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

4. NOV Inc. (NYSE:NOV)

Number of Hedge Fund Holders: 39

NOV Inc. (NYSE:NOV) is one of the best oil and gas stocks to buy for the next decade. NOV Inc. (NYSE:NOV) received a rating update from Citi on June 18. The firm lifted the price target on the stock to $22 from $20 and maintained a Neutral rating on the shares, stating that it believes the oilfield services sector will improve in 2027 as active deepwater rig count returns to its previous peak of 135 in 2028. The firm further stated that it expects offshore production equipment order growth next year.

NOV Inc. (NYSE:NOV) also received a rating update from Goldman Sachs on June 4, with the firm cutting the price target on the stock to $19 from $20 while reiterating a Sell rating on the shares. The firm told investors that it is still cautious in the current market environment, and also noted that the company experienced incremental costs from the current disruption in the Middle East. Goldman Sachs added that with the continued disruption, the firm expects a continued impact on fiscal Q2 results for the company, as it sees costs for supplies remaining high through the quarter.

NOV Inc. (NYSE:NOV) is involved in the equipment and technology for the upstream oil and gas industry. The company conducts its operations through the Energy Products and Services and Energy Equipment segments.