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Best Energy Stocks to Buy Now (2024)
Top energy stocks in 2024 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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
CHRD
CHORD ENERGY CORP
$7.29B$175.98$208.1718.29%Strong Buy612.12%73.32%N/AN/A
PTEN
PATTERSON UTI ENERGY INC
$4.36B$10.68$15.6346.30%Strong Buy824.69%83.40%N/AN/A
INSW
INTERNATIONAL SEAWAYS INC
$2.75B$56.17$65.0015.72%Strong Buy2-7.84%N/AN/AN/A
FRO
FRONTLINE PLC
$5.51B$24.74$26.105.50%Strong Buy3-30.01%N/AN/AN/A
PFIE
PROFIRE ENERGY INC
$83.83M$1.78N/AN/AN/AN/A-1.41%N/AN/AN/A
PARR
PAR PACIFIC HOLDINGS INC
$1.84B$30.84$42.0036.19%Buy24.15%N/AN/AN/A
PUMP
PROPETRO HOLDING CORP
$994.39M$9.29$11.0018.41%Strong Buy14.39%60.16%N/AN/A
VLO
VALERO ENERGY CORP
$51.29B$156.84$181.7515.88%Strong Buy12-3.87%N/AN/AN/A
SDPI
SUPERIOR DRILLING PRODUCTS INC
$37.69M$1.24N/AN/AN/AN/AN/AN/AN/AN/A
TNK
TEEKAY TANKERS LTD
$2.05B$60.14$71.6719.17%Strong Buy3-42.30%-60.70%N/AN/A
TRMD
TORM PLC
$3.00B$34.78$44.0026.51%Buy1N/AN/AN/AN/A
IMPP
IMPERIAL PETROLEUM INC/MARSHALL ISLANDS
$104.64M$3.51N/AN/AN/AN/AN/AN/AN/AN/A
GPRK
GEOPARK LTD
$518.97M$9.38$12.5033.26%Strong Buy26.37%53.76%N/AN/A
MGY
MAGNOLIA OIL & GAS CORP
$5.13B$25.11$27.138.02%Buy87.63%83.38%N/AN/A
DVN
DEVON ENERGY CORP
$31.94B$50.54$59.8618.43%Strong Buy141.66%34.54%N/AN/A
SM
SM ENERGY CO
$5.77B$50.13$51.893.51%Buy96.06%38.97%N/AN/A
RNGR
RANGER ENERGY SERVICES INC
$227.76M$10.05N/AN/AN/AN/A-8.73%N/AN/AN/A
NFG
NATIONAL FUEL GAS CO
$5.04B$54.87$72.0031.22%Buy17.78%50.02%N/AN/A
FANG
DIAMONDBACK ENERGY INC
$35.94B$201.50$214.386.39%Strong Buy1625.66%24.83%N/AN/A
DTI
DRILLING TOOLS INTERNATIONAL CORP
$157.77M$5.30N/AN/AN/AN/A9.39%N/AN/AN/A
LPG
DORIAN LPG LTD
$1.74B$42.89$47.009.58%Buy2-14.81%-86.13%4.33%2.34%
NVGS
NAVIGATOR HOLDINGS LTD
$1.13B$15.41$20.0029.79%Strong Buy1-5.72%33.22%N/AN/A
BSM
BLACK STONE MINERALS LP
$3.69B$16.39$18.5012.87%Buy2-3.36%11.86%N/AN/A
VAL
VALARIS LTD
$4.94B$68.25$99.0045.05%Strong Buy321.12%N/AN/AN/A
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$547.15M$20.47N/AN/AN/AN/A17.63%16.42%N/AN/A
PBF
PBF ENERGY INC
$6.15B$51.86$61.1417.90%Buy7-4.36%N/AN/AN/A
DNOW
DNOW INC
$1.52B$14.34$17.0018.55%Buy23.29%-21.34%N/AN/A
TNP
TSAKOS ENERGY NAVIGATION LTD
$773.93M$26.23$30.0014.37%Strong Buy10.53%N/AN/AN/A
XOM
EXXON MOBIL CORP
$457.39B$116.00$133.6215.19%Strong Buy134.99%11.79%20.72%11.25%
RES
RPC INC
$1.45B$6.77$7.003.40%Hold15.28%50.00%N/AN/A
DMLP
DORCHESTER MINERALS LP
$1.24B$30.88N/AN/AN/AN/AN/AN/AN/AN/A
