Based on key financial metrics such as the price-to-sales ratio, shareholder yield and the price-earnings ratio, the following 5 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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5 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 5 undervalued stocks in the Oil, Gas & Consumable Fuels industry for Monday, May 04, 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.

Alliance Resource Partners, L.P.’s Value Grade

Value Grade:

Alliance Resource Partners, L.P., a diversified natural resource company, engages in the production and marketing of coal to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. It produces bituminous coal from its underground mines sold to electric power generation and the steel production customers. The company operates seven underground mining complexes in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. In addition, it owns and leases oil and gas mineral interests and equity interests; and leases its coal mineral reserves and resources to its mining complexes; and leases land and operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana. Further, the company offers various mining technology products and services, including data network, communication and tracking systems, mining proximity detection systems, industrial collision avoidance systems, and data and analytics software. It also exports its products. Alliance Resource Partners, L.P. was founded in 1971 and is headquartered in Tulsa, 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.

Alliance Resource Partners, L.P. has a Value Score of 73, which is considered to be undervalued.

When you look at Alliance Resource Partners, L.P.’s price-to-sales ratio at 1.53 compared to the industry median at 1.98, this company has a lower price relative to revenue compared to its peers. This could make Alliance Resource Partners, L.P.’s stock more attractive for value investors.

Alliance Resource Partners, L.P.’s price-earnings ratio is 10.90 compared to the industry median at 16.45. This means it has a lower share price relative to earnings compared to its peers. This could make Alliance Resource Partners, L.P. more attractive for value investors.

Now, let’s assess Alliance Resource Partners, L.P.’s EV/EBITDA ratio, also known as enterprise multiple. At 5.3, when compared to the industry median of 6.8, the company may be considered undervalued 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. Alliance Resource Partners, L.P.’s shareholder yield is higher than its industry median ratio of 1.60%. 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.

As one of the most common value metrics, the price-to-book ratio evaluates a company’s current market price relative to its book value. Alliance Resource Partners, L.P.’s price-to-book ratio is lower than its industry median ratio of 2.02. This could make Alliance Resource Partners, L.P. more attractive to investors looking for a new addition to their portfolio.

Lastly, let’s take a look at Alliance Resource Partners, L.P.’s price-to-free-cash-flow ratio (P/FCF), which can indicate a company’s market value relative to its operating cash flow. Alliance Resource Partners, L.P.’s price-to-free-cash-flow ratio is higher than its industry median ratio of 21.25. This could make Alliance Resource Partners, L.P. less attractive because the higher P/FCF ratio indicates that Alliance Resource Partners, L.P. is undervalued. The P/FCF ratio metric can also be viewed over a long-term time frame to see if the company's cash flow to share price value is generally improving or worsening.

Chord Energy Corporation’s Value Grade

Value Grade:

Chord Energy Corporation operates as an independent exploration and production company in the United States. The company engages in the acquisition, exploration, development and production of crude oil, natural gas, and natural gas liquids in the Williston Basin. It sells its products to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. The company was formerly known as Oasis Petroleum Inc. and changed its name to Chord Energy Corporation in July 2022. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, 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.

Chord Energy Corporation has a Value Score of 67, which is considered to be undervalued.

Chord Energy Corporation’s price-earnings ratio is 196.6 compared to the industry median at 16.5. This means that it has a higher price relative to its earnings compared to its peers. This makes Chord Energy Corporation less attractive for value investors.

Chord Energy Corporation’s price-to-book ratio is higher than its peers. This could make Chord Energy Corporation less attractive for value investors when compared to the industry median at 2.02.

You can read more about Chord 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.

Diversified Energy Company’s Value Grade

Value Grade:

Diversified Energy Company, an independent energy company, engages in the production, transportation and marketing of natural gas, oil, and liquids primarily in the Appalachian and Central regions of the United States. It also operates in the Bossier and Haynesville shale formations and the Cotton Valley sandstones in East Texas and West Louisiana, the Barnett Shale in North Texas and the Mid-Continent producing areas across Central Texas, along with the Anadarko Basin across North Texas and Oklahoma and Permian Basin in West Texas and New Mexico. Diversified Energy Company was founded in 2001 and is headquartered in Birmingham, Alabama.

