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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
CHRD
CHORD ENERGY CORP
United States
$7.26B41,438,13497.86%2.14%Net SellingNet Selling
PTEN
PATTERSON UTI ENERGY INC
United States
$4.32B408,192,23682.49%17.51%Net SellingNet Selling
INSW
INTERNATIONAL SEAWAYS INC
United States
$2.73B48,930,87253.22%46.78%Net SellingNet Selling
FRO
FRONTLINE PLC
Bermuda
$5.47B222,622,88922.71%0.00%
PUMP
PROPETRO HOLDING CORP
United States
$980.48M107,039,14960.25%39.75%Net SellingNet Selling
PARR
PAR PACIFIC HOLDINGS INC
United States
$1.85B59,575,45395.24%2.35%Net BuyingNet Buying
TNK
TEEKAY TANKERS LTD
Bermuda
$2.06B34,093,10852.29%0.00%
SDPI
SUPERIOR DRILLING PRODUCTS INC
United States
$38.60M30,391,2402.94%97.06%Net Selling
VLO
VALERO ENERGY CORP
United States
$51.45B326,996,38379.86%1.85%Net SellingNet Selling
IMPP
IMPERIAL PETROLEUM INC/MARSHALL ISLANDS
Greece
$107.62M29,812,7553.96%0.00%
TRMD
TORM PLC
United Kingdom
$2.98B86,225,68469.77%0.00%
GPRK
GEOPARK LTD
Chile
$515.65M55,327,52042.96%8.71%
SM
SM ENERGY CO
United States
$5.53B115,746,54094.88%4.58%Net SellingNet Selling
PFIE
PROFIRE ENERGY INC
United States
$84.77M47,094,22643.61%52.16%Net BuyingNet Buying
MGY
MAGNOLIA OIL & GAS CORP
United States
$5.09B204,276,95163.48%36.52%Net SellingNet Selling
RNGR
RANGER ENERGY SERVICES INC
United States
$225.27M22,662,56930.66%69.34%Net SellingNet Selling
DVN
DEVON ENERGY CORP
United States
$31.81B632,000,00069.92%8.44%Net SellingNet Selling
NFG
NATIONAL FUEL GAS CO
United States
$5.03B91,917,87274.04%4.12%Net SellingNet Buying
FANG
DIAMONDBACK ENERGY INC
United States
$35.25B178,343,73390.06%7.92%Net SellingNet Selling
DTI
DRILLING TOOLS INTERNATIONAL CORP
United States
$161.64M29,768,5681.98%98.02%Net Buying
LPG
DORIAN LPG LTD
United States
$1.73B40,593,07933.67%66.33%Net Selling
NOA
NORTH AMERICAN CONSTRUCTION GROUP LTD
Canada
$551.43M26,729,34264.03%34.65%
BSM
BLACK STONE MINERALS LP
United States
$3.65B225,024,69613.55%31.93%Net SellingNet Selling
NVGS
NAVIGATOR HOLDINGS LTD
United Kingdom
$1.11B73,208,58619.34%0.00%
PBF
PBF ENERGY INC
United States
$6.24B118,563,97163.50%36.50%Net BuyingNet Selling
VAL
VALARIS LTD
Bermuda
$4.71B72,410,81888.77%0.67%Net Selling
DNOW
DNOW INC
United States
$1.51B106,166,09696.87%3.13%Net BuyingNet Buying
RES
RPC INC
United States
$1.42B214,347,0625.48%94.52%Net Selling
HAL
HALLIBURTON CO
United States
$32.49B885,301,25285.69%0.83%Net BuyingNet Buying
NOG
NORTHERN OIL & GAS INC
United States
$4.04B101,055,32342.34%57.66%Net SellingNet Selling
PR
PERMIAN RESOURCES CORP
United States
$12.91B771,862,16741.59%58.41%Net SellingNet Selling
CVE
CENOVUS ENERGY INC
Canada
$38.37B1,865,196,00051.29%0.00%
DMLP
DORCHESTER MINERALS LP
United States
