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
BATL	BATTALION OIL CORP	$93.14M	-120.70%	-15.50%	-7.18%	-5.00%	14.60	0.57	75.00%	-35.20%	-11.92%
CSAN	COSAN SA	$5.22B	5.70%	0.80%	10.27%	8.80%	4.24	1.77	27.70%	2.80%	32.19%
YPF	YPF SOCIEDAD ANONIMA	$9.40B	-13.50%	-5.20%	18.33%	13.40%	1.79	0.90	20.00%	-7.60%	21.30%
IEP	ICAHN ENTERPRISES LP	$8.21B	-13.80%	-2.10%	N/A	0.80%	5.19	N/A	15.20%	-4.20%	1.96%
ICD	INDEPENDENCE CONTRACT DRILLING INC	$21.60M	-24.10%	-11.60%	-3.32%	-2.30%	1.22	1.31	35.90%	-24.20%	-6.11%
NBR	NABORS INDUSTRIES LTD	$709.32M	-28.00%	-2.00%	4.14%	2.70%	11.78	1.78	41.30%	-3.20%	5.57%
AMPY	AMPLIFY ENERGY CORP	$243.22M	7.70%	3.90%	6.44%	5.50%	0.87	0.79	45.80%	9.30%	13.41%
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%
STR	SITIO ROYALTIES CORP	$3.67B	-5.60%	-1.90%	-0.45%	-0.40%	0.74	3.37	100.00%	-15.50%	-3.54%
EP	EMPIRE PETROLEUM CORP	$200.82M	-53.90%	-16.90%	-17.85%	-19.40%	2.16	0.51	17.30%	-35.50%	-33.09%
VIVK	VIVAKOR INC	$36.02M	-68.90%	-14.40%	-21.19%	-13.90%	3.14	0.13	8.50%	-18.10%	-11.16%
GLNG	GOLAR LNG LTD	$2.81B	N/A	-1.10%	-1.27%	-1.10%	-0.72	1.49	68.70%	-15.70%	-15.05%
TPET	TRIO PETROLEUM CORP	$10.59M	-76.40%	-65.80%	-75.77%	-78.60%	0.25	0.25	N/A	N/A	N/A
USEG	US ENERGY CORP	$28.07M	-72.70%	-43.70%	-67.74%	-45.40%	0.91	0.52	44.10%	-138.10%	-137.57%
GTE	GRAN TIERRA ENERGY INC	$288.57M	0.80%	0.20%	14.21%	10.20%	2.58	0.65	67.70%	0.50%	25.02%
CEI	CAMBER ENERGY INC	$29.53M	-738.10%	-62.80%	-75.40%	-109.90%	7.20	0.52	31.00%	-199.30%	-192.85%
TXO	TXO PARTNERS LP	$676.31M	-30.70%	-22.30%	-26.77%	-22.60%	0.48	1.36	29.40%	-61.30%	-59.90%
CRGY	CRESCENT ENERGY CO	$2.17B	-1.00%	-0.20%	2.40%	1.90%	1.65	0.75	54.70%	-0.70%	5.94%
NGL	NGL ENERGY PARTNERS LP	$755.32M	-9.90%	-1.40%	7.01%	5.50%	5.33	1.23	14.10%	-1.10%	4.06%
CLMT	CALUMET SPECIALTY PRODUCTS PARTNERS LP	$1.24B	N/A	-0.80%	11.14%	5.70%	-5.69	0.99	10.40%	-0.50%	5.12%
MNR	MACH NATURAL RESOURCES LP	$1.90B	N/A	N/A	N/A	N/A	1.03	1.00	N/A	N/A	N/A
BROG	BROOGE ENERGY LTD	$113.97M	N/A	N/A	N/A	N/A	2.56	0.11	N/A	N/A	N/A
ENSV	ENSERVCO CORP	$5.86M	-637.80%	-47.30%	-196.36%	-35.20%	36.89	0.54	15.40%	-29.50%	-20.49%
NINE	NINE ENERGY SERVICE INC	$65.35M	N/A	-8.50%	5.60%	3.00%	-9.78	2.27	18.50%	-5.80%	2.92%
SOC	SABLE OFFSHORE CORP	$742.45M	N/A	N/A	N/A	N/A	3.90	2.80	N/A	N/A	N/A
NEXT	NEXTDECADE CORP	$1.82B	-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	11	-0.43%	+0.70%	-1.24%	+14.99%	8.23x	1.02x	+5.65%	+4.36%	+7.57%	+38.67%	Buy
Oil & Gas E&P	80	-0.07%	+0.76%	-0.50%	+24.78%	13.83x	2.03x	+19.87%	+9.81%	+15.11%	+18.00%	Buy
Oil & Gas Equipment & Services	49	+0.21%	+1.51%	+3.02%	+34.68%	20.34x	2.67x	+20.02%	+8.11%	+14.54%	+18.82%	Strong Buy
Oil & Gas Integrated	17	-0.10%	+0.59%	+2.69%	+17.78%	11.98x	1.65x	+16.04%	+7.48%	+15.77%	+17.01%	Buy
Oil & Gas Midstream	48	+0.26%	+2.29%	+7.37%	+30.10%	15.06x	2.39x	+24.63%	+7.21%	+10.97%	+8.61%	Buy
Oil & Gas Refining & Marketing	21	+0.24%	-2.00%	-8.40%	+24.94%	8.72x	2.12x	+26.05%	+8.18%	+15.86%	+17.67%	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. Teekay Tankers (NYSE:TNK)