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.

Diversified Energy Company has a Value Score of 87, which is considered to be undervalued.

Diversified Energy Company’s price-earnings ratio is 3.6 compared to the industry median at 16.5. This means that it has a lower price relative to its earnings compared to its peers. This makes Diversified Energy Company more attractive for value investors.

Diversified Energy Company’s price-to-book ratio is higher than its peers. This could make Diversified Energy Company less attractive for value investors when compared to the industry median at 2.02.

You can read more about Diversified Energy Company’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.

FutureFuel Corp.’s Value Grade

Value Grade:

FutureFuel Corp., together with its subsidiaries, manufactures and sells diversified inorganic chemicals, bio-based fuel, and bio-based specialty chemical products in the United States. It operates through two segments: Chemicals and Biofuels. The Chemicals segment includes custom chemicals that are used in coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty chemicals for specific customers under long-term contracts; and performance chemicals, which are multi-customer specialty products such as polymer modifiers, specialty solvents, surfactants, and glycerin products. The Biofuels segment is involved in the production and sale of biodiesel and petrodiesel blends; markets its biodiesel products directly to customers through trucks, barges, and rail cars; and biodiesel using a variety of feedstocks, including soy oil, poultry fat, used cooking oil, and tallow, and generates and sells byproducts such as glycerin and distillation residue. The company offers its chemical products to customers in markets including detergents, agrochemicals, automotive, oil and gas, coatings, nutrition, and polymer additives. The company serves the transportation, agriculture, heating, and energy sectors. FutureFuel Corp. is headquartered in Batesville, Arkansas.

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.

FutureFuel Corp. has a Value Score of 74, which is considered to be undervalued.

FutureFuel Corp.’s price-to-book ratio is higher than its peers. This could make FutureFuel Corp. less attractive for value investors when compared to the industry median at 2.02.

You can read more about FutureFuel Corp.’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.

Sunoco LP’s Value Grade

Value Grade:

Sunoco LP, together with its subsidiaries, engages in the energy infrastructure and distribution of motor fuels in the United States. It operates in four segments: Fuel Distribution, Pipeline Systems, Refinery, and Terminals. The Fuel Distribution segment distributes motor fuels and other petroleum products, such as propane and lubricating oil to third-party dealers and distributors, independent operators of commission agent locations, other commercial consumers of motor fuel, and retail locations; and leases real estate properties. This segment also offers non-fuel products, including in-store merchandise and company-operated retail stores food services, as well as credit card processing, car washes, lottery, and other services. The Pipeline Systems segment includes an integrated pipeline and terminal network comprising refined product, crude oil, and ammonia pipelines and terminals. The Terminals segment operates transmix processing facilities and refined product terminals; and provides blending, additive injections, handling, and filtering services. The company was formerly known as Susser Petroleum Partners LP and changed its name to Sunoco LP in 2014. Sunoco LP was founded in 1960 and is based in Dallas, 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.

Sunoco LP has a Value Score of 75, which is considered to be undervalued.

Sunoco LP’s price-earnings ratio is 30.0 compared to the industry median at 16.5. This means that it has a higher price relative to its earnings compared to its peers. This makes Sunoco LP less attractive for value investors.

Sunoco LP’s price-to-book ratio is higher than its peers. This could make Sunoco LP less attractive for value investors when compared to the industry median at 2.02.

You can read more about Sunoco LP’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 5 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.

• Alliance Resource Partners, L.P. stock has a Value Grade of B.
• Chord Energy Corporation stock has a Value Grade of B.
• Diversified Energy Company stock has a Value Grade of A.
• FutureFuel Corp. stock has a Value Grade of B.
• Sunoco LP stock has a Value Grade of B.

Now that you have a bit more background about each of the 5 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.

• Is Chevron Corporation (CVX) Overvalued?
• Is TotalEnergies SE (TTE) Overvalued?
• Is Exxon Mobil Corporation (XOM) Overvalued?
• Is Shell plc (SHEL) 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.