Based on key financial metrics such as the price-to-sales ratio, shareholder yield and the price-earnings ratio, the following 7 stocks made the list for top value stocks in the Oil, Gas & Consumable Fuels industry. Those looking for value stocks to add to their portfolio may want to use this list as a starting point for further investment research.

Why Focus on Undervalued Oil, Gas & Consumable Fuels Stocks?

Value investors seek to buy stocks at a discount to their intrinsic value. Long-term returns show that such strategies are advantageous. Value stocks, as a group, tend to outperform growth stocks over extended periods of time. Typically, value investors perform financial analysis of numerous metrics, don’t follow the herd and are long-term investors.

AAII’s A+ Investor Value Grade is derived from a stock’s Value Score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

What Goes Into AAII’s Value Grade?

Stock evaluation requires access to huge amounts of data as well as the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movement. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors with that task.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A–F grades for more than just value. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others. Some stocks may even have null values for certain metrics like the price-earnings ratio or the price-to-book ratio but not others. An example of this would be a company with losses instead of profits or a negative book value because of heavy borrowing. Negative earnings or book value result in non-meaningful ratios that are left blank or null.

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7 Undervalued Oil, Gas & Consumable Fuels Stocks

Of course, there are countless value stocks that are worth mentioning, but this is a concise list of the top 7 undervalued stocks in the Oil, Gas & Consumable Fuels industry for Tuesday, April 21, 2026. Let’s take a closer look at their individual scores to see how they measure up against each other and the Oil, Gas & Consumable Fuels industry median.

The Value Grade is assigned based on how each stock’s composite valuation compares to all other stocks.

The process for assigning grades starts with each variable for a given stock. The percentile rankings for all valid ratios that a stock has are calculated. So, for instance, a stock could have a price-to-book ranking in the 43rd percentile, a price-earnings ranking in the 67th percentile, a price-to-sales ranking in the 23rd percentile, etc. Then, those rankings are averaged for each stock. (A minimum of two valid variables are required, though all six will be used if available.)

Once the average of the individual variables is calculated, that average is ranked against all stocks. Put another way, each stock’s composite valuation is compared to all other stocks. These ranks are then sorted into quintiles from the cheapest 20% (a grade of A) to the most expensive 20% (a grade of F).

As always, we recommend that you conduct proper due diligence and research before investing in any security. We also suggest that investors utilize numerous grades, not just value, when it comes to deciding whether a company is a good fit for their allocation needs.

CrossAmerica Partners LP’s Value Grade

Value Grade:

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers and independent dealers. The Retail segment is involved in the sale of convenience merchandise; and retail sale of motor fuels at company operated retail sites and retail sites operated by commission agents. CrossAmerica GP LLC operates as the general partner of the company. The company was formerly known as Lehigh Gas Partners LP and changed its name to CrossAmerica Partners LP in October 2014. The company was founded in 1992 and is based in Allentown, Pennsylvania.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

CrossAmerica Partners LP has a Value Score of 87, which is considered to be undervalued.

When you look at CrossAmerica Partners LP’s price-to-sales ratio at 0.24 compared to the industry median at 1.96, this company has a lower price relative to revenue compared to its peers. This could make CrossAmerica Partners LP’s stock more attractive for value investors.

CrossAmerica Partners LP’s price-earnings ratio is 20.90 compared to the industry median at 15.20. This means it has a higher share price relative to earnings compared to its peers. This could make CrossAmerica Partners LP less attractive for value investors.

Now, let’s assess CrossAmerica Partners LP’s EV/EBITDA ratio, also known as enterprise multiple. At 11.9, when compared to the industry median of 7.0, the company may be considered overvalued in relation to its peers. Value investors could use the enterprise multiple to identify stocks that are considered overvalued or undervalued relative to their industry.

