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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
PTEN
PATTERSON UTI ENERGY INC
$4.71B$11.53$15.7536.60%Strong Buy824.74%83.40%N/AN/A
CHRD
CHORD ENERGY CORP
$7.61B$183.59$204.8311.57%Strong Buy611.66%73.32%N/AN/A
INSW
INTERNATIONAL SEAWAYS INC
$2.62B$53.58$65.0021.31%Strong Buy2-7.84%N/AN/AN/A
EURN
EURONAV NV
$3.19B$16.42$19.1916.85%Hold3-26.00%-91.60%N/AN/A
PUMP
PROPETRO HOLDING CORP
$931.53M$8.66$11.0027.02%Strong Buy13.82%52.61%N/AN/A
VAL
VALARIS LTD
$4.89B$67.47$99.0046.73%Strong Buy327.56%N/AN/AN/A
PARR
PAR PACIFIC HOLDINGS INC
$1.95B$32.69$42.0028.48%Buy24.15%N/AN/AN/A
TRMD
TORM PLC
$2.88B$33.37$44.0031.85%Buy1N/AN/AN/AN/A
TNK
TEEKAY TANKERS LTD
$1.93B$56.60$71.6726.62%Strong Buy3-42.30%-60.70%N/AN/A
IMPP
IMPERIAL PETROLEUM INC/MARSHALL ISLANDS
$102.26M$3.43N/AN/AN/AN/AN/AN/AN/AN/A
SDPI
SUPERIOR DRILLING PRODUCTS INC
$37.99M$1.25N/AN/AN/AN/AN/AN/AN/AN/A
GPRK
GEOPARK LTD
$535.02M$9.67$12.5029.27%Strong Buy26.37%53.76%N/AN/A
MGY
MAGNOLIA OIL & GAS CORP
$5.33B$26.11$27.133.89%Buy87.13%83.38%N/AN/A
SBOW
SILVERBOW RESOURCES INC
$781.71M$30.74$40.8032.73%Strong Buy537.05%N/AN/AN/A
SM
SM ENERGY CO
$5.79B$50.01$51.893.76%Buy95.82%31.25%N/AN/A
PFIE
PROFIRE ENERGY INC
$87.12M$1.85N/AN/AN/AN/A-1.41%N/AN/AN/A
SWN
SOUTHWESTERN ENERGY CO
$8.36B$7.59$8.096.57%Buy109.47%48.53%N/AN/A
VLO
VALERO ENERGY CORP
$55.52B$167.00$182.679.38%Strong Buy12-5.14%N/AN/AN/A
FANG
DIAMONDBACK ENERGY INC
$36.62B$205.24$213.063.81%Strong Buy1627.53%27.12%N/AN/A
LPG
DORIAN LPG LTD
$1.70B$41.81$47.0012.41%Buy2-14.81%-86.13%4.33%2.34%
DVN
DEVON ENERGY CORP
$33.08B$52.10$59.7114.61%Strong Buy140.71%25.76%N/AN/A
CQP
CHENIERE ENERGY PARTNERS LP
$23.31B$48.16$49.332.44%Strong Sell35.36%N/AN/AN/A
RNGR
RANGER ENERGY SERVICES INC
$235.01M$10.37N/AN/AN/AN/A-8.73%N/AN/AN/A
GPOR
GULFPORT ENERGY CORP
$2.90B$159.25$169.006.12%Buy5-13.48%N/AN/AN/A
NFG
NATIONAL FUEL GAS CO
$5.09B$55.27$72.0030.27%Buy15.44%56.22%N/AN/A
NVGS
NAVIGATOR HOLDINGS LTD
$1.09B$14.91$20.0034.14%Strong Buy1-5.72%33.22%N/AN/A
BSM
BLACK STONE MINERALS LP
$3.56B$15.84$18.5016.79%Buy2-3.54%11.86%N/AN/A
OKE
ONEOK INC
$47.21B$80.95$82.501.91%Buy1231.23%-21.92%14.58%5.43%
WFRD
WEATHERFORD INTERNATIONAL PLC
$9.14B$125.01$146.4317.13%Strong Buy77.81%-69.15%N/AN/A
DTI
DRILLING TOOLS INTERNATIONAL CORP
$160.45M$5.39N/AN/AN/AN/A9.39%N/AN/AN/A
BKR
BAKER HUGHES CO
$32.60B$32.67$40.4023.66%Strong Buy55.69%9.95%N/AN/A
MPC
MARATHON PETROLEUM CORP
$71.96B$199.14$208.114.50%Buy9-6.68%N/AN/AN/A
