Sectors & IndustriesEnergy
Best Energy Stocks to Buy Now (2024)
Top energy stocks in 2024 ranked by overall Due Diligence Score. See the best energy stocks to buy now, according to analyst forecasts for the energy sector.

Sector: Energy

Due Diligence Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
NCSM	NCS MULTISTAGE HOLDINGS INC	NASDAQ	Oil & Gas Equipment & Services	$59.92M	$23.94	-4.24%	$49.12M	1.38x	0.33
SUN	SUNOCO LP	NYSE	Oil & Gas Refining & Marketing	$8.25B	$54.14	-2.04%	$1.39B	12.28x	2.38
VIST	VISTA ENERGY SAB DE CV	NYSE	Oil & Gas E&P	$5.35B	$55.37	-1.32%	$1.05B	10.27x	1.29
EPD	ENTERPRISE PRODUCTS PARTNERS LP	NYSE	Oil & Gas Midstream	$71.10B	$32.80	-0.15%	$9.40B	12.33x	1.62
REPX	RILEY EXPLORATION PERMIAN INC	NYSEMKT	Oil & Gas E&P	$684.44M	$31.86	-0.34%	$262.57M	5.60x	0.97
TDW	TIDEWATER INC	NYSE	Oil & Gas Equipment & Services	$2.46B	$47.00	-5.81%	$462.75M	13.58x	0.84
EGY	VAALCO ENERGY INC	NYSE	Oil & Gas E&P	$499.00M	$4.81	-0.21%	$322.56M	5.66x	0.87
NOA	NORTH AMERICAN CONSTRUCTION GROUP LTD	NYSE	Oil & Gas Equipment & Services	$556.47M	$20.74	-1.43%	$222.49M	13.44x	3.32
CTRA	COTERRA ENERGY INC	NYSE	Oil & Gas E&P	$18.36B	$24.93	-2.84%	$3.52B	15.02x	0.54
STNG	SCORPIO TANKERS INC	NYSE	Oil & Gas Midstream	$2.34B	$48.80	-1.51%	$1.05B	3.35x	0.36
TRMD	TORM PLC	NASDAQ	Oil & Gas Midstream	$1.84B	$19.63	-1.75%	$959.10M	2.53x	0.70
CMBT	CMBTECH NV	NYSE	Oil & Gas Midstream	$2.04B	$10.36	-2.91%	$1.53B	1.74x	2.29
TNK	TEEKAY TANKERS LTD	NYSE	Oil & Gas Midstream	$1.33B	$38.77	-2.61%	$525.81M	3.15x	0.10
WES	WESTERN MIDSTREAM PARTNERS LP	NYSE	Oil & Gas Midstream	$15.31B	$40.24	-0.27%	$2.58B	10.27x	2.97
TK	TEEKAY CORP	NYSE	Oil & Gas Midstream	$568.79M	$6.25	-2.34%	$252.61M	4.03x	0.29
PNRG	PRIMEENERGY RESOURCES CORP	NASDAQ	Oil & Gas E&P	$314.39M	$183.05	-15.29%	$128.23M	5.51x	0.70
SLB	SCHLUMBERGER LIMITED	NYSE	Oil & Gas Equipment & Services	$57.84B	$40.96	-2.52%	$8.58B	13.00x	1.26
WFRD	WEATHERFORD INTERNATIONAL PLC	NASDAQ	Oil & Gas Equipment & Services	$5.64B	$77.58	-6.21%	$1.13B	10.58x	2.83
FRO	FRONTLINE PLC	NYSE	Oil & Gas Midstream	$3.40B	$15.29	-2.98%	N/A	5.73x	1.66
DINO	HF SINCLAIR CORP	NYSE	Oil & Gas Refining & Marketing	$7.32B	$38.91	-1.59%	$1.34B	23.16x	0.75
SM	SM ENERGY CO	NYSE	Oil & Gas E&P	$4.60B	$40.18	-3.90%	$1.87B	5.60x	0.98
INSW	INTERNATIONAL SEAWAYS INC	NYSE	Oil & Gas Midstream	$1.82B	$37.06	-1.30%	$712.01M	3.55x	0.38
