Sectors & IndustriesEnergy
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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
CHRD	CHORD ENERGY CORP	$7.29B	0.77%	38.10%	$1.3600	$1.36	13%	3
PTEN	PATTERSON UTI ENERGY INC	$4.36B	3.00%	36.40%	$0.0800	$0.32	55%	2	2024-06-03	2024-06-17
INSW	INTERNATIONAL SEAWAYS INC	$2.75B	9.99%	55.40%	$1.3200	$5.61	93%	4
FRO	FRONTLINE PLC	$5.51B	8.77%	73.60%	$0.3700	$2.17	92%	7
PFIE	PROFIRE ENERGY INC	$83.83M	N/A	0.00%	N/A	N/A	N/A	N/A
PARR	PAR PACIFIC HOLDINGS INC	$1.84B	N/A	0.00%	N/A	N/A	N/A	N/A
PUMP	PROPETRO HOLDING CORP	$994.39M	N/A	0.00%	N/A	N/A	N/A	N/A
VLO	VALERO ENERGY CORP	$51.29B	2.63%	20.30%	$1.0700	$4.13	50%	0
SDPI	SUPERIOR DRILLING PRODUCTS INC	$37.69M	N/A	0.00%	N/A	N/A	N/A	N/A
TNK	TEEKAY TANKERS LTD	$2.05B	3.33%	13.30%	$0.2500	$2.00	59%	4
TRMD	TORM PLC	$3.00B	16.62%	90.50%	$1.3600	$5.78	98%	2
IMPP	IMPERIAL PETROLEUM INC/MARSHALL ISLANDS	$104.64M	N/A	0.00%	N/A	N/A	N/A	N/A
GPRK	GEOPARK LTD	$518.97M	5.67%	27.30%	$0.1360	$0.53	82%	2
MGY	MAGNOLIA OIL & GAS CORP	$5.13B	1.89%	23.30%	$0.1300	$0.48	38%	1	2024-05-10	2024-06-03
DVN	DEVON ENERGY CORP	$31.94B	4.79%	45.90%	$0.4400	$2.42	77%	7	2024-06-14	2024-06-28
SM	SM ENERGY CO	$5.77B	1.32%	10.30%	$0.1800	$0.66	26%	1
RNGR	RANGER ENERGY SERVICES INC	$227.76M	1.49%	10.30%	$0.0500	$0.15	30%	0
NFG	NATIONAL FUEL GAS CO	$5.04B	3.61%	39.10%	$0.4950	$1.98	63%	0
FANG	DIAMONDBACK ENERGY INC	$35.94B	4.03%	45.80%	$3.0800	$8.12	70%	2	2024-05-14	2024-05-22
DTI	DRILLING TOOLS INTERNATIONAL CORP	$157.77M	N/A	0.00%	N/A	N/A	N/A	N/A
LPG	DORIAN LPG LTD	$1.74B	9.33%	52.80%	$1.0000	$4.00	92%	1	2024-05-07	2024-05-30
NVGS	NAVIGATOR HOLDINGS LTD	$1.13B	0.97%	9.00%	$0.0500	$0.15	18%	0
BSM	BLACK STONE MINERALS LP	$3.69B	11.59%	99.50%	$0.4750	$1.90	95%	2	2024-05-09	2024-05-17
VAL	VALARIS LTD	$4.94B	N/A	0.00%	N/A	N/A	N/A	N/A
NOA	NORTH AMERICAN CONSTRUCTION GROUP LTD	$547.15M	1.57%	22.40%	$0.1000	$0.32	31%	2	2024-05-31	2024-07-05
PBF	PBF ENERGY INC	$6.15B	1.74%	5.90%	$0.2500	$0.90	35%	1	2024-05-15	2024-05-30
DNOW	DNOW INC	$1.52B	N/A	0.00%	N/A	N/A	N/A	N/A
TNP	TSAKOS ENERGY NAVIGATION LTD	$773.93M	3.81%	11.10%	$0.3000	$1.00	66%	4
XOM	EXXON MOBIL CORP	$457.39B	3.21%	45.60%	$0.9500	$3.72	57%	0	2024-05-14	2024-06-10
RES	RPC INC	$1.45B	2.36%	22.90%	$0.0400	$0.16	46%	5	2024-05-09	2024-06-10
DMLP	DORCHESTER MINERALS LP	$1.24B	10.72%	128.40%	$0.7818	$3.31	94%	11		2024-05-09
MXC	MEXCO ENERGY CORP	$25.74M	N/A	10.80%	$0.1000	N/A	N/A	0	2024-05-20	2024-06-04
CVE	CENOVUS ENERGY INC	$38.22B	2.20%	25.50%	$0.1400	$0.45	43%	4	2024-05-16	2024-05-31
HAL	HALLIBURTON CO	$32.52B	1.77%	22.40%	$0.1700	$0.65	36%	1
NOG	NORTHERN OIL & GAS INC	$4.07B	3.85%	24.30%	$0.4000	$1.55	67%	0	2024-06-27	2024-07-31