EPD
ENTERPRISE PRODUCTS PARTNERS LP
$62.99B$29.05$33.1314.03%Strong Buy810.10%5.42%21.86%8.52%
SU
SUNCOR ENERGY INC
$50.66B$39.27$52.0032.42%Strong Buy1-5.13%11.71%N/AN/A
PR
PERMIAN RESOURCES CORP
$13.32B$17.26$19.3111.87%Strong Buy1327.09%51.46%N/AN/A
PBF
PBF ENERGY INC
$6.84B$57.18$61.146.93%Buy7-4.91%N/AN/AN/A
CVI
CVR ENERGY INC
$3.37B$33.57$29.00-13.61%Sell1-10.00%N/AN/AN/A
DMLP
DORCHESTER MINERALS LP
$1.39B$35.01N/AN/AN/AN/AN/AN/AN/AN/A
HES
HESS CORP
$48.88B$159.13$179.0012.49%Buy610.71%87.03%N/AN/A
TPL
TEXAS PACIFIC LAND CORP
$13.55B$589.01$694.1717.85%Buy213.13%50.04%N/AN/A
RES
RPC INC
$1.71B$7.92$8.001.01%Sell23.22%16.67%N/AN/A
TNP
TSAKOS ENERGY NAVIGATION LTD
$731.44M$24.79$30.0021.02%Strong Buy10.53%N/AN/AN/A
WKC
WORLD KINECT CORP
$1.50B$25.04$26.756.83%Hold40.87%141.60%N/AN/A
MXC
MEXCO ENERGY CORP
$26.84M$12.80N/AN/AN/AN/AN/AN/AN/AN/A
HAL
HALLIBURTON CO
$34.28B$38.72$48.2924.71%Strong Buy76.21%9.86%N/AN/A
DHT
DHT HOLDINGS INC
$1.82B$11.28$15.5037.41%Strong Buy2-12.54%8.71%N/AN/A
PXD
PIONEER NATURAL RESOURCES CO
$64.37B$275.52$276.000.17%Hold79.92%21.64%N/AN/A
STNG
SCORPIO TANKERS INC
$3.76B$70.84$89.0025.64%Strong Buy3-5.87%N/AN/AN/A
DNOW
DNOW INC
$1.57B$14.77$17.0015.10%Buy23.29%-21.34%N/AN/A
MRC
MRC GLOBAL INC
$984.83M$11.67$16.0037.10%Strong Buy22.40%15.53%N/AN/A
REPX
RILEY EXPLORATION PERMIAN INC
$551.62M$27.04$53.0096.01%Strong Buy18.97%N/AN/AN/A
E
ENI SPA
$55.01B$32.59N/AN/AN/AN/A-14.15%55.96%N/AN/A
CNQ
CANADIAN NATURAL RESOURCES LTD
$82.48B$76.91$102.0032.62%Hold10.67%26.82%N/AN/A
EQT
EQT CORP
$17.41B$39.43$43.319.85%Buy1615.10%36.98%N/AN/A
WHD
CACTUS INC
$4.15B$52.32$53.752.73%Buy45.23%2.64%N/AN/A
VTLE
VITAL ENERGY INC
$2.02B$55.14$59.407.73%Buy1011.11%32.99%N/AN/A
FLNG
FLEX LNG LTD
$1.39B$25.90N/AN/AN/AN/A0.26%42.41%N/AN/A
LNG
CHENIERE ENERGY INC
$36.95B$157.42$189.2520.22%Strong Buy45.36%N/AN/AN/A
GEOS
GEOSPACE TECHNOLOGIES CORP
$166.20M$12.48N/AN/AN/AN/AN/AN/AN/AN/A
TRP
TC ENERGY CORP
$37.26B$35.91$43.5021.14%Sell21.87%55.46%N/AN/A
PHX
PHX MINERALS INC
$132.16M$3.53$4.9038.81%Strong Buy2-2.49%42.33%N/AN/A
COP
CONOCOPHILLIPS
$152.09B$129.28$145.5812.61%Strong Buy123.25%28.19%N/AN/A
WES
WESTERN MIDSTREAM PARTNERS LP
$13.67B$35.94$31.25-13.05%Hold415.47%44.44%N/AN/A
LBRT
LIBERTY ENERGY INC
$3.79B$22.76$24.507.64%Buy83.03%4.18%N/AN/A
NOG
NORTHERN OIL & GAS INC
$4.33B$42.97$46.568.35%Buy93.20%9.64%N/AN/A
GLP
GLOBAL PARTNERS LP
$1.59B$46.68$44.00-5.74%Strong Buy141.31%N/AN/AN/A
EOG
EOG RESOURCES INC
