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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
AM	ANTERO MIDSTREAM CORP	NYSE	Oil & Gas Midstream	$6.69B	$13.94	-0.43%	$853.38M	18.10x	1.67
TGS	GAS TRANSPORTER OF THE SOUTH INC	NYSE	Oil & Gas Integrated	$2.49B	$16.57	-2.47%	$587.84M	16.79x	0.54
VTS	VITESSE ENERGY INC	NYSE	Oil & Gas E&P	$678.03M	$23.02	0.09%	$127.39M	-31.53x	0.40
AR	ANTERO RESOURCES CORP	NYSE	Oil & Gas E&P	$9.42B	$31.02	2.14%	$1.13B	38.30x	0.92
GFR	GREENFIRE RESOURCES LTD	NYSE	Oil & Gas E&P	$411.17M	$5.99	8.71%	$46.12M	-3.27x	0.69
KOS	KOSMOS ENERGY LTD	NYSE	Oil & Gas E&P	$2.75B	$5.83	-0.68%	$922.49M	12.67x	3.78
ACDC	PROFRAC HOLDING CORP	NASDAQ	Oil & Gas Equipment & Services	$1.32B	$8.25	2.61%	$496.80M	-10.06x	1.44
PBT	PERMIAN BASIN ROYALTY TRUST	NYSE	Oil & Gas Midstream	$582.61M	$12.50	6.38%	N/A	20.83x	27.32
STR	SITIO ROYALTIES CORP	NYSE	Oil & Gas E&P	$3.79B	$24.11	0.17%	$292.60M	-120.55x	0.72
AMTX	AEMETIS INC	NASDAQ	Oil & Gas Refining & Marketing	$166.17M	$3.90	7.59%	-$53.70M	-3.20x	-2.12
TRSG	TUNGRAY TECHNOLOGIES INC	NASDAQ	Oil & Gas Equipment & Services	N/A	$5.75	-22.36%	$2.02M	57.45x	0.72
NBR	NABORS INDUSTRIES LTD	NYSE	Oil & Gas Drilling	$763.92M	$80.65	6.12%	$898.01M	-14.69x	12.24
CSAN	COSAN SA	NYSE	Oil & Gas Refining & Marketing	$5.27B	$11.25	0.09%	$3.24B	N/A	4.88
USEG	US ENERGY CORP	NASDAQ	Oil & Gas E&P	$30.90M	$1.22	-2.40%	-$20.72M	-0.95x	0.73
TPET	TRIO PETROLEUM CORP	NYSEMKT	Oil & Gas E&P	$13.29M	$0.36	-4.51%	-$7.13M	-1.29x	0.25
VIVK	VIVAKOR INC	NASDAQ	Oil & Gas E&P	$41.01M	$1.48	3.50%	-$2.69M	-2.64x	3.14
EP	EMPIRE PETROLEUM CORP	NYSEMKT	Oil & Gas E&P	$139.65M	$5.45	2.25%	-$8.08M	-9.91x	1.65
GLNG	GOLAR LNG LTD	NASDAQ	Oil & Gas Midstream	$2.67B	$25.54	0.99%	$5.39M	-58.05x	-0.72
GTE	GRAN TIERRA ENERGY INC	NYSEMKT	Oil & Gas E&P	$262.81M	$8.15	1.62%	$382.52M	-42.89x	2.35
ENSV	ENSERVCO CORP	NYSEMKT	Oil & Gas Equipment & Services	$7.34M	$0.27	4.20%	-$2.22M	-0.65x	-25.25
CEI	CAMBER ENERGY INC	NYSEMKT	Oil & Gas E&P	$26.21M	$0.18	2.33%	-$28.92M	-0.38x	5.34
NINE	NINE ENERGY SERVICE INC	NYSE	Oil & Gas Equipment & Services	$85.49M	$2.42	0.00%	$72.67M	-2.49x	-12.28
NGL	NGL ENERGY PARTNERS LP	NYSE	Oil & Gas Midstream	$776.52M	$5.86	1.56%	$586.32M	-9.77x	5.33
SMLP	SUMMIT MIDSTREAM PARTNERS LP	NYSE	Oil & Gas Midstream	$291.43M	$27.98	1.78%	$217.05M	-4.58x	2.30
BROG	BROOGE ENERGY LTD	NASDAQ	Oil & Gas Midstream	$117.26M	$1.07	-3.60%	N/A	N/A	2.56
SOC	SABLE OFFSHORE CORP	NYSE	Oil & Gas E&P	$638.97M	$10.62	0.76%	-$11.01M	N/A	1.05
KGEI	KOLIBRI GLOBAL ENERGY INC	NASDAQ	Oil & Gas E&P	$114.70M	$3.22	-1.23%	N/A	N/A	0.28
NEXT	NEXTDECADE CORP	NASDAQ	Oil & Gas E&P	$1.62B	$6.33	2.10%	-$168.21M	-6.73x	8.97

