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Best Oil and Gas Stocks to Buy Now (2026)

Top oil and gas stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% per year, and are the best oil and gas stocks to buy now. Learn More.

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best oil stocks to buy right now are:

Vermilion Energy (NYSE:VET) is the #1 top oil and gas stock out of 73 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Vermilion Energy (NYSE:VET) is: Value: C, Growth: A, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: A.

Vermilion Energy (NYSE:VET) has a Due Diligence Score of 15, which is -15 points lower than the oil and gas industry average of 30. Although this number is below the industry average, our proven quant model rates VET as a "A".

VET passed 5 out of 38 due diligence checks and has weak fundamentals. Vermilion Energy has seen its stock return 56.99% over the past year, overperforming other oil and gas stocks by 34 percentage points.

Vermilion Energy has an average 1 year price target of $15.00, an upside of 30.89% from Vermilion Energy's current stock price of $11.46.

Vermilion Energy stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Vermilion Energy, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Ring Energy (NYSEMKT:REI) is the #2 top oil and gas stock out of 73 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Ring Energy (NYSEMKT:REI) is: Value: B, Growth: A, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: B.

Ring Energy (NYSEMKT:REI) has a Due Diligence Score of 13, which is -17 points lower than the oil and gas industry average of 30. Although this number is below the industry average, our proven quant model rates REI as a "A".

REI passed 4 out of 33 due diligence checks and has weak fundamentals. Ring Energy has seen its stock return 67.9% over the past year, overperforming other oil and gas stocks by 44 percentage points.

Ring Energy has an average 1 year price target of $2.00, an upside of 47.06% from Ring Energy's current stock price of $1.36.

Ring Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Ring Energy, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Permian Resources (NYSE:PR) is the #3 top oil and gas stock out of 73 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Permian Resources (NYSE:PR) is: Value: C, Growth: B, Momentum: B, Sentiment: B, Safety: C, Financials: B, and AI: A.

Permian Resources (NYSE:PR) has a Due Diligence Score of 34, which is 4 points higher than the oil and gas industry average of 30.

PR passed 13 out of 38 due diligence checks and has average fundamentals. Permian Resources has seen its stock return 63.43% over the past year, overperforming other oil and gas stocks by 40 percentage points.

Permian Resources has an average 1 year price target of $24.27, an upside of 14.31% from Permian Resources's current stock price of $21.23.

Permian Resources stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Permian Resources, 62.5% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 40 oil and gas stocks that have issued dividends in the past year, the 3 oil and gas stocks with the highest dividend yields are:

Mach Natural Resources (NYSE:MNR) has an annual dividend yield of 13.81%, which is 9 percentage points higher than the oil and gas industry average of 4.36%.

Mach Natural Resources's dividend payout ratio of 303.3% indicates that its high dividend yield might not be sustainable for the long-term.

Evolution Petroleum (NYSEMKT:EPM) has an annual dividend yield of 12.87%, which is 9 percentage points higher than the oil and gas industry average of 4.36%. Evolution Petroleum's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Evolution Petroleum's dividend has shown consistent growth over the last 10 years.

Evolution Petroleum's dividend payout ratio of -436.4% indicates that its high dividend yield might not be sustainable for the long-term.

Vitesse Energy (NYSE:VTS) has an annual dividend yield of 12.41%, which is 8 percentage points higher than the oil and gas industry average of 4.36%.

Vitesse Energy's dividend payout ratio of -626.1% indicates that its high dividend yield might not be sustainable for the long-term.

Oil and gas stocks were up 5% in the last day, and up 0.17% over the last week. Calumet was the among the top gainers in the oil & gas e&p industry, gaining 15.17% yesterday.

Shares of oil and gas refining and marketing companies are trading higher amid energy price gains due to a possible impasse in U.S.-Iran negotiations, with Iran demanding war reparations and unfreezing of assets. Also, reports suggest President Trump is willing to end the war in exchange for reopening Hormuz without addressing Iran's nuclear program, which may lead to concerns over future military tensions.

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued oil and gas stocks right now are:

Sm Energy Co (NYSE:SM) is the most undervalued oil and gas stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Sm Energy Co has a valuation score of 71, which is 44 points higher than the oil and gas industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Sm Energy Co's stock has gained 23.72% in the past year. It has performed in line with other stocks in the oil and gas industry.

Riley Exploration Permian (NYSEMKT:REPX) is the second most undervalued oil and gas stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Riley Exploration Permian has a valuation score of 71, which is 44 points higher than the oil and gas industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Riley Exploration Permian's stock has gained 39.97% in the past year. It has overperformed other stocks in the oil and gas industry by 17 percentage points.

Vista Energy Sab De CV (NYSE:VIST) is the third most undervalued oil and gas stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Vista Energy Sab De CV has a valuation score of 57, which is 30 points higher than the oil and gas industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Vista Energy Sab De CV's stock has gained 59.09% in the past year. It has overperformed other stocks in the oil and gas industry by 36 percentage points.

51.02% of oil and gas stocks rated by analysts are a strong buy right now. On average, analysts expect oil and gas stocks to rise by 27.98% over the next year.

7.58% of oil and gas stocks have a Zen Rating of A (Strong Buy), 31.82% of oil and gas stocks are rated B (Buy), 40.91% are rated C (Hold), 10.61% are rated D (Sell), and 9.09% are rated F (Strong Sell).