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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
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
GFR
GREENFIRE RESOURCES LTD
$6.09N/AN/A-3.33xN/A0.85x0.82xN/A$28.77M6.88%$511.03M7.45$624.32M13.54
TRSG
TUNGRAY TECHNOLOGIES INC
$7.25N/AN/A120.83xN/A7.57x7.21xN/A$407.77k0.37%$16.33M1.09$109.62M55.70
VTS
VITESSE ENERGY INC
$22.94N/AN/A-31.42xN/A2.90x1.24xN/A$21.28M3.14%$546.41M18.49$756.12M5.94
PBT
PERMIAN BASIN ROYALTY TRUST
$12.20N/AN/A20.33xN/A19.55x2,567.47xN/AN/AN/A$221.47k0.01$562.58MN/A
ACDC
PROFRAC HOLDING CORP
$8.23N/AN/A-10.04x1.54x0.41x1.08xN/A$292.70M27.17%$1.21B9.25$2.45B4.93
KOS
KOSMOS ENERGY LTD
$5.88N/AN/A12.78x3.92x1.59x2.69xN/A-$167.43M-6.19%$1.03B2.25$5.06B5.49
GEL
GENESIS ENERGY LP
$12.36$1.50726.04%56.18xN/A0.48x2.87x14.98x-$98.89M-6.53%$527.74M4.31$5.24B8.15
YPF
YPF SOCIEDAD ANONIMA
$21.17N/AN/A-6.32x16.41x0.48x0.93xN/A$255.00M3.06%$8.95B22.75$16.06B2.31
STR
SITIO ROYALTIES CORP
$23.86N/AN/A-119.30x9.70x3.27x2.34xN/A$430.25M22.19%$1.61B19.78$4.61B15.76
AMTX
AEMETIS INC
$3.94N/AN/A-3.23x4.86x0.80x-0.77xN/A-$19.29M-12.87%-$216.98M-5.70$462.12M-8.60
NBR
NABORS INDUSTRIES LTD
$77.20N/AN/A-14.06x3.53x0.23x2.24xN/A$111.14M15.72%$326.61M35.66$2.82B3.14
CSAN
COSAN SA
$11.43N/AN/AN/AN/A0.66x1.45xN/A$1.00B18.74%$3.70B7.91$15.27B4.72
USEG
US ENERGY CORP
$1.17N/AN/A-0.91xN/A0.92x0.64xN/A$8.30M28.03%$46.52M1.84$32.08M-1.55
TPET
TRIO PETROLEUM CORP
$0.37N/AN/A-1.31xN/AN/A1.50xN/A-$9.62M-82.61%$9.04M0.29$14.51M-2.03
VIVK
VIVAKOR INC
$1.35N/AN/A-2.41xN/A0.44x2.18xN/A-$4.09M-15.70%$17.20M0.89$70.09M-26.08
GLNG
GOLAR LNG LTD
$25.10N/AN/A-57.05x11.62x8.79x-1.27xN/A$132.68M5.06%-$2.07B-19.77$3.07B569.50
EP
EMPIRE PETROLEUM CORP
$4.96N/AN/A-9.02xN/A2.81x3.64xN/A-$27.43M-24.35%$34.96M1.54$125.98M-15.59
IEP
ICAHN ENTERPRISES LP
$17.25N/AN/A-9.86xN/A0.61x2.31xN/A$3.38B51.23%$3.21B8.40$12.13B25.39
GTE
GRAN TIERRA ENERGY INC
$8.37N/AN/A-44.05xN/A0.44x0.68xN/A$9.11M3.25%$396.39M11.84$762.90M1.99
ENSV
ENSERVCO CORP
$0.23N/AN/A-0.55xN/A0.21x-10.81xN/A-$466.00k-10.00%-$572.00k-0.03$15.41M-6.95
CEI
CAMBER ENERGY INC
$0.17N/AN/A-0.37xN/A0.38x1.77xN/A-$4.84M-39.53%$14.49M0.20$72.98M-2.52
NINE
NINE ENERGY SERVICE INC
$2.31N/AN/A-2.38x1.34x0.13x-2.29xN/A$22.35M29.09%-$35.63M-1.07$417.08M5.74
SMLP
SUMMIT MIDSTREAM PARTNERS LP
$28.99N/AN/A-4.74x-6.73x0.65x0.42xN/A$58.00M19.36%$718.56M69.53$1.76B8.09
NGL
NGL ENERGY PARTNERS LP
$5.76N/AN/A-9.60xN/A0.10x0.90xN/A$387.36M50.87%$844.94M6.39$3.55B6.05
BROG
BROOGE ENERGY LTD
$1.10N/AN/AN/AN/AN/A0.85xN/AN/AN/A$142.46M1.30$378.23MN/A
SOC
SABLE OFFSHORE CORP
$10.59N/AN/AN/AN/AN/A1.83xN/A-$55.49M-8.71%$348.64M5.80$637.16M-57.87
KGEI
KOLIBRI GLOBAL ENERGY INC
$3.14N/AN/AN/AN/AN/A0.68xN/AN/AN/A$165.31M4.64$136.64MN/A
NEXT
NEXTDECADE CORP
$6.40N/AN/A-6.81x-4.03xN/A5.71xN/A-$1.81B-145.44%$287.92M1.48$3.31B-19.70

