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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
NCSM
NCS MULTISTAGE HOLDINGS INC
$58.37M$23.32N/AN/AN/AN/A4.76%N/AN/AN/A
DTI
DRILLING TOOLS INTERNATIONAL CORP
$120.77M$3.48$7.50115.52%Strong Buy110.71%21.05%27.30%15.18%
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$534.47M$19.92N/AN/AN/AN/A4.10%45.06%N/AN/A
TDW
TIDEWATER INC
$2.78B$53.11$102.0092.05%Buy18.05%35.44%46.63%25.43%
WFRD
WEATHERFORD INTERNATIONAL PLC
$6.19B$85.23$143.6768.56%Strong Buy62.27%-5.80%42.15%11.02%
SLB
SCHLUMBERGER LIMITED
$61.56B$43.59$60.7139.28%Strong Buy146.20%8.77%29.48%12.74%
WHD
CACTUS INC
$5.31B$66.66$56.40-15.39%Hold52.11%8.38%29.95%17.86%
FTK
FLOTEK INDUSTRIES INC
$223.47M$7.50$8.006.67%Strong Buy19.41%34.89%16.13%10.94%
VAL
VALARIS LTD
$3.52B$49.50$68.7538.89%Strong Buy41.50%-70.05%37.56%18.33%
INVX
INNOVEX INTERNATIONAL INC
$1.07B$15.91$21.0031.99%Strong Sell1-3.36%-69.18%6.47%5.16%
BKR
BAKER HUGHES CO
$42.62B$43.07$44.122.43%Strong Buy171.85%8.10%18.57%8.01%
NOV
NOV INC
$6.32B$16.24$20.4225.72%Buy121.27%-22.46%10.61%6.00%
USAC
USA COMPRESSION PARTNERS LP
$2.70B$23.04$24.677.06%Hold32.84%34.46%244.29%5.36%
CHX
CHAMPIONX CORP
$5.90B$31.04$33.006.31%Hold10.07%7.31%N/AN/A
PFIE
PROFIRE ENERGY INC
$116.42M$2.52$2.551.19%Hold10.99%-3.64%N/AN/A
FTI
TECHNIPFMC PLC
$12.01B$28.24$34.1420.90%Strong Buy76.95%16.34%36.90%12.37%
LBRT
LIBERTY ENERGY INC
$2.87B$17.55$22.3827.49%Buy8-0.49%-15.65%14.38%8.65%
XPRO
EXPRO GROUP HOLDINGS NV
$1.58B$13.45$23.3373.48%Strong Buy33.71%171.57%11.88%7.52%
HAL
HALLIBURTON CO
$26.52B$30.19$40.5634.34%Strong Buy181.55%6.24%30.43%12.37%
AROC
ARCHROCK INC
$4.14B$23.66$24.503.55%Strong Buy69.71%24.92%21.65%7.32%
DNOW
DNOW INC
$1.57B$14.86$15.504.31%Buy21.60%-23.03%9.12%6.40%
GEOS
GEOSPACE TECHNOLOGIES CORP
$173.36M$13.43N/AN/AN/AN/AN/AN/AN/AN/A
TTI
TETRA TECHNOLOGIES INC
$499.56M$3.79$5.5045.12%Strong Buy19.38%256.02%147.23%46.03%
RNGR
RANGER ENERGY SERVICES INC
$341.46M$15.35$12.50-18.57%Hold2-3.71%18.46%12.39%8.86%
RES
RPC INC
$1.27B$5.90$6.083.10%Sell3-5.11%-23.21%6.82%5.49%
NGS
NATURAL GAS SERVICES GROUP INC
$300.58M$24.11$27.0011.99%Strong Buy110.47%14.93%8.53%4.28%
MRC
MRC GLOBAL INC
$1.16B$13.57$16.0017.91%Strong Buy21.82%5.73%18.82%5.97%
VTOL
BRISTOW GROUP INC
$1.05B$36.81$50.0035.83%Strong Buy1N/AN/AN/AN/A
HLX
HELIX ENERGY SOLUTIONS GROUP INC
$1.60B$10.51$14.5037.96%Strong Buy21.62%315.33%9.39%5.54%
OII
OCEANEERING INTERNATIONAL INC
$2.81B$27.83$28.000.61%Buy31.38%6.75%18.10%5.36%
SND
SMART SAND INC
$93.13M$2.17$2.6320.97%Hold21.65%N/A5.46%3.96%
SEI
SOLARIS OILFIELD INFRASTRUCTURE INC
$1.08B$17.82N/AN/AN/AN/A24.76%-20.45%28.15%6.64%
RCON
RECON TECHNOLOGY LTD
$18.94M$2.37N/AN/AN/AN/AN/AN/AN/AN/A
FET
FORUM ENERGY TECHNOLOGIES INC
$187.82M$15.29N/AN/AN/AN/A8.23%N/A2.94%1.34%
CLB
CORE LABORATORIES INC
$945.11M$20.13$17.00-15.55%Sell43.15%28.84%19.29%8.05%
AESI
ATLAS ENERGY SOLUTIONS INC
$2.33B$21.12$24.4315.67%Strong Buy717.58%12.68%23.49%12.45%
KGS
KODIAK GAS SERVICES INC
$3.14B$35.85$35.78-0.20%Strong Buy913.09%163.03%14.75%4.09%
EFXT
ENERFLEX LTD
$940.04M$7.58$9.0018.73%Buy1-2.35%N/A9.94%3.46%
NR
NEWPARK RESOURCES INC
$629.70M$7.28$12.0064.84%Buy1-25.11%N/A12.30%9.99%
OIS
OIL STATES INTERNATIONAL INC
$330.70M$5.24$6.5024.05%Buy3-4.56%N/A3.23%2.22%
PUMP
PROPETRO HOLDING CORP
$809.03M$7.86$10.3331.46%Strong Buy30.85%N/A7.46%4.85%
DWSN
DAWSON GEOPHYSICAL CO
$44.68M$1.44N/AN/AN/AN/AN/AN/AN/AN/A
BOOM
DMC GLOBAL INC
$163.02M$8.14$20.00145.70%Strong Buy2-2.52%N/A3.86%1.41%
ACDC
PROFRAC HOLDING CORP
$1.12B$7.01$7.7510.56%Hold42.52%N/A13.08%4.60%
NINE
NINE ENERGY SERVICE INC
$52.53M$1.24N/AN/AN/AN/A0.93%N/AN/A-7.20%
KLXE
KLX ENERGY SERVICES HOLDINGS INC
$94.42M$5.60$4.50-19.64%Hold10.28%N/A-478.83%-2.46%