TEN	TSAKOS ENERGY NAVIGATION LTD	NYSE	Oil & Gas Midstream	$538.18M	$18.24	-0.27%	$524.12M	2.02x	1.06
CVX	CHEVRON CORP	NYSE	Oil & Gas Integrated	$278.98B	$155.24	-2.57%	$43.96B	16.98x	0.65
WHD	CACTUS INC	NYSE	Oil & Gas Equipment & Services	$5.09B	$63.96	-3.37%	$309.36M	22.44x	0.47
DHT	DHT HOLDINGS INC	NYSE	Oil & Gas Midstream	$1.52B	$9.42	-1.77%	$308.39M	9.42x	0.43
MPLX	MPLX LP	NYSE	Oil & Gas Midstream	$49.92B	$49.00	-1.37%	$5.86B	11.56x	1.81
PBR	PETROBRAS - PETROLEO BRASILEIRO	NYSE	Oil & Gas Integrated	$89.68B	$13.86	-3.01%	$52.49B	3.63x	1.76
EOG	EOG RESOURCES INC	NYSE	Oil & Gas E&P	$71.89B	$127.81	-1.70%	$13.28B	10.25x	0.56
CHX	CHAMPIONX CORP	NASDAQ	Oil & Gas Equipment & Services	$5.49B	$28.88	-2.86%	$732.31M	17.50x	0.87
DMLP	DORCHESTER MINERALS LP	NASDAQ	Oil & Gas E&P	$1.57B	$33.22	0.24%	$141.49M	11.91x	0.02
TTE	TOTALENERGIES SE	NYSE	Oil & Gas Integrated	$136.45B	$56.91	-0.94%	$46.98B	7.19x	1.43
LBRT	LIBERTY ENERGY INC	NYSE	Oil & Gas Equipment & Services	$2.82B	$17.23	-6.41%	$984.96M	8.01x	0.66
LPG	DORIAN LPG LTD	NYSE	Oil & Gas Midstream	$971.23M	$22.69	-3.03%	$379.63M	3.85x	0.71
HES	HESS CORP	NYSE	Oil & Gas E&P	$43.61B	$141.53	-2.21%	$6.53B	16.44x	1.35
CNQ	CANADIAN NATURAL RESOURCES LTD	NYSE	Oil & Gas E&P	$68.19B	$32.27	-2.95%	$12.20B	12.58x	0.88
VAL	VALARIS LTD	NYSE	Oil & Gas Equipment & Services	$2.99B	$41.98	-6.44%	$492.00M	2.88x	1.05
BSM	BLACK STONE MINERALS LP	NYSE	Oil & Gas E&P	$3.31B	$14.68	-2.65%	$422.35M	8.90x	0.05
MTDR	MATADOR RESOURCES CO	NYSE	Oil & Gas E&P	$6.90B	$55.30	-4.82%	$2.26B	7.31x	1.14
VLO	VALERO ENERGY CORP	NYSE	Oil & Gas Refining & Marketing	$41.64B	$131.52	-1.15%	$8.08B	11.63x	1.28
SHEL	SHELL PLC	NYSE	Oil & Gas Integrated	$205.13B	$63.25	-1.71%	$68.31B	10.98x	1.17
XOM	EXXON MOBIL CORP	NYSE	Oil & Gas Integrated	$499.15B	$113.57	-1.05%	$73.83B	14.14x	0.69
INVX	INNOVEX INTERNATIONAL INC	NYSE	Oil & Gas Equipment & Services	$984.47M	$14.64	-6.33%	$92.45M	10.03x	0.25
NOG	NORTHERN OIL & GAS INC	NYSE	Oil & Gas E&P	$4.02B	$40.23	-3.08%	$1.88B	4.69x	1.19
PR	PERMIAN RESOURCES CORP	NYSE	Oil & Gas E&P	$11.79B	$14.67	-3.93%	$3.29B	7.89x	0.70
PARR	PAR PACIFIC HOLDINGS INC	NYSE	Oil & Gas Refining & Marketing	$899.15M	$16.07	-1.17%	$410.93M	3.06x	2.07
HESM	HESS MIDSTREAM LP	NYSE	Oil & Gas Midstream	$3.89B	$37.38	0.59%	$651.30M	15.77x	6.98
CVE	CENOVUS ENERGY INC	NYSE	Oil & Gas Integrated	$27.48B	$15.02	-3.96%	$7.50B	10.47x	0.85
