Sectors & Industries EnergyOil & Gas Equipment & Services
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...

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
PUMP	PROPETRO HOLDING CORP	United States	$1.13B	112,772,097	59.73%	40.27%	Net Selling	Net Selling
BKR	BAKER HUGHES CO	United States	$34.89B	1,009,653,944	92.19%	0.62%	Net Selling	Net Selling
DTI	DRILLING TOOLS INTERNATIONAL CORP	United States	$116.40M	29,768,568	2.08%	97.92%	Net Buying	Net Buying
SOI	SOLARIS OILFIELD INFRASTRUCTURE INC	United States	$455.18M	44,149,208	28.77%	71.23%	Net Selling	Net Selling
ACDC	PROFRAC HOLDING CORP	United States	$1.63B	159,388,143	13.80%	85.67%	Net Buying
LBRT	LIBERTY ENERGY INC	United States	$3.04B	170,393,226	63.94%	36.06%	Net Selling	Net Selling
RES	RPC INC	United States	$1.81B	216,408,974	4.96%	95.04%	Net Selling
SDPI	SUPERIOR DRILLING PRODUCTS INC	United States	$24.62M	30,397,924	2.57%	97.43%	Net Buying	Net Selling
PFIE	PROFIRE ENERGY INC	United States	$136.54M	47,574,560	43.35%	51.10%	Net Buying	Net Buying
HAL	HALLIBURTON CO	United States	$35.74B	898,546,281	82.09%	0.74%	Net Buying	Net Selling
CHX	CHAMPIONX CORP	United States	$6.85B	196,581,903	99.13%	0.87%	Net Selling	Net Selling
RNGR	RANGER ENERGY SERVICES INC	United States	$333.49M	24,521,679	28.61%	71.39%	Net Selling	Net Selling
OIS	OIL STATES INTERNATIONAL INC	United States	$519.53M	63,902,866	82.27%	17.73%	Net Selling	Net Buying
NOA	NORTH AMERICAN CONSTRUCTION GROUP LTD	Canada	$575.16M	26,739,328	60.92%	34.64%
WHD	CACTUS INC	United States	$3.92B	79,429,598	47.79%	52.21%	Net Selling	Net Selling
TTI	TETRA TECHNOLOGIES INC	United States	$781.23M	129,556,619	61.26%	9.34%	Net Selling	Net Selling
DNOW	NOW INC	United States	$1.23B	106,719,002	95.37%	2.76%	Net Buying
SND	SMART SAND INC	United States	$90.29M	41,229,271	10.62%	89.38%	Net Selling	Net Buying
SLB	SCHLUMBERGER LIMITED	United States	$82.34B	1,421,186,016	79.50%	2.88%	Net Selling	Net Selling
NINE	NINE ENERGY SERVICE INC	United States	$126.56M	35,350,565	33.09%	66.91%	Net Selling	Net Selling
DRQ	DRIL-QUIP INC	United States	$911.46M	34,175,449	78.05%	21.95%	Net Selling
USAC	USA COMPRESSION PARTNERS LP	United States	$2.30B	98,278,456	16.98%	83.02%	Net Selling
MRC	MRC GLOBAL INC	United States	$830.88M	84,011,852	65.78%	34.22%	Net Selling	Net Selling
NOV	NOV INC	United States	$8.05B	393,776,806	93.19%	1.11%	Net Selling
BOOM	DMC GLOBAL INC	United States	$470.59M	19,764,347	78.85%	13.50%	Net Selling	Net Selling
VAL	VALARIS LTD	Bermuda	$5.40B	73,987,672	87.93%	0.60%	Net Selling	Net Selling
CLB	CORE LABORATORIES INC	Netherlands	$1.09B	46,680,409	81.57%	18.43%	Net Selling	Net Selling
KLXE	KLX ENERGY SERVICES HOLDINGS INC	United States	$174.74M	16,407,421	36.65%	29.79%	Net Selling	Net Selling
GEOS	GEOSPACE TECHNOLOGIES CORP	United States	$173.43M	13,188,489	41.95%	18.92%	Net Buying
WFRD	WEATHERFORD INTERNATIONAL PLC	Ireland	$6.53B	72,074,659	90.65%	1.74%	Net Selling
SLCA	US SILICA HOLDINGS INC	United States	$1.02B	77,116,746	21.50%	78.50%	Net Selling	Net Selling
RCON	RECON TECHNOLOGY LTD	China	$10.31M	33,800,718	14.54%	0.00%
FTK	FLOTEK INDUSTRIES INC	United States	$113.03M	25,400,298	41.54%	58.46%	Net Buying
AROC	ARCHROCK INC	United States	$1.92B	156,499,576	55.74%	44.26%	Net Selling	Net Selling
TDW	TIDEWATER INC	United States	$3.55B	52,666,949	81.11%	18.89%	Net Buying	Net Buying
FET	FORUM ENERGY TECHNOLOGIES INC	United States	$239.48M	10,147,501	2.43%	97.57%	Net Selling	Net Selling
NR	NEWPARK RESOURCES INC	United States	$581.65M	86,812,902	67.04%	11.77%	Net Selling	Net Selling
XPRO	EXPRO GROUP HOLDINGS NV	Netherlands	$2.41B	108,749,146	4.94%	95.06%	Net Selling	Net Selling
DWSN	DAWSON GEOPHYSICAL CO	United States	$59.25M	25,000,564	8.28%	91.72%	Net Buying
OII	OCEANEERING INTERNATIONAL INC	United States	$2.48B	100,779,554	91.93%	3.55%	Net Selling	Net Selling
HLX	HELIX ENERGY SOLUTIONS GROUP INC	United States	$1.62B	150,817,778	91.80%	8.20%	Net Selling	Net Selling
NCSM	NCS MULTISTAGE HOLDINGS INC	United States	$38.54M	2,438,994	1.89%	98.11%	Net Selling
EFXT	ENERFLEX LTD	Canada (Federal Level)	$513.64M	123,768,301	44.10%	0.00%
FTI	TECHNIPFMC PLC	United Kingdom	$8.76B	438,068,560	97.90%	2.10%	Net Selling
NGS	NATURAL GAS SERVICES GROUP INC	United States	$170.14M	12,437,292	61.65%	38.35%	Net Selling	Net Buying
CCLP	CSI COMPRESSCO LP	United States	$196.66M	141,995,028	17.88%	73.46%	Net Buying	Net Buying
VTOL	BRISTOW GROUP INC	United States	$771.46M	28,176,099	62.76%	37.24%	Net Selling	Net Selling
AESI	ATLAS ENERGY SOLUTIONS INC	United States	$2.21B	100,000,000	17.86%	69.00%	Net Buying	Net Buying
ENSV	ENSERVCO CORP	United States	$8.49M	22,940,510	3.37%	96.63%
KGS	KODIAK GAS SERVICES INC	United States	$1.35B	77,400,000	23.57%	76.43%	Net Buying	Net Buying

