5 Best Oil and Gas Stocks to Buy for the Next Decade

In this article, we will list the 5 Best Oil and Gas Stocks to Buy for the Next Decade. Please visit 10 Best Oil and Gas Stocks to Buy for the Next Decade if you would like to see the extended list and the methodology behind it.

5. Noble Corporation plc (NYSE:NE)

Number of Hedge Fund Holders: 36

Noble Corporation plc (NYSE:NE) is one of the best oil and gas stocks to buy for the next decade. Citi cut the price target on Noble Corporation plc (NYSE:NE) to $45 from $52 on June 30 and maintained a Neutral rating on the shares. The rating update came after the meeting with management, with the firm citing the company’s rig downtime in Brazil and updated contracts for the target cut. It further told investors in a research note that the Noble Faye Kozack and Noble Courage floaters suffered 50-60 days of downtime due to technical compliance issues in fiscal Q2, which is a $40M revenue headwind.

In a separate development, Noble Corporation plc (NYSE:NE) announced the pricing of an upsized offering of $800 million in aggregate principal amount of 6.250% Senior Notes due 2034. It stated that the offering, which was originally planned for $500 million, was increased in size and is expected to close on or about June 11, pending customary closing conditions.

Noble Corporation plc (NYSE:NE) provides contract drilling services to the international oil and gas industry.