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15 Best Oil Stocks to Buy According to Analysts

In this article, we will take a detailed look at the 15 Best Oil Stocks to Buy According to Analysts. If you want to skip our detailed analysis and see the top 5 stocks in this list, click 5 Best Oil Stocks to Buy According to Analysts.

Despite the buzz and huge investments in the green energy space, oil and gas stocks remain on investors’ radar as economists expect the world’s energy appetite to grow significantly in the coming years amid growth and manufacturing boom. ExxonMobil CEO Darren Woods, while talking to Yahoo Finance, recently said that his company would still be producing oil and gas in 2050. However, Woods acknowledged that the industry dynamics may change significantly in the future.

Effect of AI Boom on the Energy Sector

In addition to economic growth in the long term, the energy sector has another major growth catalyst: AI and data centers. Morgan Stanley said in a report last month that it expects a 15% CAGR in data center power demand from 2023 through 2030. The report said data centers currently account for about 3% of the total power demand in the US. That figure could surge to 8% in 2030. Natural gas companies in the energy sector will be among the biggest beneficiaries of this boom. Goldman Sachs estimates that about 60% of the 47 GW of the required incremental power generation capacity will be fulfilled by gas.

Should You Invest in Oil Stocks? Outlook and Expectations

Last month, State Street Global Advisors said in a report that the energy sector is attractive again, driven by low valuations. The report said that oil prices will get support from global disruptions and geopolitical tensions. The report also said the supply cuts from OPEC+ led by Saudi Arabia will offset the increase in production from the US. State Street also believes Exxon Mobil Corp (NYSE:XOM)’s $60 billion deal to buy Pioneer could increase the oil sector’s earnings. State Street Global Advisors believes the capital discipline practiced by oil companies over the past few years have given a “meaningful” boost to cash flows in the industry. Oil companies took measures to tighten belt and cut costs amid a global shift towards green energy and changing industry dynamics. ExxonMobil’s CEO Darren Woods talked about the company’s cost savings and discipline in Q1 earnings call:

“… If you look at what we’ve been doing here in the $10 billion of structural cost savings that we’ve achieved to date, really has to do with the reorganizations that we started back in 2018, and the continued progress we make in centralizing activities. Finding areas of synergies and focusing on how we drive the most value out of those synergies. Eliminating areas of duplication. Taking expertise and experience that we’ve had in the past scattered across the corporation in different silos. Putting those into centralized organizations.

Getting the collective wisdom of that group and experience to focus on some of our toughest challenges. Part of that is making sure that we’re the lowest cost supplier, and so reducing cost is a big challenge that the organization’s looking at, and these experts are continuing to look for opportunities to optimize. To strike the balance of higher reliability, safer operations, while continuing to find efficiencies, and that’s exactly what they’ve been doing. I think it’s important to put the cost reductions in context that, as we’ve made these reductions, our reliability has improved. As we’ve made these reductions, our safety has improved. We have less injuries on our facilities all around the world. As we’ve made these reductions, our environmental performance has improved.

So it’s a great example of how we can do both of these things with the right experience and capabilities. I think where we’re just are at the early stages of last of quantifying the value and developing a clear line of sight to how we can take advantage of the most recent centralized organizations, we’ll be going through a plan process this year. Now that we’ve got those organizations in place and working with the rest of the businesses and the other centralized organizations to figure out what more can we bring to the table, but I’m extremely optimistic that not only will we hit the $15 billion, certainly by 2027, but I suspect we’ll find even more.”

Read the full earnings call transcript here.

Latest Developments for Oil Stocks

Oil stocks tumbled earlier this month after The U.S. Energy Information Administration reported a surprise jump in commercial crude oil stockpiles.

Oil companies are facing short-term turbulence amid geopolitical risks, inflation-related worries and recession fears. While oil stocks like Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) may face weakness in the short term, analysts believe long-term catalysts make oil stocks attractive for investors.

The S&P 500 Energy (SPN) is up 11% so far this year, while SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has gained about 9% this year.

Photo by Zbynek Burival on Unsplash

Methodology

For this article, we first used a stock screener to identify oil stocks with Buy or better ratings from Wall Street analysts and price targets that are significantly higher than their current stock prices. From these stocks we chose 15 stocks with the highest upside potential based on their average analyst price estimates set by analysts.

15. TXO Partners LP (NYSE:TXO)

Average Analyst Price Target: $54.20609884

Upside Potential: 29.3%

TXO Partners LP (NYSE:TXO) is one of the best oil stock with upside potential according to Wall Street analysts. The stock has a dividend yield of about 12%. In March TXO Partners LP (NYSE:TXO) upped its dividend by 11.5%.

