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Best Oil & Gas Equipment & Service Stocks to Buy Now (2023)
Top oil & gas equipment & service stocks in 2023 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
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
TH
TARGET HOSPITALITY CORP
$1.46B$14.45$20.0038.41%Buy28.14%65.00%60.84%22.63%
RNGR
RANGER ENERGY SERVICES INC
$286.60M$11.52$14.0021.53%Hold1N/AN/AN/AN/A
PUMP
PROPETRO HOLDING CORP
$820.45M$7.12$14.0096.63%Strong Buy17.33%117.22%N/AN/A
NEX
NEXTIER OILFIELD SOLUTIONS INC
$1.86B$8.05$10.6031.68%Buy59.18%-14.96%45.49%21.97%
LBRT
LIBERTY ENERGY INC
$2.19B$12.53$17.7041.26%Hold54.62%-10.61%32.27%18.59%
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$363.16M$7.93$8.000.88%Hold1N/AN/A40.76%17.91%
RES
RPC INC
$1.53B$7.09$29.13310.79%Hold2-10.77%-39.37%24.49%19.13%
SDPI
SUPERIOR DRILLING PRODUCTS INC
$33.63M$1.15$2.0073.91%Strong Buy1N/AN/AN/AN/A
HAL
HALLIBURTON CO
$27.25B$30.20$50.1766.12%Strong Buy125.20%18.71%N/AN/A
ACDC
PROFRAC HOLDING CORP
$1.86B$11.72$23.0096.25%Strong Buy414.86%84.90%708.13%23.32%
MRC
MRC GLOBAL INC
$770.54M$9.15$13.5047.54%Strong Buy22.90%20.70%N/AN/A
WHD
CACTUS INC
$2.68B$33.72$51.7553.47%Buy48.12%2.79%28.98%14.05%
MARPS
MARINE PETROLEUM TRUST
$14.98M$7.49N/AN/AN/AN/AN/AN/AN/AN/A
CHX
CHAMPIONX CORP
$5.27B$26.63$40.0050.21%Strong Buy10.63%48.38%N/AN/A
NINE
NINE ENERGY SERVICE INC
$104.50M$3.01$7.00132.56%Strong Buy22.20%124.00%-529.58%14.08%
PFIE
PROFIRE ENERGY INC
$61.56M$1.30N/AN/AN/AN/A-21.52%N/AN/AN/A
NOV
NOV INC
$5.93B$15.05$24.5663.16%Strong Buy97.04%28.89%N/AN/A
KLXE
KLX ENERGY SERVICES HOLDINGS INC
$143.89M$8.77$24.00173.66%Strong Buy1N/AN/AN/AN/A
OIS
OIL STATES INTERNATIONAL INC
$442.07M$6.88$10.0045.35%Hold18.16%700.00%11.09%7.34%
SLB
SCHLUMBERGER LIMITED
$63.40B$44.48$67.0050.63%Strong Buy106.38%13.53%N/AN/A
DNOW
NOW INC
$1.04B$9.76$14.0043.44%Buy22.32%-3.92%N/AN/A
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$510.91M$18.36N/AN/AN/AN/A-7.52%-16.83%19.32%6.63%
CLB
CORE LABORATORIES INC
$1.08B$23.13$22.88-1.10%Hold412.21%86.27%36.54%12.03%
WTTR
SELECT WATER SOLUTIONS INC
$915.82M$7.52$10.0032.98%Buy2N/AN/A11.77%7.01%
AROC
ARCHROCK INC
$1.46B$9.33$14.0050.05%Buy2N/AN/AN/AN/A
DRQ
DRIL-QUIP INC