ET	ENERGY TRANSFER LP	NYSE	Oil & Gas Midstream	$65.94B	$19.26	1.00%	$13.47B	14.06x	2.22
EQNR	EQUINOR ASA	NYSE	Oil & Gas Integrated	$68.41B	$23.23	-3.69%	$50.16B	5.91x	1.96
DVN	DEVON ENERGY CORP	NYSE	Oil & Gas E&P	$22.98B	$34.99	-2.70%	$7.51B	6.46x	1.11
BKR	BAKER HUGHES CO	NASDAQ	Oil & Gas Equipment & Services	$40.88B	$41.31	-2.82%	$4.27B	18.36x	1.31
MPC	MARATHON PETROLEUM CORP	NYSE	Oil & Gas Refining & Marketing	$48.51B	$150.94	0.56%	$9.76B	11.72x	2.86
HAL	HALLIBURTON CO	NYSE	Oil & Gas Equipment & Services	$25.28B	$28.78	-4.13%	$4.71B	10.03x	1.46
USAC	USA COMPRESSION PARTNERS LP	NYSE	Oil & Gas Equipment & Services	$2.66B	$22.73	-2.07%	$537.02M	39.88x	44.55
TRGP	TARGA RESOURCES CORP	NYSE	Oil & Gas Midstream	$42.38B	$194.34	-2.01%	$3.79B	34.83x	6.78
FTI	TECHNIPFMC PLC	NYSE	Oil & Gas Equipment & Services	$13.07B	$30.73	-3.82%	$1.31B	19.83x	1.97
PFIE	PROFIRE ENERGY INC	NASDAQ	Oil & Gas Equipment & Services	$117.35M	$2.54	0.00%	$11.53M	13.37x	0.13
KGEI	KOLIBRI GLOBAL ENERGY INC	NASDAQ	Oil & Gas E&P	$158.06M	$4.42	-0.61%	$43.33M	9.21x	0.29
SU	SUNCOR ENERGY INC	NYSE	Oil & Gas Integrated	$48.42B	$38.38	-1.97%	$13.69B	8.56x	1.01
FTK	FLOTEK INDUSTRIES INC	NYSE	Oil & Gas Equipment & Services	$246.71M	$8.28	-4.83%	$12.90M	34.50x	0.47
BP	BP PLC	NYSE	Oil & Gas Integrated	$77.95B	$28.70	-1.51%	$28.94B	28.03x	2.93
HP	HELMERICH & PAYNE INC	NYSE	Oil & Gas Drilling	$3.28B	$33.24	-4.46%	$907.46M	9.69x	0.98
PSX	PHILLIPS 66	NYSE	Oil & Gas Refining & Marketing	$53.14B	$128.68	-0.89%	$7.35B	16.37x	1.58
XPRO	EXPRO GROUP HOLDINGS NV	NYSE	Oil & Gas Equipment & Services	$1.40B	$11.89	-9.31%	$263.54M	84.93x	0.58
NOV	NOV INC	NYSE	Oil & Gas Equipment & Services	$5.82B	$14.96	-4.35%	$1.19B	5.50x	0.76
NVGS	NAVIGATOR HOLDINGS LTD	NYSE	Oil & Gas Midstream	$1.07B	$15.38	-1.66%	$280.26M	13.61x	0.75
WKC	WORLD KINECT CORP	NYSE	Oil & Gas Refining & Marketing	$1.64B	$28.28	-1.63%	$397.20M	12.40x	2.41
DTI	DRILLING TOOLS INTERNATIONAL CORP	NASDAQ	Oil & Gas Equipment & Services	$120.77M	$3.48	-1.97%	$37.85M	13.92x	0.78
GPOR	GULFPORT ENERGY CORP	NYSE	Oil & Gas E&P	$3.12B	$175.74	-2.44%	$673.67M	14.74x	0.52
AROC	ARCHROCK INC	NYSE	Oil & Gas Equipment & Services	$4.46B	$25.45	-2.90%	$491.42M	27.97x	1.96
FANG	DIAMONDBACK ENERGY INC	NASDAQ	Oil & Gas E&P	$48.71B	$166.83	-3.39%	$6.48B	9.55x	0.72
NGS	NATURAL GAS SERVICES GROUP INC	NYSE	Oil & Gas Equipment & Services	$324.20M	$25.99	-4.31%	$61.90M	20.15x	0.98
