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

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
SWN	SOUTHWESTERN ENERGY CO	United States	$7.81B	1,102,844,906	86.65%	1.72%	Net Selling	Net Selling
OBE	OBSIDIAN ENERGY LTD	Canada	$616.85M	77,300,000	13.50%	42.39%
VTS	VITESSE ENERGY INC	United States	$666.54M	29,453,975	51.56%	25.47%	Net Selling
GFR	GREENFIRE RESOURCES LTD	Canada	$397.44M	68,642,515	27.73%	0.00%
PBT	PERMIAN BASIN ROYALTY TRUST	United States	$545.32M	46,608,796	28.86%	0.00%
VIVK	VIVAKOR INC	United States	$35.19M	27,710,253	11.65%	72.43%	Net Buying	Net Buying
ACDC	PROFRAC HOLDING CORP	United States	$1.11B	159,594,192	12.73%	80.30%	Net Buying	Net Buying
KOS	KOSMOS ENERGY LTD	United States	$2.74B	471,502,543	53.94%	46.06%	Net Selling	Net Selling
CSAN	COSAN SA	Brazil	$5.42B	1,874,070,932	0.67%	0.00%
STR	SITIO ROYALTIES CORP	United States	$3.60B	157,392,399	43.49%	56.51%	Net Selling	Net Selling
AMTX	AEMETIS INC	United States	$175.12M	42,608,698	8.69%	91.31%	Net Selling
NBR	NABORS INDUSTRIES LTD	Bermuda	$708.17M	9,540,228	27.43%	72.57%	Net Selling
ICD	INDEPENDENCE CONTRACT DRILLING INC	United States	$26.78M	15,213,277	11.55%	88.45%
USEG	US ENERGY CORP	United States	$29.13M	25,327,950	1.03%	98.97%	Net Selling
IEP	ICAHN ENTERPRISES LP	United States	$7.44B	429,033,241	26.26%	73.74%	Net Buying	Net Buying
TPET	TRIO PETROLEUM CORP	United States	$13.81M	36,911,823	0.29%	14.12%	Net Selling	Net Selling
GLNG	GOLAR LNG LTD	Bermuda	$2.61B	104,578,080	66.03%	0.00%
VIK	VIKING HOLDINGS LTD	United States	N/A	431,455,024	0.00%	0.00%
EP	EMPIRE PETROLEUM CORP	United States	$146.82M	25,623,674	10.30%	89.70%	Net Buying	Net Buying
ENSV	ENSERVCO CORP	United States	$5.54M	26,879,643	2.88%	97.12%
GTE	GRAN TIERRA ENERGY INC	Canada	$270.71M	31,332,184	12.75%	87.25%	Net Selling	Net Selling
CEI	CAMBER ENERGY INC	United States	$25.32M	148,940,299	2.84%	25.88%
NINE	NINE ENERGY SERVICE INC	United States	$77.71M	35,324,861	33.22%	66.78%	Net Selling	Net Selling
SMLP	SUMMIT MIDSTREAM PARTNERS LP	United States	$354.34M	10,415,675	2.69%	97.31%	Net Selling	Net Selling
NGL	NGL ENERGY PARTNERS LP	United States	$783.15M	132,512,766	40.61%	31.17%	Net Buying	Net Buying
BROG	BROOGE ENERGY LTD	United Arab Emirates	$113.97M	109,587,754	7.03%	0.00%
SOC	SABLE OFFSHORE CORP	United States	$646.19M	60,166,269	5.79%	48.12%	Net Buying	Net Buying
NEXT	NEXTDECADE CORP	United States	$1.66B	256,708,470	32.49%	67.51%	Net Buying

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.