Mizuho Names Top Oil and Gas Stocks
Mizuho has identified Devon Energy (NYSE:DVN), Permian Resources (NYSE:PR), and EQT Corp (NYSE:EQT) as its top picks in the oil and gas sector. Devon Energy leads the list, reporting Q2 2026 earnings of $1.57 per share on $7.42 billion revenue, exceeding expectations. Permian Resources raised its 2026 volume guidance and reported Q2 earnings of $0.69 per share on $1.86 billion revenue. EQT Corp reported Q2 revenue of $1.81 billion, slightly above forecasts, and raised production guidance.
How this was made
The 30-second read
Why it matters
The earnings beats and dividend hikes offer short‑term trading opportunities, while sector‑wide strength may lift related names.
Market read
Fresh earnings data for three major U.S. energy firms could drive sector‑wide buying pressure.
What to watch
Integration costs from Devon's merger and Permian's recent acquisition activity may pressure margins.
Background
Mizuho published its top oil‑gas picks, providing fresh quarterly results and guidance for three U.S. producers.
Ticker impact
Devon Energy reported Q2 2026 adjusted earnings of $1.57 per share and a 33% dividend increase.
Potential modest price rise on earnings beat.
Earnings beat and dividend increase are fresh data; market may react positively.
Permian Resources posted Q2 2026 adjusted earnings of $0.69 per share and record $751 million free cash flow.
Likely modest upside as investors digest cash generation.
New quarterly results with higher guidance provide fresh catalyst.
EQT Corp reported Q2 2026 revenue of $1.81 billion, slightly above forecasts, and raised production guidance.
Potential incremental price gain.
First‑report of earnings and guidance update offers actionable information.
Market effects
Highlights strength in the U.S. oil‑gas sector and may boost sector sentiment.
U.S. energy stocks could see broader buying pressure.
Positive U.S. energy earnings may influence global commodity outlook.
Counterpoint
If oil prices reverse, earnings momentum could fade quickly.
Key entities
- Research FirmMizuho
Provider of the ranking and commentary.
- CompanyDevon Energy
Top‑ranked oil‑gas producer with recent merger integration.
- CompanyPermian Resources
Second‑ranked, recent acquisition and C‑Corp conversion.
- CompanyEQT Corp
Third‑ranked, new LNG offtake and positive rating outlook.
