Top Energy Stocks to Buy: Analysts Identify Key Players

CHICAGO, IL — Analysts have identified several energy stocks as prime opportunities for investors as of September 23, 2025. According to recent reports, Devon Energy leads the group with a stock price trading 31% below its fair value estimate of $50 per share.

Devon Energy is noted for its strategic capital allocation, which includes divesting non-core assets and a recent merger with WPX Energy. This company has shifted its focus primarily to the Delaware Basin, known for its low breakeven costs, where two-thirds of its production occurs. In 2025, Devon plans to allocate over 50% of its $4 billion budget to this key area.

SLB, the world’s premier oilfield services company, also appears on the list, trading at a 31% discount from the fair value estimate of $50 per share. SLB is pivoting towards digital offerings and has an advantageous position in offshore markets outside of North America. Analysts maintain that SLB is positioned well for long-term growth despite cyclical market headwinds.

Another strong candidate is Occidental Petroleum, trading at a 29% discount to its $65 estimated value. Occidental’s vast operations span the U.S., Latin America, and the Middle East, and its recent acquisition of Anadarko should enhance its earnings potential. The company is focused on capital returns, especially given its heavy investments in emerging markets.

Oneok is also on the list, providing natural gas services and trading at a 19% discount to its $90 fair value estimate. Analysts commend Oneok for effectively integrating recent acquisitions, expecting growth from their pipeline agreements which connects stranded gas resources in the Permian Basin to new markets in Mexico.

Furthermore, Halliburton, known as North America’s largest oilfield services provider, is trading 19% below its estimated $30 value. The company continues to lead in pressure-pumping solutions while newer projects in offshore markets are expected to provide stability amidst a shaky domestic market.

Energy Transfer has positioned itself as a key player in the midstream sector, investing heavily in organic growth while still focusing on its vast portfolio of assets across the U.S. The company holds a 19% discount to its estimated value of $21 per share, with strong future growth prospects in natural gas markets.

Analysts also favor TotalEnergies and EOG Resources, both trading respectively at 17% and 16% discount to their estimated fair values. TotalEnergies has diversified its focus towards renewable energy while retaining traditional oil and gas operations, while EOG has made its mark as a low-cost producer with aggressive capital return strategies.

Lastly, Diamondback Energy rounds out the list, trading 14% undervalued relative to a fair value estimate of $166 per share. Through strategic acquisitions and a consistent focus on minimizing costs, the firm is well-positioned for future success.

Investors looking for energy stocks can consider these options based on their current market valuations and transformational strategies set to play out in the coming years.