Shareholder yield is the sum of a stock’s dividend yield (paid over previous 12 months minus special dividends) and the percentage of net share buybacks over the previous 12 months. CrossAmerica Partners LP’s shareholder yield is higher than its industry median ratio of 1.90%. Value investors may look for an attractive shareholder yield because it can be a powerful tool for identifying if the company has a good management team.

Comstock Resources, Inc.’s Value Grade

Value Grade:

Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets covering an area of approximately 1,069,991 acres are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Comstock Resources, Inc. has a Value Score of 69, which is considered to be undervalued.

Comstock Resources, Inc.’s price-earnings ratio is 12.6 compared to the industry median at 15.2. This means that it has a lower price relative to its earnings compared to its peers. This makes Comstock Resources, Inc. more attractive for value investors.

Comstock Resources, Inc.’s price-to-book ratio is lower than its peers. This could make Comstock Resources, Inc. fairly attractive for value investors when compared to the industry median at 1.90.

You can read more about Comstock Resources, Inc.’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Devon Energy Corporation’s Value Grade

Value Grade:

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Devon Energy Corporation has a Value Score of 89, which is considered to be undervalued.

Devon Energy Corporation’s price-earnings ratio is 10.8 compared to the industry median at 15.2. This means that it has a lower price relative to its earnings compared to its peers. This makes Devon Energy Corporation more attractive for value investors.

Devon Energy Corporation’s price-to-book ratio is higher than its peers. This could make Devon Energy Corporation less attractive for value investors when compared to the industry median at 1.90.

You can read more about Devon Energy Corporation’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Excelerate Energy, Inc.’s Value Grade

Value Grade:

Excelerate Energy, Inc. owns and operates liquefied natural gas (LNG) and natural gas infrastructure assets. The company operates floating regasification terminals. It also offers various terminal services, including providing the crew, and technical and other services related to the floating regasification terminal’s operation. In addition, the company sells natural gas, LNG, power, and steam. The company was founded in 2003 and is headquartered in The Woodlands, Texas. Excelerate Energy, Inc. is a subsidiary of Excelerate Energy Holdings, LLC.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Excelerate Energy, Inc. has a Value Score of 63, which is considered to be undervalued.

Excelerate Energy, Inc.’s price-earnings ratio is 27.2 compared to the industry median at 15.2. This means that it has a higher price relative to its earnings compared to its peers. This makes Excelerate Energy, Inc. less attractive for value investors.

Excelerate Energy, Inc.’s price-to-book ratio is higher than its peers. This could make Excelerate Energy, Inc. less attractive for value investors when compared to the industry median at 1.90.

You can read more about Excelerate Energy, Inc.’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Riley Exploration Permian, Inc.’s Value Grade

Value Grade:

Riley Exploration Permian, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. Its acreage is primarily located on contiguous blocks in Yoakum County, Texas; and oil and natural gas properties in the Yeso trend of the Permian Basin in Eddy County, New Mexico. The company is headquartered in Oklahoma City, Oklahoma.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Riley Exploration Permian, Inc. has a Value Score of 93, which is considered to be undervalued.

Riley Exploration Permian, Inc.’s price-earnings ratio is 4.5 compared to the industry median at 15.2. This means that it has a lower price relative to its earnings compared to its peers. This makes Riley Exploration Permian, Inc. more attractive for value investors.

Riley Exploration Permian, Inc.’s price-to-book ratio is higher than its peers. This could make Riley Exploration Permian, Inc. less attractive for value investors when compared to the industry median at 1.90.

You can read more about Riley Exploration Permian, Inc.’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

TotalEnergies SE’s Value Grade

Value Grade:

TotalEnergies SE, an integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally. The company was formerly known as TOTAL SE and changed its name to TotalEnergies SE in June 2021. TotalEnergies SE was incorporated in 1924 and is headquartered in Courbevoie, France.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

TotalEnergies SE has a Value Score of 72, which is considered to be undervalued.

