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7 top oil tanker stocks to buy in 2024

Ready to invest in the oil industry? Learn how to invest in oil tanker stocks in just a few steps.

The best oil tanker stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top oil stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Golar LNG (GLNG)
  2. SFL Corporation (SFL)
  3. DHT (DHT)
  4. Euronav (EURN)
  5. Scorpio Tankers (STNG)
  6. Teekay Corporation (TK)
  7. Frontline (FRO)

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How to invest in oil tanker stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like GLNG or SFL.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into oil tanker stocks

If you're interested in investing in the oil industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Golar LNG (GLNG)

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.

Golar LNG stock opened the day at $42.30 after a previous close of $42.20. The latest price was $40.61 (25-minute delay). Golar LNG is listed on the NASDAQ, has a trailing 12-month revenue of around USD274.1 million and employs 470 staff.

  • Market capitalization: $4,238,465,792
  • P/E ratio: 312.3846
  • PEG ratio: 0.02

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2. SFL Corporation (SFL)

SFL Corporation Ltd. , a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.

SFL Corporation stock opened the day at $9.83 after a previous close of $9.86. The latest price was $9.80 (25-minute delay). SFL Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$876.1 million and employs 21 staff.

  • Market capitalization: $1,312,641,408
  • P/E ratio: 9.8
  • PEG ratio: -1.57

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3. DHT (DHT)

DHT Holdings, Inc. , through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services.

DHT stock opened the day at $9.03 after a previous close of $9.00. The latest price was $8.99 (25-minute delay). DHT is listed on the NYSE, has a trailing 12-month revenue of around USD$583.8 million and employs 1,212 staff.

  • Market capitalization: $1,451,561,344
  • P/E ratio: 8.99
  • PEG ratio: 3.77

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4. Euronav (EURN)

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels.

Euronav stock opened the day at $0.00 after a previous close of $0.00. The latest price was $0.00 (25-minute delay). Euronav is listed on the NYSE.

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5. Scorpio Tankers (STNG)

Scorpio Tankers Inc. , together with its subsidiaries, engages in the seaborne transportation of crude oil and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.

Scorpio Tankers stock opened the day at $48.50 after a previous close of $47.15. The latest price was $48.17 (25-minute delay). Scorpio Tankers is listed on the NYSE, has a trailing 12-month revenue of around USD$1.4 billion and employs 24 staff.

  • Market capitalization: $2,433,789,184
  • P/E ratio: 3.4481
  • PEG ratio: -0.22

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6. Teekay Corporation (TK)

Teekay Corporation Ltd. engages in the crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers.

Teekay Corporation stock opened the day at $6.32 after a previous close of $6.30. The latest price was $6.36 (25-minute delay). Teekay Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$1.3 billion and employs 2,200 staff.

  • Market capitalization: $557,726,848
  • P/E ratio: 4.2119
  • PEG ratio: 0.27

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7. Frontline (FRO)

Frontline plc, a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2023, the company operated a fleet of 76 vessels.

Frontline stock opened the day at $13.88 after a previous close of $13.83. The latest price was $13.78 (25-minute delay). Frontline is listed on the NYSE, has a trailing 12-month revenue of around USD$1.9 billion and employs 88 staff.

  • Market capitalization: $3,067,745,024
  • P/E ratio: 5.6016
  • PEG ratio: 0

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Bottom line

While it’s possible to turn a profit investing in oil tanker stocks, keep in mind that — like any investment — oil tanker stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the oil industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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