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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
PTEN
PATTERSON UTI ENERGY INC
$4.87B7.50%4.70%5.66%8.50%0.541.4133.20%5.90%8.69%
CHRD
CHORD ENERGY CORP
$7.39B20.90%15.20%23.74%24.50%0.361.2252.30%26.30%35.10%
EURN
EURONAV NV
$3.36B38.60%22.20%34.69%22.60%0.441.9476.90%52.80%63.70%
PFIE
PROFIRE ENERGY INC
$87.12M20.10%17.60%21.78%29.60%0.174.8952.50%18.50%21.40%
PUMP
PROPETRO HOLDING CORP
$869.14M8.50%5.90%9.99%10.80%0.481.1530.60%5.30%7.41%
VAL
VALARIS LTD
$5.45B60.00%25.00%4.24%5.40%1.171.7113.50%48.50%8.50%
GPRK
GEOPARK LTD
$531.14M72.80%11.30%33.12%21.90%4.781.1769.30%14.70%34.41%
PARR
PAR PACIFIC HOLDINGS INC
$2.21B69.20%19.80%29.31%21.70%1.891.3116.90%8.90%8.33%
TNK
TEEKAY TANKERS LTD
$1.99B37.10%28.30%31.76%31.90%0.234.4149.10%37.60%40.37%
SDPI
SUPERIOR DRILLING PRODUCTS INC
$27.78M62.60%32.80%8.93%9.40%0.622.2960.90%35.50%9.89%
SM
SM ENERGY CO
$5.77B24.10%13.50%17.50%15.20%0.761.4576.30%34.50%42.37%
IMPP
IMPERIAL PETROLEUM INC/MARSHALL ISLANDS
$73.76M20.60%18.90%20.14%29.40%0.0412.6148.40%38.70%39.71%
MGY
MAGNOLIA OIL & GAS CORP
$5.30B23.60%14.70%20.30%23.10%0.521.8883.70%31.60%40.39%
FANG
DIAMONDBACK ENERGY INC
$35.36B19.70%11.20%15.73%13.10%0.700.7778.70%37.40%50.29%
INSW
INTERNATIONAL SEAWAYS INC
$2.60B34.00%21.60%26.91%20.10%0.472.3870.60%51.90%58.42%
SU
SUNCOR ENERGY INC
$47.62B20.00%9.70%15.02%14.00%1.051.4460.60%16.30%23.36%
VLO
VALERO ENERGY CORP
$56.75B34.30%14.30%26.04%23.40%1.311.568.90%6.10%8.32%
TPL
TEXAS PACIFIC LAND CORP
$13.31B43.60%38.70%46.54%150.60%0.1119.4386.60%64.20%81.95%
SWN
SOUTHWESTERN ENERGY CO
$8.35B24.70%12.20%15.17%10.40%1.040.8234.20%23.90%23.87%
SBOW
SILVERBOW RESOURCES INC
$868.17M29.90%14.40%18.56%17.00%1.301.0577.60%45.60%70.74%
VIST
VISTA ENERGY SAB DE CV
$3.95B36.60%16.20%25.34%22.80%1.081.1984.90%34.00%48.53%
TRMD
TORM PLC
$3.01B40.20%22.70%27.38%21.40%0.722.6057.50%42.60%46.91%
BANL
CBL INTERNATIONAL LTD
$26.50M21.50%8.60%18.50%46.10%1.131.862.20%0.90%1.12%
CQP
CHENIERE ENERGY PARTNERS LP
$23.91B-453.40%22.80%30.70%15.80%-24.091.0160.20%44.00%52.54%
LPG
DORIAN LPG LTD
$1.56B33.20%17.30%20.04%15.00%0.853.3178.20%55.00%62.25%
GPOR
GULFPORT ENERGY CORP
$2.91B73.30%43.70%34.31%31.00%0.491.1576.70%70.00%55.97%
RRC
RANGE RESOURCES CORP
$8.34B25.10%12.60%18.49%15.50%0.911.4958.10%25.80%36.28%
DVN
DEVON ENERGY CORP
$31.86B32.80%15.70%22.73%18.80%1.021.0751.90%24.60%32.09%
RNGR
RANGER ENERGY SERVICES INC
$255.86M8.70%6.30%11.17%10.70%0.391.9616.50%3.70%5.42%
OKE
ONEOK INC
$46.75B22.60%7.80%10.69%9.70%1.690.9031.30%15.00%24.68%
BSM
BLACK STONE MINERALS LP
$3.60B43.90%31.90%34.27%35.90%0.057.4888.50%67.70%71.82%
E
ENI SPA
$56.64B28.00%9.60%22.14%19.50%1.771.2623.30%10.40%17.13%
NVGS