$1.33B40,088,61218.97%13.73%Net Buying
MXC
MEXCO ENERGY CORP
United States
$25.53M2,097,8385.87%68.20%Net BuyingNet Buying
MPC
MARATHON PETROLEUM CORP
United States
$64.46B352,330,48278.55%1.35%Net SellingNet Selling
COP
CONOCOPHILLIPS
United States
$142.98B1,169,533,97682.73%0.46%Net SellingNet Selling
TNP
TSAKOS ENERGY NAVIGATION LTD
Greece
$782.49M29,505,60319.68%0.00%
SU
SUNCOR ENERGY INC
Canada
$49.09B1,290,099,79262.23%0.00%
E
ENI SPA
Italy
$53.36B3,375,937,8930.62%0.00%
BKR
BAKER HUGHES CO
United States
$31.87B997,997,63491.93%0.67%Net SellingNet Selling
XOM
EXXON MOBIL CORP
United States
$458.34B3,943,006,86662.26%0.85%Net SellingNet Selling
STNG
SCORPIO TANKERS INC
Monaco
$3.80B53,107,76556.90%0.00%
WFRD
WEATHERFORD INTERNATIONAL PLC
Ireland
$8.94B73,154,14096.16%1.55%Net SellingNet Selling
WKC
WORLD KINECT CORP
United States
$1.42B59,938,30194.38%5.62%Net SellingNet Selling
MRC
MRC GLOBAL INC
United States
$964.58M84,390,29765.92%34.08%Net SellingNet Selling
EQT
EQT CORP
United States
$17.43B441,592,00084.11%15.89%Net SellingNet Selling
FLNG
FLEX LNG LTD
Bermuda
$1.42B53,736,31818.72%0.00%
APA
APA CORP
United States
$10.83B371,192,34467.38%1.24%Net Selling
TRGP
TARGA RESOURCES CORP
United States
$25.05B221,716,50580.97%19.03%Net SellingNet Selling
LNG
CHENIERE ENERGY INC
United States
$37.70B234,692,27481.31%18.69%Net SellingNet Selling
CVX
CHEVRON CORP
United States
$296.87B1,847,009,03372.68%0.12%Net SellingNet Buying
EPD
ENTERPRISE PRODUCTS PARTNERS LP
United States
$60.82B2,168,245,23826.08%64.87%Net SellingNet Selling
REPX
RILEY EXPLORATION PERMIAN INC
United States
$506.94M20,400,03213.09%86.91%Net SellingNet Selling
GEOS
GEOSPACE TECHNOLOGIES CORP
United States
$168.19M13,317,09057.12%19.27%Net SellingNet Selling
TPL
TEXAS PACIFIC LAND CORP
United States
$12.85B23,005,26620.31%18.55%Net BuyingNet Buying
CQP
CHENIERE ENERGY PARTNERS LP
United States
$24.28B484,040,62321.95%78.05%Net Selling
VTLE
VITAL ENERGY INC
United States
$1.87B36,678,05115.17%84.83%Net SellingNet Selling
PHX
PHX MINERALS INC
United States
$123.92M37,438,23737.36%33.38%Net SellingNet Buying
CNQ
CANADIAN NATURAL RESOURCES LTD
Canada
$80.10B1,069,988,00074.42%0.00%
PXD
PIONEER NATURAL RESOURCES CO
United States
$63.00B233,675,15880.48%1.30%Net SellingNet Selling
WES
WESTERN MIDSTREAM PARTNERS LP
United States
$13.33B380,483,66816.79%83.21%Net SellingNet Selling
TRP
TC ENERGY CORP
Canada
$37.77B1,037,487,82974.91%0.00%
DHT
DHT HOLDINGS INC
Bermuda
$1.89B160,999,54258.51%0.00%
PBR
PETROBRAS - PETROLEO BRASILEIRO
Brazil
$112.19B12,940,137,2617.68%0.00%
CVI
CVR ENERGY INC
United States
$2.96B100,530,59920.14%79.86%Net SellingNet Selling
WMB
WILLIAMS COMPANIES INC
United States
$46.89B1,216,750,17286.48%5.93%Net SellingNet Selling
LBRT
LIBERTY ENERGY INC
United States