MXC
MEXCO ENERGY CORP
$25.74M$12.27N/AN/AN/AN/AN/AN/AN/AN/A
CVE
CENOVUS ENERGY INC
$38.22B$20.49$29.0041.53%Strong Buy2-0.68%49.05%N/AN/A
HAL
HALLIBURTON CO
$32.52B$36.73$48.5632.20%Strong Buy96.25%9.86%N/AN/A
NOG
NORTHERN OIL & GAS INC
$4.07B$40.25$47.0016.77%Buy108.19%57.74%N/AN/A
MPC
MARATHON PETROLEUM CORP
$64.32B$182.55$207.8913.88%Buy9-6.10%N/AN/AN/A
BKR
BAKER HUGHES CO
$31.86B$31.92$40.4026.57%Strong Buy55.61%9.95%N/AN/A
E
ENI SPA
$53.53B$31.71N/AN/AN/AN/A-14.15%55.96%N/AN/A
COP
CONOCOPHILLIPS
$142.95B$122.23$144.9218.56%Strong Buy124.13%30.84%N/AN/A
EPD
ENTERPRISE PRODUCTS PARTNERS LP
$60.93B$28.10$33.7119.98%Strong Buy78.47%5.28%N/AN/A
SU
SUNCOR ENERGY INC
$49.33B$38.24$52.0035.98%Strong Buy1-4.91%11.71%N/AN/A
STNG
SCORPIO TANKERS INC
$3.85B$72.40$89.0022.93%Strong Buy3-5.87%N/AN/AN/A
WKC
WORLD KINECT CORP
$1.43B$23.93$26.7511.78%Hold41.72%126.38%N/AN/A
TRP
TC ENERGY CORP
$39.03B$37.62$43.5015.63%Sell22.16%63.25%N/AN/A
WFRD
WEATHERFORD INTERNATIONAL PLC
$8.97B$122.60$151.8823.88%Strong Buy88.76%-69.15%N/AN/A
EQT
EQT CORP
$17.78B$40.27$43.818.80%Buy1615.12%36.98%N/AN/A
VTLE
VITAL ENERGY INC
$1.89B$51.65$59.4015.00%Buy1011.39%32.99%N/AN/A
PR
PERMIAN RESOURCES CORP
$13.07B$16.93$19.3114.05%Strong Buy1327.84%51.46%N/AN/A
TRGP
TARGA RESOURCES CORP
$24.90B$112.31$119.176.11%Strong Buy124.85%35.00%N/AN/A
MRC
MRC GLOBAL INC
$971.33M$11.51$16.0039.01%Strong Buy22.64%15.53%N/AN/A
TPL
TEXAS PACIFIC LAND CORP
$12.92B$561.62$694.1723.60%Buy29.96%50.04%N/AN/A
CVX
CHEVRON CORP
$295.98B$160.25$185.1515.54%Strong Buy134.33%15.37%17.25%10.59%
GEOS
GEOSPACE TECHNOLOGIES CORP
$167.80M$12.60N/AN/AN/AN/AN/AN/AN/AN/A
FLNG
FLEX LNG LTD
$1.43B$26.60N/AN/AN/AN/A0.26%42.41%N/AN/A
APA
APA CORP
$10.86B$29.26$40.7239.17%Hold189.46%20.89%N/AN/A
CVI
CVR ENERGY INC
$2.96B$29.49$29.00-1.66%Sell1-5.63%N/AN/AN/A
LBRT
LIBERTY ENERGY INC
$3.61B$21.64$24.5013.22%Buy83.57%4.18%N/AN/A
CNQ
CANADIAN NATURAL RESOURCES LTD
$79.87B$74.65$102.0036.64%Hold11.61%38.63%N/AN/A
PHX
PHX MINERALS INC
$126.54M$3.38$4.9044.97%Strong Buy2-3.65%42.33%N/AN/A
LNG
CHENIERE ENERGY INC
$36.06B$157.54$189.2520.13%Strong Buy410.57%N/AN/AN/A
WES
WESTERN MIDSTREAM PARTNERS LP
$13.52B$35.53$31.25-12.05%Hold47.94%37.44%N/AN/A
PBR
PETROBRAS - PETROLEO BRASILEIRO
$106.30B$16.43$17.254.99%Strong Buy4-0.55%-18.14%N/AN/A
DHT
DHT HOLDINGS INC
$1.87B$11.63$15.5033.28%Strong Buy2-12.54%8.71%N/AN/A
REPX
RILEY EXPLORATION PERMIAN INC
$508.78M$24.94$53.00112.51%Strong Buy18.97%N/AN/AN/A
HES
HESS CORP
$48.79B$158.86$181.6014.31%Buy56.48%87.03%N/AN/A