NAVIGATOR HOLDINGS LTD
$1.12B7.00%3.70%7.51%5.40%0.821.3854.40%14.90%27.50%
DTI
DRILLING TOOLS INTERNATIONAL CORP
$89.31M33.30%8.30%18.96%12.40%0.492.0876.60%9.50%13.74%
LBRT
LIBERTY ENERGY INC
$3.45B32.30%18.80%31.92%29.50%0.651.4929.50%11.70%16.10%
DHT
DHT HOLDINGS INC
$1.85B15.50%10.80%13.59%11.30%0.453.5457.00%28.80%34.80%
WFRD
WEATHERFORD INTERNATIONAL PLC
$8.35B58.00%8.60%18.64%15.00%4.491.7933.90%8.10%11.63%
MPC
MARATHON PETROLEUM CORP
$72.81B37.70%11.10%19.78%16.00%2.241.6014.50%6.40%8.66%
NFG
NATIONAL FUEL GAS CO
$4.95B14.70%5.30%9.30%7.30%1.710.5660.10%21.60%35.46%
PBF
PBF ENERGY INC
$6.88B35.10%15.20%28.79%29.00%1.201.566.30%5.60%7.64%
VTLE
VITAL ENERGY INC
$1.93B37.60%17.00%14.53%12.90%0.850.6273.30%44.90%42.75%
CVI
CVR ENERGY INC
$3.58B95.10%17.50%33.98%25.60%4.331.3013.80%8.30%11.12%
DMLP
DORCHESTER MINERALS LP
$1.33B65.00%62.60%61.16%88.10%0.0315.6192.50%67.40%69.67%
RES
RPC INC
$1.67B19.80%15.80%22.61%28.40%0.264.7932.60%12.10%15.86%
BKR
BAKER HUGHES CO
$33.53B12.90%5.40%11.87%16.40%1.391.2620.60%7.60%11.15%
PBR
PETROBRAS - PETROLEO BRASILEIRO
$99.20B52.70%20.30%36.51%28.90%1.691.0052.20%29.40%45.71%
EPD
ENTERPRISE PRODUCTS PARTNERS LP
$63.27B20.40%8.00%11.83%9.00%1.530.9313.50%11.10%13.77%
DNOW
DNOW INC
$1.61B26.90%17.50%12.33%22.30%0.442.5623.10%10.60%5.90%
HAL
HALLIBURTON CO
$35.09B29.60%10.90%19.58%16.40%1.622.0618.90%11.50%16.22%
WKC
WORLD KINECT CORP
$1.58B2.70%0.70%5.82%8.20%2.791.112.20%0.10%0.41%
STNG
SCORPIO TANKERS INC
$3.80B21.90%12.50%19.64%14.00%0.661.1375.50%40.80%54.44%
MXC
MEXCO ENERGY CORP
$20.93M11.60%10.90%13.25%16.20%0.0717.8577.80%28.40%34.83%
CRK
COMSTOCK RESOURCES INC
$2.58B9.10%3.60%7.45%5.60%1.640.6855.90%13.50%26.53%
FLNG
FLEX LNG LTD
$1.37B13.90%4.30%8.95%5.70%2.202.8981.10%32.40%61.68%
CNQ
CANADIAN NATURAL RESOURCES LTD
$81.85B21.00%10.90%15.76%13.70%0.910.9650.60%22.90%30.03%
HES
HESS CORP
$46.88B16.20%6.00%12.50%9.60%1.601.0555.60%13.00%24.36%
EC
ECOPETROL SA
$24.34B40.90%11.60%23.82%19.70%2.191.3644.00%19.80%36.71%
PR
PERMIAN RESOURCES CORP
$13.63B11.50%4.60%5.90%6.70%0.910.5285.20%15.30%25.94%
LNG
CHENIERE ENERGY INC
$37.85B282.80%23.70%34.55%22.40%6.731.6384.40%48.50%66.40%
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$372.91M11.90%5.10%8.23%7.70%0.741.8139.30%8.30%12.11%
WHD
CACTUS INC
$3.97B21.20%11.30%16.57%23.90%0.533.1737.00%15.40%20.35%
GEOS
GEOSPACE TECHNOLOGIES CORP
$175.65M18.70%16.50%17.42%23.90%0.144.8544.20%17.40%17.82%
PXD
PIONEER NATURAL RESOURCES CO
$61.33B21.80%13.50%19.03%16.90%0.580.8851.40%25.30%33.05%
SLB
SCHLUMBERGER LIMITED
$78.24B22.00%9.20%16.53%21.00%1.321.3219.80%12.70%17.24%
PHX
PHX MINERALS INC
$127.66M11.50%8.70%12.78%11.30%0.355.0583.90%31.30%47.27%
NOG
NORTHERN OIL & GAS INC
