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.
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.
3. Solaris Energy Infrastructure, Inc. (NYSE:SEI)
Number of Hedge Fund Holders: 57
Solaris Energy Infrastructure, Inc. (NYSE:SEI) is one of the best oil and gas stocks to buy for the next decade. Needham initiated coverage of Solaris Energy Infrastructure, Inc. (NYSE:SEI) with a Buy rating on June 29 and set a price target of $97. The firm told investors in a research note that the company offers behind-the-meter natural gas power to data centers and other large loads facing multi-year grid-interconnection delays. Needham added that it expects Solaris Energy Infrastructure’s. (NYSE:SEI) adjusted EBITDA to “scale several-fold” as the contracted book ramps with a “re-shaped balance sheet supporting the build.”
Solaris Energy Infrastructure, Inc. (NYSE:SEI) also received a rating update from Northland on June 12. The firm lifted the price target on the stock to $104 from $86 and maintained an Outperform rating on the shares, stating that it refreshed its model for the recent debt raise. Northland also stated that the firm raised contracted megawatts with Hatchbo and modestly adjusted its deployment timing assumptions, driving its increased price target.
Solaris Energy Infrastructure, Inc. (NYSE:SEI) is a holding company involved in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. The company’s operations are divided into the following segments: Solaris Power Solutions and Solaris Logistics Solutions.
2. Phillips 66 (NYSE:PSX)
Number of Hedge Fund Holders: 64
Phillips 66 (NYSE:PSX) is one of the best oil and gas stocks to buy for the next decade. Phillips 66 (NYSE:PSX) received a rating update from TD Cowen on June 29, with the firm lifting the price target on the stock to $220 from $213 while maintaining a Buy rating on the shares. The firm told investors in a research note that it is remaining constructive on the refining group and sees upside to equities even after pricing in lower cracks than 2027 futures. It further stated that although the “robust” 2026 results are one-time in nature, cash inflows will result in capital structure improvements worth 20% of equity value on average.
Phillips 66 (NYSE:PSX) also received a rating update from Morgan Stanley on June 12. The firm lifted the price target on the stock to $196 from $180 and reaffirmed an Overweight rating on the shares, stating that refining margins have eased from the mid-May peak, but remain elevated compared to pre-conflict levels.
Phillips 66 (NYSE:PSX) is involved in the processing, storage, transportation, and marketing of fuels and other related products. The company’s operations are divided into the following segments: Midstream, Chemicals, Refining, Renewable Fuels, and Marketing and Specialties.
1. Antero Resources Corporation (NYSE:AR)
Number of Hedge Fund Holders: 75
Antero Resources Corporation (NYSE:AR) is one of the best oil and gas stocks to buy for the next decade. Antero Resources Corporation (NYSE:AR) received a rating update from Morgan Stanley on June 29. The firm cut the price target on the stock to $48 from $56 and maintained an Overweight 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.
In another development, Texas Capital initiated coverage of Antero Resources Corporation (NYSE:AR) on June 25 with a Buy rating, setting a price target of $55 and telling investors that the company offers exposure to “a transformed Appalachian pure-play,” with lower costs, better scale, and a visible near-term and multi-year runway for expansion of its EBITDAX. The firm added that it sees a “meaningful disconnect” between the share price and the underlying value of the company’s asset base.
Antero Resources Corporation (NYSE:AR) is involved in the development, exploration, production, and acquisition of natural gas. The company’s operations are divided into the following segments: Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream.
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