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	$410.48M	-17.70%	-11.60%	-0.58%	-0.50%	0.69	1.26	23.80%	-20.30%	-0.91%
TRSG	TUNGRAY TECHNOLOGIES INC	$101.56M	5.80%	3.50%	8.53%	16.60%	0.65	2.22	46.90%	6.40%	11.00%
OBE	OBSIDIAN ENERGY LTD	$601.39M	5.50%	4.00%	8.14%	7.40%	0.41	0.45	63.40%	13.30%	25.08%
VIVK	VIVAKOR INC	$31.59M	-68.90%	-14.40%	-21.19%	-13.90%	3.14	0.13	8.50%	-18.10%	-11.16%
CSAN	COSAN SA	$5.18B	5.70%	0.80%	10.27%	8.80%	4.24	1.77	27.70%	2.80%	32.19%
PBT	PERMIAN BASIN ROYALTY TRUST	$578.88M	14,547.50%	738.70%	N/A	14,547.50%	14.44	N/A	100.00%	96.00%	96.02%
IEP	ICAHN ENTERPRISES LP	$8.11B	-13.80%	-2.10%	N/A	0.80%	5.19	N/A	15.20%	-4.20%	1.96%
WTI	W&T OFFSHORE INC	$342.18M	-82.00%	-2.00%	3.09%	2.50%	53.26	1.08	46.30%	-4.00%	5.34%
ICD	INDEPENDENCE CONTRACT DRILLING INC	$24.34M	-24.10%	-11.60%	-3.32%	-2.30%	1.22	1.31	35.90%	-24.20%	-6.11%
NBR	NABORS INDUSTRIES LTD	$711.70M	-28.00%	-2.00%	4.14%	2.70%	11.78	1.78	41.30%	-3.20%	5.57%
AMPY	AMPLIFY ENERGY CORP	$246.78M	7.70%	3.90%	6.44%	5.50%	0.87	0.79	45.80%	9.30%	13.41%
STR	SITIO ROYALTIES CORP	$3.62B	-5.60%	-1.90%	-0.45%	-0.40%	0.74	3.37	100.00%	-15.50%	-3.54%
GLNG	GOLAR LNG LTD	$2.71B	N/A	-1.10%	-1.27%	-1.10%	-0.72	1.49	68.70%	-15.70%	-15.05%
VIK	VIKING HOLDINGS LTD	N/A	N/A	N/A	-31.79%	N/A	-2.59	0.54	39.50%	-39.50%	-27.88%
EP	EMPIRE PETROLEUM CORP	$181.67M	-54.40%	-16.80%	-17.17%	-19.60%	1.65	0.75	21.00%	-31.10%	-28.95%
TPET	TRIO PETROLEUM CORP	$13.29M	-76.40%	-65.80%	-75.77%	-78.60%	0.25	0.25	N/A	N/A	N/A
GTE	GRAN TIERRA ENERGY INC	$289.20M	0.80%	0.20%	14.21%	10.20%	2.58	0.65	67.70%	0.50%	25.02%
ENSV	ENSERVCO CORP	$5.75M	-415.40%	-53.50%	-167.72%	-41.30%	-25.25	0.57	10.40%	-38.60%	-29.23%
USEG	US ENERGY CORP	$29.08M	-72.70%	-43.70%	-67.74%	-45.40%	0.91	0.52	44.10%	-138.10%	-137.57%
CEI	CAMBER ENERGY INC	$29.01M	-738.10%	-62.80%	-75.40%	-109.90%	7.20	0.52	31.00%	-199.30%	-192.85%
TXO	TXO PARTNERS LP	$638.88M	-30.70%	-22.30%	-26.77%	-22.60%	0.48	1.36	29.40%	-61.30%	-59.90%
CRGY	CRESCENT ENERGY CO	$2.16B	-1.00%	-0.20%	2.40%	1.90%	1.65	0.75	54.70%	-0.70%	5.94%
NGL	NGL ENERGY PARTNERS LP	$759.30M	-9.90%	-1.40%	7.01%	5.50%	5.33	1.23	14.10%	-1.10%	4.06%
BROG	BROOGE ENERGY LTD	$112.33M	N/A	N/A	N/A	N/A	2.56	0.11	N/A	N/A	N/A
CLMT	CALUMET SPECIALTY PRODUCTS PARTNERS LP	$1.28B	N/A	-0.80%	11.14%	5.70%	-5.69	0.99	10.40%	-0.50%	5.12%
SOC	SABLE OFFSHORE CORP	$681.08M	N/A	-20.80%	-3.83%	-21.50%	1.05	1.23	N/A	N/A	N/A
NINE	NINE ENERGY SERVICE INC	$66.76M	N/A	-8.50%	5.60%	3.00%	-9.78	2.27	18.50%	-5.80%	2.92%
NEXT	NEXTDECADE CORP	$1.75B	-38.00%	-4.50%	1.86%	1.90%	5.85	0.56	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	-2.62%	+1.26%	-7.82%	+13.77%	8.61x	0.99x	+5.89%	+4.53%	+7.70%	+39.80%	Buy
Oil & Gas E&P	83	-1.00%	+2.27%	-2.66%	+25.94%	14.04x	2.05x	+20.01%	+9.85%	+15.19%	+16.92%	Buy
Oil & Gas Equipment & Services	50	-1.96%	+1.63%	-3.00%	+30.61%	20.12x	2.65x	+20.03%	+8.12%	+14.58%	+20.19%	Strong Buy
Oil & Gas Integrated	16	-0.20%	+2.34%	+0.22%	+17.42%	12.02x	1.66x	+16.14%	+7.51%	+15.80%	+15.89%	Buy
Oil & Gas Midstream	48	-0.26%	+2.75%	+4.38%	+29.16%	15.01x	2.42x	+24.08%	+7.18%	+10.97%	+9.90%	Buy
Oil & Gas Refining & Marketing	21	-1.65%	-1.05%	-10.29%	+26.36%	8.78x	2.14x	+26.18%	+8.20%	+15.88%	+17.30%	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 60, which is 27 points higher than the energy sector average of 33. It passed 23 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 26.89% over the past year, overperforming other energy stocks by 1 percentage points.