TotalEnergies SE’s price-earnings ratio is 15.1 compared to the industry median at 15.2. This means that it has a lower price relative to its earnings compared to its peers. This makes TotalEnergies SE more attractive for value investors.

TotalEnergies SE’s price-to-book ratio is higher than its peers. This could make TotalEnergies SE less attractive for value investors when compared to the industry median at 1.90.

You can read more about TotalEnergies SE’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Valero Energy Corporation’s Value Grade

Value Grade:

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB) and Conventional Blendstock for Oxygenate Blending (CBOB) gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils. It sells its refined products through wholesale rack and bulk markets; and through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also owns and operates renewable diesel and ethanol plants, as well as produces and sells renewable diesel, renewable naphtha, and neat sustainable aviation fuel under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distillers grains, syrup, and inedible distillers corn oil to animal feed customers. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Valero Energy Corporation has a Value Score of 65, which is considered to be undervalued.

Valero Energy Corporation’s price-earnings ratio is 29.9 compared to the industry median at 15.2. This means that it has a higher price relative to its earnings compared to its peers. This makes Valero Energy Corporation less attractive for value investors.

Valero Energy Corporation’s price-to-book ratio is lower than its peers. This could make Valero Energy Corporation more attractive for value investors when compared to the industry median at 1.90.

You can read more about Valero Energy Corporation’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Other Oil, Gas & Consumable Fuels Stock Grades

Value is just one of the five Stock Grades included in our A+ Investor service. AAII members can see the top-graded stocks—those with grades of A or B for value, growth, momentum, earnings estimate revisions and quality—on the A+ Stock Grades Screener.

Also, if you want full access to all of AAII’s premium services, you can subscribe to one convenient bundled plan called AAII Platinum where you can try out A+ Investor, AAII Dividend Investing, the Stock Superstars Report, Growth Investing and VMQ Stocks. With the other premium services, you can dive deep into additional metrics, portfolios, commentary and information about Oil, Gas & Consumable Fuels stocks as well as other industrys.

Choosing Which of the 7 Best Oil, Gas & Consumable Fuels Stocks Is Right for You

Choosing which value stocks to invest in will ultimately depend on your individual goals and allocation; however, comparing similar value stocks in the same industry can help you analyze which might be better investments for you in the long run. So, let’s take a look at the Value Grade for all of our stocks.

• CrossAmerica Partners LP stock has a Value Grade of A.
• Comstock Resources, Inc. stock has a Value Grade of B.
• Devon Energy Corporation stock has a Value Grade of A.
• Excelerate Energy, Inc. stock has a Value Grade of B.
• Riley Exploration Permian, Inc. stock has a Value Grade of A.
• TotalEnergies SE stock has a Value Grade of B.
• Valero Energy Corporation stock has a Value Grade of B.

Now that you have a bit more background about each of the 7 undervalued stocks in the Oil, Gas & Consumable Fuels industry as well as their overall grades, it’s time for you to conduct additional research to see if these could fit your portfolio needs based on your goals and risk tolerance. AAII can help you figure out both and identify which investments align with what works best for you.

We do so through a program of education that teaches you to invest for yourself and become an effective manager of your own wealth—no more relying on others for your financial independence. You can rely on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis that makes you a better investor.

A+ Investor adds to that qualitative teaching by giving you a powerful data suite that helps you whittle down investment decisions to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

Additional Resources About Oil, Gas & Consumable Fuels Stocks

Want to learn more about Oil, Gas & Consumable Fuels stocks to see if they could be the right investment for you? Check out some additional resources and articles to help you on your financial journey.

• 7 Undervalued Oil, Gas & Consumable Fuels Stocks for Tuesday, April 21
• Is Chevron Corporation (CVX) Overvalued?
• Is ConocoPhillips (COP) Overvalued?
• Is Exxon Mobil Corporation (XOM) Overvalued?

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith and we accept no liability for any errors or omissions. The full disclaimer can be read here.