In this article, we will take a look at 9 Hot Energy Stocks to Buy.
On November 18, oil prices briefly surged due to concerns about potential disruptions in Russian diesel supply resulting from Ukrainian attacks on Russian refineries, alongside U.S. sanctions. Analysts claim that the sanctions were already having the intended effects and that the ensuing disruption caused Russian oil prices to crash. However, this geopolitical edge was short-lived, as the following day’s pessimistic inventory figures swiftly invalidated it.
The U.S. Energy Information Administration (EIA) is another important player in the current market. According to the EIA’s November 2025 Short-Term Energy Outlook (STEO), U.S. crude oil production is expected to rise to 13.59 million barrels per day (MMBpd) in 2025 and 13.58 MMBpd in the following year, adding to the supply-side pressure. Moreover, OPEC has also altered its Q3 global oil market forecast from a shortage to a 500,000 barrels per day surplus, while OPEC+ intends to suspend production increases in Q1 2026 owing to looming surpluses.
That said, long-term prospects for continued elevated oil prices remain challenging. The EIA anticipates crude oil prices to decrease by the end of 2025, averaging $55/bbl by 2026, as global oil output is expected to surpass need.
Our Methodology
For this list, we utilized stock screeners to list down energy stocks with an average volume surpassing 2 million, indicating strong trade movements in the market. These stocks hold favorable outlooks as well, with upsides of at least 15%. Additionally, we have mentioned the hedge fund sentiment around each stock, as of Q2 2025.
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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
9. Civitas Resources, Inc. (NYSE:CIVI)
Avg Volume: 2.47 million
Analyst Upside: 20.81%
Number of Hedge Fund Holders: 39
Civitas Resources, Inc. (NYSE:CIVI) ranks among the 9 hot energy stocks to buy. On November 19 UBS reiterated its Neutral rating and $27 price target on Civitas Resources, Inc. (NYSE:CIVI) following the company’s third-quarter 2025 earnings report. The company recorded a 6% increase in overall output during the quarter, averaging about 336,000 barrels of oil equivalent per day (mboepd). Additionally, oil volumes increased to 158 thousand barrels per day. The company achieved these production boosts while lowering cash operating costs by 5% to $9.67 per barrel of oil equivalent.
Civitas Resources, Inc. (NYSE:CIVI) also posted solid bottom-line earnings in the third quarter, with adjusted earnings per share of $1.93, well above the consensus forecast of $1.34. However, its revenue came in at $1.17 billion, slightly lower than analyst expectations of $1.20 billion.
UBS stated that Civitas Resources, Inc. (NYSE:CIVI) displayed “continued operational improvements” during the quarter, which it expects would help the pro-forma company moving forward.
Civitas Resources, Inc. (NYSE:CIVI) is an independent oil and gas company that focuses on the acquisition, development, and production of crude oil and liquids-rich natural gas from assets in the Permian and DJ Basins.
8. Atlas Energy Solutions Inc. (NYSE:AESI)
Avg Volume: 2.71 million
Analyst Upside: 18.23%
Number of Hedge Fund Holders: 28
Atlas Energy Solutions Inc. (NYSE:AESI) ranks among the 9 hot energy stocks to buy. On November 17, Piper Sandler maintained its Neutral rating for Atlas Energy Solutions Inc. (NYSE:AESI) but reduced its price target from $12 to $10. The shift comes after Atlas Energy announced its entry into the megawatt market with a 240MW initial order.
By early 2027, Atlas Energy Solutions Inc. (NYSE:AESI) expects deploying around 400MW, including 190MW of Moser assets. The company has estimated a demand opportunity of 2 GW, with 50% of that coming from data centers, 40% from commercial and industrial uses, and 10% from oil and gas.
That said, the company’s core oilfield services segment faces difficulties, which led to a 30% EBITDA miss for the quarter. With earnings per share of -$0.19, Atlas reported a net loss that came in considerably lower than the projected $1.07. The company’s revenue, which came in at $259.6 million against the anticipated $237.1 million, topped forecasts despite this earnings shortfall.
Atlas Energy Solutions Inc. (NYSE:AESI) engages in the production, processing, and sale of mesh and sand used as proppants during the well-completion process in the Permian Basin of West Texas and New Mexico.
7. Ovintiv Inc. (NYSE:OVV)
Avg Volume: 3.28 million
Analyst Upside: 25.17%
Number of Hedge Fund Holders:
Ovintiv Inc. (NYSE:OVV) ranks among the 9 hot energy stocks to buy. On November 21, UBS boosted its price target for Ovintiv Inc. (NYSE:OVV) to $54 from $52, maintaining a Buy rating on the company’s shares. The upgrade follows Ovintiv’s acquisition of NVA and impending Anadarko disposal, which UBS says achieves three major business goals while offering a clear path for outperformance through 2026.