14. Gran Tierra Energy Inc (NYSE:GTE)

Average Analyst Price Target: $13.96

Upside Potential: 50.59331176%

Oil and gas company Gran Tierra Energy Inc (NYSE:GTE) shares have gained about a whopping 64% so far this year through May 9. Earlier this month Gran Tierra Energy Inc (NYSE:GTE) posted Q1 results. Revenue in the quarter jumped 9.6% year over year.

13. Adams Resources & Energy Inc (NYSE:AE)

Average Analyst Price Target: $43.5

Upside Potential: 51.62077379%

Adams Resources & Energy Inc (NYSE:AE) is a dividend-paying energy stock with upside potential. The stock’s dividend yield is about 3.4%.

12. Newpark Resources Inc (NYSE:NR)

Average Analyst Price Target: $11.25

Upside Potential: 53.06122449%

Newpark Resources Inc (NYSE:NR) makes value-added drilling fluid systems and composite matting systems used in oilfield and other commercial markets. The stock’s one year price target set by Wall Street analysts is $11.25, while its current price is $7.35.

Liberty Park Capital Management made the following comment about Newpark Resources, Inc. (NYSE:NR) in its Q3 2023 investor letter:

“Newpark Resources, Inc. (NYSE:NR) announced strategic alternatives for its Fluids business at the end of the second quarter. The company’s second-quarter earnings increased nearly 50% year-over-year driven by margin expansion in the company’s Industrial Solutions segment.”

11. Ring Energy Inc (NYSE:REI)

Average Analyst Price Target: $3

Upside Potential: 69.49152542%

Oil and gas company Ring Energy Inc (NYSE:REI) ranks 11th in our list of the best oil stocks to buy according to Wall Street analysts, as they have a $3 price target on the stock over the next 12 months. The stock closed trading at around $1.7 on May 9.

10. Sable Offshore Corp (NYSE:SOC)

Average Analyst Price Target: $20

Upside Potential: 89%

Oil and gas exploration company Sable Offshore Corp (NYSE:SOC) is one of the best oil stocks to buy according to analysts. Analysts have a one-year average price estimate of $20 for the stock, while it was trading at around $10 as of May 8 market close.

Unlike Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX), Sable Offshore is a small company in the energy sector with low hedge fund sentiment.

9. Riley Exploration Permian Inc (NYSE:REPX)

Average Analyst Price Target: $50.25

Upside Potential: 92.45499809%

With a dividend yield of over 5%, Riley Exploration Permian Inc (NYSE:REPX) ranks ninth in our list of the best oil stocks to buy according to analysts. Riley Exploration Permian Inc (NYSE:REPX) on May 8 posted Q1 results. Adjusted EPS in the period came in at $1.61, beating estimates by $0.14. Revenue jumped 50.2% year over year to $99.74 million, surpassing estimates by $3.07 million.

8. Profire Energy, Inc. (NASDAQ:PFIE)

Average Analyst Price Target: $3.75

Upside Potential: 96.33507853%

Oilfield technology company Profire Energy, Inc. (NASDAQ:PFIE) is a notable name in the energy industry with significant upside potential. Earlier this month Profire Energy, Inc. (NASDAQ:PFIE) posted Q1 results. GAAP EPS in the quarter came in at $0.03, meeting estimates. Revenue fell 6.8% year over year to $13.6 million, beating estimates by $0.5 million.

In addition to smaller companies like Profire, analysts are also watching Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX).

7. Kolibri Global Energy Inc (NASDAQ:KGEI)

Average Analyst Price Target: $6.75

Upside Potential: 106.4220183%

Kolibri Global Energy Inc (NASDAQ:KGEI)  is another oil and gas exploration penny stock with upside potential according to Wall Street analysts. They expect the stock price to reach over $6 over the next one year, while its current price is $3.27.

6. Pyxis Tankers Inc (NASDAQ:PXS)

Average Analyst Price Target: $10

Upside Potential: 112.3142251%

Petroleum tankers company Pyxis Tankers Inc (NASDAQ:PXS) ranks sixth in our list of the best oil stocks to buy according to analysts. Yahoo Finance data shows that the stock’s one-year average price target is $10, while its current price as of May 9 is $4.7.

Click to continue reading and see 5 Best Oil Stocks to Buy According to Analysts.

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Disclosure: None. 15 Best Oil Stocks to Buy According to Analysts was initially published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

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1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

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