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Best Energy Stocks to Buy Now (2023)
Top energy stocks in 2023 ranked by overall Zen Score. See the best energy stocks to buy now, according to analyst forecasts for the energy sector.

Sector: Energy
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
MGY
MAGNOLIA OIL & GAS CORP
NYSE
Oil & Gas E&P
$4.71B$22.47-1.66%$958.39M6.46x0.46
FRO
FRONTLINE PLC
NYSE
Oil & Gas Midstream
$3.86B$17.352.54%N/A4.60x1.05
SM
SM ENERGY CO
NYSE
Oil & Gas E&P
$4.50B$37.95-3.41%$2.06B4.26x0.82
VTNR
VERTEX ENERGY INC
NASDAQ
Oil & Gas Refining & Marketing
$466.45M$5.00-0.99%$148.37M7.94x2.57
TRMD
TORM PLC
NASDAQ
Oil & Gas Midstream
$2.25B$26.632.66%$975.26M2.78x0.83
BSM
BLACK STONE MINERALS LP
NYSE
Oil & Gas E&P
$3.89B$17.310.82%$618.04M6.66x0.04
VLO
VALERO ENERGY CORP
NYSE
Oil & Gas Refining & Marketing
$50.49B$142.970.22%$17.41B4.93x1.26
PXD
PIONEER NATURAL RESOURCES CO
NYSE
Oil & Gas E&P
$53.34B$228.77-2.21%$10.11B9.36x0.61
MUR
MURPHY OIL CORP
NYSE
Oil & Gas E&P
$6.92B$44.33-2.01%$2.29B6.77x0.93
TNK
TEEKAY TANKERS LTD
NYSE
Oil & Gas Midstream
$1.32B$39.000.18%$680.55M2.48x0.32
GPRK
GEOPARK LTD
NYSE
Oil & Gas E&P
$582.30M$10.11-0.49%$492.49M3.19x5.40
PUMP
PROPETRO HOLDING CORP
NYSE
Oil & Gas Equipment & Services
$1.16B$10.32-0.29%$291.95M12.59x0.42
SD
SANDRIDGE ENERGY INC
NYSE
Oil & Gas E&P
$570.01M$15.42-0.52%$147.45M2.85x0.24
SBOW
SILVERBOW RESOURCES INC
NYSE
Oil & Gas E&P
$778.05M$34.40-2.71%$720.14M1.61x1.02
CVE
CENOVUS ENERGY INC
NYSE
Oil & Gas Integrated
$38.21B$20.15-2.14%$7.88B13.10x0.97
DTI
DRILLING TOOLS INTERNATIONAL CORP
NASDAQ
Oil & Gas Equipment & Services
$117.59M$3.95-1.99%$64.17M4.49x0.72
BKR
BAKER HUGHES CO
NASDAQ
Oil & Gas Equipment & Services
$36.15B$35.80-1.05%$3.15B31.13x1.38
EQNR
EQUINOR ASA
NYSE
Oil & Gas Integrated
$102.71B$32.90-0.15%$86.38B3.63x1.93
CHRD
CHORD ENERGY CORP
NASDAQ
Oil & Gas E&P
$6.45B$155.26-0.41%$2.47B3.94x0.36
PARR
PAR PACIFIC HOLDINGS INC
NYSE
Oil & Gas Refining & Marketing
$2.05B$33.54-0.71%$790.06M3.23x2.93
EQT
EQT CORP
NYSE
Oil & Gas E&P
$14.47B$40.00-2.42%$6.41B4.14x0.77
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
NYSE
Oil & Gas Equipment & Services
$458.27M$10.38-0.10%$72.22M12.36x0.87
OKE
ONEOK INC
NYSE
Oil & Gas Midstream
$30.00B$67.01-1.14%$4.51B12.34x2.33
NFG
NATIONAL FUEL GAS CO
NYSE
Oil & Gas Integrated
$4.89B$53.28-0.71%$1.21B8.71x1.76
VET
VERMILION ENERGY INC
NYSE
Oil & Gas E&P
$2.35B$14.29-2.59%$1.97B2.62x0.88
FANG
DIAMONDBACK ENERGY INC
NASDAQ
Oil & Gas E&P
$27.34B$152.89-1.61%$6.10B7.93x0.73
ESTE
EARTHSTONE ENERGY INC
NYSE
Oil & Gas E&P
$2.69B$19.11-0.93%$1.11B4.40x0.93
PAA
PLAINS ALL AMERICAN PIPELINE LP
NASDAQ
Oil & Gas Midstream
$10.90B$15.611.10%$2.98B9.64x1.28
PBF
PBF ENERGY INC
NYSE
Oil & Gas Refining & Marketing
$6.54B$52.90-0.28%$4.73B2.14x1.30
INSW
INTERNATIONAL SEAWAYS INC
NYSE
Oil & Gas Midstream
$2.05B$41.95-0.33%$844.07M3.14x0.64
SUN
SUNOCO LP
NYSE
Oil & Gas Refining & Marketing
$4.80B$47.820.86%$793.00M14.06x5.79