$78.65B$135.60$145.247.11%Buy173.80%6.59%N/AN/A
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
$365.59M$8.50$10.0017.65%Strong Buy1-10.68%N/AN/AN/A
MUR
MURPHY OIL CORP
$7.06B$46.22$52.7514.13%Strong Buy81.23%57.44%N/AN/A
YPF
YPF SOCIEDAD ANONIMA
$7.93B$20.16$21.757.89%Buy4-0.82%N/AN/AN/A
MRO
MARATHON OIL CORP
$15.89B$27.53$33.2020.60%Strong Buy151.96%56.12%N/AN/A
MPLX
MPLX LP
$42.22B$41.77$45.809.65%Strong Buy53.04%-12.34%N/AN/A
CVE
CENOVUS ENERGY INC
$39.74B$21.23$29.0036.60%Strong Buy2-0.70%57.33%N/AN/A
CVX
CHEVRON CORP
$303.79B$163.57$185.2113.23%Strong Buy143.20%11.76%17.31%10.65%
TK
TEEKAY CORP
$664.35M$7.30N/AN/AN/AN/AN/AN/AN/AN/A
EPSN
EPSILON ENERGY LTD
$118.11M$5.39N/AN/AN/AN/AN/AN/AN/AN/A
EGY
VAALCO ENERGY INC
$666.12M$6.45N/AN/AN/AN/A-13.70%N/AN/AN/A
MTDR
MATADOR RESOURCES CO
$7.80B$65.29$74.7314.45%Strong Buy1112.47%-9.23%N/AN/A
WMB
WILLIAMS COMPANIES INC
$47.76B$39.25$40.402.93%Buy56.00%N/AN/AN/A
SLCA
US SILICA HOLDINGS INC
$1.00B$12.85N/AN/AN/AN/A-2.71%20.86%N/AN/A
KNTK
KINETIK HOLDINGS INC
$5.93B$39.19$40.002.07%Buy526.56%-38.10%N/AN/A
XOM
EXXON MOBIL CORP
$480.31B$121.05$133.1710.01%Strong Buy124.72%7.28%20.87%11.36%
BOOM
DMC GLOBAL INC
$330.23M$16.69$27.0061.77%Strong Buy11.87%N/AN/AN/A
EQNR
EQUINOR ASA
$79.80B$27.10$28.003.32%Hold1-3.76%6.17%N/AN/A
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
$596.06M$21.42N/AN/AN/AN/A20.05%-3.49%N/AN/A
PBR
PETROBRAS - PETROLEO BRASILEIRO
$108.76B$16.81$17.252.62%Strong Buy4-2.27%-18.14%N/AN/A
AMPY
AMPLIFY ENERGY CORP
$289.32M$7.33$9.2526.19%Strong Buy2N/AN/AN/AN/A
CTRA
COTERRA ENERGY INC
$21.40B$28.46$32.7315.01%Strong Buy155.82%-29.50%N/AN/A
CIVI
CIVITAS RESOURCES INC
$7.43B$73.56$95.2029.42%Strong Buy519.20%N/AN/AN/A
VIST
VISTA ENERGY SAB DE CV
$4.22B$43.39$51.5018.69%Buy230.15%-38.70%N/AN/A
SLB
SCHLUMBERGER LIMITED
$70.19B$49.11$67.5537.54%Strong Buy119.26%9.99%N/AN/A
APA
APA CORP
$9.67B$32.05$40.9427.75%Hold188.60%17.20%N/AN/A
CHX
CHAMPIONX CORP
$6.62B$34.65$39.0012.55%Buy65.18%N/AN/AN/A
CRK
COMSTOCK RESOURCES INC
$2.83B$10.15$9.70-4.43%Hold514.99%206.08%N/AN/A
PSX
PHILLIPS 66
$67.51B$157.79$165.735.03%Buy11-4.33%N/AN/AN/A
TRGP
TARGA RESOURCES CORP
$26.09B$116.90$118.731.56%Strong Buy116.59%57.55%N/AN/A
DINO
HF SINCLAIR CORP
$11.40B$57.43$68.4319.15%Strong Buy7-4.04%-51.25%N/AN/A
CLB
CORE LABORATORIES INC
$774.54M$16.53$16.50-0.18%Sell26.86%69.51%N/AN/A
RRC
RANGE RESOURCES CORP
$9.16B$37.77$36.79-2.61%Hold145.61%85.40%N/AN/A
NE
NOBLE CORP PLC
$6.57B$46.05$58.2526.49%Strong Buy49.77%N/AN/AN/A

