In this article, we will take a look at the 5 Best Energy Stocks to Buy According to Wall Street Analysts. For a deeper discussion and an extended list, please see the 14 Best Energy Stocks to Buy According to Wall Street Analysts.
5. Sable Offshore Corp. (NYSE:SOC)
Upside Potential as of March 22: 39.38%
Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California.
On March 16, Roth Capital upped its price target on Sable Offshore Corp. (NYSE:SOC) from $22 to $24, while maintaining a ‘Buy’ rating on the shares. The revised target, which indicates an upside of almost 31% from the current levels, comes after the company announced that it had finally resumed oil transportation through the Santa Ynez Pipeline System earlier this month.
The development comes after the Trump administration officially directed Sable Offshore Corp. (NYSE:SOC) to restore oil drilling operations off the California coast, in a bid to ease the global supply disruptions created by the conflict in the Middle East. The President’s Defense Production Act order is aimed at ‘ensuring that West Coast military installations have the reliable energy critical to military readiness’. Sable now expects sales to commence on April 1.
As a result, Roth raised Sable’s earnings estimate for FY 2026 by 26% to reflect the company’s higher output, with the FY 2027 estimate also being bumped by 5%. The analyst cited the company’s higher cash flows for the target increase.
Sable Offshore Corp. (NYSE:SOC) was also recently included in our list of The $200 Oil Playbook: 10 Energy Stocks Positioned to Outperform as the Strait Remains Closed.
4. National Energy Services Reunited Corp. (NASDAQ:NESR)
Upside Potential as of March 22: 46.20%
National Energy Services Reunited Corp. (NASDAQ:NESR) provides oilfield services in the Middle East and North Africa region.
National Energy Services Reunited Corp. (NASDAQ:NESR) received a boost on March 16 when the company announced that it had secured several contracts for cementing work with clients in Kuwait and North Africa. The awards, valued at approximately $300 million, bolster the firm’s leading position in the MENA region for cementing for the next five years.
Sherif Foda, Chairman and CEO at National Energy Services Reunited Corp. (NASDAQ:NESR), commented:
“Based on our philosophy of fortifying our biggest segments in core countries and pulling-through these capabilities to new areas, we are pleased to see these new awards that solidify our leading position in Cementing for years to come. The benefit of regional scale in segments like Cementing include operational agility and the ability to enhance our offering with new technologies. We’re honored to now have such a solid position in Kuwait, and humbly thank our dearest clients for their trust. New awards across North Africa demonstrate our ability to expand quickly outside of our core Gulf footprint, and underscore the growth potential in Libya and beyond.”
National Energy Services Reunited Corp. (NASDAQ:NESR) hit an all-time high after reporting strong results for its Q4 2025 last month, with the company beating estimates in both earnings and revenue. The impressive performance followed the announcement of several significant contract awards by NESR, most notably its integrated unconventional completions scope in Saudi Arabia’s Jafurah development, which further solidifies its long-standing partnership with Aramco.
As of the wiring of this piece, the share price of National Energy Services Reunited Corp. (NASDAQ:NESR) has surged by almost 40% since the beginning of 2026.
3. Diversified Energy Company (NYSE:DEC)
Upside Potential as of March 22: 53.74%
Diversified Energy Company (NYSE:DEC) responsibly produces, transports, and markets primarily natural gas and natural gas liquids from existing assets in the United States.
Diversified Energy Company (NYSE:DEC) announced on March 19 that it had repurchased 300,000 shares of its common stock at a volume-weighted average price of $14.20 per share. The transaction was executed by Morgan Stanley & Co. LLC, and is part of the company’s share buyback program that it announced last month. The repurchased shares will be cancelled, reducing DEC’s outstanding share count to 72,305,682. The figure will act as the new denominator for shareholders for regulatory disclosure thresholds and may modestly enhance the company’s earnings per share.
Diversified Energy Company (NYSE:DEC) bought back around 7.3 million shares in 2025, reducing its share count by approximately 10%. The company then authorized a new share buyback program on February 26, with a target to repurchase approximately 7.8 million shares through March 1, 2027. The new plan will further reduce DEC’s total outstanding share count by around 10%.
2. Oklo Inc. (NYSE:OKLO)
Upside Potential as of March 22: 68.68%
Backed by OpenAI’s Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States.
On March 18, B. Riley lowered its price target on Oklo Inc. (NYSE:OKLO) from $129 to $92, but maintained its ‘Buy’ rating on the shares. The revised target still indicates an upside of over 65% from the current levels.
The analyst highlighted the significant progress Oklo Inc. (NYSE:OKLO) has made across its power, fuel, and isotope businesses recently. This includes approvals from the Department of Energy supporting the company’s first Aurora SMR plant at the Idaho National Laboratory, a prepayment deal with Meta for up to 1.2 GW of power supply in Ohio, and progress in the construction of a nuclear fuel facility. Notably, Oklo’s wholly owned subsidiary, Atomic Alchemy, received a materials license from the NRC earlier this month. This permits the company to receive, handle, and process isotopes at its Idaho Radiochemistry Laboratory.
Oklo Inc. (NYSE:OKLO) also reported its Q4 2025 results on March 17, with the company exiting the quarter with $1.4 billion in cash and raising an additional $1.2 billion post-quarter. The nuclear startup is targeting its operating cash use for FY 2026 to be in the range of $80 million to $100 million, with investing cash use expected to be between $350 million and $450 million.
1. NuScale Power Corporation (NYSE:SMR)
Upside Potential as of March 22: 70.41%
Topping our list of the Best Energy Stocks According to Analysts is NuScale Power Corporation (NYSE:SMR). The company provides small modular reactor technology solutions. Its groundbreaking NuScale Power Module is a 12-module plant that can produce up to 924 MWe of carbon-free energy.
NuScale Power Corporation (NYSE:SMR) had a setback on March 19 when UBS reduced its price target on the stock from $20 to $13, while keeping a ‘Neutral’ rating on the shares. The lowered target still reflects an upside potential of over 9% from the current share price.
NuScale Power Corporation (NYSE:SMR) boasts a significant first-mover advantage over other next-gen nuclear reactor developers, since its NuScale Power Module is the only small modular reactor (SMR) with a standard design approval from the Nuclear Regulatory Commission. However, while the company currently has two designs approved by the NRC, it has yet to manufacture and sell its first SMR for commercial use.
NuScale Power Corporation (NYSE:SMR) was recently included in our list of the Top 10 Nuclear Energy Stocks to Invest in for the Next 5 Years.
While we acknowledge the potential of SMR 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 SMR and that has 100x upside potential, check out our report about the cheapest AI stock.
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