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 Ownership Technicals

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
GFR	GREENFIRE RESOURCES LTD	$424.90M	-17.70%	-11.60%	-0.58%	-0.50%	0.69	1.26	23.80%	-20.30%	-0.91%
AR	ANTERO RESOURCES CORP	$8.89B	3.50%	1.80%	3.59%	2.60%	0.92	0.33	37.60%	5.20%	9.33%
STR	SITIO ROYALTIES CORP	$3.78B	-4.70%	-1.50%	0.03%	0.00%	0.72	4.85	100.00%	-13.10%	0.21%
VTS	VITESSE ENERGY INC	$677.44M	-3.90%	-3.00%	6.47%	6.30%	0.40	0.97	73.90%	-9.20%	19.51%
TGS	GAS TRANSPORTER OF THE SOUTH INC	$2.40B	16.70%	10.40%	27.70%	30.10%	0.54	3.65	41.60%	19.60%	65.82%
PBT	PERMIAN BASIN ROYALTY TRUST	$566.30M	13,651.80%	758.30%	N/A	13,651.80%	27.32	N/A	100.00%	96.20%	96.16%
ACDC	PROFRAC HOLDING CORP	$1.29B	-11.10%	-3.20%	2.41%	1.80%	1.44	0.98	35.20%	-4.10%	2.22%
VIVK	VIVAKOR INC	$29.65M	-68.90%	-14.40%	-21.19%	-13.90%	3.14	0.13	8.50%	-18.10%	-11.16%
DK	DELEK US HOLDINGS INC	$1.90B	2.10%	0.30%	7.65%	5.50%	7.35	0.99	4.20%	0.10%	2.03%
TRSG	TUNGRAY TECHNOLOGIES INC	N/A	10.70%	6.00%	9.84%	18.40%	0.72	2.09	54.00%	11.60%	13.04%
BROG	BROOGE ENERGY LTD	$122.74M	N/A	N/A	N/A	N/A	2.56	0.11	N/A	N/A	N/A
AMTX	AEMETIS INC	$161.49M	N/A	-19.70%	-38.13%	-14.80%	-2.12	0.43	1.10%	-24.90%	-32.48%
MMLP	MARTIN MIDSTREAM PARTNERS LP	$105.69M	N/A	-0.90%	15.08%	6.90%	-8.88	1.14	51.20%	-0.60%	7.73%
NBR	NABORS INDUSTRIES LTD	$724.90M	-3.20%	-0.20%	6.22%	4.10%	12.24	1.36	41.30%	-0.40%	8.29%
CSAN	COSAN SA	$5.19B	-2.40%	-0.30%	10.64%	9.00%	4.88	1.62	26.70%	-1.10%	31.55%
USEG	US ENERGY CORP	$32.67M	-49.00%	-31.10%	-46.32%	-31.40%	0.73	0.76	44.60%	-100.10%	-99.43%
TPET	TRIO PETROLEUM CORP	$14.69M	-76.40%	-65.80%	-75.77%	-78.60%	0.25	0.25	N/A	N/A	N/A
EP	EMPIRE PETROLEUM CORP	$134.78M	-54.40%	-16.80%	-17.17%	-19.60%	1.65	0.75	21.00%	-31.10%	-28.95%
GLNG	GOLAR LNG LTD	$2.63B	N/A	-1.10%	-1.27%	-1.10%	-0.72	1.49	68.70%	-15.70%	-15.05%
ENSV	ENSERVCO CORP	$7.55M	-415.40%	-53.50%	-167.72%	-41.30%	-25.25	0.57	10.40%	-38.60%	-29.23%
GTE	GRAN TIERRA ENERGY INC	$263.45M	-1.60%	-0.50%	15.19%	10.30%	2.35	0.43	68.40%	-1.00%	25.43%
CEI	CAMBER ENERGY INC	$24.72M	N/A	-48.90%	-44.69%	-65.30%	5.34	0.62	31.40%	-101.90%	-97.47%
NINE	NINE ENERGY SERVICE INC	$96.08M	N/A	-7.80%	6.11%	3.30%	-12.28	2.22	19.50%	-5.30%	3.20%
NGL	NGL ENERGY PARTNERS LP	$761.95M	-9.90%	-1.40%	7.01%	5.50%	5.33	1.23	14.10%	-1.10%	4.06%
SMLP	SUMMIT MIDSTREAM PARTNERS LP	$289.14M	-8.60%	-2.50%	3.80%	2.50%	2.30	0.73	53.50%	-13.70%	19.52%
SOC	SABLE OFFSHORE CORP	$625.13M	N/A	-20.80%	-3.83%	-21.50%	1.05	1.23	N/A	N/A	N/A
KGEI	KOLIBRI GLOBAL ENERGY INC	$114.34M	N/A	N/A	N/A	N/A	0.28	0.35	N/A	N/A	N/A
NEXT	NEXTDECADE CORP	$1.57B	-91.10%	-10.60%	-6.18%	-8.20%	8.97	0.57	N/A	N/A	N/A