BRY
BERRY CORP (BRY)
NASDAQ
Oil & Gas E&P
$610.59M$8.07-0.74%$441.04M2.20x1.00
EPSN
EPSILON ENERGY LTD
NASDAQ
Oil & Gas E&P
$115.92M$5.231.36%$37.19M5.23x0.18
AR
ANTERO RESOURCES CORP
NYSE
Oil & Gas E&P
$7.50B$24.96-3.70%$2.52B5.36x0.98
CRK
COMSTOCK RESOURCES INC
NYSE
Oil & Gas E&P
$2.97B$10.65-3.97%$1.87B2.69x1.54
CTRA
COTERRA ENERGY INC
NYSE
Oil & Gas E&P
$20.33B$26.92-2.25%$5.63B6.76x0.57
TTE
TOTALENERGIES SE
NYSE
Oil & Gas Integrated
$165.76B$66.350.03%$53.20B8.57x1.45
CQP
CHENIERE ENERGY PARTNERS LP
NYSEMKT
Oil & Gas Midstream
$27.70B$57.223.70%$6.08B7.65x-19.70
LBRT
LIBERTY ENERGY INC
NYSE
Oil & Gas Equipment & Services
$3.06B$17.97-0.61%$1.11B5.24x0.75
PBR
PETROBRAS - PETROLEO BRASILEIRO
NYSE
Oil & Gas Integrated
$99.98B$15.330.33%$70.11B2.73x1.69
ACDC
PROFRAC HOLDING CORP
NASDAQ
Oil & Gas Equipment & Services
$1.74B$10.92-2.20%$615.48M4.81x1.66
RES
RPC INC
NYSE
Oil & Gas Equipment & Services
$1.88B$8.70-1.47%$479.41M6.44x0.24
MXC
MEXCO ENERGY CORP
NYSEMKT
Oil & Gas E&P
$27.95M$13.14-1.87%$6.03M7.38x0.06
E
ENI SPA
NYSE
Oil & Gas Integrated
$57.66B$32.29-0.55%$32.72B3.75x1.77
DINO
HF SINCLAIR CORP
NYSE
Oil & Gas Refining & Marketing
$10.77B$58.52-0.95%$4.04B4.96x0.79
PNRG
PRIMEENERGY RESOURCES CORP
NASDAQ
Oil & Gas E&P
$213.26M$116.20-1.95%$73.91M5.85x0.66
SDPI
SUPERIOR DRILLING PRODUCTS INC
NYSEMKT
Oil & Gas Equipment & Services
$24.01M$0.792.60%$5.32M8.78x1.05
APA
APA CORP
NASDAQ
Oil & Gas E&P
$12.68B$41.28-2.11%$4.78B8.58x16.29
LPG
DORIAN LPG LTD
NYSE
Oil & Gas Midstream
$1.12B$27.610.73%$318.09M5.54x0.92
MARPS
MARINE PETROLEUM TRUST
NASDAQ
Oil & Gas Midstream
$10.54M$5.270.38%N/A6.84x0.00
WKC
WORLD KINECT CORP
NYSE
Oil & Gas Refining & Marketing
$1.36B$22.51-0.09%$398.10M11.97x2.55
MPC
MARATHON PETROLEUM CORP
NYSE
Oil & Gas Refining & Marketing
$61.04B$152.670.34%$20.51B5.51x2.10
CIVI
CIVITAS RESOURCES INC
NYSE
Oil & Gas E&P
$7.48B$79.78-2.13%$2.26B6.49x1.02
WES
WESTERN MIDSTREAM PARTNERS LP
NYSE
Oil & Gas Midstream
$10.33B$26.860.98%$1.99B10.02x2.84
PR
PERMIAN RESOURCES CORP
NYSE
Oil & Gas E&P
$7.46B$13.18-1.86%$1.45B7.99x0.91
EURN
EURONAV NV
NYSE
Oil & Gas Midstream
$3.34B$16.572.28%N/A5.67x0.91
EPM
EVOLUTION PETROLEUM CORP
NYSEMKT
Oil & Gas E&P
$231.65M$6.972.50%$60.02M6.64x0.39
SWN
SOUTHWESTERN ENERGY CO
NYSE
Oil & Gas E&P
$6.73B$6.11-2.71%$7.09B1.22x1.00
EOG
EOG RESOURCES INC
NYSE
Oil & Gas E&P
$73.07B$125.50-2.71%$14.71B8.39x0.58
MPLX
MPLX LP
NYSE
Oil & Gas Midstream
$35.12B$35.080.37%$6.22B8.86x1.89
CPE
CALLON PETROLEUM CO
NYSE
Oil & Gas E&P
$2.58B$37.86-0.37%$1.37B2.50x0.85
REPX
RILEY EXPLORATION PERMIAN INC
NYSEMKT
Oil & Gas E&P
$603.10M$29.89-2.83%$251.57M3.87x1.41
VIST
VISTA ENERGY SAB DE CV
NYSE
Oil & Gas E&P
$2.55B$27.00-0.44%$785.24M7.24x1.31
HPK
HIGHPEAK ENERGY INC
NASDAQ
Oil & Gas E&P
$2.09B$16.29-3.27%$735.95M7.65x1.22
OVV
OVINTIV INC
NYSE
Oil & Gas E&P
$12.62B$46.08-2.21%$5.09B3.44x1.10
TPL
TEXAS PACIFIC LAND CORP
NYSE
Oil & Gas E&P
$14.35B$1,869.231.83%$543.99M34.55x0.13
PTEN
PATTERSON UTI ENERGY INC
NASDAQ