$816.73M$23.90$25.004.60%Strong Sell114.09%N/A5.82%5.26%
WFRD
WEATHERFORD INTERNATIONAL PLC
$4.26B$59.07$89.4051.35%Strong Buy51.34%-71.08%24.78%2.98%
TTI
TETRA TECHNOLOGIES INC
$354.55M$2.74$8.00191.97%Strong Buy1N/AN/A31.97%8.62%
SND
SMART SAND INC
$63.85M$1.55N/AN/AN/AN/AN/AN/A0.53%0.35%
FET
FORUM ENERGY TECHNOLOGIES INC
$245.62M$24.20N/AN/AN/AN/AN/AN/AN/AN/A
BKR
BAKER HUGHES CO
$28.23B$27.89$37.4634.30%Strong Buy116.30%N/AN/AN/A
GIFI
GULF ISLAND FABRICATION INC
$51.84M$3.21N/AN/AN/AN/AN/AN/AN/AN/A
SLCA
US SILICA HOLDINGS INC
$950.97M$12.34$16.0029.66%Hold32.23%9.88%24.67%8.75%
TUSK
MAMMOTH ENERGY SERVICES INC
$180.83M$3.79$6.0058.31%Strong Buy2N/AN/AN/AN/A
NR
NEWPARK RESOURCES INC
$325.02M$3.82N/AN/AN/AN/AN/AN/AN/AN/A
BOOM
DMC GLOBAL INC
$333.01M$16.89$35.00107.22%Buy2N/AN/A11.24%4.75%
MTRX
MATRIX SERVICE CO
$147.41M$5.45N/AN/AN/AN/AN/AN/AN/AN/A
RCON
RECON TECHNOLOGY LTD
$13.59M$0.40N/AN/AN/AN/AN/AN/AN/AN/A
OII
OCEANEERING INTERNATIONAL INC
$1.64B$16.31$23.5044.08%Buy2-0.02%73.47%0.97%0.25%
USAC
USA COMPRESSION PARTNERS LP
$1.85B$18.82$21.0011.58%Sell3N/AN/A-15.75%1.00%
NCSM
NCS MULTISTAGE HOLDINGS INC
$44.39M$18.20N/AN/AN/AN/AN/AN/AN/AN/A
GEOS
GEOSPACE TECHNOLOGIES CORP
$109.26M$8.30N/AN/AN/AN/AN/AN/AN/AN/A
VAL
VALARIS LTD
$4.59B$60.99$88.5045.11%Buy2N/AN/AN/AN/A
XPRO
EXPRO GROUP HOLDINGS NV
$1.90B$17.50$22.0025.71%Strong Buy12.61%N/A10.26%6.73%
CCLP
CSI COMPRESSCO LP
$150.51M$1.06N/AN/AN/AN/AN/AN/AN/AN/A
TDW
TIDEWATER INC
$2.39B$47.01N/AN/AN/AN/AN/AN/AN/AN/A
ATLX
ATLAS LITHIUM CORP
$208.78M$21.51$56.33161.89%Strong Buy3N/AN/AN/AN/A
DWSN
DAWSON GEOPHYSICAL CO
$51.00M$2.04N/AN/AN/AN/AN/AN/AN/AN/A
FTI
TECHNIPFMC PLC
$6.15B$13.93$18.5032.81%Strong Buy67.07%N/AN/AN/A
IONR
IONEER LTD
$476.85M$9.09N/AN/AN/AN/AN/AN/AN/AN/A
NGS
NATURAL GAS SERVICES GROUP INC
$130.89M$10.47$26.00148.33%Strong Buy1N/AN/AN/AN/A
FTK
FLOTEK INDUSTRIES INC
$60.02M$0.68N/AN/AN/AN/AN/AN/AN/AN/A
HLX
HELIX ENERGY SOLUTIONS GROUP INC
$1.00B$6.61N/AN/AN/AN/AN/AN/A2.20%1.41%
VTOL
BRISTOW GROUP INC
$662.95M$23.67$40.0068.99%Strong Buy1N/AN/AN/AN/A
ENSV
ENSERVCO CORP
$6.36M$0.34N/AN/AN/AN/AN/AN/AN/AN/A
HHRS
HAMMERHEAD ENERGY INC
$648.34M$7.13N/AN/AN/AN/AN/AN/AN/AN/A
AESI
ATLAS ENERGY SOLUTIONS INC
$1.63B$16.29$24.5050.40%Strong Buy8N/AN/AN/AN/A