Energy Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Oil & Gas Drilling	10	+0.58%	-3.97%	-5.15%	-1.31%	9.11x	0.99x	+7.05%	+4.99%	+8.23%	+37.12%	Buy
Oil & Gas E&P	83	+0.84%	-2.42%	+3.37%	+16.00%	13.21x	2.13x	+23.28%	+11.45%	+17.25%	+14.53%	Buy
Oil & Gas Equipment & Services	49	+1.04%	-3.26%	-0.78%	+18.41%	27.35x	2.71x	+20.96%	+8.20%	+14.47%	+22.22%	Buy
Oil & Gas Integrated	16	+1.55%	-0.57%	+4.74%	+7.56%	11.16x	1.65x	+17.49%	+8.07%	+16.48%	+19.78%	Buy
Oil & Gas Midstream	48	+1.43%	+0.18%	+1.44%	+16.79%	13.84x	2.32x	+28.08%	+8.16%	+12.16%	+12.49%	Buy
Oil & Gas Refining & Marketing	21	+0.93%	-4.24%	-3.02%	+20.28%	8.56x	2.20x	+34.32%	+10.93%	+20.26%	+11.21%	Buy

Energy Stocks FAQ

What are the best energy stocks to buy right now in Apr 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 61, which is 26 points higher than the energy sector average of 35. It passed 24 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 25.26% over the past year, overperforming other energy stocks by 10 percentage points.

Chord Energy has an average 1 year price target of $204.83, an upside of 13.8% from Chord Energy's current stock price of $180.00.

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. Patterson Uti Energy (NASDAQ:PTEN)

Patterson Uti Energy (NASDAQ:PTEN) is the second best energy stock with a Zen Score of 61, which is 26 points higher than the energy sector average of 35. It passed 23 out of 38 due diligence checks and has strong fundamentals. Patterson Uti Energy has seen its stock lose -5.81% over the past year, underperforming other energy stocks by -21 percentage points.

Patterson Uti Energy has an average 1 year price target of $15.75, an upside of 36.84% from Patterson Uti Energy's current stock price of $11.51.

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.

3. Euronav Nv (NYSE:EURN)

Euronav Nv (NYSE:EURN) is the third best energy stock with a Zen Score of 60, which is 25 points higher than the energy sector average of 35. It passed 22 out of 38 due diligence checks and has strong fundamentals. Euronav Nv has seen its stock lose -7.47% over the past year, underperforming other energy stocks by -23 percentage points.

Euronav Nv has an average 1 year price target of $19.14, an upside of 17.06% from Euronav Nv's current stock price of $16.35.

Euronav Nv stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Euronav Nv, 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 energy stocks with highest dividends?

Out of 120 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 29.41%, which is 25 percentage points higher than the energy sector average of 4.78%. 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.

2. Ecopetrol Sa (NYSE:EC)

Ecopetrol Sa (NYSE:EC) has an annual dividend yield of 28.52%, which is 24 percentage points higher than the energy sector average of 4.78%. Ecopetrol Sa's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Ecopetrol Sa's dividend has not shown consistent growth over the last 10 years.

Ecopetrol Sa's dividend payout ratio of 125.1% 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 26.22%, which is 21 percentage points higher than the energy sector average of 4.78%.

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 1.04% in the last day, and down -2.17% over the last week. Kinder Morgan was the among the top gainers in the energy sector, gaining 3.46% yesterday.

Kinder Morgan shares are trading higher. The company onWednesday reported Q1 earnings and increased its quarterly dividend.

What are the most undervalued energy stocks?

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

1. Profire Energy (NASDAQ:PFIE)

Profire Energy (NASDAQ:PFIE) is the most undervalued energy stock based on WallStreetZen's Valuation Score. Profire Energy has a valuation score of 100, which is 61 points higher than the energy sector average of 39. It passed 7 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 51.72% in the past year. It has overperformed other stocks in the energy sector by 36 percentage points.

2. Highpeak Energy (NASDAQ:HPK)

Highpeak Energy (NASDAQ:HPK) is the second most undervalued energy stock based on WallStreetZen's Valuation Score. Highpeak Energy has a valuation score of 86, which is 47 points higher than the energy sector average of 39. It passed 6 out of 7 valuation due diligence checks.

Highpeak Energy's stock has dropped -33.8% in the past year. It has underperformed other stocks in the energy sector by -49 percentage points.

3. Chord Energy (NASDAQ:CHRD)

Chord Energy (NASDAQ:CHRD) is the third most undervalued energy stock based on WallStreetZen's Valuation Score. Chord Energy has a valuation score of 86, which is 47 points higher than the energy sector average of 39. It passed 6 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 25.26% in the past year. It has overperformed other stocks in the energy sector by 10 percentage points.

Are energy stocks a good buy now?

48.73% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 16.19% 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 12.87x.

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.