GLP
GLOBAL PARTNERS LP
$1.62B$47.75$44.00-7.85%Strong Buy139.62%N/AN/AN/A
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$396.64M$9.01$10.0010.99%Strong Buy1-8.29%N/AN/AN/A
EURN
EURONAV NV
$3.31B$17.00$19.1912.86%Hold3-24.72%-91.60%N/AN/A
TK
TEEKAY CORP
$701.66M$7.71N/AN/AN/AN/AN/AN/AN/AN/A
WHD
CACTUS INC
$4.03B$50.65$53.756.12%Buy43.11%5.74%N/AN/A
CHK
CHESAPEAKE ENERGY CORP
$11.36B$86.67$102.7018.50%Buy10-17.10%85.12%N/AN/A
WMB
WILLIAMS COMPANIES INC
$47.05B$38.67$40.404.47%Buy56.35%N/AN/AN/A
SLB
SCHLUMBERGER LIMITED
$68.12B$47.66$67.5541.72%Strong Buy119.65%9.99%N/AN/A
MUR
MURPHY OIL CORP
$6.74B$44.15$52.7519.48%Strong Buy82.10%75.90%N/AN/A
CHX
CHAMPIONX CORP
$6.38B$33.60$39.0016.07%Buy55.55%N/AN/AN/A
EGY
VAALCO ENERGY INC
$647.53M$6.27N/AN/AN/AN/A-13.70%N/AN/AN/A
VNOM
VIPER ENERGY INC
$6.65B$37.62$42.6713.42%Strong Buy63.85%-29.29%N/AN/A
HP
HELMERICH & PAYNE INC
$3.80B$38.47$43.4312.89%Hold71.57%17.06%N/AN/A
AMPY
AMPLIFY ENERGY CORP
$278.66M$7.06$9.8339.28%Strong Buy3N/AN/AN/AN/A
MPLX
MPLX LP
$41.79B$41.12$46.2512.48%Strong Buy83.10%-14.45%N/AN/A
NCSM
NCS MULTISTAGE HOLDINGS INC
$43.59M$17.42N/AN/AN/AN/A6.73%N/AN/AN/A
VIST
VISTA ENERGY SAB DE CV
$4.20B$43.20$51.5019.21%Buy239.11%-38.70%N/AN/A
PDS
PRECISION DRILLING CORP
$1.02B$71.12$81.0013.89%Strong Buy14.70%18.98%N/AN/A
KNTK
KINETIK HOLDINGS INC
$5.77B$38.19$40.004.74%Buy516.19%-51.20%N/AN/A
EQNR
EQUINOR ASA
$80.72B$27.41$30.009.45%Hold1-3.76%6.17%N/AN/A
MTDR
MATADOR RESOURCES CO
$7.90B$63.28$74.9118.38%Strong Buy118.70%-10.72%N/AN/A
SGU
STAR GROUP LP
$401.28M$11.39N/AN/AN/AN/AN/AN/AN/AN/A
EOG
EOG RESOURCES INC
$74.72B$130.02$145.1711.65%Buy183.38%9.31%N/AN/A
NE
NOBLE CORP PLC
$6.47B$45.29$58.2528.62%Strong Buy49.77%N/AN/AN/A
MRO
MARATHON OIL CORP
$14.86B$26.34$33.2026.04%Strong Buy153.49%62.37%N/AN/A
DINO
HF SINCLAIR CORP
$10.81B$54.42$68.4325.74%Strong Buy7-4.04%-51.25%N/AN/A
NOV
NOV INC
$7.33B$18.54$24.8634.07%Strong Buy75.33%-64.22%N/AN/A
EPSN
EPSILON ENERGY LTD
$119.21M$5.44N/AN/AN/AN/AN/AN/AN/AN/A
NGS
NATURAL GAS SERVICES GROUP INC
$278.47M$22.39$26.0016.12%Strong Buy125.77%N/AN/AN/A
TTE
TOTALENERGIES SE
$170.97B$71.63$82.5015.18%Hold22.14%5.67%N/AN/A
BOOM
DMC GLOBAL INC
$272.56M$13.64$27.0097.95%Strong Buy14.10%N/AN/AN/A
PAA
PLAINS ALL AMERICAN PIPELINE LP
$12.26B$17.49$20.0714.76%Buy76.94%6.69%N/AN/A
CRC
CALIFORNIA RESOURCES CORP
$3.58B$51.68$63.8023.45%Buy514.74%N/AN/AN/A
VVV
VALVOLINE INC
$5.66B$43.62$46.005.46%Strong Buy410.74%-49.62%N/AN/A
MARPS
MARINE PETROLEUM TRUST
$8.30M$4.15N/AN/AN/AN/AN/AN/AN/AN/A