Chord Energy has an average 1 year price target of $208.17, an upside of 15.98% from Chord Energy's current stock price of $179.49.

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. Frontline (NYSE:FRO)

Frontline (NYSE:FRO) is the second best energy stock with a Zen Score of 59, which is 26 points higher than the energy sector average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Frontline has seen its stock return 75.54% over the past year, overperforming other energy stocks by 50 percentage points.

Frontline has an average 1 year price target of $26.10, a downside of -0.34% from Frontline's current stock price of $26.19.

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.

3. Propetro Holding (NYSE:PUMP)

Propetro Holding (NYSE:PUMP) is the third best energy stock with a Zen Score of 58, which is 25 points higher than the energy sector average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Propetro Holding has seen its stock return 38.12% over the past year, overperforming other energy stocks by 12 percentage points.

Propetro Holding has an average 1 year price target of $12.00, an upside of 29.87% from Propetro Holding's current stock price of $9.24.

Propetro Holding stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Propetro Holding, 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.

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 4.73%.

Mexco Energy's dividend payout ratio of 10.8% indicates that its dividend yield is sustainable for the long-term.

2. Sandridge Energy (NYSE:SD)

Sandridge Energy (NYSE:SD) has an annual dividend yield of 28.14%, which is 23 percentage points higher than the energy sector average of 4.73%.

Sandridge Energy's dividend payout ratio of 290.8% indicates that its high dividend yield might not be sustainable for the long-term.

3. Icahn Enterprises (NASDAQ:IEP)

Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 27.81%, which is 23 percentage points higher than the energy sector average of 4.73%. 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 -454.5% indicates that its high dividend yield might not be sustainable for the long-term.

Why are energy stocks down?

Energy stocks were down -1.05% in the last day, and up 1.84% over the last week. Geospace Technologies was the among the top losers in the energy sector, dropping -23.4% yesterday.

Geospace Technologies shares are trading lower after the company reported a year-over-year decrease in Q2 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 64 points higher than the energy sector average of 36. It passed 7 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 12.12% 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 64 points higher than the energy sector average of 36. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 26.89% in the past year. It has overperformed other stocks in the energy sector by 1 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 50 points higher than the energy sector average of 36. It passed 6 out of 7 valuation due diligence checks.

Patterson Uti Energy's stock has gained 6.24% in the past year. It has underperformed other stocks in the energy sector by -19 percentage points.

Are energy stocks a good buy now?

51.27% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 17.01% 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 13.23x.

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.