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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
PFIE
PROFIRE ENERGY INC
$83.83M$1.78N/AN/AN/AN/A-1.41%N/AN/AN/A
PUMP
PROPETRO HOLDING CORP
$994.39M$9.29$11.0018.41%Strong Buy12.97%60.16%N/AN/A
SDPI
SUPERIOR DRILLING PRODUCTS INC
$37.69M$1.24N/AN/AN/AN/AN/AN/AN/AN/A
RNGR
RANGER ENERGY SERVICES INC
$227.76M$10.05N/AN/AN/AN/A-8.73%N/AN/AN/A
DTI
DRILLING TOOLS INTERNATIONAL CORP
$157.77M$5.30N/AN/AN/AN/A9.39%N/AN/AN/A
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$547.15M$20.47N/AN/AN/AN/A17.63%16.42%N/AN/A
VAL
VALARIS LTD
$4.94B$68.25$99.0045.05%Strong Buy321.12%N/AN/AN/A
RES
RPC INC
$1.45B$6.77$7.003.40%Hold15.28%50.00%N/AN/A
DNOW
DNOW INC
$1.52B$14.34$17.0018.55%Buy23.29%-21.34%N/AN/A
HAL
HALLIBURTON CO
$32.52B$36.73$48.5632.20%Strong Buy96.25%9.86%N/AN/A
BKR
BAKER HUGHES CO
$31.86B$31.92$40.4026.57%Strong Buy55.61%9.95%N/AN/A
WFRD
WEATHERFORD INTERNATIONAL PLC
$8.97B$122.60$151.8823.88%Strong Buy88.76%-69.15%N/AN/A
MRC
MRC GLOBAL INC
$971.33M$11.51$16.0039.01%Strong Buy22.64%15.53%N/AN/A
GEOS
GEOSPACE TECHNOLOGIES CORP
$167.80M$12.60N/AN/AN/AN/AN/AN/AN/AN/A
LBRT
LIBERTY ENERGY INC
$3.61B$21.64$24.5013.22%Buy83.57%4.18%N/AN/A
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$396.64M$9.01$10.0010.99%Strong Buy1-8.29%N/AN/AN/A
WHD
CACTUS INC
$4.03B$50.65$53.756.12%Buy43.11%5.74%N/AN/A
SLB
SCHLUMBERGER LIMITED
$68.12B$47.66$67.5541.72%Strong Buy119.65%9.99%N/AN/A
CHX
CHAMPIONX CORP
$6.38B$33.60$39.0016.07%Buy55.55%N/AN/AN/A
NCSM
NCS MULTISTAGE HOLDINGS INC
$43.59M$17.42N/AN/AN/AN/A6.73%N/AN/AN/A
NGS
NATURAL GAS SERVICES GROUP INC
$278.47M$22.39$26.0016.12%Strong Buy125.77%N/AN/AN/A
NOV
NOV INC
$7.33B$18.54$24.8634.07%Strong Buy75.33%-64.22%N/AN/A
BOOM
DMC GLOBAL INC
$272.56M$13.64$27.0097.95%Strong Buy13.89%N/AN/AN/A
AESI
ATLAS ENERGY SOLUTIONS INC
$2.20B$21.97$25.5016.07%Strong Buy4108.20%N/AN/AN/A
SLCA
US SILICA HOLDINGS INC
$1.21B$15.51$15.50-0.06%Hold10.50%45.35%N/AN/A
CLB
CORE LABORATORIES INC
$746.65M$15.92$17.006.78%Sell26.98%66.67%N/AN/A
FTK
FLOTEK INDUSTRIES INC
$103.23M$3.48$7.00101.15%Strong Buy1N/AN/AN/AN/A
OII
OCEANEERING INTERNATIONAL INC
$2.32B$22.89$26.6716.50%Buy34.04%N/AN/AN/A
KLXE
KLX ENERGY SERVICES HOLDINGS INC
$113.21M$6.77$11.5069.87%Hold1-7.19%N/A646.48%46.47%
AROC
ARCHROCK INC
$3.16B$20.21$22.008.86%Strong Buy25.53%N/AN/AN/A
USAC
USA COMPRESSION PARTNERS LP
$2.51B$24.35$26.508.83%Hold26.59%25.36%N/AN/A
FTI
TECHNIPFMC PLC
$11.19B$25.96$29.4513.44%Strong Buy89.65%38.44%N/AN/A
DWSN
DAWSON GEOPHYSICAL CO
$45.29M$1.47N/AN/AN/AN/AN/AN/AN/AN/A
DRQ
DRIL-QUIP INC
$640.22M$18.60$31.0066.67%Sell210.87%N/AN/AN/A
SND
SMART SAND INC
$94.62M$2.20N/AN/AN/AN/A-4.35%N/AN/AN/A
NR
NEWPARK RESOURCES INC
$604.93M$7.10$10.6750.24%Strong Buy3-0.60%N/AN/AN/A
RCON
RECON TECHNOLOGY LTD
$4.55M$1.72N/AN/AN/AN/AN/AN/AN/AN/A
TTI
TETRA TECHNOLOGIES INC
$518.00M$3.95$7.6794.10%Strong Buy35.01%N/AN/AN/A
KGS
KODIAK GAS SERVICES INC
$2.11B$27.30$28.835.62%Strong Buy634.25%N/AN/AN/A
EFXT
ENERFLEX LTD
$726.39M$5.86N/AN/AN/AN/A-1.84%N/AN/AN/A
TDW
TIDEWATER INC
$5.62B$106.51$95.67-10.18%Strong Buy320.19%N/AN/AN/A
FET
FORUM ENERGY TECHNOLOGIES INC
$227.37M$18.51N/AN/AN/AN/A15.18%N/AN/AN/A
XPRO
EXPRO GROUP HOLDINGS NV
$2.15B$19.44$20.002.88%Buy27.10%N/AN/AN/A
OIS
OIL STATES INTERNATIONAL INC
$277.41M$4.32$7.2567.82%Buy24.78%N/AN/AN/A
VTOL
BRISTOW GROUP INC
$784.38M$27.70$39.0040.79%Strong Buy2N/AN/AN/AN/A
HLX
HELIX ENERGY SOLUTIONS GROUP INC
$1.67B$10.95$11.000.46%Strong Buy1-2.01%N/AN/AN/A
TRSG
TUNGRAY TECHNOLOGIES INC
$109.04M$6.71N/AN/AN/AN/AN/AN/AN/AN/A
ACDC
PROFRAC HOLDING CORP
$1.11B$6.96$11.1760.45%Strong Buy35.24%N/AN/AN/A
ENSV
ENSERVCO CORP
$5.54M$0.21N/AN/AN/AN/AN/AN/AN/AN/A
NINE
NINE ENERGY SERVICE INC
$77.71M$2.20N/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 May 2024?

