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7 Best Oil and Gas Drilling Stocks to Buy Now

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In this article, we will take a look at the 7 Best Oil and Gas Drilling Stocks to Buy Now.

Oil prices jumped on June 10 after President Trump informed reporters that he intended to strike Iran again, following recent assaults in the Middle East. However, later in the week, prices continued to trend lower on expectations of a deal soon. The blockage of the Strait of Hormuz has cut around 20% of world petroleum shipments, resulting in an overall supply imbalance that analysts project will continue through 2026 and 2027.

Wael Sawan, CEO of Shell, believes that although oil prices may temporarily decline following the reopening of the Strait of Hormuz, prices will rise over a period of five to ten years due to the continuous increase in the world’s demand for oil and gas, which will require the pursuit of more complex resources.

At the Wall Street Journal Leadership Institute CEO Summit, Sawan declared, “All the easy oil and gas has been found.” As such, oil corporations will be forced to look into reserves that are currently unprofitable to explore and develop. In that regard, prices will have to go up to make it profitable to tap into the resources that the economy will require in the future.

With that backdrop, let’s explore our selection of the 7 best oil and gas drilling stocks to buy now.

Our Methodology

We used screeners to identify the best oil and gas drilling stocks and narrowed our final selection to companies favored by hedge funds. For that, we relied on Insider Monkey’s hedge fund database, which tracks over 1,000 hedge funds as of Q1 2026. Our final list is ranked in ascending order based on the number of hedge funds holding bullish positions in each stock.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

7. Nabors Industries Ltd. (NYSE:NBR)

Number of Hedge Fund Holders: 28

Nabors Industries Ltd. (NYSE:NBR) ranks among the best oil and gas drilling stocks to buy now. On May 7, Barclays analyst Eddie Kim raised Nabors Industries Ltd. (NYSE:NBR) to Equal Weight from Underweight, with a price objective of $99, up from $65. The firm increased its ratings and price objectives for the energy services market, stating that the sector is in its best position in 20 years.

Moreover, in late April, RBC Capital analyst Keith Mackey had also boosted his price objective for Nabors Industries Ltd. (NYSE:NBR) to $120 from $91 and maintained a Sector Perform rating on the shares after Nabors’ Q1 results. The company reported revenue of $784 million and an earnings per share loss of $1.54, exceeding analyst projections of a $2.44 loss by approximately 37%.

The company’s Q1 results showed strong EBITDA production in the midst of Middle East disruption, along with improved free cash flow outcomes, with the outlook for the rest of the year having gradually improved.

Nabors Industries Ltd. (NYSE:NBR) is a provider of offshore platform rigs. It also offers performance tools, directional drilling services, tubular running services, and technology for both its own rig fleet and those managed by third parties.

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

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

Two years ago, Wall Street wrote off British American Tobacco (BTI) as a “melting ice cube.” The stock had crashed 40% from its peak, and consensus said the business was dying.

We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

Get the ticker for our new “Underdog” pick and the full BTI case study for just 99 cents.

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1. Head over to our website and subscribe to our Premium Readership Newsletter for just $0.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Regular price $9.99/mo. Cancel anytime.