$3.55B166,651,69365.25%34.75%Net SellingNet Selling
HES
HESS CORP
United States
$48.70B307,152,06468.62%31.38%Net SellingNet Selling
SOI
SOLARIS OILFIELD INFRASTRUCTURE INC
United States
$395.32M44,022,50530.76%69.24%Net SellingNet Selling
EURN
EURONAV NV
Belgium
$3.30B194,480,60626.84%0.00%
GLP
GLOBAL PARTNERS LP
United States
$1.62B33,995,56337.86%40.69%Net SellingNet Selling
HP
HELMERICH & PAYNE INC
United States
$3.73B98,724,73793.21%6.79%Net SellingNet Selling
WHD
CACTUS INC
United States
$4.08B79,554,82748.43%51.57%Net SellingNet Selling
CHK
CHESAPEAKE ENERGY CORP
United States
$11.37B131,048,46385.09%14.91%Net SellingNet Selling
EPSN
EPSILON ENERGY LTD
United States
$118.33M21,913,20234.54%65.46%Net BuyingNet Buying
TK
TEEKAY CORP
Bermuda
$702.57M91,006,18247.25%0.00%
EGY
VAALCO ENERGY INC
United States
$645.46M103,274,17350.26%12.25%Net BuyingNet Buying
CHX
CHAMPIONX CORP
United States
$6.37B190,000,00098.96%1.04%Net SellingNet Selling
MUR
MURPHY OIL CORP
United States
$6.75B152,576,27578.24%12.02%Net SellingNet Selling
SLB
SCHLUMBERGER LIMITED
United States
$68.01B1,429,337,72481.89%2.92%Net SellingNet Selling
VNOM
VIPER ENERGY INC
United States
$6.57B176,855,28337.17%28.31%Net SellingNet Selling
NCSM
NCS MULTISTAGE HOLDINGS INC
United States
$44.52M2,502,5641.90%98.10%Net SellingNet Selling
MPLX
MPLX LP
United States
$41.77B1,016,195,69514.43%85.57%Net SellingNet Selling
AMPY
AMPLIFY ENERGY CORP
United States
$279.05M39,470,25814.23%85.77%Net SellingNet Selling
VIST
VISTA ENERGY SAB DE CV
Mexico
$4.13B97,190,83547.76%0.00%
CTRA
COTERRA ENERGY INC
United States
$20.42B751,847,43287.91%2.70%Net SellingNet Selling
KNTK
KINETIK HOLDINGS INC
United States
$5.78B151,206,15421.02%41.67%Net SellingNet Selling
EQNR
EQUINOR ASA
Norway
$79.48B2,944,733,1445.84%0.00%
PAA
PLAINS ALL AMERICAN PIPELINE LP
United States
$12.08B701,071,03141.79%49.60%Net Selling
PDS
PRECISION DRILLING CORP
Canada
$1.00B14,336,53948.87%0.00%
MRO
MARATHON OIL CORP
United States
$14.72B564,035,50278.90%1.12%Net SellingNet Selling
DINO
HF SINCLAIR CORP
United States
$10.77B198,568,39863.57%36.43%Net SellingNet Selling
BOOM
DMC GLOBAL INC
United States
$327.51M19,982,07481.33%13.96%Net SellingNet Selling
EOG
EOG RESOURCES INC
United States
$75.75B574,710,61490.60%1.08%Net SellingNet Selling
SGU
STAR GROUP LP
United States
$397.05M35,230,49232.26%67.74%Net Selling
NE
NOBLE CORP PLC
United States
$6.29B142,766,79468.01%9.87%Net SellingNet Selling
NOV
NOV INC
United States
$7.34B395,535,93192.89%1.23%Net SellingNet Selling
NGS
NATURAL GAS SERVICES GROUP INC
United States
$279.09M12,437,07461.99%38.01%Net Selling
TTE
TOTALENERGIES SE
France
$170.42B2,386,846,4746.55%0.00%
MTDR
MATADOR RESOURCES CO
United States
$7.75B124,780,24986.68%13.32%Net SellingNet Selling

