7 Best Oil and Gas Penny Stocks to Buy According to Analysts

3. New Fortress Energy Inc. (NASDAQ:NFE)

Upside Potential: 84.2%

Number of Hedge Fund Holders: 24

Share Price: $1.90

With significant upside potential, New Fortress Energy Inc. (NASDAQ:NFE) secures a spot on our list of the 7 best oil and gas penny stocks to buy according to analysts.

On September 17, 2025, according to Bloomberg, New Fortress Energy Inc. (NASDAQ:NFE) was negotiating to get more liquefied natural gas cargoes for its import facilities around the Americas. The discussions, which took place at the Gastech 2025 conference in Milan, focused on the company’s efforts to fortify supply chains for its regional infrastructure but did not reveal cargo numbers or contract durations.

The talks come after New Fortress Energy Inc. (NASDAQ:NFE) said on September 16 that it had inked a seven-year LNG supply agreement with Puerto Rico authorities, subject to the Financial Oversight and Management Board’s approval.

New Fortress Energy Inc. (NASDAQ:NFE)’s current 25-year supply deal with Energiza, which is building a new 550 MW power plant in Puerto Rico, is enhanced by this agreement. Furthermore, the company’s 1.4 MTPA Fast LNG project in offshore Altamira, Mexico, which started production in late 2024 and is currently running over nameplate capacity, will provide the LNG.

New Fortress Energy Inc. (NASDAQ:NFE) provides complete energy solutions worldwide through its LNG and natural gas infrastructure operations, as well as an integrated fleet of ships and logistics assets.