Oil & Gas Drilling
$3.12B$14.98-1.12%$928.33M9.19x0.81
VVV
VALVOLINE INC
NYSE
Oil & Gas Refining & Marketing
$4.52B$32.630.12%$1.65B3.67x9.46
STNG
SCORPIO TANKERS INC
NYSE
Oil & Gas Midstream
$2.78B$51.07-1.58%$1.24B3.30x0.78
CHK
CHESAPEAKE ENERGY CORP
NASDAQ
Oil & Gas E&P
$11.09B$83.81-1.02%$7.27B1.73x0.39
RRC
RANGE RESOURCES CORP
NYSE
Oil & Gas E&P
$7.34B$30.40-3.18%$2.57B4.39x1.00
HAL
HALLIBURTON CO
NYSE
Oil & Gas Equipment & Services
$37.10B$41.29-0.34%$4.43B15.12x1.77
CHX
CHAMPIONX CORP
NASDAQ
Oil & Gas Equipment & Services
$7.17B$36.49-1.38%$615.96M28.96x0.94
EPD
ENTERPRISE PRODUCTS PARTNERS LP
NYSE
Oil & Gas Midstream
$59.09B$27.210.82%$8.73B11.02x1.47
REI
RING ENERGY INC
NYSEMKT
Oil & Gas E&P
$365.32M$1.87-3.11%$268.32M1.95x0.74
MMP
MAGELLAN MIDSTREAM PARTNERS LP
NYSE
Oil & Gas Midstream
$13.96B$69.060.13%$1.55B13.73x3.45
TRGP
TARGA RESOURCES CORP
NYSE
Oil & Gas Midstream
$19.11B$85.430.33%$3.45B22.90x5.58
IMPP
IMPERIAL PETROLEUM INC/MARSHALL ISLANDS
NASDAQ
Oil & Gas Midstream
$24.72M$1.470.68%$100.83M0.28x0.04
DHT
DHT HOLDINGS INC
NYSE
Oil & Gas Midstream
$1.58B$9.712.21%$303.40M9.81x0.41
GLP
GLOBAL PARTNERS LP
NYSE
Oil & Gas Midstream
$1.11B$32.790.43%$442.31M5.12x2.79
PSX
PHILLIPS 66
NYSE
Oil & Gas Refining & Marketing
$53.47B$120.07-0.12%$16.88B5.19x1.47
DMLP
DORCHESTER MINERALS LP
NASDAQ
Oil & Gas E&P
$1.11B$28.750.07%$129.83M10.27x0.05
CNQ
CANADIAN NATURAL RESOURCES LTD
NYSE
Oil & Gas E&P
$68.63B$62.83-1.66%$12.96B12.02x0.95
VNOM
VIPER ENERGY PARTNERS LP
NASDAQ
Oil & Gas Midstream
$4.58B$28.351.69%$310.66M12.60x1.02
OIS
OIL STATES INTERNATIONAL INC
NYSE
Oil & Gas Equipment & Services
$532.31M$8.330.00%$83.24M69.42x0.50
IMO
IMPERIAL OIL LTD
NYSEMKT
Oil & Gas Integrated
$33.95B$58.11-0.67%$7.08B8.14x0.77
BP
BP PLC
NYSE
Oil & Gas Integrated
$112.09B$38.62-0.52%$51.63B6.40x2.71
RNGR
RANGER ENERGY SERVICES INC
NYSE
Oil & Gas Equipment & Services
$311.67M$12.71-1.40%$86.20M9.28x0.33
GLNG
GOLAR LNG LTD
NASDAQ
Oil & Gas Midstream
$2.49B$23.23-0.56%$867.07M3.18x-0.55
PAGP
PLAINS GP HOLDINGS LP
NASDAQ
Oil & Gas Midstream
$3.20B$16.320.68%$1.93B13.83x8.48
TALO
TALOS ENERGY INC
NYSE
Oil & Gas E&P
$2.00B$16.14-1.16%$1.06B4.01x1.33
PFIE
PROFIRE ENERGY INC
NASDAQ
Oil & Gas Equipment & Services
$146.77M$3.095.29%$12.58M17.14x0.16
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
NYSE
Oil & Gas Equipment & Services
$626.24M$23.420.64%$191.38M10.35x1.89
DVN
DEVON ENERGY CORP
NYSE
Oil & Gas E&P
$30.64B$47.88-2.27%$8.86B6.51x1.11
XOM
EXXON MOBIL CORP
NYSE
Oil & Gas Integrated
$465.97B$116.40-0.79%$91.21B9.31x0.79
WHD
CACTUS INC
NYSE
Oil & Gas Equipment & Services
$3.85B$48.47-2.63%$215.08M23.30x0.69
SU
SUNCOR ENERGY INC
NYSE
Oil & Gas Integrated
$44.90B$34.48-0.95%$15.13B10.00x1.08
EGY
VAALCO ENERGY INC
NYSE
Oil & Gas E&P
$458.91M$4.31-0.92%$194.56M11.34x0.83
OBE
OBSIDIAN ENERGY LTD
NYSEMKT
Oil & Gas E&P
$604.89M$7.45-2.23%$331.82M1.12x0.38
HEP
HOLLY ENERGY PARTNERS LP
NYSE
Oil & Gas Midstream
$2.83B$22.41-1.15%$424.02M12.95x2.01

