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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)
PUMP
PROPETRO HOLDING CORP
United States
$1.03B107,039,14952.76%47.24%Net SellingNet Selling
PFIE
PROFIRE ENERGY INC
United States
$71.59M47,101,23243.54%52.12%Net BuyingNet Buying
RES
RPC INC
United States
$1.45B214,347,0625.66%94.34%Net Selling
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
Canada
$531.65M26,729,34266.19%33.81%
BKR
BAKER HUGHES CO
United States
$32.31B997,997,63489.57%0.68%Net SellingNet Selling
SDPI
SUPERIOR DRILLING PRODUCTS INC
United States
$40.72M30,391,2442.73%97.27%Net SellingNet Selling
DNOW
DNOW INC
United States
$1.51B106,802,54996.81%3.19%Net BuyingNet Buying
WFRD
WEATHERFORD INTERNATIONAL PLC
Ireland
$8.42B73,154,14093.81%1.55%Net SellingNet Selling
HAL
HALLIBURTON CO
United States
$31.97B885,301,25285.21%0.82%Net BuyingNet Selling
VAL
VALARIS LTD
Bermuda
$5.29B72,410,81888.19%0.67%Net Selling
MRC
MRC GLOBAL INC
United States
$1.12B85,076,14465.51%34.49%Net SellingNet Selling
GEOS
GEOSPACE TECHNOLOGIES CORP
United States
$135.76M13,362,09061.07%19.36%Net Selling
LBRT
LIBERTY ENERGY INC
United States
$3.93B166,651,69365.83%34.17%Net SellingNet Selling
CHX
CHAMPIONX CORP
United States
$6.20B190,000,00098.94%1.06%Net SellingNet Selling
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
United States
$392.68M44,022,50531.37%68.63%Net SellingNet Selling
WHD
CACTUS INC
United States
$4.04B79,554,82749.86%50.14%Net SellingNet Selling
SLB
SCHLUMBERGER LIMITED
United States
$66.09B1,429,337,72480.11%2.92%Net SellingNet Selling
NCSM
NCS MULTISTAGE HOLDINGS INC
United States
$45.00M2,502,5641.90%98.10%Net Selling
NOV
NOV INC
United States
$7.21B395,535,93192.12%1.25%Net Selling
RNGR
RANGER ENERGY SERVICES INC
United States
$237.53M22,883,29631.12%68.88%Net SellingNet Selling
SLCA
US SILICA HOLDINGS INC
United States
$1.21B78,133,20223.27%76.73%Net SellingNet Selling
CLB
CORE LABORATORIES INC
Netherlands
$840.45M46,899,86381.40%18.60%Net SellingNet Selling
BOOM
DMC GLOBAL INC
United States
$263.36M19,982,07475.99%14.25%Net SellingNet Selling
OII
OCEANEERING INTERNATIONAL INC
United States
$2.36B101,389,22993.85%3.73%Net SellingNet Selling
KGS
KODIAK GAS SERVICES INC
United States
$2.25B84,294,14123.25%70.60%Net BuyingNet Buying
AROC
ARCHROCK INC
United States
$3.09B156,286,45758.49%41.51%Net SellingNet Selling
AESI
ATLAS ENERGY SOLUTIONS INC
United States
$2.62B109,850,49646.73%34.03%Net SellingNet Selling
NGS
NATURAL GAS SERVICES GROUP INC
United States
$271.50M12,437,07462.79%37.21%Net SellingNet Selling
FTI
TECHNIPFMC PLC
United Kingdom
$11.14B430,973,99594.57%1.93%Net SellingNet Selling
SND
SMART SAND INC
United States
$92.81M42,574,94813.42%86.58%Net SellingNet Selling
DRQ
DRIL-QUIP INC
United States
$624.04M34,420,41977.77%22.23%Net SellingNet Selling
DTI
DRILLING TOOLS INTERNATIONAL CORP
United States
$180.10M29,768,5683.08%96.92%Net Buying
RCON
RECON TECHNOLOGY LTD
China
$14.86M9,406,29535.59%0.00%
TTI
TETRA TECHNOLOGIES INC
United States
$481.28M131,138,79568.89%9.86%Net SellingNet Selling
USAC
USA COMPRESSION PARTNERS LP
United States
$2.79B116,993,86520.52%79.48%Net SellingNet Selling
FTK
FLOTEK INDUSTRIES INC
United States
$106.76M29,656,82120.96%61.54%Net BuyingNet Selling
NR
NEWPARK RESOURCES INC
United States
$656.90M85,201,65279.77%12.56%Net Selling
TDW
TIDEWATER INC
United States
$5.42B52,762,22384.77%15.23%Net SellingNet Selling
VTOL
BRISTOW GROUP INC
United States
$1.03B28,393,00063.07%36.93%Net SellingNet Buying
EFXT
ENERFLEX LTD
Canada (Federal Level)
$632.18M123,956,86548.32%0.00%
ACDC
PROFRAC HOLDING CORP
United States
$1.47B159,936,04912.83%81.30%Net BuyingNet Buying
FET
FORUM ENERGY TECHNOLOGIES INC
United States
$225.28M12,283,6702.90%97.10%Net SellingNet Selling
XPRO
EXPRO GROUP HOLDINGS NV
Netherlands
$2.40B110,537,4365.63%94.37%Net SellingNet Selling
HLX
HELIX ENERGY SOLUTIONS GROUP INC
United States
$1.71B152,453,00088.13%8.48%Net SellingNet Selling
OIS
OIL STATES INTERNATIONAL INC
United States
$292.82M64,215,20481.05%18.95%Net SellingNet Buying
DWSN
DAWSON GEOPHYSICAL CO
United States
$61.62M30,812,3296.50%93.50%Net Buying
KLXE
KLX ENERGY SERVICES HOLDINGS INC
United States
$84.50M16,867,24344.50%34.14%Net SellingNet Selling
NINE
NINE ENERGY SERVICE INC
United States
$58.64M35,324,86132.27%67.73%Net SellingNet Selling
ENSV
ENSERVCO CORP
United States
$7.99M27,636,5002.18%97.82%

