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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
TRSG
TUNGRAY TECHNOLOGIES INC
$106.76M5.80%3.50%8.53%16.60%0.652.2246.90%6.40%11.00%
GFR
GREENFIRE RESOURCES LTD
$401.56M-17.70%-11.60%-0.58%-0.50%0.691.2623.80%-20.30%-0.91%
OBE
OBSIDIAN ENERGY LTD
$616.08M5.50%4.00%8.14%7.40%0.410.4563.40%13.30%25.08%
SWN
SOUTHWESTERN ENERGY CO
$7.96B-32.90%-15.90%-28.22%-16.40%1.380.6228.00%-32.90%-40.59%
VTS
VITESSE ENERGY INC
$658.30M-3.90%-3.00%6.47%6.30%0.400.9773.90%-9.20%19.51%
KOS
KOSMOS ENERGY LTD
$2.70B22.40%4.40%10.67%7.20%3.780.7677.10%12.50%27.48%
ACDC
PROFRAC HOLDING CORP
$1.10B-11.10%-3.20%2.41%1.80%1.440.9835.20%-4.10%2.22%
VIVK
VIVAKOR INC
$34.08M-68.90%-14.40%-21.19%-13.90%3.140.138.50%-18.10%-11.16%
CSAN
COSAN SA
$5.31B5.70%0.80%10.27%8.80%4.241.7727.70%2.80%32.19%
PBT
PERMIAN BASIN ROYALTY TRUST
$539.26M13,651.80%758.30%N/A13,651.80%27.32N/A100.00%96.20%96.16%
STR
SITIO ROYALTIES CORP
$3.61B-4.70%-1.50%0.03%0.00%0.724.85100.00%-13.10%0.21%
AMTX
AEMETIS INC
$165.96MN/A-19.70%-38.13%-14.80%-2.120.431.10%-24.90%-32.48%
ICD
INDEPENDENCE CONTRACT DRILLING INC
$27.54M-24.10%-11.60%-3.32%-2.30%1.221.3135.90%-24.20%-6.11%
NBR
NABORS INDUSTRIES LTD
$666.45M-3.20%-0.20%6.22%4.10%12.241.3641.30%-0.40%8.29%
USEG
US ENERGY CORP
$29.25M-49.00%-31.10%-46.32%-31.40%0.730.7644.60%-100.10%-99.43%
IEP
ICAHN ENTERPRISES LP
$7.44B-20.40%-2.90%N/A-0.10%4.61N/A14.00%-6.20%-0.37%
EP
EMPIRE PETROLEUM CORP
$146.57M-54.40%-16.80%-17.17%-19.60%1.650.7521.00%-31.10%-28.95%
VIK
VIKING HOLDINGS LTD
N/AN/AN/A-31.79%N/A-2.590.5439.50%-39.50%-27.88%
GLNG
GOLAR LNG LTD
$2.61BN/A-1.10%-1.27%-1.10%-0.721.4968.70%-15.70%-15.05%
TPET
TRIO PETROLEUM CORP
$13.18M-76.40%-65.80%-75.77%-78.60%0.250.25N/AN/AN/A
ENSV
ENSERVCO CORP
$5.91M-415.40%-53.50%-167.72%-41.30%-25.250.5710.40%-38.60%-29.23%
GTE
GRAN TIERRA ENERGY INC
$272.59M0.80%0.20%14.21%10.20%2.580.6567.70%0.50%25.02%
NINE
NINE ENERGY SERVICE INC
$74.89MN/A-7.80%6.11%3.30%-12.282.2219.50%-5.30%3.20%
CEI
CAMBER ENERGY INC
$26.51MN/A-48.90%-44.69%-65.30%5.340.6231.40%-101.90%-97.47%
SMLP
SUMMIT MIDSTREAM PARTNERS LP
$293.31M-8.60%-2.50%3.80%2.50%2.300.7353.50%-13.70%19.52%
NGL
NGL ENERGY PARTNERS LP
$776.52M-9.90%-1.40%7.01%5.50%5.331.2314.10%-1.10%4.06%
SOC
SABLE OFFSHORE CORP
$630.54MN/A-20.80%-3.83%-21.50%1.051.23N/AN/AN/A
BROG
BROOGE ENERGY LTD
$114.52MN/AN/AN/AN/A2.560.11N/AN/AN/A
KGEI
KOLIBRI GLOBAL ENERGY INC
$112.56MN/AN/AN/AN/A0.280.35N/AN/AN/A
NEXT
NEXTDECADE CORP
$1.67B-91.10%-10.60%-6.18%-8.20%8.970.57N/AN/AN/A

Energy Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
10+0.49%-3.44%-10.45%+9.74%7.64x0.94x+7.18%+5.00%+7.81%+39.79%Buy
83+0.47%-4.14%-2.80%+21.87%15.67x2.08x+20.19%+10.23%+15.59%+18.77%Buy
50+2.03%-2.26%-5.32%+29.08%16.87x2.60x+20.57%+8.13%+14.69%+24.05%Strong Buy
16+0.96%-2.14%+0.51%+15.25%11.48x1.63x+16.75%+7.68%+16.02%+18.18%Buy
49+1.79%-0.60%-0.53%+25.04%14.16x2.37x+27.14%+8.14%+12.17%+12.46%Buy
21+1.14%-5.74%-11.04%+24.89%9.57x2.14x+29.71%+9.11%+17.11%+16.67%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 28.38% over the past year, overperforming other energy stocks by 6 percentage points.

Chord Energy has an average 1 year price target of $208.17, an upside of 18.76% from Chord Energy's current stock price of $175.29.

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 42.81% over the past year, overperforming other energy stocks by 20 percentage points.

International Seaways has an average 1 year price target of $65.00, an upside of 16.61% from International Seaways's current stock price of $55.74.

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 0.47% over the past year, underperforming other energy stocks by -22 percentage points.

Patterson Uti Energy has an average 1 year price target of $15.75, an upside of 48.73% from Patterson Uti Energy's current stock price of $10.59.

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 119 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 4.81%.

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 28.84%, which is 24 percentage points higher than the energy sector average of 4.81%. 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 28.01%, which is 23 percentage points higher than the energy sector average of 4.81%.

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 1.05% in the last day, and down -3.22% over the last week. Dmc Global was the among the top gainers in the energy sector, gaining 4.39% yesterday.

DMC Global shares are trading lower after the company reported better-than-expected Q1 2024 adjusted EPS but missed sales estimates.

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 8.34% in the past year. It has underperformed other stocks in the energy sector by -14 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 28.38% in the past year. It has overperformed other stocks in the energy sector by 6 percentage points.

3. Patterson Uti Energy (NASDAQ:PTEN)


Patterson Uti Energy (NASDAQ:PTEN) is the third most undervalued energy stock based on WallStreetZen's Valuation Score. Patterson Uti Energy has a valuation score of 86, which is 49 points higher than the energy sector average of 37. It passed 6 out of 7 valuation due diligence checks.

Patterson Uti Energy's stock has gained 0.47% in the past year. It has underperformed other stocks in the energy sector by -22 percentage points.

Are energy stocks a good buy now?

49.69% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 18.85% 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 13.07x.
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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.