WTI crude prices remained stable on Monday, but a series of positive developments revived hopes of an oil rebound.
OPEC+ – which includes its members and allied producers – agreed on Sunday to a modest production increase of 137,000 barrels per day in December and to suspend any further increases during the first quarter of next year.
Following the announcement, Morgan Stanley raised its forecast for the first quarter of 2026 from $57.50 to $60 per barrel, citing both the OPEC+ decision and recent actions targeting Russian oil assets.
Analysts at Canadian bank RBC noted that Russia remains an unpredictable source of supply following U.S. sanctions on major producers and recent attacks on energy infrastructure.
The developments ease concerns raised last month by the International Energy Agency, which warned that the global oil market could see a surplus of up to 4 million barrels per day next year. However, OPEC expects supply and demand to remain broadly balanced over the same period.
10 Undervalued Oil Stocks Up Up to 83%
In this context, oil and gas stocks could offer interesting opportunities in the months to come.
Using the Investing.com analyzer, we searched for companies with market caps above $1 billion, that appear undervalued based on current models, and that have positive outlooks from analysts.
More specifically, we applied the following criteria for our research:
Oil and gas industry Market capitalization greater than 1 billion dollars
Potential benefits of more than 25% according to InvestingPro Fair Value Potential upside of more than 25% based on average analyst advice InvestingPro Health Score above 2.5/5
This research helps identify oil stocks that appear undervalued and have strong support from analysts.
Note: Although the basic functions of the Investing.com screener are available to everyone free of charge, some of the criteria used here are reserved for InvestingPro and Pro+ subscribers.
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This detailed selection allowed us to identify 10 promising titles.
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