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. Propetro Holding (NYSE:PUMP)


Propetro Holding (NYSE:PUMP) is the top oil & gas equipment & service stock with a Zen Score of 58, which is 24 points higher than the oil & gas equipment & service industry average of 34. It passed 18 out of 33 due diligence checks and has strong fundamentals. Propetro Holding has seen its stock return 26.21% over the past year.

Propetro Holding has an average 1 year price target of $12.00, an upside of 24.61% from Propetro Holding's current stock price of $9.63.

Propetro Holding stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts 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.

2. Profire Energy (NASDAQ:PFIE)


Profire Energy (NASDAQ:PFIE) is the second best oil & gas equipment & service stock with a Zen Score of 53, which is 19 points higher than the oil & gas equipment & service industry average of 34. It passed 16 out of 33 due diligence checks and has strong fundamentals. Profire Energy has seen its stock return 10.95% over the past year, underperforming other oil & gas equipment & service stocks by -15 percentage points.

3. Rpc (NYSE:RES)


Rpc (NYSE:RES) is the third best oil & gas equipment & service stock with a Zen Score of 52, which is 18 points higher than the oil & gas equipment & service industry average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Rpc has seen its stock lose -9.36% over the past year, underperforming other oil & gas equipment & service stocks by -35 percentage points.

Rpc has an average 1 year price target of $7.00, an upside of 3.24% from Rpc's current stock price of $6.78.

Rpc stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Rpc, 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.

What are the oil & gas equipment & service stocks with highest dividends?

Out of 15 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 8.8%, which is 7 percentage points higher than the oil & gas equipment & service industry average of 2.07%. 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 500% indicates that its high dividend yield might not be sustainable for the long-term.

2. Solaris Oilfield Infrastructure (NYSE:SOI)


Solaris Oilfield Infrastructure (NYSE:SOI) has an annual dividend yield of 5.16%, which is 3 percentage points higher than the oil & gas equipment & service industry average of 2.07%. 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.

3. Archrock (NYSE:AROC)


Archrock (NYSE:AROC) has an annual dividend yield of 3.23%, which is 1 percentage points higher than the oil & gas equipment & service industry average of 2.07%. 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 75.3% indicates that its dividend yield is sustainable for the long-term.

Why are oil & gas equipment & service stocks up?

Oil & gas equipment & service stocks were up 0.32% in the last day, and down -3.24% over the last week.

We couldn't find a catalyst for why oil & gas equipment & service stocks are up.

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 86, which is 54 points higher than the oil & gas equipment & service industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 10.95% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -15 percentage points.

2. Us Silica Holdings (NYSE:SLCA)


Us Silica Holdings (NYSE:SLCA) is the second most undervalued oil & gas equipment & service stock based on WallStreetZen's Valuation Score. Us Silica 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.

Us Silica Holdings's stock has gained 21.65% in the past year. It has underperformed other stocks in the oil & gas equipment & service industry by -4 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 26.21% in the past year. It has performed in line with other stocks in the oil & gas equipment & service industry.

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

61.11% 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 22.47% 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 19.83x.
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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.