The acquisition is expected to add roughly 140,000 net acres and 100,000 barrels of oil equivalent per day in the heart of the oil-rich Alberta Montney, providing a strong complement to Ovintiv’s existing property.
UBS further stated that the purchase greatly improves Ovintiv’s balance sheet profile and increases its capacity for shareholder returns and resource enhancements, which the firm sees as the most significant gain.
Furthermore, UBS recognized the Anadarko acquisition as the primary catalyst for Ovintiv Inc. (NYSE:OVV), adding that its successful completion would justify a re-rating to the higher price target.
Ovintiv Inc. (NYSE:OVV) is a Denver-based energy company specializing in natural gas, oil, and natural gas liquids across the United States and Canada.
6. ConocoPhillips (NYSE:COP)
Avg Volume: 6.57 million
Analyst Upside: 29.04%
Number of Hedge Fund Holders: 72
ConocoPhillips (NYSE:COP) ranks among the 9 hot energy stocks to buy. On November 6, Wolfe Research reaffirmed its Outperform rating on ConocoPhillips (NYSE:COP) and increased its price target to $131 from $130. The change comes after ConocoPhillips announced an 8% dividend raise, which Wolfe Research characterizes as a possible trigger for the market to recognize the company’s potential.
Wolfe Research highlighted the company’s free cash flow growth in its third-quarter results, estimating a $1 billion gain in 2026-2028, followed by a $4 billion rise in 2029. In addition, ConocoPhillips (NYSE:COP) completed the Anadarko purchase and inked $0.5 billion in noncore dispositions, surpassing its $3 billion asset sales goal for 2025.
Moreover, ConocoPhillips (NYSE:COP) expects to generate an additional $7 billion in free cash flow by 2029, once the Willow project is operational. Wolfe Research added that “COP is a major” that should be compared to more prominent energy companies like CNQ and CVX rather than comparatively smaller shale-focused E&P companies, given the clarity on its free cash flow trajectory.
ConocoPhillips (NYSE:COP) is a global energy company headquartered in Texas that discovers, produces, transports, and trades crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids.
5. The Williams Companies, Inc. (NYSE:WMB)
Avg Volume: 7.04 million
Analyst Upside: 18.12%
Number of Hedge Fund Holders: 78
The Williams Companies, Inc. (NYSE:WMB) ranks among the 9 hot energy stocks to buy. On November 7, The Williams Companies, Inc. (NYSE:WMB) announced that it had obtained important regulatory licenses from New Jersey and New York environmental authorities for its Northeast Supply Enhancement (NESE) project.
The NESE project aims to boost energy stability in New York City by increasing natural gas supply and replacing high-emitting fuel oil. The Williams Companies, Inc. (NYSE:WMB) anticipates that the project will generate more than $1 billion in investment while providing long-term advantages to New York energy users.
Additionally, The Williams Companies, Inc. (NYSE:WMB) is moving forward with its Constitution Pipeline project in upstate New York, which would supply Northeastern markets. Over 15 years, the project could generate roughly 2,000 jobs annually and save up to $11.6 billion by cutting natural gas prices in the Northeast.
A day before the announcement, TD Cowen increased its price target for The Williams Companies, Inc. (NYSE:WMB) to $70 from $69 and retained a Buy rating on the company’s shares. The firm’s adjustment follows Williams Companies’ mention of a historical 9% EBITDA CAGR, though TD Cowen questions if the company would deliver a similar forecast at its upcoming February Investor Day.
The Williams Companies, Inc. (NYSE:WMB) is an energy infrastructure company focused on owning and operating infrastructure for the gathering, processing, transportation, and delivery of natural gas and natural gas liquids (NGLs) across the United States.
4. Chevron Corporation (NYSE:CVX)
Avg Volume: 7.48 million
Analyst Upside: 18.72%
Number of Hedge Fund Holders: 76
Chevron Corporation (NYSE:CVX) ranks among the 9 hot energy stocks to buy. Following the company’s 2025 Investor Day, UBS reaffirmed its Buy rating on Chevron Corporation (NYSE:CVX) with a price target of $197 on November 13. Despite the lack of “a big splash” in Chevron’s investor presentation, the bank pointed out that the company’s portfolio revisions support both short-term and long-term projections.
Longer term, UBS believes that Chevron’s 2030 goals might be improved by increased volume growth, further cost reductions beyond the company’s 2027 target, and improved technology in the Permian Basin. The oil giant intends to increase free cash flow by more than 10% annually till 2030 while expanding the production of oil and gas and further cutting expenses and capital expenditures.