MPC	MARATHON PETROLEUM CORP	$64.32B	1.73%	15.50%	$0.8250	$3.15	35%	0	2024-05-15	2024-06-10
BKR	BAKER HUGHES CO	$31.86B	3.16%	44.00%	$0.2100	$1.01	57%	0		2024-05-16
E	ENI SPA	$53.53B	6.32%	65.40%	$0.5186	$2.00	85%	5	2024-05-20	2024-06-07
COP	CONOCOPHILLIPS	$142.95B	2.93%	40.50%	$0.7800	$3.58	54%	8	2024-05-10	2024-06-03
EPD	ENTERPRISE PRODUCTS PARTNERS LP	$60.93B	7.22%	79.60%	$0.5150	$2.03	88%	0		2024-05-14
SU	SUNCOR ENERGY INC	$49.33B	4.48%	36.80%	$0.5450	$1.71	74%	2
STNG	SCORPIO TANKERS INC	$3.85B	1.73%	12.00%	$0.4000	$1.25	35%	1
WKC	WORLD KINECT CORP	$1.43B	2.47%	61.50%	$0.1700	$0.59	47%	0
TRP	TC ENERGY CORP	$39.03B	8.12%	161.00%	$0.9600	$3.06	90%	1
WFRD	WEATHERFORD INTERNATIONAL PLC	$8.97B	N/A	0.00%	N/A	N/A	N/A	N/A
EQT	EQT CORP	$17.78B	1.53%	41.30%	$0.1575	$0.62	30%	0	2024-05-07	2024-06-01
VTLE	VITAL ENERGY INC	$1.89B	N/A	0.00%	N/A	N/A	N/A	N/A
PR	PERMIAN RESOURCES CORP	$13.07B	2.78%	27.20%	$0.1500	$0.47	51%	0
TRGP	TARGA RESOURCES CORP	$24.90B	2.00%	46.00%	$0.7500	$2.25	40%	1		2024-05-15
MRC	MRC GLOBAL INC	$971.33M	N/A	0.00%	N/A	N/A	N/A	N/A
TPL	TEXAS PACIFIC LAND CORP	$12.92B	0.58%	24.60%	$1.0833	$3.25	9%	3
CVX	CHEVRON CORP	$295.98B	3.84%	56.40%	$1.6300	$6.16	67%	0	2024-05-16	2024-06-10
GEOS	GEOSPACE TECHNOLOGIES CORP	$167.80M	N/A	0.00%	N/A	N/A	N/A	N/A
FLNG	FLEX LNG LTD	$1.43B	11.75%	139.50%	$0.7500	$3.13	95%	3
APA	APA CORP	$10.86B	1.71%	5.60%	$0.2500	$0.50	34%	1		2024-05-22
CVI	CVR ENERGY INC	$2.96B	15.26%	69.00%	$0.5000	$4.50	98%	6	2024-05-10	2024-05-20
LBRT	LIBERTY ENERGY INC	$3.61B	1.11%	8.50%	$0.0700	$0.24	20%	0	2024-06-06	2024-06-20
CNQ	CANADIAN NATURAL RESOURCES LTD	$79.87B	4.19%	63.20%	$1.0500	$3.13	71%	2	2024-06-17	2024-07-05
PHX	PHX MINERALS INC	$126.54M	3.11%	19.20%	$0.0300	$0.11	56%	1
LNG	CHENIERE ENERGY INC	$36.06B	1.05%	8.00%	$0.4350	$1.66	20%	0	2024-05-09	2024-05-17
WES	WESTERN MIDSTREAM PARTNERS LP	$13.52B	7.28%	98.40%	$0.8750	$2.59	88%	2		2024-05-15
PBR	PETROBRAS - PETROLEO BRASILEIRO	$106.30B	10.74%	46.40%	$0.3406	$1.76	94%	7		2024-06-27
DHT	DHT HOLDINGS INC	$1.87B	8.51%	100.00%	$0.2200	$0.99	91%	10
REPX	RILEY EXPLORATION PERMIAN INC	$508.78M	5.69%	24.70%	$0.3600	$1.42	83%	0		2024-05-09
HES	HESS CORP	$48.79B	1.10%	38.70%	$0.4375	$1.75	20%	0
GLP	GLOBAL PARTNERS LP	$1.62B	5.69%	72.00%	$0.7000	$2.72	83%	3	2024-05-08	2024-05-15
SOI	SOLARIS OILFIELD INFRASTRUCTURE INC	$396.64M	5.11%	67.60%	$0.1200	$0.46	79%	0	2024-06-07	2024-06-17
EURN	EURONAV NV	$3.31B	12.48%	49.90%	$0.5700	$2.12	96%	7
TK	TEEKAY CORP	$701.66M	N/A	0.00%	$0.0550	N/A	N/A	1
WHD	CACTUS INC	$4.03B	0.93%	18.50%	$0.1200	$0.47	17%	0	2024-05-28	2024-06-13
CHK	CHESAPEAKE ENERGY CORP	$11.36B	0.66%	21.90%	$0.5750	$0.58	11%	2
WMB	WILLIAMS COMPANIES INC	$47.05B	4.70%	68.60%	$0.4750	$1.82	76%	1	2024-06-07	2024-06-24