Energy Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
10-1.81%-2.50%+6.02%+20.68%4.23x1.20x+8.07%+5.39%+8.06%+22.36%Strong Buy
82-0.33%+0.25%-0.76%+3.71%10.37x2.10x+35.67%+15.46%+23.59%+0.25%Strong Buy
50-0.15%-0.84%+4.48%+48.60%-4.16x3.18x+14.15%+6.98%+13.50%+21.43%Buy
17-0.53%+0.49%+4.42%+7.59%7.83x1.67x+27.20%+11.94%+24.88%+13.67%Buy
53+0.29%+1.47%+0.55%+5.55%16.43x2.23x-1.04%+9.55%+12.93%+17.72%Buy
21+0.07%-1.39%+5.25%+20.96%4.91x1.98x+41.97%+14.01%+25.18%+10.93%Buy

Energy Stocks FAQ

What are the best energy stocks to buy right now in Sep 2023?

According to Zen Score, the 3 best energy stocks to buy right now are:

1. Magnolia Oil & Gas (NYSE:MGY)


Magnolia Oil & Gas (NYSE:MGY) is the top energy stock with a Zen Score of 66, which is 29 points higher than the energy sector average of 37. It passed 26 out of 38 due diligence checks and has strong fundamentals. Magnolia Oil & Gas has seen its stock lose -0.22% over the past year, underperforming other energy stocks by -10 percentage points.