Energy Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
10-1.22%+2.00%-2.90%-0.30%9.34x0.99x+6.56%+4.67%+7.82%+34.80%Buy
83+0.25%+1.89%+3.27%+18.15%15.16x2.15x+22.86%+11.27%+16.99%+13.79%Buy
50-0.07%+2.97%-0.47%+21.21%27.48x2.68x+20.50%+8.14%+14.46%+19.84%Buy
16+0.05%+2.94%+5.06%+8.74%11.42x1.67x+17.47%+8.06%+16.47%+17.72%Buy
48+0.21%+2.37%+1.38%+17.42%14.11x2.34x+28.17%+8.11%+12.09%+11.87%Buy
21-0.20%+0.79%-2.04%+23.94%8.59x2.28x+34.08%+10.85%+19.89%+9.24%Buy

Energy Stocks FAQ

What are the best energy stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best energy stocks to buy right now are:

1. Patterson Uti Energy (NASDAQ:PTEN)


Patterson Uti Energy (NASDAQ:PTEN) is the top energy stock with a Zen Score of 63, which is 28 points higher than the energy sector average of 35. It passed 24 out of 38 due diligence checks and has strong fundamentals. Patterson Uti Energy has seen its stock lose -7.54% over the past year, underperforming other energy stocks by -25 percentage points.

Patterson Uti Energy has an average 1 year price target of $15.75, an upside of 36.6% from Patterson Uti Energy's current stock price of $11.53.

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.

2. International Seaways (NYSE:INSW)


International Seaways (NYSE:INSW) 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 22 out of 38 due diligence checks and has strong fundamentals. International Seaways has seen its stock return 26.19% over the past year, overperforming other energy stocks by 9 percentage points.

International Seaways has an average 1 year price target of $65.00, an upside of 21.31% from International Seaways's current stock price of $53.58.

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. Chord Energy (NASDAQ:CHRD)


Chord Energy (NASDAQ:CHRD) is the third best 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 27.4% over the past year, overperforming other energy stocks by 10 percentage points.

Chord Energy has an average 1 year price target of $204.83, an upside of 11.57% from Chord Energy's current stock price of $183.59.

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.

What are the energy stocks with highest dividends?

Out of 120 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 28.97%, which is 24 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 -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 25.99%, which is 21 percentage points higher than the energy sector average of 4.66%.

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 21%, which is 16 percentage points higher than the energy sector average of 4.66%. 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 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 0.07% in the last day, and up 2.08% over the last week. Trio Petroleum was the among the top gainers in the energy sector, gaining 11.67% yesterday.

Trio Petroleum shares are trading higher after the company announced it commenced oil sales from its California assets.

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 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 27.4% in the past year. It has overperformed other stocks in the energy sector by 10 percentage points.

2. Highpeak Energy (NASDAQ:HPK)


Highpeak Energy (NASDAQ:HPK) is the second most undervalued energy stock based on WallStreetZen's Valuation Score. Highpeak 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.

Highpeak Energy's stock has dropped -28.5% in the past year. It has underperformed other stocks in the energy sector by -46 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 86, which is 47 points higher than the energy sector average of 39. It passed 6 out of 7 valuation due diligence checks.

Profire Energy's stock has gained 55.46% in the past year. It has overperformed other stocks in the energy sector by 38 percentage points.

Are energy stocks a good buy now?

48.73% of energy stocks rated by analysts are a strong buy right now. On average, analysts expect energy stocks to rise by 14.92% 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 13.48x.
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.