SLB	SCHLUMBERGER LIMITED	$68.12B	2.15%	33.60%	$0.2750	$1.03	42%	1	2024-06-05	2024-07-11
MUR	MURPHY OIL CORP	$6.74B	2.55%	31.10%	$0.3000	$1.13	49%	2	2024-05-17	2024-06-03
CHX	CHAMPIONX CORP	$6.38B	1.04%	18.60%	$0.0950	$0.35	19%	0
EGY	VAALCO ENERGY INC	$647.53M	3.99%	55.70%	$0.0625	$0.25	69%	0
VNOM	VIPER ENERGY INC	$6.65B	3.35%	46.30%	$0.5700	$1.26	60%	8	2024-05-14	2024-05-22
HP	HELMERICH & PAYNE INC	$3.80B	4.70%	51.60%	$0.4200	$1.81	76%	2	2024-05-16	2024-05-31
AMPY	AMPLIFY ENERGY CORP	$278.66M	N/A	0.00%	$0.1000	N/A	N/A	1
MPLX	MPLX LP	$41.79B	8.09%	83.80%	$0.8500	$3.33	90%	1		2024-05-13
NCSM	NCS MULTISTAGE HOLDINGS INC	$43.59M	N/A	0.00%	N/A	N/A	N/A	N/A
VIST	VISTA ENERGY SAB DE CV	$4.20B	N/A	0.00%	N/A	N/A	N/A	N/A
PDS	PRECISION DRILLING CORP	$1.02B	N/A	0.00%	$1.0702	N/A	N/A	0
KNTK	KINETIK HOLDINGS INC	$5.77B	7.86%	57.10%	$0.7500	$3.00	90%	0		2024-05-09
EQNR	EQUINOR ASA	$80.72B	4.38%	38.20%	$0.6000	$1.20	73%	5	2024-05-15	2024-05-28
MTDR	MATADOR RESOURCES CO	$7.90B	1.11%	9.50%	$0.2000	$0.70	20%	0	2024-05-16	2024-06-07
SGU	STAR GROUP LP	$401.28M	5.79%	83.50%	$0.1725	$0.66	83%	0		2024-05-08
EOG	EOG RESOURCES INC	$74.72B	3.82%	39.10%	$0.9100	$4.97	66%	8	2024-07-17	2024-07-31
NE	NOBLE CORP PLC	$6.47B	0.66%	8.60%	$0.3000	$0.30	11%	0
MRO	MARATHON OIL CORP	$14.86B	1.59%	17.40%	$0.1100	$0.42	32%	2	2024-05-14	2024-06-10
DINO	HF SINCLAIR CORP	$10.81B	3.40%	21.70%	$0.5000	$1.85	60%	2
NOV	NOV INC	$7.33B	1.08%	8.00%	$0.0500	$0.20	20%	1
EPSN	EPSILON ENERGY LTD	$119.21M	4.60%	80.60%	$0.0625	$0.25	75%	0
NGS	NATURAL GAS SERVICES GROUP INC	$278.47M	N/A	0.00%	N/A	N/A	N/A	N/A
TTE	TOTALENERGIES SE	$170.97B	4.49%	36.10%	$0.8097	$3.22	74%	6
BOOM	DMC GLOBAL INC	$272.56M	N/A	0.00%	$0.1250	N/A	N/A	1
PAA	PLAINS ALL AMERICAN PIPELINE LP	$12.26B	6.69%	80.00%	$0.3175	$1.17	87%	3		2024-05-15
CRC	CALIFORNIA RESOURCES CORP	$3.58B	0.55%	10.50%	$0.2830	$0.28	9%	0
VVV	VALVOLINE INC	$5.66B	N/A	0.00%	$0.1250	N/A	N/A	0
MARPS	MARINE PETROLEUM TRUST	$8.30M	10.05%	105.60%	$0.1016	$0.42	93%	16

Energy Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Oil & Gas Drilling	10	+2.95%	-2.60%	-11.01%	+14.66%	8.02x	0.97x	+6.49%	+4.93%	+7.74%	+35.70%	Buy
Oil & Gas E&P	83	+0.78%	-4.01%	-3.49%	+23.88%	16.09x	2.05x	+20.03%	+9.92%	+15.26%	+19.32%	Buy
Oil & Gas Equipment & Services	50	+1.48%	-2.19%	-5.74%	+32.38%	17.01x	2.62x	+20.58%	+8.14%	+14.68%	+21.84%	Strong Buy
Oil & Gas Integrated	16	+0.17%	-1.73%	-0.34%	+17.17%	11.49x	1.63x	+16.69%	+7.65%	+16.02%	+18.13%	Buy
Oil & Gas Midstream	48	+0.78%	-0.07%	-0.86%	+27.83%	14.40x	2.38x	+21.80%	+7.15%	+11.08%	+12.36%	Buy
Oil & Gas Refining & Marketing	21	-0.05%	-5.09%	-12.38%	+28.75%	9.59x	2.14x	+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.