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	$8.01B	1,102,844,906	86.65%	1.72%	Net Selling	Net Selling
OBE	OBSIDIAN ENERGY LTD	Canada	$611.44M	77,300,000	13.50%	42.39%
GFR	GREENFIRE RESOURCES LTD	Canada	$402.93M	68,642,515	27.73%	0.00%
ACDC	PROFRAC HOLDING CORP	United States	$1.13B	159,594,192	12.73%	80.30%	Net Buying	Net Buying
VIVK	VIVAKOR INC	United States	$32.56M	27,710,253	11.65%	72.43%	Net Buying	Net Buying
PBT	PERMIAN BASIN ROYALTY TRUST	United States	$575.62M	46,608,796	28.86%	0.00%
CSAN	COSAN SA	Brazil	$5.39B	1,874,070,932	0.67%	0.00%
AMTX	AEMETIS INC	United States	$176.40M	42,608,698	8.69%	91.31%	Net Selling
IEP	ICAHN ENTERPRISES LP	United States	$8.37B	451,194,040	26.26%	73.74%	Net Buying	Net Buying
NBR	NABORS INDUSTRIES LTD	Bermuda	$699.11M	9,540,228	27.43%	72.57%	Net Selling
AMPY	AMPLIFY ENERGY CORP	United States	$283.62M	39,612,030	14.23%	85.77%	Net Selling	Net Selling
ICD	INDEPENDENCE CONTRACT DRILLING INC	United States	$25.25M	15,213,277	11.55%	88.45%
USEG	US ENERGY CORP	United States	$29.63M	25,327,950	1.03%	98.97%	Net Selling
STR	SITIO ROYALTIES CORP	United States	$3.57B	154,522,708	43.49%	56.51%	Net Selling	Net Selling
TPET	TRIO PETROLEUM CORP	United States	$12.92M	36,911,823	0.29%	14.12%	Net Selling	Net Selling
EP	EMPIRE PETROLEUM CORP	United States	$179.37M	25,623,674	10.30%	89.70%	Net Buying	Net Buying
GLNG	GOLAR LNG LTD	Bermuda	$2.71B	104,578,080	66.03%	0.00%
VIK	VIKING HOLDINGS LTD	United States	N/A	431,455,024	0.00%	0.00%
GTE	GRAN TIERRA ENERGY INC	Canada	$290.45M	31,332,184	12.75%	87.25%	Net Selling	Net Selling
ENSV	ENSERVCO CORP	United States	$5.64M	26,879,643	2.88%	97.12%
CEI	CAMBER ENERGY INC	United States	$25.17M	148,940,299	2.84%	25.88%
TXO	TXO PARTNERS LP	United States	$588.45M	30,938,332	5.96%	94.04%	Net Selling	Net Selling
CRGY	CRESCENT ENERGY CO	United States	$2.19B	177,464,725	32.61%	27.55%	Net Selling	Net Selling
NGL	NGL ENERGY PARTNERS LP	United States	$785.80M	132,512,766	40.61%	31.17%	Net Buying	Net Buying
SOC	SABLE OFFSHORE CORP	United States	$635.36M	60,166,269	5.79%	48.12%	Net Buying	Net Buying
BROG	BROOGE ENERGY LTD	United Arab Emirates	$112.88M	109,587,754	7.03%	0.00%
NINE	NINE ENERGY SERVICE INC	United States	$71.00M	35,324,861	33.23%	66.77%	Net Selling	Net Selling
NEXT	NEXTDECADE CORP	United States	$1.69B	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	-0.06%	+5.16%	-9.00%	+11.25%	8.46x	0.99x	+5.93%	+4.55%	+7.72%	+39.13%	Buy
Oil & Gas E&P	83	-0.44%	+2.45%	-2.53%	+22.66%	16.42x	2.05x	+20.05%	+9.87%	+15.20%	+18.05%	Buy
Oil & Gas Equipment & Services	50	+0.12%	+5.53%	-2.95%	+31.39%	20.33x	2.63x	+20.08%	+8.16%	+14.61%	+19.34%	Strong Buy
Oil & Gas Integrated	16	+0.10%	+2.27%	-0.39%	+15.04%	11.82x	1.64x	+16.15%	+7.51%	+15.82%	+16.94%	Buy
Oil & Gas Midstream	48	+1.06%	+4.50%	+2.55%	+28.86%	14.64x	2.41x	+22.81%	+7.23%	+11.11%	+10.77%	Buy
Oil & Gas Refining & Marketing	21	+0.51%	+1.45%	-11.53%	+29.12%	8.44x	2.17x	+29.11%	+8.97%	+16.86%	+16.04%	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 27.41% over the past year, overperforming other energy stocks by 3 percentage points.

Chord Energy has an average 1 year price target of $208.17, an upside of 15.51% from Chord Energy's current stock price of $180.22.

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 25 points higher than the energy sector average of 34. It passed 22 out of 38 due diligence checks and has strong fundamentals. Frontline has seen its stock return 75.21% over the past year, overperforming other energy stocks by 51 percentage points.

Frontline has an average 1 year price target of $26.10, an upside of 3.16% from Frontline's current stock price of $25.30.

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 24 points higher than the energy sector average of 34. It passed 18 out of 33 due diligence checks and has strong fundamentals. Propetro Holding has seen its stock return 41.77% over the past year, overperforming other energy stocks by 17 percentage points.

Propetro Holding has an average 1 year price target of $12.00, an upside of 26.72% from Propetro Holding's current stock price of $9.47.

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 4.66%.

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 28.45%, which is 24 percentage points higher than the energy sector average of 4.66%.

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 26.94%, which is 22 percentage points higher than the energy sector average of 4.66%. 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 up?

Energy stocks were up 0.11% in the last day, and up 3.22% over the last week. International Seaways was the among the top gainers in the energy sector, gaining 8.19% yesterday.

International Seaways shares trading higher following 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. 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 12.83% in the past year. It has underperformed other stocks in the energy sector by -11 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 27.41% in the past year. It has overperformed other stocks in the energy sector by 3 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 1.99% in the past year. It has underperformed other stocks in the energy sector by -22 percentage points.

Are energy stocks a good buy now?

50.96% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 17.46% 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 13.58x.

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.