Based on key financial metrics such as the price-to-sales ratio, shareholder yield and the price-earnings ratio, the following 6 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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6 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 6 undervalued stocks in the Oil, Gas & Consumable Fuels industry for Thursday, October 01, 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 71, which is considered to be undervalued.

When you look at CrossAmerica Partners LP’s price-to-sales ratio at 0.23 compared to the industry median at 1.82, 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 15.70 compared to the industry median at 12.35. 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 10.0, when compared to the industry median of 6.4, 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 1.75%. 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.

Lastly, let’s take a look at CrossAmerica Partners LP’s price-to-free-cash-flow ratio (P/FCF), which can indicate a company’s market value relative to its operating cash flow. CrossAmerica Partners LP’s price-to-free-cash-flow ratio is higher than its industry median ratio of 15.75. This could make CrossAmerica Partners LP less attractive because the higher P/FCF ratio indicates that CrossAmerica Partners LP 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.

DHT Holdings, Inc.’s Value Grade

Value Grade:

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India. The company also offers technical management services. As of December 15, 2025, it had a fleet of 22 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

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.

DHT Holdings, Inc. has a Value Score of 77, which is considered to be undervalued.

DHT Holdings, Inc.’s price-earnings ratio is 7.7 compared to the industry median at 12.4. This means that it has a lower price relative to its earnings compared to its peers. This makes DHT Holdings, Inc. more attractive for value investors.

DHT Holdings, Inc.’s price-to-book ratio is lower than its peers. This could make DHT Holdings, Inc. more attractive for value investors when compared to the industry median at 1.86.

You can read more about DHT Holdings, 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.

Frontline plc’s Value Grade

Value Grade:

Frontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide. The company owns and operates oil and product tankers, such as very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2025, it operated a fleet of 80 vessels, including 41 VLCCs, 21 Suezmax tankers, and 18 LR2/Aframax tankers. The company is also involved in the charter, purchase, and sale of vessels. Frontline plc was founded in 1985 and is based in Limassol, Cyprus.

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.

Frontline plc has a Value Score of 69, which is considered to be undervalued.

Frontline plc’s price-earnings ratio is 7.4 compared to the industry median at 12.4. This means that it has a lower price relative to its earnings compared to its peers. This makes Frontline plc more attractive for value investors.

Frontline plc’s price-to-book ratio is lower than its peers. This could make Frontline plc more attractive for value investors when compared to the industry median at 1.86.

You can read more about Frontline plc’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.

Mach Natural Resources LP’s Value Grade

Value Grade:

Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids (NGL) reserves. The company owns a portfolio of midstream assets, as well as owns gathering systems, processing plants. and water infrastructure. It also operates proved developed producing (PDP) wells. The company has operations in Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas; the San Juan Basin region of New Mexico and Colorado; and the Permian Basin region of West Texas. The company was incorporated in 2023 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.

Mach Natural Resources LP has a Value Score of 69, which is considered to be undervalued.

Mach Natural Resources LP’s price-earnings ratio is 16.1 compared to the industry median at 12.4. This means that it has a higher price relative to its earnings compared to its peers. This makes Mach Natural Resources LP less attractive for value investors.

Mach Natural Resources LP’s price-to-book ratio is higher than its peers. This could make Mach Natural Resources LP less attractive for value investors when compared to the industry median at 1.86.

You can read more about Mach Natural Resources 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.

TORM plc’s Value Grade

Value Grade:

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom and internationally. It operates in two segments, Tanker and Marine Engineering. The Tanker segment transports refined oil products, such as gasoline, jet fuel, diesel, naphtha, and gas oil, as well as dirty petroleum products, such as residual fuels and crude oil. The Marine Engineering segment engages in developing and producing advanced and green marine equipment. TORM plc was founded in 1889 and is based in London, the United Kingdom.

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.

TORM plc has a Value Score of 86, which is considered to be undervalued.

TORM plc’s price-earnings ratio is 6.2 compared to the industry median at 12.4. This means that it has a lower price relative to its earnings compared to its peers. This makes TORM plc more attractive for value investors.

TORM plc’s price-to-book ratio is higher than its peers. This could make TORM plc less attractive for value investors when compared to the industry median at 1.86.

You can read more about TORM plc’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, Africa, and internationally. It operates through Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services segments. The Exploration & Production segment engages in the activities of exploration and production of oil and natural gas, as well as carbon storage. The Integrated LNG segment is involved in the upstream and midstream LNG activities, as well as biogas and synthetic methane activities, as well as gas trading. The Integrated Power segment engages in the generation, storage, electricity trading, and B2B-B2C distribution of gas and electricity. The Refining & Chemicals segment is involved in the industrial hub activities comprising the activities of refining, petrochemicals and specialty chemicals. This segment also includes the activities of oil supply, trading and marine shipping, as well as hydrogen activities. The Marketing & Services segment engages in the marketing activities in the field of petroleum products, as well as corresponding supply and logistics activities. 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 85, which is considered to be undervalued.

TotalEnergies SE’s price-earnings ratio is 10.7 compared to the industry median at 12.4. 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 1.86.

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.

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 6 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 B.
• DHT Holdings, Inc. stock has a Value Grade of B.
• Frontline plc stock has a Value Grade of B.
• Mach Natural Resources LP stock has a Value Grade of B.
• TORM plc stock has a Value Grade of A.
• TotalEnergies SE stock has a Value Grade of A.

Now that you have a bit more background about each of the 6 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.

• Diversification and Discipline Drive Gains for Model Shadow Stock Portfolio
• Using Momentum to Spot Outperforming Stocks
• 6 Undervalued Oil, Gas & Consumable Fuels Stocks for Wednesday, September 30
• Is Uranium Energy Corp. (UEC) 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.