Oil & Gas Equipment & Service Stocks FAQ

What are the best oil & gas equipment & service stocks to buy right now in Nov 2024?

According to Zen Score, the 3 best oil & gas equipment & service stocks to buy right now are:

1. Ncs Multistage Holdings (NASDAQ:NCSM)


Ncs Multistage Holdings (NASDAQ:NCSM) is the top oil & gas equipment & service stock with a Zen Score of 65, which is 29 points higher than the oil & gas equipment & service industry average of 36. It passed 20 out of 33 due diligence checks and has strong fundamentals. Ncs Multistage Holdings has seen its stock return 85.67% over the past year, overperforming other oil & gas equipment & service stocks by 82 percentage points.

2. Drilling Tools International (NASDAQ:DTI)


Drilling Tools International (NASDAQ:DTI) is the second best 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 19 out of 33 due diligence checks and has strong fundamentals. Drilling Tools International has seen its stock lose -5.18% over the past year, underperforming other oil & gas equipment & service stocks by -9 percentage points.

Drilling Tools International has an average 1 year price target of $7.50, an upside of 115.52% from Drilling Tools International's current stock price of $3.48.

Drilling Tools International stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Drilling Tools International, 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. North American Construction Group (NYSE:NOA)


North American Construction Group (NYSE:NOA) 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 21 out of 38 due diligence checks and has strong fundamentals. North American Construction Group has seen its stock return 2.31% over the past year, underperforming other oil & gas equipment & service stocks by -2 percentage points.

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

Out of 17 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 9.11%, which is 7 percentage points higher than the oil & gas equipment & service industry average of 2.01%. 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 368.4% indicates that its high dividend yield might not be sustainable for the long-term.

2. Smart Sand (NASDAQ:SND)


Smart Sand (NASDAQ:SND) has an annual dividend yield of 4.61%, which is 3 percentage points higher than the oil & gas equipment & service industry average of 2.01%.

Smart Sand's dividend payout ratio of -71.4% indicates that its high dividend yield might not be sustainable for the long-term.

3. Archrock (NYSE:AROC)


Archrock (NYSE:AROC) has an annual dividend yield of 2.83%, which is 1 percentage points higher than the oil & gas equipment & service industry average of 2.01%. 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 73.6% indicates that its dividend yield is sustainable for the long-term.

Why are oil & gas equipment & service stocks down?

Oil & gas equipment & service stocks were down -1.87% in the last day, and down -2.8% over the last week. Dawson Geophysical Co was the among the top losers in the oil & gas equipment & services industry, dropping -18.53% yesterday.

Dawson Geophysical shares are trading lower after the company reported a year-over-year decline in Q3 sales results.

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. Ncs Multistage Holdings (NASDAQ:NCSM)


Ncs Multistage Holdings (NASDAQ:NCSM) is the most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Ncs Multistage Holdings has a valuation score of 100, which is 71 points higher than the oil & gas equipment & service industry average of 29. It passed 7 out of 7 valuation due diligence checks.

Ncs Multistage Holdings's stock has gained 85.67% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 82 percentage points.

2. North American Construction Group (NYSE:NOA)


North American Construction Group (NYSE:NOA) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. North American Construction Group has a valuation score of 71, which is 42 points higher than the oil & gas equipment & service industry average of 29. It passed 5 out of 7 valuation due diligence checks.

North American Construction Group's stock has gained 2.31% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -2 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 42 points higher than the oil & gas equipment & service industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Drilling Tools International's stock has dropped -5.18% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -9 percentage points.

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

50% 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 27.32% 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 19.97x.
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.