In this article, we will look at the 10 Best Oil and Gas Stocks to Buy for the Next Decade.
On June 26, Jeremy Siegel, the Wharton School Professor of Finance and WisdomTree chief economist, appeared on CNBC’s ‘Closing Bell’ to talk about the areas of the equity markets that are poised for strength through year-end.
He said that he has rarely seen such violent relative volatility, going from for tech to against tech. He stated that he has seen markets go up and down, and usually the sectors are pretty well-correlated. But right now, the sectors are as uncorrelated as he has ever seen, with investors torn between questions like whether tech is the place to be, or that the threat is there and they should be in the so-called real economy. He believes that this is where the volatility is confusing investors.
READ ALSO: 10 Most Promising Future Stocks to Buy Right Now AND 10 Cheap Small Cap Stocks to Buy Now.
Siegel further talked about how we had a sharp decline a couple of weeks ago, and he said that is usually not the end; it usually challenges it and sees if it could go above it. Nasdaq had that decline, challenged it, and now seems to be fading again. Therefore, he believes that tech is now in a more precarious situation than we saw in that sell-off a couple of weeks ago.
With these broader market trends in view, let’s narrow down and look at the best oil and gas stocks to buy for the next decade.
Our Methodology
We used the Finviz stock screener to identify the best oil and gas stocks with a 5-year EPS growth estimate of over 30%. We then selected the top 10 stocks most popular among hedge funds as of Q1 2026, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of hedge fund sentiment.
Note: All data was recorded on July 1.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 Best Oil and Gas Stocks to Buy for the Next Decade
10. Comstock Resources, Inc. (NYSE:CRK)
Number of Hedge Fund Holders: 23
Comstock Resources, Inc. (NYSE:CRK) is one of the best oil and gas stocks to buy for the next decade. Goldman Sachs cut the price target on Comstock Resources, Inc. (NYSE:CRK) to $10 from $13 on June 30, maintaining a Sell rating on the shares.
The stock also received a rating update from Morgan Stanley on June 29, with the firm lowering the price target on the stock to $16 from $18 while maintaining an Equal Weight rating on the shares. The firm noted that since the announcement of a memorandum of understanding between Iran and the United States on June 14, oil prices have declined, with WTI now sitting only slightly above pre-conflict levels. The firm thus refreshed its estimates for the latest energy prices.
For reference, in its financial results for fiscal Q1 2026, Comstock Resources, Inc. (NYSE:CRK) announced that natural gas oil sales, including realized hedging losses, came up to $339 million for the quarter, with an operating cash flow of $192 million or $0.66 per share and adjusted EBITDAX of $251 million for the quarter.
Comstock Resources, Inc. (NYSE:CRK) is involved in the acquisition, development, and exploration of oil and natural gas, with its operations concentrated in the Haynesville shale, a premier natural gas basin located in East Texas.
9. Borr Drilling Limited (NYSE:BORR)
Number of Hedge Fund Holders: 28
Borr Drilling Limited (NYSE:BORR) is one of the best oil and gas stocks to buy for the next decade. Capital One initiated coverage of Borr Drilling Limited (NYSE:BORR) with an Overweight rating on July 1 and set a price target of $6 on the stock. For reference, in its financial results for fiscal Q1 2026, Borr Drilling Limited (NYSE:BORR) reported total operating revenues of $247.0 million, reflecting a decrease of $12.4 million or 5% compared to fiscal Q4 2025. The company further reported that net loss for the quarter was $29.0 million compared to net loss of $1.0 million in the fourth quarter of 2025, while adjusted EBITDA for fiscal Q1 2026 was $88.5 million, reflecting a decrease of $16.7 million or 16% compared to fiscal Q4 2025.
Borr Drilling Limited (NYSE:BORR) also completed the acquisition of five premium jack-up rigs from Noble Corporation in January 2026 for a total purchase price of $360 million, and entered into agreements for the acquisition of five premium jack-up rigs via a new 50/50 joint venture for a total purchase price of $287 million.
Borr Drilling Limited (NYSE:BORR) is involved in the provision of offshore drilling services to the oil and gas industry. The company’s operations are divided into the Dayrate and Integrated Well Services (IWS) segments.