Energy Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
10+2.95%-2.60%-11.01%+14.66%8.02x0.97x+6.49%+4.93%+7.74%+35.70%Buy
83+0.78%-4.01%-3.49%+23.88%16.09x2.05x+20.03%+9.92%+15.26%+19.32%Buy
50+1.48%-2.19%-5.74%+32.38%17.01x2.62x+20.58%+8.14%+14.68%+21.84%Strong Buy
16+0.17%-1.73%-0.34%+17.17%11.49x1.63x+16.69%+7.65%+16.02%+18.13%Buy
48+0.78%-0.07%-0.86%+27.83%14.40x2.38x+21.80%+7.15%+11.08%+12.36%Buy
21-0.05%-5.09%-12.38%+28.75%9.59x2.14x+29.83%+9.11%+17.11%+16.62%Buy

Energy Stocks FAQ

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

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

1. Chord Energy (NASDAQ:CHRD)


Chord Energy (NASDAQ:CHRD) is the top energy stock with a Zen Score of 64, which is 30 points higher than the energy sector average of 34. It passed 25 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 29.91% over the past year, overperforming other energy stocks by 5 percentage points.

Chord Energy has an average 1 year price target of $208.17, an upside of 18.29% from Chord Energy's current stock price of $175.98.

Chord Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Chord Energy, 83.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. International Seaways (NYSE:INSW)


International Seaways (NYSE:INSW) is the second best energy stock with a Zen Score of 61, which is 27 points higher than the energy sector average of 34. It passed 22 out of 38 due diligence checks and has strong fundamentals. International Seaways has seen its stock return 51.65% over the past year, overperforming other energy stocks by 27 percentage points.

International Seaways has an average 1 year price target of $65.00, an upside of 15.72% from International Seaways's current stock price of $56.17.

International Seaways stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering International Seaways, 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. Patterson Uti Energy (NASDAQ:PTEN)


Patterson Uti Energy (NASDAQ:PTEN) is the third best energy stock with a Zen Score of 61, which is 27 points higher than the energy sector average of 34. It passed 23 out of 38 due diligence checks and has strong fundamentals. Patterson Uti Energy has seen its stock return 3.59% over the past year, underperforming other energy stocks by -22 percentage points.

Patterson Uti Energy has an average 1 year price target of $15.63, an upside of 46.3% from Patterson Uti Energy's current stock price of $10.68.

Patterson Uti Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Patterson Uti Energy, 62.5% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% 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 117 energy stocks that have issued dividends in the past year, the 3 energy stocks with the highest dividend yields are:

1. Mexco Energy (NYSEMKT:MXC)


Mexco Energy (NYSEMKT:MXC) has an annual dividend yield of N/A, which is N/A percentage points lower than the energy sector average of 4.77%.

Mexco Energy's dividend payout ratio of 10.8% indicates that its dividend yield is sustainable for the long-term.

2. Icahn Enterprises (NASDAQ:IEP)


Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 28.82%, which is 24 percentage points higher than the energy sector average of 4.77%. 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 -342.9% indicates that its high dividend yield might not be sustainable for the long-term.

3. Sandridge Energy (NYSE:SD)


Sandridge Energy (NYSE:SD) has an annual dividend yield of 27.97%, which is 23 percentage points higher than the energy sector average of 4.77%.

Sandridge Energy's dividend payout ratio of 224.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are energy stocks up?

Energy stocks were up 0.79% in the last day, and down -2.87% over the last week. Summit Midstream Partners was the among the top gainers in the energy sector, gaining 20.81% yesterday.

Summit Midstream Partners shares are trading higher after the company reported a year-over-year increase in Q1 financial results.

What are the most undervalued energy stocks?

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

1. Chesapeake Energy (NASDAQ:CHK)


Chesapeake Energy (NASDAQ:CHK) is the most undervalued energy stock based on WallStreetZen's Valuation Score. Chesapeake Energy has a valuation score of 100, which is 63 points higher than the energy sector average of 37. It passed 7 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 12.51% in the past year. It has underperformed other stocks in the energy sector by -13 percentage points.

2. Chord Energy (NASDAQ:CHRD)


Chord Energy (NASDAQ:CHRD) is the second most undervalued energy stock based on WallStreetZen's Valuation Score. Chord Energy has a valuation score of 100, which is 63 points higher than the energy sector average of 37. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 29.91% in the past year. It has overperformed other stocks in the energy sector by 5 percentage points.

3. Profire Energy (NASDAQ:PFIE)


Profire Energy (NASDAQ:PFIE) is the third most undervalued energy stock based on WallStreetZen's Valuation Score. Profire Energy has a valuation score of 100, which is 63 points higher than the energy sector average of 37. It passed 7 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 60.36% in the past year. It has overperformed other stocks in the energy sector by 35 percentage points.

Are energy stocks a good buy now?

50.32% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 18.63% 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 13.17x.
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.