In this article, we will look at the 8 Best Natural Resources Stocks to Buy Now.
Natural resources stocks are getting more attention as investors revisit energy and mining companies after years of underinvestment, tighter commodity markets, and persistent geopolitical risk. For this list, the focus is on oil and gas exploration and production, integrated oil and gas, and diversified mining. These are not all moving on the same catalyst, but they sit in parts of the market where supply discipline, capital returns, and demand for energy and critical materials matter.
Barings says natural resource equities can provide “inflation protection and portfolio diversification,” while adding that the next phase of global growth will likely be “energy intensive” and create “structural demand for key materials.” J.P. Morgan Asset Management makes a similar point, saying “Resource scarcity and capital discipline” are now more important drivers than simple volume growth, while “valuations remain conservative.” BlackRock also frames the sector as an “effective diversifier,” noting that many mining and energy companies now have “stronger balance sheets” and that “Valuations appear attractive.” In summary, the thesis is not just about higher commodity prices. It is also about companies being more disciplined than in past cycles.
With that in mind, let’s take a look at the 8 Best Natural Resources Stocks to Buy Now.
Our Methodology
We used the Finviz screener to identify natural resources stocks that are viewed favorably by analysts. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
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8. Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
On May 19, 2026, BofA analyst Saurabh Pant raised the firm’s price target on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to $13.50 from $12 and maintained a Buy rating on the shares. Pant said BofA updated its oilfield services models following Q1 earnings and 10-Q reports, noting that the firm’s 2027 and 2028 EBITDA forecasts are 10% and 16% above consensus, respectively, on average.
Susquehanna also raised the firm’s price target on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to $14 from $13 and maintained a Positive rating on the shares. Susquehanna updated its model and raised its Q2 2026 and full-year 2026 estimates following comments at a recent investor conference.
Last month, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) reported Q1 EPS of (6c), compared to the consensus estimate of (10c). Revenue totaled $1.18B, above the consensus estimate of $1.1B. CEO Andy Hendricks said the company delivered “solid operating results” despite a challenging commodity environment. Hendricks also said the second quarter represents a market inflection as commodity prices improve, with the company activating drilling rigs later in Q2 and discussing price increases in Completion Services as demand rises and industry utilization remains high.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) provides drilling and completion services to oil and natural gas exploration and production companies in the United States, Canada, Colombia, and internationally.
7. Helmerich & Payne, Inc. (NYSE:HP)
On May 19, 2026, BofA analyst Saurabh Pant raised the firm’s price target on Helmerich & Payne, Inc. (NYSE:HP) to $44 from $41 and maintained a Buy rating on the shares. Pant said BofA updated its oilfield services models following Q1 earnings and 10-Q reports, noting that the firm’s 2027 and 2028 EBITDA forecasts are 10% and 16% above consensus, respectively, on average.
Piper Sandler analyst Derek Podhaizer also raised the firm’s price target on Helmerich & Payne, Inc. (NYSE:HP) to $43 from $41 and maintained an Overweight rating on the shares. Podhaizer said the Energy Security theme dominated management commentary during Q1 earnings season, while Piper Sandler noted that the group setup remains positive as U.S. Land, International, and Offshore activity continue moving in the right direction.
Earlier in May, Helmerich & Payne, Inc. (NYSE:HP) reported Q1 EPS of (38c), compared to the consensus estimate of (2c). Revenue totaled $932M, versus the consensus estimate of $949.64M. President and CEO Trey Adams said H&P delivered “solid operational performance,” reflecting the resilience of its core business and disciplined execution.
Helmerich & Payne, Inc. (NYSE:HP) provides drilling solutions and technologies for oil and gas exploration and production companies.
6. Chevron Corporation (NYSE:CVX)
On May 27, 2026, Mizuho analyst Nitin Kumar raised the firm’s price target on Chevron Corporation (NYSE:CVX) to $230 from $225 and maintained an Outperform rating on the shares. Kumar said Mizuho expects the Iran crisis to have a prolonged impact on global oil prices and refining cracks. The firm raised its 2026 and 2027 oil price outlook by 25% and 6%, respectively, while increasing its forecast for U.S. refining cracks by 61% and 51%. Mizuho said a pullback in stock valuations despite elevated commodity prices creates an opportunity for investors to seek “alpha” in U.S. oil and gas.
Meanwhile, Barclays raised the firm’s price target on Chevron Corporation (NYSE:CVX) to $213 from $192 and maintained an Equal Weight rating on the shares. Barclays said depleting inventories, shrinking OPEC spare capacity, and a “muted” U.S. production response to the Middle East war are reinforcing a tighter oil macro backdrop that is not fully reflected in equities. The firm said this sets up oil exploration and production companies for a share re-rating after the conflict, while also cutting its gas price outlook on near-term oversupply.
Earlier in May, Chevron Corporation (NYSE:CVX) reported Q1 adjusted EPS of $1.41, ahead of the consensus estimate of 97c. Revenue totaled $48.61B, below the consensus estimate of $52.7B. Chairman and CEO Mike Wirth said Chevron delivered “solid first quarter performance” despite geopolitical volatility and supply disruptions. Wirth also cited strong operating results in the United States, particularly after the integration of Hess, and continued growth in the Gulf of America and Permian Basin.
Chevron Corporation (NYSE:CVX), through its subsidiaries, engages in integrated energy and chemicals operations in the United States and internationally.
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