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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
PUMP
PROPETRO HOLDING CORP
United States
$1.13B112,772,09759.73%40.27%Net SellingNet Selling
BKR
BAKER HUGHES CO
United States
$34.89B1,009,653,94492.19%0.62%Net SellingNet Selling
DTI
DRILLING TOOLS INTERNATIONAL CORP
United States
$116.40M29,768,5682.08%97.92%Net BuyingNet Buying
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
United States
$455.18M44,149,20828.77%71.23%Net SellingNet Selling
ACDC
PROFRAC HOLDING CORP
United States
$1.63B159,388,14313.80%85.67%Net Buying
LBRT
LIBERTY ENERGY INC
United States
$3.04B170,393,22663.94%36.06%Net SellingNet Selling
RES
RPC INC
United States
$1.81B216,408,9744.96%95.04%Net Selling
SDPI
SUPERIOR DRILLING PRODUCTS INC
United States
$24.62M30,397,9242.57%97.43%Net BuyingNet Selling
PFIE
PROFIRE ENERGY INC
United States
$136.54M47,574,56043.35%51.10%Net BuyingNet Buying
HAL
HALLIBURTON CO
United States
$35.74B898,546,28182.09%0.74%Net BuyingNet Selling
CHX
CHAMPIONX CORP
United States
$6.85B196,581,90399.13%0.87%Net SellingNet Selling
RNGR
RANGER ENERGY SERVICES INC
United States
$333.49M24,521,67928.61%71.39%Net SellingNet Selling
OIS
OIL STATES INTERNATIONAL INC
United States
$519.53M63,902,86682.27%17.73%Net SellingNet Buying
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
Canada
$575.16M26,739,32860.92%34.64%
WHD
CACTUS INC
United States
$3.92B79,429,59847.79%52.21%Net SellingNet Selling
TTI
TETRA TECHNOLOGIES INC
United States
$781.23M129,556,61961.26%9.34%Net SellingNet Selling
DNOW
NOW INC
United States
$1.23B106,719,00295.37%2.76%Net Buying
SND
SMART SAND INC
United States
$90.29M41,229,27110.62%89.38%Net SellingNet Buying
SLB
SCHLUMBERGER LIMITED
United States
$82.34B1,421,186,01679.50%2.88%Net SellingNet Selling
NINE
NINE ENERGY SERVICE INC
United States
$126.56M35,350,56533.09%66.91%Net SellingNet Selling
DRQ
DRIL-QUIP INC
United States
$911.46M34,175,44978.05%21.95%Net Selling
USAC
USA COMPRESSION PARTNERS LP
United States
$2.30B98,278,45616.98%83.02%Net Selling
MRC
MRC GLOBAL INC
United States
$830.88M84,011,85265.78%34.22%Net SellingNet Selling
NOV
NOV INC
United States
$8.05B393,776,80693.19%1.11%Net Selling
BOOM
DMC GLOBAL INC
United States
$470.59M19,764,34778.85%13.50%Net SellingNet Selling
VAL
VALARIS LTD
Bermuda
$5.40B73,987,67287.93%0.60%Net SellingNet Selling
CLB
CORE LABORATORIES INC
Netherlands
$1.09B46,680,40981.57%18.43%Net SellingNet Selling
KLXE
KLX ENERGY SERVICES HOLDINGS INC
United States
$174.74M16,407,42136.65%29.79%Net SellingNet Selling
GEOS
GEOSPACE TECHNOLOGIES CORP
United States
$173.43M13,188,48941.95%18.92%Net Buying
WFRD
WEATHERFORD INTERNATIONAL PLC
Ireland
$6.53B72,074,65990.65%1.74%Net Selling
SLCA
US SILICA HOLDINGS INC
United States
$1.02B77,116,74621.50%78.50%Net SellingNet Selling
RCON
RECON TECHNOLOGY LTD
China
$10.31M33,800,71814.54%0.00%
FTK
FLOTEK INDUSTRIES INC
United States
$113.03M25,400,29841.54%58.46%Net Buying
AROC
ARCHROCK INC
United States
$1.92B156,499,57655.74%44.26%Net SellingNet Selling
TDW
TIDEWATER INC
United States
$3.55B52,666,94981.11%18.89%Net BuyingNet Buying
FET
FORUM ENERGY TECHNOLOGIES INC
United States
$239.48M10,147,5012.43%97.57%Net SellingNet Selling
NR
NEWPARK RESOURCES INC
United States
$581.65M86,812,90267.04%11.77%Net SellingNet Selling
XPRO
EXPRO GROUP HOLDINGS NV
Netherlands
$2.41B108,749,1464.94%95.06%Net SellingNet Selling
DWSN
DAWSON GEOPHYSICAL CO
United States
$59.25M25,000,5648.28%91.72%Net Buying
OII
OCEANEERING INTERNATIONAL INC
United States
$2.48B100,779,55491.93%3.55%Net SellingNet Selling
HLX
HELIX ENERGY SOLUTIONS GROUP INC
United States
$1.62B150,817,77891.80%8.20%Net SellingNet Selling
NCSM
NCS MULTISTAGE HOLDINGS INC
United States
$38.54M2,438,9941.89%98.11%Net Selling
EFXT
ENERFLEX LTD
Canada (Federal Level)
$513.64M123,768,30144.10%0.00%
FTI
TECHNIPFMC PLC
United Kingdom
$8.76B438,068,56097.90%2.10%Net Selling
NGS
NATURAL GAS SERVICES GROUP INC
United States
$170.14M12,437,29261.65%38.35%Net SellingNet Buying
CCLP
CSI COMPRESSCO LP
United States
$196.66M141,995,02817.88%73.46%Net BuyingNet Buying
VTOL
BRISTOW GROUP INC
United States
$771.46M28,176,09962.76%37.24%Net SellingNet Selling
AESI
ATLAS ENERGY SOLUTIONS INC
United States
$2.21B100,000,00017.86%69.00%Net BuyingNet Buying
ENSV
ENSERVCO CORP
United States
$8.49M22,940,5103.37%96.63%
KGS
KODIAK GAS SERVICES INC
United States
$1.35B77,400,00023.57%76.43%Net BuyingNet 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.
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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.