$4.00B62.40%23.40%27.73%21.30%1.191.3276.60%42.60%52.46%
WES
WESTERN MIDSTREAM PARTNERS LP
$13.53B34.50%8.60%12.31%8.10%3.260.7670.20%32.10%44.26%
TRP
TC ENERGY CORP
$41.71B8.60%2.30%6.29%4.60%2.910.9666.10%17.80%44.73%
MUR
MURPHY OIL CORP
$6.98B12.60%6.60%10.87%8.60%0.790.8969.10%19.10%28.03%
YPF
YPF SOCIEDAD ANONIMA
$7.79B24.70%9.40%25.39%20.60%1.471.0827.00%11.90%28.60%
GLP
GLOBAL PARTNERS LP
$1.51B16.50%4.10%10.00%7.80%3.301.125.90%0.80%1.49%
EOG
EOG RESOURCES INC
$74.15B28.20%17.90%24.73%26.20%0.562.4463.70%31.40%40.67%
XOM
EXXON MOBIL CORP
$461.22B18.00%9.70%16.81%16.70%0.801.4824.90%10.50%15.17%
TTE
TOTALENERGIES SE
$166.04B18.50%7.50%19.25%19.50%1.411.1234.70%9.80%17.13%
MPLX
MPLX LP
$42.01B31.70%10.60%14.26%10.50%1.841.0758.70%33.90%42.87%
CVE
CENOVUS ENERGY INC
$37.42B14.60%7.60%11.97%10.80%0.881.5621.10%7.90%10.94%
TK
TEEKAY CORP
$662.53M21.80%7.00%9.43%10.20%0.545.3446.30%10.30%13.02%
KNTK
KINETIK HOLDINGS INC
$6.03B-53.10%6.20%5.75%4.00%-7.291.0344.40%30.80%28.61%
MTDR
MATADOR RESOURCES CO
$7.98B23.80%12.10%16.38%14.20%0.921.0572.70%30.10%41.10%
MRC
MRC GLOBAL INC
$1.06B20.00%4.60%16.77%13.30%2.871.4820.20%2.60%5.42%
COP
CONOCOPHILLIPS
$149.73B22.80%11.80%19.87%18.30%0.951.4345.80%18.70%29.14%
EGY
VAALCO ENERGY INC
$719.82M13.20%7.30%22.51%22.90%0.721.7966.30%13.30%34.41%
WMB
WILLIAMS COMPANIES INC
$47.42B26.60%6.30%11.58%8.80%3.040.7763.20%29.10%49.69%
MRO
MARATHON OIL CORP
$16.36B13.80%7.80%14.46%10.00%0.750.4077.30%23.20%33.79%
CVX
CHEVRON CORP
$292.97B13.30%8.30%13.08%12.90%0.621.2826.20%10.60%14.93%
SHEL
SHELL PLC
$217.42B10.30%4.60%11.90%11.10%1.171.4016.60%6.00%11.46%
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$619.99M18.60%5.60%10.05%9.00%3.340.9116.10%6.60%12.84%
BOOM
DMC GLOBAL INC
$385.63M6.60%2.90%6.71%10.10%0.702.5829.50%3.70%7.08%
IMO
IMPERIAL OIL LTD
$37.04B21.00%11.60%18.61%17.20%0.851.2618.20%9.60%12.63%
AMPY
AMPLIFY ENERGY CORP
$260.90M104.00%51.90%25.18%21.80%0.891.0247.90%122.00%52.50%
TNP
TSAKOS ENERGY NAVIGATION LTD
$749.15M12.40%5.40%8.66%6.20%1.211.3949.70%19.60%29.58%
APA
APA CORP
$10.38B233.70%20.70%22.14%17.00%4.351.0245.60%34.90%34.70%
CHX
CHAMPIONX CORP
$6.86B18.40%9.50%19.27%24.10%0.941.8230.30%8.40%12.61%
CPE
CALLON PETROLEUM CO
$2.38B10.70%6.00%6.44%4.90%0.680.3960.50%17.10%16.68%
CIVI
CIVITAS RESOURCES INC
$7.67B14.00%7.00%9.65%10.20%1.281.1673.70%22.50%33.98%
SLCA
US SILICA HOLDINGS INC
$969.07M18.40%7.00%15.58%12.90%1.463.2334.20%9.50%19.18%
EQT
EQT CORP
$16.33B13.10%7.40%10.00%8.90%0.710.9965.10%25.10%33.64%
EQNR
EQUINOR ASA
$79.60B23.20%7.90%36.64%31.60%1.961.7145.20%11.10%36.88%
REPX
RILEY EXPLORATION PERMIAN INC
$673.20M28.70%13.10%20.89%16.80%1.240.6777.30%29.80%47.43%
NOV
NOV INC
$7.69B17.80%9.40%7.99%8.90%0.822.4021.40%11.60%8.25%