8. Helmerich & Payne, Inc. (NYSE:HP)
Number of Hedge Fund Holders: 30
Helmerich & Payne, Inc. (NYSE:HP) is one of the best oil and gas stocks to buy for the next decade. Citi cut the price target on Helmerich & Payne, Inc. (NYSE:HP) to $36 from $38 on June 29 and reaffirmed a Neutral rating on the shares. The firm told investors in a research note that it updated models in the land driller group, saying the companies are at a “crossroads.” It added that they should see momentum in fiscal Q3, but improvement past that quarter is at risk with the 2027 oil strip recently falling toward $66.
Helmerich & Payne, Inc. (NYSE:HP) also received a rating update from Goldman Sachs on June 4. The firm lifted the price target on the stock to $41 from $35 and maintained a Neutral rating on the shares, with the rating update coming as part of a broader research note on energy names. The firm told investors in the research note that incremental improvements in oilfield activity, with rigs resuming work in the Middle East and subsequent price action in oilfield service stocks, have created unique opportunities.
Helmerich & Payne, Inc. (NYSE:HP) is involved in the provision of drilling solutions and technologies. Its operations are divided into the following segments: North America Solutions, Offshore Solutions, International Solutions, and Others.
7. Murphy Oil Corporation (NYSE:MUR)
Number of Hedge Fund Holders: 32
Murphy Oil Corporation (NYSE:MUR) is one of the best oil and gas stocks to buy for the next decade. Murphy Oil Corporation (NYSE:MUR) announced on June 22 an oil discovery at the Bubale-1X exploration well in Block CI-709, which is located approximately 40 miles offshore Côte d’Ivoire. The company reported that the Bubale-1X well was drilled to a total depth of 20,548 feet (6,263 meters) in 7,795 feet (2,376 meters) of water, and encountered 100 feet (30 meters) of net oil pay across two reservoirs. It added that the preliminary assessment indicated high-quality light oil. Eric Hambly, President and Chief Executive Officer, stated that the early results at Bubale “reinforce the prospectivity of our Côte d’Ivoire acreage”, adding that the company’s immediate focus now is to advance the “evaluation plans to define the discovery’s full potential”.
Murphy Oil Corporation (NYSE:MUR) further reported that the Bubale-1X well is the third and final well in the company’s current three-well exploration campaign in Côte d’Ivoire, and after these results, it would move into the next phase of evaluation, with one well planned for the second half of 2026 to test the extent of the discovery.
Murphy Oil Corporation (NYSE:MUR) is involved in the exploration and production of oil and natural gas. The company’s operations are divided into the Exploration and Production, and Corporate and Other segments.
6. National Energy Services Reunited Corp. (NASDAQ:NESR)
Number of Hedge Fund Holders: 33
National Energy Services Reunited Corp. (NASDAQ:NESR) is one of the best oil and gas stocks to buy for the next decade. UBS lifted the price target on National Energy Services Reunited Corp. (NASDAQ:NESR) to $36 from $32 on June 30 while maintaining a Buy rating on the shares. The firm told investors in a research note that it sees accelerating Jafurah activity driving fiscal Q2 revenue and EBITDA 4% above Street estimates.
For reference, in its financial results for fiscal Q1 2026, National Energy Services Reunited Corp. (NASDAQ:NESR) reported revenue of 404.6 million, reflecting an increase of 33.5% year-over-year and 1.6% sequentially. It further reported that net income for the quarter ended March 31, 2026, reached $23.8 million, improving 205.4% sequentially and 129.3% year-over-year. Diluted Earnings per Share (EPS) for the quarter came in at $0.23, representing an increase of 109.1% year-over-year and 201.3% sequentially, with adjusted EBITDA of $76.7 million, improving 22.7% year-over-year. Management reported that operating cash flow for the quarter ended March 31, 2026, reached $30.7 million, growing 50.1% year-over-year.
National Energy Services Reunited Corp. (NASDAQ:NESR) is a holding company involved in the provision of oilfield services. The company’s operations are divided into Production Services and Drilling and Evaluation Services.
While we acknowledge the potential of NESR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NESR and that has 100x upside potential, check out our report about the cheapest AI stock.
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