Additionally, Chevron Corporation (NYSE:CVX) stated that it will spend 50% more on exploration on an annual basis, focusing on the Mediterranean, West Africa, South America, and the U.S. Gulf of Mexico. It also intends to boost drilling operations to 16–20 exploration wells per year.
Chevron Corporation (NYSE:CVX) is a multinational energy company that explores, produces, refines, and sells oil and natural gas products, including transportation fuels and lubricants.
3. Coterra Energy Inc. (NYSE:CTRA)
Avg Volume: 8.78 million
Analyst Upside: 23.53%
Number of Hedge Fund Holders: 45
Coterra Energy Inc. (NYSE:CTRA) ranks among the 9 hot energy stocks to buy. On November 24, UBS increased its price target for Coterra Energy Inc. (NYSE:CTRA) to $32 from $29, retaining a Buy rating on the energy company’s shares. The bank cited Coterra’s upgraded 2026 estimates, which indicate improved capital efficiency, as an important factor for the price target boost.
Coterra Energy Inc. (NYSE:CTRA) expects significantly lower capital expenditures year-over-year while sustaining a 0-5% annual increase in BOE and natural gas output, as well as about 5% annual growth in oil production. The company’s cash return yield forecast of 11.5% for 2026 reflects a strong commitment to financial success. In any event, the company intends to publish detailed 2026 guidance in February, emphasizing sustainable growth and operational flexibility.
UBS also stated that Coterra Energy Inc. (NYSE:CTRA) has recently drawn the attention of activist investors due to issues with capital allocation and corporate governance, factors that are influencing the company’s valuation.
Coterra Energy Inc. (NYSE:CTRA) is an independent energy company focused on the development, exploration, and production of oil, natural gas, and natural gas liquids (NGLs) within the continental United States.
2. Occidental Petroleum Corporation (NYSE:OXY)
Avg Volume: 10.20 million
Analyst Upside: 17.67%
Number of Hedge Fund Holders: 64
Occidental Petroleum Corporation (NYSE:OXY) ranks among the 9 hot energy stocks to buy. Following Occidental Petroleum Corporation (NYSE:OXY)’s third-quarter 2025 earnings report, UBS reaffirmed its Neutral rating and $45 price target for the company on November 13. The oil and gas giant posted better-than-expected Q3 earnings, with cash flow per share surpassing analyst expectations.
The company’s operating cash flow exceeded $3.2 billion, with a profit of $0.65 per diluted share. Occidental also produced 1.47 million barrels of oil equivalent a day, with substantial output from the Permian Basin.
Looking ahead, Occidental Petroleum Corporation (NYSE:OXY) aims to maintain its emphasis on debt reduction, hoping to cut its debt to less than $15 billion via funds from the OxyChem sale. In addition, the company expects flat to 2% production growth and capital expenditures of $6.3-$6.7 billion in 2026.
UBS believes that successful debt reduction might help Occidental’s shares rebound from “this year’s underperformance,” adding that the company has a “large performance gap” when compared to industry rivals.
Occidental Petroleum Corporation (NYSE:OXY), based in Houston, Texas, is a diversified energy company engaged in hydrocarbon exploration and production across the U.S., the Middle East, and North Africa.
1. Kinder Morgan, Inc. (NYSE:KMI)
Avg Volume: 13.75 million
Analyst Upside: 19.26%
Number of Hedge Fund Holders: 59
Kinder Morgan Inc. (NYSE:KMI) ranks among the 9 hot energy stocks to buy. Mizuho reduced its price target for Kinder Morgan Inc. (NYSE:KMI) from $32 to $31 on November 14, while retaining an Outperform rating after the company’s third-quarter earnings report. The company reported earnings per share of $0.29, slightly lower than analyst expectations of $0.30. Despite the modest miss in EPS, Kinder Morgan (NYSE:KMI) outperformed revenue estimates, with solid performance in its natural gas infrastructure division.
Mizuho emphasized Kinder Morgan’s substantial $9.3 billion project backlog, which includes $8.4 billion in natural gas potential. The firm acknowledged the possibility of higher growth if projects from the company’s estimated $10 billion growing potential backlog come through.
The firm also upgraded its 2025-2027 expectations for Kinder Morgan Inc. (NYSE:KMI) and began predictions for 2028-2029, forecasting a 4.5% adjusted EBITDA CAGR through 2029.
Kinder Morgan Inc. (NYSE:KMI) is an energy infrastructure company focused on transporting and storing energy products through a vast network of pipelines and terminals. Its business involves moving natural gas, gasoline, crude oil, and other products, as well as storing and handling commodities like chemicals, renewable fuels, and more.
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