Energy Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Oil & Gas Drilling	10	+3.39%	+2.25%	-1.70%	+0.93%	9.18x	1.01x	+6.94%	+4.92%	+8.18%	+33.17%	Buy
Oil & Gas E&P	83	+0.67%	+0.86%	+3.01%	+17.84%	13.45x	2.15x	+23.11%	+11.39%	+17.17%	+14.04%	Buy
Oil & Gas Equipment & Services	50	+1.71%	+1.40%	-0.29%	+21.42%	27.73x	2.73x	+20.95%	+8.18%	+14.43%	+19.57%	Buy
Oil & Gas Integrated	16	+0.43%	+2.76%	+5.00%	+8.68%	11.30x	1.67x	+17.50%	+8.07%	+16.46%	+18.00%	Buy
Oil & Gas Midstream	48	+0.59%	+2.44%	+1.17%	+17.18%	14.02x	2.33x	+28.58%	+8.13%	+12.10%	+11.70%	Buy
Oil & Gas Refining & Marketing	21	+1.14%	+0.68%	-1.84%	+24.19%	8.64x	2.29x	+34.01%	+10.84%	+19.88%	+8.89%	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. International Seaways (NYSE:INSW)

International Seaways (NYSE:INSW) 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 22 out of 38 due diligence checks and has strong fundamentals. International Seaways has seen its stock return 26.97% over the past year, overperforming other energy stocks by 10 percentage points.

International Seaways has an average 1 year price target of $65.00, an upside of 20.57% from International Seaways's current stock price of $53.91.

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.

2. Chord Energy (NASDAQ:CHRD)

Chord Energy (NASDAQ:CHRD) 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 24 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 27.08% 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 11.86% from Chord Energy's current stock price of $183.12.

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.

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 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 -6.98% over the past year, underperforming other energy stocks by -24 percentage points.

Patterson Uti Energy has an average 1 year price target of $15.75, an upside of 35.78% from Patterson Uti Energy's current stock price of $11.60.

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 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 4.7%. 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 27.99%, which is 23 percentage points higher than the energy sector average of 4.7%. 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 25.83%, which is 21 percentage points higher than the energy sector average of 4.7%.

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 0.93% in the last day, and up 1.43% over the last week. Weatherford International was the among the top gainers in the energy sector, gaining 2.6% yesterday.

Weatherford International shares are trading higher after the company reported better-than-expected 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. Chord Energy (NASDAQ:CHRD)

Chord Energy (NASDAQ:CHRD) is the 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 27.08% in the past year. It has overperformed other stocks in the energy sector by 10 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 -28.22% in the past year. It has underperformed other stocks in the energy sector by -45 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 86, which is 47 points higher than the energy sector average of 39. It passed 6 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 57.14% in the past year. It has overperformed other stocks in the energy sector by 40 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 14.89% 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 13.04x.

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.