MUR	MURPHY OIL CORP	NYSE	Oil & Gas E&P	$4.37B	$29.98	-5.19%	$1.52B	9.61x	0.82
KNTK	KINETIK HOLDINGS INC	NYSE	Oil & Gas Midstream	$9.17B	$58.20	-0.97%	$833.61M	10.25x	-2.21
DNOW	DNOW INC	NYSE	Oil & Gas Equipment & Services	$1.55B	$14.63	-1.55%	$145.00M	7.78x	0.42
OKE	ONEOK INC	NYSE	Oil & Gas Midstream	$63.68B	$109.00	-1.02%	$5.97B	23.09x	2.02
FLNG	FLEX LNG LTD	NYSE	Oil & Gas Midstream	$1.18B	$21.93	-3.14%	$274.93M	12.82x	2.16
TTI	TETRA TECHNOLOGIES INC	NYSE	Oil & Gas Equipment & Services	$492.97M	$3.74	-2.60%	$70.14M	187.00x	2.21
LNG	CHENIERE ENERGY INC	NYSE	Oil & Gas Midstream	$49.79B	$221.93	-1.77%	$7.52B	14.04x	6.61
AM	ANTERO MIDSTREAM CORP	NYSE	Oil & Gas Midstream	$7.37B	$15.31	-1.29%	$875.54M	19.14x	1.71
SEI	SOLARIS OILFIELD INFRASTRUCTURE INC	NYSE	Oil & Gas Equipment & Services	$1.60B	$26.48	-6.89%	$64.23M	60.18x	2.01
SGU	STAR GROUP LP	NYSE	Oil & Gas Refining & Marketing	$407.67M	$11.79	-1.75%	$92.60M	13.10x	2.56
IMO	IMPERIAL OIL LTD	NYSEMKT	Oil & Gas Integrated	$37.31B	$71.28	-2.21%	$6.09B	10.77x	0.80
RNGR	RANGER ENERGY SERVICES INC	NYSE	Oil & Gas Equipment & Services	$352.14M	$15.83	-6.72%	$68.20M	24.35x	0.40
EQT	EQT CORP	NYSE	Oil & Gas E&P	$25.85B	$43.33	-2.52%	$2.73B	46.10x	0.96
APA	APA CORP	NASDAQ	Oil & Gas E&P	$7.92B	$21.42	-1.92%	$3.63B	3.03x	2.58
REI	RING ENERGY INC	NYSEMKT	Oil & Gas E&P	$273.51M	$1.38	-5.48%	$282.72M	2.42x	0.64
PAA	PLAINS ALL AMERICAN PIPELINE LP	NASDAQ	Oil & Gas Midstream	$12.79B	$18.18	-1.41%	$2.66B	16.09x	1.33
MGY	MAGNOLIA OIL & GAS CORP	NYSE	Oil & Gas E&P	$5.05B	$25.67	-3.68%	$899.22M	12.71x	0.45
BORR	BORR DRILLING LTD	NYSE	Oil & Gas Drilling	$843.95M	$3.36	-2.61%	$467.20M	9.60x	2.38
GRNT	GRANITE RIDGE RESOURCES INC	NYSE	Oil & Gas E&P	$806.69M	$6.17	-1.12%	$253.64M	17.14x	0.57
E	ENI SPA	NYSE	Oil & Gas Integrated	$47.45B	$28.11	-1.20%	$19.66B	9.17x	1.67
RES	RPC INC	NYSE	Oil & Gas Equipment & Services	$1.26B	$5.84	-8.46%	$278.74M	10.43x	0.24
PBA	PEMBINA PIPELINE CORP	NYSE	Oil & Gas Midstream	$22.88B	$39.44	-2.79%	$2.20B	16.50x	1.08
PHX	PHX MINERALS INC	NYSE	Oil & Gas E&P	$142.80M	$3.81	-1.80%	$18.98M	29.31x	0.32
GLP	GLOBAL PARTNERS LP	NYSE	Oil & Gas Midstream	$1.92B	$56.53	-0.93%	$405.66M	16.93x	4.07
COP	CONOCOPHILLIPS	NYSE	Oil & Gas E&P	$118.80B	$103.22	-1.17%	$24.94B	12.23x	0.94
CRGY	CRESCENT ENERGY CO	NYSE	Oil & Gas E&P	$3.24B	$14.20	-1.53%	$1.10B	17.11x	1.77
PTLE	PTL LTD	NASDAQ	Oil & Gas Refining & Marketing	N/A	$6.94	-6.09%	$1.10M	83.61x	7.18