Magnolia Oil & Gas has an average 1 year price target of $26.90, an upside of 19.72% from Magnolia Oil & Gas's current stock price of $22.47.

Magnolia Oil & Gas stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Magnolia Oil & Gas, 60% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Frontline (NYSE:FRO)


Frontline (NYSE:FRO) is the second best energy stock with a Zen Score of 65, which is 28 points higher than the energy sector average of 37. It passed 24 out of 38 due diligence checks and has strong fundamentals. Frontline has seen its stock return 28.9% over the past year, overperforming other energy stocks by 19 percentage points.

Frontline has an average 1 year price target of $18.00, an upside of 3.75% from Frontline's current stock price of $17.35.

Frontline stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Frontline, 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.

3. Sm Energy Co (NYSE:SM)


Sm Energy Co (NYSE:SM) is the third best energy stock with a Zen Score of 64, which is 27 points higher than the energy sector average of 37. It passed 24 out of 38 due diligence checks and has strong fundamentals. Sm Energy Co has seen its stock lose -9.92% over the past year, underperforming other energy stocks by -20 percentage points.

Sm Energy Co has an average 1 year price target of $43.60, an upside of 14.89% from Sm Energy Co's current stock price of $37.95.

Sm Energy Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Sm Energy Co, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the energy stocks with highest dividends?

Out of 140 energy stocks that have issued dividends in the past year, the 3 energy stocks with the highest dividend yields are:

1. Icahn Enterprises (NASDAQ:IEP)


Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 34.36%, which is 29 percentage points higher than the energy sector average of 5.01%. Icahn Enterprises's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Icahn Enterprises's dividend has not shown consistent growth over the last 10 years.

Icahn Enterprises's dividend payout ratio of -303% indicates that its high dividend yield might not be sustainable for the long-term.

2. Torm (NASDAQ:TRMD)


Torm (NASDAQ:TRMD) has an annual dividend yield of 26.32%, which is 21 percentage points higher than the energy sector average of 5.01%.

Torm's dividend payout ratio of 63.6% indicates that its high dividend yield is sustainable for the long-term.

3. Cvr Energy (NYSE:CVI)


Cvr Energy (NYSE:CVI) has an annual dividend yield of 15.71%, which is 11 percentage points higher than the energy sector average of 5.01%. Cvr Energy's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Cvr Energy's dividend has shown consistent growth over the last 10 years.

Cvr Energy's dividend payout ratio of 102.7% indicates that its high dividend yield might not be sustainable for the long-term.

Why are energy stocks down?

Energy stocks were down -0.25% in the last day, and up 0.06% over the last week.

We couldn't find a catalyst for why energy stocks are down.

What are the most undervalued energy stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued energy stocks right now are:

1. Epsilon Energy (NASDAQ:EPSN)


Epsilon Energy (NASDAQ:EPSN) is the most undervalued energy stock based on WallStreetZen's Valuation Score. Epsilon Energy has a valuation score of 86, which is 49 points higher than the energy sector average of 37. It passed 6 out of 7 valuation due diligence checks.

Epsilon Energy's stock has dropped -23.2% in the past year. It has underperformed other stocks in the energy sector by -33 percentage points.

2. Diamondback Energy (NASDAQ:FANG)


Diamondback Energy (NASDAQ:FANG) is the second most undervalued energy stock based on WallStreetZen's Valuation Score. Diamondback Energy has a valuation score of 86, which is 49 points higher than the energy sector average of 37. It passed 6 out of 7 valuation due diligence checks.

Diamondback Energy's stock has gained 16.9% in the past year. It has overperformed other stocks in the energy sector by 7 percentage points.

3. Highpeak Energy (NASDAQ:HPK)


Highpeak Energy (NASDAQ:HPK) is the third most undervalued energy stock based on WallStreetZen's Valuation Score. Highpeak Energy has a valuation score of 86, which is 49 points higher than the energy sector average of 37. It passed 6 out of 7 valuation due diligence checks.

Highpeak Energy's stock has dropped -30.44% in the past year. It has underperformed other stocks in the energy sector by -40 percentage points.

Are energy stocks a good buy now?

46.63% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 8.31% over the next year.

What is the average p/e ratio of the energy sector?

The average P/E ratio of the energy sector is 8.77x.
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.