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

1. Profire Energy (NASDAQ:PFIE)


Profire Energy (NASDAQ:PFIE) is the top 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 18 out of 33 due diligence checks and has strong fundamentals. Profire Energy has seen its stock return 60.36% over the past year, overperforming other oil & gas equipment & service stocks by 28 percentage points.

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 44.93% over the past year, overperforming other oil & gas equipment & service stocks by 13 percentage points.

Propetro Holding has an average 1 year price target of $11.00, an upside of 18.41% from Propetro Holding's current stock price of $9.29.

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 31.91% over the past year.

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 21.77%, which is 18 percentage points higher than the oil & gas equipment & service industry average of 3.36%. 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 8.62%, which is 5 percentage points higher than the oil & gas equipment & service industry average of 3.36%. 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 5.11%, which is 2 percentage points higher than the oil & gas equipment & service industry average of 3.36%. 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 67.6% 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 1.48% in the last day, and down -2.19% over the last week. Tidewater was the among the top gainers in the oil & gas equipment & services industry, gaining 13.44% yesterday.

Tidewater shares are trading higher after the company reported better-than-expected Q1 EPS and sales.

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 100, which is 66 points higher than the oil & gas equipment & service industry average of 34. It passed 7 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 60.36% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 28 percentage points.

2. Drilling Tools International (NASDAQ:DTI)


Drilling Tools International (NASDAQ:DTI) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Drilling Tools International has a valuation score of 71, which is 37 points higher than the oil & gas equipment & service industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Drilling Tools International's stock has dropped -49.6% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -82 percentage points.

3. Dmc Global (NASDAQ:BOOM)


Dmc Global (NASDAQ:BOOM) is the third most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Dmc Global has a valuation score of 71, which is 37 points higher than the oil & gas equipment & service industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Dmc Global's stock has dropped -21.88% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -54 percentage points.

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

62.86% 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 21.84% 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 17.01x.
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.