/A	-4.35%	N/A	N/A	N/A
OIS	OIL STATES INTERNATIONAL INC	$338.26M	$5.32	$6.50	22.18%	Hold	1	3.78%	N/A	N/A	N/A
RCON	RECON TECHNOLOGY LTD	$3.91M	$0.08	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AROC	ARCHROCK INC	$3.32B	$20.04	$21.00	4.79%	Buy	1	9.24%	N/A	N/A	N/A
NCSM	NCS MULTISTAGE HOLDINGS INC	$40.65M	$16.35	N/A	N/A	N/A	N/A	6.81%	N/A	N/A	N/A
NR	NEWPARK RESOURCES INC	$620.27M	$7.28	$10.67	46.52%	Strong Buy	3	-4.70%	N/A	N/A	N/A
KGS	KODIAK GAS SERVICES INC	$2.14B	$27.61	$28.83	4.43%	Strong Buy	6	34.25%	N/A	N/A	N/A
HLX	HELIX ENERGY SOLUTIONS GROUP INC	$1.72B	$11.29	$11.00	-2.57%	Strong Buy	1	1.11%	N/A	N/A	N/A
EFXT	ENERFLEX LTD	$706.55M	$5.70	N/A	N/A	N/A	N/A	-1.78%	N/A	N/A	N/A
FET	FORUM ENERGY TECHNOLOGIES INC	$238.18M	$19.39	N/A	N/A	N/A	N/A	17.27%	N/A	N/A	N/A
XPRO	EXPRO GROUP HOLDINGS NV	$2.21B	$19.95	$20.00	0.25%	Buy	2	6.56%	N/A	N/A	N/A
TDW	TIDEWATER INC	$4.87B	$93.22	$95.67	2.62%	Strong Buy	3	27.58%	N/A	N/A	N/A
VTOL	BRISTOW GROUP INC	$739.64M	$26.12	$39.00	49.31%	Strong Buy	2	N/A	N/A	N/A	N/A
ACDC	PROFRAC HOLDING CORP	$1.29B	$8.10	$11.17	37.86%	Strong Buy	3	5.24%	N/A	N/A	N/A
TRSG	TUNGRAY TECHNOLOGIES INC	N/A	$6.59	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ENSV	ENSERVCO CORP	$6.48M	$0.24	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NINE	NINE ENERGY SERVICE INC	$80.54M	$2.28	N/A	N/A	N/A	N/A	0.34%	N/A	N/A	N/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 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.