Oil & Gas Equipment & Service Stocks FAQ

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

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

1. Propetro Holding (NYSE:PUMP)

Propetro Holding (NYSE:PUMP) is the top oil & gas equipment & service stock with a Zen Score of 58, which is 23 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. Propetro Holding has seen its stock return 15.84% over the past year, underperforming other oil & gas equipment & service stocks by -32 percentage points.

Propetro Holding has an average 1 year price target of $12.67, an upside of 26.42% from Propetro Holding's current stock price of $10.02.

Propetro Holding stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Propetro Holding, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Baker Hughes Co (NASDAQ:BKR)

Baker Hughes Co (NASDAQ:BKR) is the second 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 20 out of 38 due diligence checks and has strong fundamentals. Baker Hughes Co has seen its stock return 55.12% over the past year, overperforming other oil & gas equipment & service stocks by 7 percentage points.

Baker Hughes Co has an average 1 year price target of $40.46, an upside of 17.06% from Baker Hughes Co's current stock price of $34.56.

Baker Hughes Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Baker Hughes Co, 72.73% have issued a Strong Buy rating, 9.09% have issued a Buy, 18.18% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Drilling Tools International (NASDAQ:DTI)

Drilling Tools International (NASDAQ:DTI) 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 18 out of 33 due diligence checks and has strong fundamentals. Drilling Tools International has seen its stock lose -61.06% over the past year, underperforming other oil & gas equipment & service stocks by -109 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 8.96%, which is 7 percentage points higher than the oil & gas equipment & service industry average of 2.05%. 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 5,250% indicates that its high dividend yield might not be sustainable for the long-term.

2. Archrock (NYSE:AROC)

Archrock (NYSE:AROC) has an annual dividend yield of 4.9%, which is 3 percentage points higher than the oil & gas equipment & service industry average of 2.05%. 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 137.2% indicates that its 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 4.22%, which is 2 percentage points higher than the oil & gas equipment & service industry average of 2.05%. 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 51.2% 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 -2.8% in the last day, and down -2.67% over the last week. Enerflex was the among the top losers in the oil & gas equipment & services industry, dropping -27.57% yesterday.

Enerflex shares are trading lower after the company announced a CFO transition.

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 71, which is 39 points higher than the oil & gas equipment & service industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Klx Energy Services Holdings's stock has gained 23.26% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -25 percentage points.

2. Profrac Holding (NASDAQ:ACDC)

Profrac Holding (NASDAQ:ACDC) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Profrac Holding has a valuation score of 71, which is 39 points higher than the oil & gas equipment & service industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Profrac Holding's stock has dropped -36.58% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -85 percentage points.

3. Propetro Holding (NYSE:PUMP)

Propetro Holding (NYSE:PUMP) is the third most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Propetro Holding has a valuation score of 71, which is 39 points higher than the oil & gas equipment & service industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Propetro Holding's stock has gained 15.84% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -32 percentage points.

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

65.79% 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 24.49% 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 -1.99x.

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.