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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
NCSM
NCS MULTISTAGE HOLDINGS INC
United States
$58.42M2,502,8121.91%98.09%Net SellingNet Selling
DTI
DRILLING TOOLS INTERNATIONAL CORP
United States
$121.47M34,704,6964.56%95.44%
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
Canada
$539.30M26,830,84765.40%34.52%
TDW
TIDEWATER INC
United States
$2.85B52,322,99685.68%14.32%Net SellingNet Buying
WFRD
WEATHERFORD INTERNATIONAL PLC
Ireland
$6.50B72,651,99694.17%1.55%Net SellingNet Selling
SLB
SCHLUMBERGER LIMITED
United States
$62.60B1,412,154,29883.92%2.94%Net SellingNet Selling
WHD
CACTUS INC
United States
$5.33B79,584,08754.73%45.27%Net SellingNet Selling
FTK
FLOTEK INDUSTRIES INC
United States
$221.98M29,795,83412.45%56.24%Net Buying
VAL
VALARIS LTD
Bermuda
$3.58B71,118,39399.09%0.91%Net SellingNet Selling
INVX
INNOVEX INTERNATIONAL INC
United States
$1.09B67,245,00233.30%66.70%Net SellingNet Selling
BKR
BAKER HUGHES CO
United States
$43.21B989,525,80992.65%0.66%Net SellingNet Selling
NOV
NOV INC
United States
$6.44B389,084,16094.14%1.23%Net SellingNet Selling
USAC
USA COMPRESSION PARTNERS LP
United States
$2.69B117,022,83328.37%71.63%Net SellingNet Selling
CHX
CHAMPIONX CORP
United States
$5.99B190,000,00093.77%1.10%Net SellingNet Buying
PFIE
PROFIRE ENERGY INC
United States
$116.42M46,199,72543.01%53.55%Net Buying
FTI
TECHNIPFMC PLC
United Kingdom
$12.40B425,414,99995.58%1.96%Net SellingNet Selling
LBRT
LIBERTY ENERGY INC
United States
$2.94B163,415,68565.92%34.08%Net SellingNet Selling
XPRO
EXPRO GROUP HOLDINGS NV
Netherlands
$1.62B117,495,0905.88%94.12%Net Selling
HAL
HALLIBURTON CO
United States
$26.52B878,501,98588.59%0.82%Net BuyingNet Selling
AROC
ARCHROCK INC
United States
$4.24B175,172,11858.83%41.17%Net SellingNet Buying
DNOW
DNOW INC
United States
$1.58B105,846,15596.94%3.06%Net Buying
GEOS
GEOSPACE TECHNOLOGIES CORP
United States
$168.59M12,908,56765.70%20.08%Net Selling
TTI
TETRA TECHNOLOGIES INC
United States
$502.20M131,810,19768.44%10.12%Net SellingNet Selling
RNGR
RANGER ENERGY SERVICES INC
United States
$340.35M22,245,21230.56%69.44%Net SellingNet Selling
RES
RPC INC
United States
$1.29B214,972,3515.65%94.35%Net Selling
NGS
NATURAL GAS SERVICES GROUP INC
United States
$302.82M12,466,87563.87%36.13%Net SellingNet Selling
MRC
MRC GLOBAL INC
United States
$1.16B85,243,00266.06%33.94%Net SellingNet Selling
VTOL
BRISTOW GROUP INC
United States
$1.08B28,628,00063.77%36.23%Net SellingNet Selling
HLX
HELIX ENERGY SOLUTIONS GROUP INC
United States
$1.62B152,103,50290.45%8.31%Net SellingNet Selling
OII
OCEANEERING INTERNATIONAL INC
United States
$2.86B101,059,99596.41%3.59%Net SellingNet Selling
SEI
SOLARIS OILFIELD INFRASTRUCTURE INC
United States
$1.11B60,592,34925.06%74.94%Net SellingNet Selling
RCON
RECON TECHNOLOGY LTD
China
$21.02M7,987,9590.20%0.00%
CLB
CORE LABORATORIES INC
Netherlands
$983.61M46,950,12582.40%17.60%Net SellingNet Selling
FET
FORUM ENERGY TECHNOLOGIES INC
United States
$190.27M12,283,6702.89%97.11%Net SellingNet Buying
KGS
KODIAK GAS SERVICES INC
United States
$3.17B87,569,67925.58%58.81%Net SellingNet Selling
AESI
ATLAS ENERGY SOLUTIONS INC
United States
$2.37B110,216,83652.74%35.27%Net SellingNet Buying
EFXT
ENERFLEX LTD
Canada (Federal Level)
$927.64M124,015,51657.64%0.00%
NR
NEWPARK RESOURCES INC
United States
$642.67M86,497,29883.12%12.85%Net SellingNet Selling
SND
SMART SAND INC
United States
$112.90M42,926,54414.45%85.55%Net SellingNet Selling
OIS
OIL STATES INTERNATIONAL INC
United States
$340.80M63,111,02979.97%20.03%Net SellingNet Buying
PUMP
PROPETRO HOLDING CORP
United States
$826.53M102,929,74653.25%46.75%Net SellingNet Selling
DWSN
DAWSON GEOPHYSICAL CO
United States
$54.70M30,906,7776.13%93.87%
BOOM
DMC GLOBAL INC
United States
$174.43M20,026,49177.02%15.25%Net Selling
ACDC
PROFRAC HOLDING CORP
United States
$1.16B160,146,60210.10%83.62%Net BuyingNet Buying
KLXE
KLX ENERGY SERVICES HOLDINGS INC
United States
$100.99M16,860,33637.84%34.11%Net SellingNet Selling
NINE
NINE ENERGY SERVICE INC
United States
$49.99M42,363,80531.07%68.93%Net BuyingNet Selling

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 30 points higher than the oil & gas equipment & service industry average of 35. It passed 20 out of 33 due diligence checks and has strong fundamentals. Ncs Multistage Holdings has seen its stock return 85.83% over the past year, overperforming other oil & gas equipment & service stocks by 80 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 24 points higher than the oil & gas equipment & service industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Drilling Tools International has seen its stock lose -4.63% over the past year, underperforming other oil & gas equipment & service stocks by -11 percentage points.

Drilling Tools International has an average 1 year price target of $7.50, an upside of 114.29% from Drilling Tools International's current stock price of $3.50.

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 22 points higher than the oil & gas equipment & service industry average of 35. It passed 21 out of 38 due diligence checks and has strong fundamentals. North American Construction Group has seen its stock return 3.24% 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 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 9.14%, which is 7 percentage points higher than the oil & gas equipment & service industry average of 1.94%. 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 3.8%, which is 2 percentage points higher than the oil & gas equipment & service industry average of 1.94%.

Smart Sand's dividend payout ratio of 0% indicates that its dividend yield might not be sustainable for the long-term.

3. Archrock (NYSE:AROC)


Archrock (NYSE:AROC) has an annual dividend yield of 2.77%, which is 1 percentage points higher than the oil & gas equipment & service industry average of 1.94%. 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 -0.77% in the last day, and up 7.72% 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. 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 85.83% in the past year. It has overperformed other stocks in the oil & gas equipment & service industry by 80 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 3.24% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -3 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 -4.63% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -11 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 24.83% 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 20.3x.
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