Teekay Tankers (NYSE:TNK) is the top energy stock with a Zen Score of 62, which is 29 points higher than the energy sector average of 33. It passed 23 out of 38 due diligence checks and has strong fundamentals. Teekay Tankers has seen its stock return 74.27% over the past year, overperforming other energy stocks by 48 percentage points.

Teekay Tankers has an average 1 year price target of $76.00, an upside of 6.34% from Teekay Tankers's current stock price of $71.47.

Teekay Tankers stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Teekay Tankers, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Chord Energy (NASDAQ:CHRD)

Chord Energy (NASDAQ:CHRD) is the second best 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 28.8% over the past year, overperforming other energy stocks by 3 percentage points.

Chord Energy has an average 1 year price target of $216.00, an upside of 18.51% from Chord Energy's current stock price of $182.27.

Chord Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Chord Energy, 80% have issued a Strong Buy rating, 20% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Frontline (NYSE:FRO)

Frontline (NYSE:FRO) is the third 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 82.94% over the past year, overperforming other energy stocks by 57 percentage points.

Frontline has an average 1 year price target of $26.10, a downside of -3.8% from Frontline's current stock price of $27.13.

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.

What are the energy stocks with highest dividends?

Out of 115 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 4.4%.

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 27.47%, which is 23 percentage points higher than the energy sector average of 4.4%. 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.

3. Ecopetrol Sa (NYSE:EC)

Ecopetrol Sa (NYSE:EC) has an annual dividend yield of 20.42%, which is 16 percentage points higher than the energy sector average of 4.4%. Ecopetrol Sa's dividend payout is not stable, having dropped more than 10% four 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 125.1% indicates that its high dividend yield might not be sustainable for the long-term.

Why are energy stocks up?

Energy stocks were up 0.05% in the last day, and up 0.8% 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. Chord Energy (NASDAQ:CHRD)

Chord Energy (NASDAQ:CHRD) is the 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 28.8% in the past year. It has overperformed other stocks in the energy sector by 3 percentage points.

2. Chesapeake Energy (NASDAQ:CHK)

Chesapeake Energy (NASDAQ:CHK) is the second 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 11.27% in the past year. It has underperformed other stocks in the energy sector by -15 percentage points.

3. Plains All American Pipeline (NASDAQ:PAA)

Plains All American Pipeline (NASDAQ:PAA) is the third most undervalued energy stock based on WallStreetZen's Valuation Score. Plains All American Pipeline 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.

Plains All American Pipeline's stock has gained 30.15% in the past year. It has overperformed other stocks in the energy sector by 4 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 17.09% 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 13.2x.

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.