Oil & Gas Equipment & Service Stocks FAQ

What are the best oil & gas equipment & service stocks to buy right now in May 2023?

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

1. Target Hospitality (NASDAQ:TH)


Target Hospitality (NASDAQ:TH) is the top oil & gas equipment & service stock with a Zen Score of 75, which is 40 points higher than the oil & gas equipment & service industry average of 35. It passed 25 out of 33 due diligence checks and has strong fundamentals. Target Hospitality has seen its stock return 137.66% over the past year, overperforming other oil & gas equipment & service stocks by 144 percentage points.

Target Hospitality has an average 1 year price target of $20.00, an upside of 38.41% from Target Hospitality's current stock price of $14.45.

Target Hospitality stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Target Hospitality, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Ranger Energy Services (NYSE:RNGR)


Ranger Energy Services (NYSE:RNGR) is the second best oil & gas equipment & service stock with a Zen Score of 57, which is 22 points higher than the oil & gas equipment & service industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. Ranger Energy Services has seen its stock return 6.86% over the past year, overperforming other oil & gas equipment & service stocks by 14 percentage points.

Ranger Energy Services has an average 1 year price target of $14.00, an upside of 21.53% from Ranger Energy Services's current stock price of $11.52.

Ranger Energy Services stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Ranger Energy Services, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Propetro Holding (NYSE:PUMP)


Propetro Holding (NYSE:PUMP) is the third best oil & gas equipment & service stock with a Zen Score of 56, which is 21 points higher than the oil & gas equipment & service industry average of 35. It passed 17 out of 33 due diligence checks and has strong fundamentals. Propetro Holding has seen its stock lose -44.29% over the past year, underperforming other oil & gas equipment & service stocks by -38 percentage points.

Propetro Holding has an average 1 year price target of $14.00, an upside of 96.63% from Propetro Holding's current stock price of $7.12.

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.

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. Usa Compression Partners (NYSE:USAC)


Usa Compression Partners (NYSE:USAC) has an annual dividend yield of 11.16%, which is 8 percentage points higher than the oil & gas equipment & service industry average of 3.22%. 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 -1,909.1% indicates that its high dividend yield might not be sustainable for the long-term.

2. Marine Petroleum Trust (NASDAQ:MARPS)


Marine Petroleum Trust (NASDAQ:MARPS) has an annual dividend yield of 8.89%, which is 6 percentage points higher than the oil & gas equipment & service industry average of 3.22%. Marine Petroleum Trust's dividend payout is not stable, having dropped more than 10% sixteen times in the last 10 years. Marine Petroleum Trust's dividend has not shown consistent growth over the last 10 years.

Marine Petroleum Trust's dividend payout ratio of 112.1% 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 6.32%, which is 3 percentage points higher than the oil & gas equipment & service industry average of 3.22%. Archrock's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Archrock's dividend has not shown consistent growth over the last 10 years.

Archrock's dividend payout ratio of 153.9% indicates that its high 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 -0.39% in the last day, and down -0.91% 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. Klx Energy Services Holdings (NASDAQ:KLXE)


Klx Energy Services Holdings (NASDAQ:KLXE) is the most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Klx Energy Services Holdings 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.

Klx Energy Services Holdings's stock has gained 53.59% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 60 percentage points.

2. Gulf Island Fabrication (NASDAQ:GIFI)


Gulf Island Fabrication (NASDAQ:GIFI) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Gulf Island Fabrication 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.

Gulf Island Fabrication's stock has dropped -3.6% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 3 percentage points.

3. Mrc Global (NYSE:MRC)


Mrc Global (NYSE:MRC) is the third most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Mrc 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.

Mrc Global's stock has dropped -18.23% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -12 percentage points.

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

52.63% 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 56.33% 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 -100.72x.
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.