Energy Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Oil & Gas Drilling	9	-3.72%	-7.65%	-13.41%	-6.79%	3.45x	0.80x	+2.12%	+2.35%	+3.53%	+44.53%	Buy
Oil & Gas E&P	78	-2.57%	-9.89%	-1.08%	+38.02%	16.08x	1.73x	+17.36%	+9.92%	+14.87%	+1.35%	Buy
Oil & Gas Equipment & Services	47	-4.14%	-5.20%	-4.80%	+9.09%	20.17x	2.34x	+39.73%	+7.73%	+14.25%	+28.48%	Buy
Oil & Gas Integrated	19	-1.68%	-3.34%	-1.35%	+8.73%	13.11x	1.44x	+14.06%	+6.81%	+14.11%	+26.22%	Buy
Oil & Gas Midstream	47	-1.45%	-2.82%	+2.55%	+30.39%	17.88x	2.90x	+21.51%	+6.76%	+10.40%	+10.06%	Buy
Oil & Gas Refining & Marketing	22	-0.88%	-3.98%	-1.56%	-5.80%	12.64x	1.81x	+15.92%	+4.47%	+9.28%	+18.85%	Buy

Energy Stocks FAQ

What are the best energy stocks to buy right now in Dec 2024?

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

1. Sunoco (NYSE:SUN)

Sunoco (NYSE:SUN) is the top energy stock with a Due Diligence Score of 65, which is 32 points higher than the energy sector average of 33. It passed 24 out of 38 due diligence checks and has strong fundamentals. Sunoco has seen its stock return 3.2% over the past year, underperforming other energy stocks by -19 percentage points.

Sunoco has an average 1 year price target of $62.60, an upside of 15.63% from Sunoco's current stock price of $54.14.