Energy Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
10-0.24%+0.13%+13.43%+2.59%10.32x1.04x+6.76%+4.80%+8.09%+29.02%Buy
84+0.91%+1.95%+10.58%+21.41%13.00x2.09x+23.24%+10.48%+16.97%+5.21%Strong Buy
50+0.62%+0.51%+11.84%+26.27%28.44x2.84x+21.08%+8.27%+14.53%+14.58%Buy
16+0.83%+1.85%+7.68%+12.12%10.48x1.61x+19.51%+8.84%+17.90%+16.67%Buy
48+0.95%+0.98%+6.35%+21.21%14.14x2.35x+27.72%+8.11%+12.12%+9.35%Buy
21+1.73%+0.43%+12.71%+22.13%8.98x2.30x+34.40%+10.92%+20.26%+0.41%Buy

Energy Stocks FAQ

What are the best energy stocks to buy right now in Mar 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 61, which is 26 points higher than the energy sector average of 35. It passed 24 out of 38 due diligence checks and has strong fundamentals. Chord Energy has seen its stock return 36.94% over the past year, overperforming other energy stocks by 17 percentage points.

Chord Energy has an average 1 year price target of $203.83, an upside of 14.36% from Chord Energy's current stock price of $178.24.

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 61, which is 26 points higher than the energy sector average of 35. It passed 23 out of 38 due diligence checks and has strong fundamentals. Patterson Uti Energy has seen its stock return 1.1% over the past year, underperforming other energy stocks by -19 percentage points.

Patterson Uti Energy has an average 1 year price target of $16.30, an upside of 36.52% from Patterson Uti Energy's current stock price of $11.94.

Patterson Uti Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Patterson Uti Energy, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Euronav Nv (NYSE:EURN)


Euronav Nv (NYSE:EURN) is the third best energy stock with a Zen Score of 60, which is 25 points higher than the energy sector average of 35. It passed 22 out of 38 due diligence checks and has strong fundamentals. Euronav Nv has seen its stock lose -3.59% over the past year, underperforming other energy stocks by -24 percentage points.

Euronav Nv has an average 1 year price target of $19.34, an upside of 16.31% from Euronav Nv's current stock price of $16.63.

Euronav Nv stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Euronav Nv, 16.67% have issued a Strong Buy rating, 0% have issued a Buy, 83.33% 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 125 energy stocks that have issued dividends in the past year, the 3 energy stocks with the highest dividend yields are:

1. Icahn Enterprises (NASDAQ:IEP)


Icahn Enterprises (NASDAQ:IEP) has an annual dividend yield of 29.39%, which is 25 percentage points higher than the energy sector average of 4.55%. 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.

2. Sandridge Energy (NYSE:SD)


Sandridge Energy (NYSE:SD) has an annual dividend yield of 26.15%, which is 22 percentage points higher than the energy sector average of 4.55%.

Sandridge Energy's dividend payout ratio of 224.2% indicates that its high dividend yield might not be sustainable for the long-term.

3. Ecopetrol Sa (NYSE:EC)


Ecopetrol Sa (NYSE:EC) has an annual dividend yield of 20.97%, which is 16 percentage points higher than the energy sector average of 4.55%. Ecopetrol Sa's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Ecopetrol Sa's dividend has not shown consistent growth over the last 10 years.

Ecopetrol Sa's dividend payout ratio of 25.8% indicates that its high dividend yield is sustainable for the long-term.

Why are energy stocks up?

Energy stocks were up 0.93% in the last day, and up 1.31% over the last week.

We couldn't find a catalyst for why energy stocks are up.

What are the most undervalued energy stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued energy stocks right now are:

1. Profire Energy (NASDAQ:PFIE)


Profire Energy (NASDAQ:PFIE) is the most undervalued energy stock based on WallStreetZen's Valuation Score. Profire Energy has a valuation score of 100, which is 61 points higher than the energy sector average of 39. It passed 7 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 48% in the past year. It has overperformed other stocks in the energy sector by 28 percentage points.

2. Cbl International (NASDAQ:BANL)


Cbl International (NASDAQ:BANL) is the second most undervalued energy stock based on WallStreetZen's Valuation Score. Cbl International has a valuation score of 100, which is 61 points higher than the energy sector average of 39. It passed 7 out of 7 valuation due diligence checks.

Cbl International's stock has dropped -84.43% in the past year. It has underperformed other stocks in the energy sector by -105 percentage points.

3. Chord Energy (NASDAQ:CHRD)


Chord Energy (NASDAQ:CHRD) is the third most undervalued energy stock based on WallStreetZen's Valuation Score. Chord Energy has a valuation score of 86, which is 47 points higher than the energy sector average of 39. It passed 6 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 36.94% in the past year. It has overperformed other stocks in the energy sector by 17 percentage points.

Are energy stocks a good buy now?

47.77% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 8.62% 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 12.72x.
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.