Energy Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
10+2.06%+1.68%-1.42%+7.69%9.15x0.99x+6.35%+4.57%+7.69%+32.20%Buy
83+0.24%+2.36%+5.55%+24.65%15.54x2.17x+22.76%+11.20%+16.91%+12.89%Buy
50+1.39%+3.74%+2.65%+30.23%20.84x2.71x+20.74%+8.18%+14.61%+18.89%Buy
16-0.24%+2.10%+6.44%+12.48%11.33x1.67x+17.30%+7.99%+16.41%+17.62%Buy
48+0.28%+1.94%+2.90%+22.96%14.18x2.35x+28.16%+8.23%+12.25%+10.85%Buy
21-0.73%+0.96%-1.92%+26.43%8.74x2.25x+32.58%+10.18%+18.76%+10.36%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 64, which is 29 points higher than the energy sector average of 35. It passed 25 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 35.28% over the past year, overperforming other energy stocks by 12 percentage points.

Chord Energy has an average 1 year price target of $204.83, an upside of 10.37% from Chord Energy's current stock price of $185.58.

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 63, which is 28 points higher than the energy sector average of 35. It passed 24 out of 38 due diligence checks and has strong fundamentals. Patterson Uti Energy has seen its stock lose -3.43% over the past year, underperforming other energy stocks by -27 percentage points.

Patterson Uti Energy has an average 1 year price target of $15.75, an upside of 40% from Patterson Uti Energy's current stock price of $11.25.

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. Frontline (NYSE:FRO)


Frontline (NYSE:FRO) is the third best energy stock with a Zen Score of 62, which is 27 points higher than the energy sector average of 35. It passed 23 out of 38 due diligence checks and has strong fundamentals. Frontline has seen its stock return 56.48% over the past year, overperforming other energy stocks by 33 percentage points.

Frontline has an average 1 year price target of $26.10, an upside of 9.66% from Frontline's current stock price of $23.80.

Frontline stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Frontline, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% 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. 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 4.59%.

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 28.99%, which is 24 percentage points higher than the energy sector average of 4.59%. 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 26.19%, which is 22 percentage points higher than the energy sector average of 4.59%.

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 0.29% in the last day, and up 2.23% over the last week. Us Silica Holdings was the among the top gainers in the energy sector, gaining 21.67% yesterday.

U.S. Silica Holdings shares are trading higher after the company reported Q1 financial results and entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo.

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 100, which is 62 points higher than the energy sector average of 38. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 35.28% in the past year. It has overperformed other stocks in the energy sector by 12 percentage points.

2. Berry (NASDAQ:BRY)


Berry (NASDAQ:BRY) is the second most undervalued energy stock based on WallStreetZen's Valuation Score. Berry has a valuation score of 86, which is 48 points higher than the energy sector average of 38. It passed 6 out of 7 valuation due diligence checks.

Berry's stock has gained 18.91% in the past year. It has underperformed other stocks in the energy sector by -4 percentage points.

3. Highpeak Energy (NASDAQ:HPK)


Highpeak Energy (NASDAQ:HPK) is the third most undervalued energy stock based on WallStreetZen's Valuation Score. Highpeak Energy has a valuation score of 86, which is 48 points higher than the energy sector average of 38. It passed 6 out of 7 valuation due diligence checks.

Highpeak Energy's stock has dropped -21.05% in the past year. It has underperformed other stocks in the energy sector by -44 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 14.26% 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 13.16x.
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.