Sunoco stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Sunoco, 80% have issued a Strong Buy rating, 20% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Ncs Multistage Holdings (NASDAQ:NCSM)

Ncs Multistage Holdings (NASDAQ:NCSM) is the second best energy stock with a Due Diligence Score of 65, which is 32 points higher than the energy sector average of 33. It passed 20 out of 33 due diligence checks and has strong fundamentals. Ncs Multistage Holdings has seen its stock return 80% over the past year, overperforming other energy stocks by 58 percentage points.

3. Vista Energy Sab De CV (NYSE:VIST)

Vista Energy Sab De CV (NYSE:VIST) is the third best energy stock with a Due Diligence Score of 62, which is 29 points higher than the energy sector average of 33. It passed 21 out of 33 due diligence checks and has strong fundamentals. Vista Energy Sab De CV has seen its stock return 83.95% over the past year, overperforming other energy stocks by 62 percentage points.

Vista Energy Sab De CV has an average 1 year price target of $65.33, an upside of 17.99% from Vista Energy Sab De CV's current stock price of $55.37.

Vista Energy Sab De CV stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Vista Energy Sab De CV, 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.

What are the energy stocks with highest dividends?

Out of 129 energy stocks that have issued dividends in the past year, the 3 energy stocks with the highest dividend yields are:

1. Comstock Resources (NYSE:CRK)

Comstock Resources (NYSE:CRK) has an annual dividend yield of N/A, which is N/A percentage points lower than the energy sector average of 5.09%. Comstock Resources's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Comstock Resources's dividend has not shown consistent growth over the last 10 years.

Comstock Resources's dividend payout ratio of -69.4% indicates that its dividend yield might not be sustainable for the long-term.

2. Icahn Enterprises (NASDAQ:IEP)

Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 33.14%, which is 28 percentage points higher than the energy sector average of 5.09%. Icahn Enterprises's dividend payout is not stable, having dropped more than 10% two 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 -384.6% indicates that its high dividend yield might not be sustainable for the long-term.

3. Torm (NASDAQ:TRMD)

Torm (NASDAQ:TRMD) has an annual dividend yield of 29.85%, which is 25 percentage points higher than the energy sector average of 5.09%. Torm's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Torm's dividend has shown consistent growth over the last 10 years.

Torm's dividend payout ratio of 75% indicates that its high dividend yield is sustainable for the long-term.

Why are energy stocks down?

Energy stocks were down -2.31% in the last day, and down -6.71% over the last week. Profrac Holding was the among the top losers in the energy sector, dropping -10.18% yesterday.

ProFrac shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and announced a price target of $7.

What are the most undervalued energy stocks?

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

1. Ncs Multistage Holdings (NASDAQ:NCSM)

Ncs Multistage Holdings (NASDAQ:NCSM) is the most undervalued energy stock based on WallStreetZen's Valuation Score. Ncs Multistage Holdings has a valuation score of 100, which is 71 points higher than the energy sector average of 29. It passed 7 out of 7 valuation due diligence checks.

Ncs Multistage Holdings's stock has gained 80% in the past year. It has overperformed other stocks in the energy sector by 58 percentage points.

2. Gulfport Energy (NYSE:GPOR)

Gulfport Energy (NYSE:GPOR) is the second most undervalued energy stock based on WallStreetZen's Valuation Score. Gulfport Energy has a valuation score of 71, which is 42 points higher than the energy sector average of 29. It passed 5 out of 7 valuation due diligence checks.

Gulfport Energy's stock has gained 31.31% in the past year. It has overperformed other stocks in the energy sector by 9 percentage points.

3. Coterra Energy (NYSE:CTRA)

Coterra Energy (NYSE:CTRA) is the third most undervalued energy stock based on WallStreetZen's Valuation Score. Coterra Energy has a valuation score of 71, which is 42 points higher than the energy sector average of 29. It passed 5 out of 7 valuation due diligence checks.

Coterra Energy's stock has gained 0.61% in the past year. It has underperformed other stocks in the energy sector by -22 percentage points.

Are energy stocks a good buy now?

40.48% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 11.83% 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 15.12x.

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.