Energy Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
10+0.49%-3.44%-10.45%+9.74%7.64x0.94x+7.18%+5.00%+7.81%+39.79%Buy
83+0.47%-4.14%-2.80%+21.87%15.67x2.08x+20.19%+10.23%+15.59%+18.77%Buy
50+2.03%-2.26%-5.32%+29.08%16.87x2.60x+20.57%+8.13%+14.69%+24.05%Strong Buy
16+0.96%-2.14%+0.51%+15.25%11.48x1.63x+16.75%+7.68%+16.02%+18.18%Buy
49+1.79%-0.60%-0.53%+25.04%14.16x2.37x+27.14%+8.14%+12.17%+12.46%Buy
21+1.14%-5.74%-11.04%+24.89%9.57x2.14x+29.71%+9.11%+17.11%+16.67%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. 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 28.38% over the past year, overperforming other energy stocks by 6 percentage points.

Chord Energy has an average 1 year price target of $208.17, an upside of 18.76% from Chord Energy's current stock price of $175.29.

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. International Seaways (NYSE:INSW)


International Seaways (NYSE:INSW) is the second best energy stock with a Zen Score of 61, which is 27 points higher than the energy sector average of 34. It passed 22 out of 38 due diligence checks and has strong fundamentals. International Seaways has seen its stock return 42.81% over the past year, overperforming other energy stocks by 20 percentage points.

International Seaways has an average 1 year price target of $65.00, an upside of 16.61% from International Seaways's current stock price of $55.74.

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. Patterson Uti Energy (NASDAQ:PTEN)


Patterson Uti Energy (NASDAQ:PTEN) is the third best energy stock with a Zen Score of 61, which is 27 points higher than the energy sector average of 34. It passed 23 out of 38 due diligence checks and has strong fundamentals. Patterson Uti Energy has seen its stock return 0.47% over the past year, underperforming other energy stocks by -22 percentage points.

Patterson Uti Energy has an average 1 year price target of $15.75, an upside of 48.73% from Patterson Uti Energy's current stock price of $10.59.

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.

What are the energy stocks with highest dividends?

Out of 119 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 4.81%.

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 28.84%, which is 24 percentage points higher than the energy sector average of 4.81%. 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.

3. Sandridge Energy (NYSE:SD)


Sandridge Energy (NYSE:SD) has an annual dividend yield of 28.01%, which is 23 percentage points higher than the energy sector average of 4.81%.

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

Why are energy stocks up?

Energy stocks were up 1.05% in the last day, and down -3.22% over the last week. Dmc Global was the among the top gainers in the energy sector, gaining 4.39% yesterday.

DMC Global shares are trading lower after the company reported better-than-expected Q1 2024 adjusted EPS but missed sales estimates.

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 63 points higher than the energy sector average of 37. It passed 7 out of 7 valuation due diligence checks.

Chesapeake Energy's stock has gained 8.34% 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 63 points higher than the energy sector average of 37. It passed 7 out of 7 valuation due diligence checks.

Chord Energy's stock has gained 28.38% in the past year. It has overperformed other stocks in the energy sector by 6 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 49 points higher than the energy sector average of 37. It passed 6 out of 7 valuation due diligence checks.

Patterson Uti Energy's stock has gained 0.47% in the past year. It has underperformed other stocks in the energy sector by -22 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 18.85% 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 13.07x.
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.