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Best Oil & Gas E&P stocks by quality

Of the 60 stocks listed here, 2 reach the maximum quality score. The median valuation of the group comes out at 8.3 times its free cash flow. Among those with the maximum score, the cheapest is Capricorn Energy (CNE.L), at 6.7 times its free cash flow.

The Oil & Gas E&P stocks with the highest scores from our fundamental analysis, ranked from best to worst quality, with their valuation (P/FCF). Click a stock for its full analysis.

#StockQuality scoreP/FCF
1Primeenergy Resources Corp (PNRG)10/1010.1x
2Capricorn Energy PLC (CNE.L)10/106.7x
3Texas Pacific Land Corp (TPL)9/1045.5x
4Sino Prima Gas Technology Co., Ltd. (300483.SZ)9/1012.3x
5Riley Exploration Permian Inc (REPX)8/103.9x
6PT Raharja Energi Cepu Tbk (RATU.JK)8/1036.2x
7Po Valley Energy Limited (PVE.AX)8/1018.6x
8Gulfport Energy Corp (GPOR)8/103.2x
9Sino Geophysical Co., Ltd (300191.SZ)8/10n.d.
10Jupiter Energy Limited (JPR.AX)7/910.0x
11Mexco Energy Corp (MXC)7/105.6x
12Magnolia Oil & Gas Corp (MGY)7/1016.9x
13Horizon Oil Limited (HZN.AX)7/106.7x
14Gas Plus S.p.A. (GSP.MI)7/105.3x
15Presidio Production Co (FTW)7/1027.7x
16Cue Energy Resources Limited (CUE.AX)7/107.1x
17ConocoPhillips (COP)7/106.4x
18APA Corp (US) (APA)7/108.9x
19Nass Petrol Factory Company (9609.SR)7/108.0x
20Valeura Energy Inc. (VLE.TO)6/1013.1x
21Trio Petroleum Corp (TPET)6/10n.d.
22Tenaz Energy Corp. (TNZ.TO)6/10n.d.
23TMK Energy Limited (TMK.AX)6/10n.d.
24PetroTal Corp. (TAL.TO)6/104.3x
25RH PetroGas Limited (T13.SI)6/108.2x
26Saturn Oil & Gas Inc. (SOIL.TO)6/106.3x
27Range Resources Corp (RRC)6/1014.6x
28Red Sky Energy Limited (ROG.AX)6/10n.d.
29Parex Resources Inc. (PXT.TO)6/108.6x
30Prairie Operating Co (PROP)6/10n.d.
31Prio S.A. (PRIO3.SA)6/10n.d.
32Prabha Energy Limited (PRABHA.NS)6/10n.d.
33Permian Resources Corp (PR)6/1011.3x
34Ovintiv Inc (OVV)6/107.4x
35Otto Energy Limited (OEL.AX)6/104.1x
36NuEnergy Gas Limited (NGY.AX)6/10n.d.
37Murphy Oil Corp (MUR)6/103.9x
38Kolibri Global Energy Inc (KGEI)6/10n.d.
39Kolibri Global Energy Inc. (KEI.TO)6/10n.d.
40Infinity Natural Resources Inc (INR)6/10n.d.
41Granite Ridge Resources Inc (GRNT)6/103.7x
42Gujarat Natural Resources Limited (GNRL.NS)6/10n.d.
43FAR Limited (FAR.AX)6/10n.d.
44Expand Energy Corp (EXE)6/105.2x
45Evolution Petroleum Corp (EPM)6/105.8x
46VAALCO Energy Inc (EGY)6/104.4x
47Devon Energy Corp (DVN)6/1016.5x
48Deep Industries Limited (DEEPINDS.NS)6/10149.0x
49Central Petroleum Limited (CTP.AX)6/108.1x
50CNX Resources Corp (CNX)6/109.7x
51Canadian Natural Resources Ltd (CNQ)6/1024.8x
52Condor Energies Inc. (CDR.TO)6/10n.d.
53Baytex Energy Corp (BTE)6/1018.5x
54Australis Oil & Gas Limited (ATS.AX)6/1011.1x
55Athabasca Oil Corporation (ATH.TO)6/1028.1x
56Antero Resources Corp (AR)6/108.4x
57Antelopus Selan Energy Limited (ANTELOPUS.NS)6/10n.d.
5888 Energy Limited (88E.AX)6/10n.d.
59Rex International Holding Limited (5WH.SI)6/10n.d.
60Japan Petroleum Exploration Co., Ltd. (1662.T)6/106.1x

Our quality score judges how solid a business is across 10 objective financial criteria (profitability, free cash flow growth, share buybacks, debt, return on capital). The P/FCF (price to free cash flow) shows whether the stock is cheap or expensive. Full method: our methodology.

To place these multiples against sector averages, the reference public sector data is Aswath Damodaran's (NYU Stern).

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