{"id":3726,"date":"2026-03-13T12:02:56","date_gmt":"2026-03-13T12:02:56","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/3-cheap-mid-cap-energy-stocks-to-own-as-oil-prices-surge-to-100\/"},"modified":"2026-03-13T12:02:56","modified_gmt":"2026-03-13T12:02:56","slug":"3-cheap-mid-cap-energy-stocks-to-own-as-oil-prices-surge-to-100","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/3-cheap-mid-cap-energy-stocks-to-own-as-oil-prices-surge-to-100\/","title":{"rendered":"3 Cheap Mid-Cap Energy Stocks to Own as Oil Prices Surge to $100"},"content":{"rendered":"<div>\n<ul type=\"disc\">\n<li>Oil prices are soaring amid escalating geopolitical tensions in the Middle East.<\/li>\n<li>WTI crude recently settled around $95 per barrel, while Brent approached $100.<\/li>\n<li>Below, we highlight three undervalued mid-cap energy stocks positioned to capitalize on oil\u2019s rally<strong>.<\/strong><\/li>\n<\/ul>\n<p>Amid escalating geopolitical tensions in the Middle East due to the conflict involving Iran, which has led to a near shutdown of the Strait of Hormuz and disruptions in regional oil production, crude prices have spiked dramatically.<\/p>\n<p> (WTI) crude recently settled around $95 per barrel, while  approached $100, with intraday highs pushing towards $105.<\/p>\n<p><span style=\"display: none;\">\u00a0<\/span><\/p>\n<p><span style=\"display: none;\">\u00a0<\/span><\/p>\n<p>This surge, driven by supply constraints and fears of broader energy infrastructure attacks, creates a favorable environment for energy stocks, especially undervalued mid-caps with direct exposure to higher prices. Below, we spotlight three standout picks.<\/p>\n<p><span style=\"display: none;\">\u00a0<\/span><\/p>\n<h2><strong>1. <\/strong><strong>Talos Energy<\/strong><strong\/><\/h2>\n<ul type=\"disc\">\n<li><strong>Current Price: $13.53<\/strong><\/li>\n<li><strong>Fair Value Estimate: $18.75 (+38.6% Upside) <\/strong><\/li>\n<li><strong>Market Cap: $2.29 Billion<\/strong><\/li>\n<\/ul>\n<p>Talos Energy (NYSE:), a Gulf of Mexico-focused offshore explorer and producer, benefits directly from surging oil prices through its oil-heavy production mix. Shares are currently at $13.53, reflecting a robust YTD gain of around 23%.<\/p>\n<p>InvestingPro\u2019s Fair Value model rates TALO a Buy, with a price target of $18.75, implying 38.6% upside.<\/p>\n<p>Recent share buybacks further signal confidence in sustained cash generation as prices climb.<\/p>\n<p>The real kicker: Talos boasts a massive 43.5% EPS growth forecast for 2026, and a robust 19.8% free cash flow yield, which could make it a dark horse as oil markets tighten.<\/p>\n<h2><strong>2. <\/strong><strong>Patterson-UTI Energy<\/strong><strong\/><\/h2>\n<ul type=\"disc\">\n<li><strong>Current Price: $9.85<\/strong><\/li>\n<li><strong>Fair Value Estimate: $12.06 (+22.5% Upside) <\/strong><\/li>\n<li><strong>Market Cap: $3.74 Billion<\/strong><\/li>\n<\/ul>\n<p>Patterson-UTI Energy (NASDAQ:), a provider of drilling and pressure pumping services in key U.S. basins like the Permian, thrives on increased exploration activity spurred by elevated oil prices. Shares closed at $9.85 on Thursday, boasting an impressive YTD return of roughly 61%.<img decoding=\"async\" title=\"Patterson-UTI Energy Chart\" src=\"https:\/\/d1-invdn-com.investing.com\/content\/pic674b6451dcf67abeecade78b6436adbb.png\" alt=\"Patterson-UTI Energy Chart\" align=\"bottom\" border=\"0\"\/><\/p>\n<p><em>Source: InvestingPro<\/em><\/p>\n<p>With a \u2018Buy\u2019 consensus rating, PTEN trades at a discount to its growth prospects and boasts a 22.5% fair value upside, while Goldman Sachs\u2019 raised price target underscores potential for further gains amid rotating investor interest into mid-cap energy names.<\/p>\n<p>Its February 2026 drilling activity report and positive post-earnings momentum make Patterson-UTI a leveraged bet on sustained volatility,<\/p>\n<p><span style=\"display: none;\">\u00a0<\/span><\/p>\n<p>especially as geopolitical risks run high.<\/p>\n<h2><strong>3. <\/strong><strong>Northern Oil &amp; Gas<\/strong><strong\/><\/h2>\n<ul type=\"disc\">\n<li><strong>Current Price: $27.61<\/strong><\/li>\n<li><strong>Fair Value Estimate: $31.13 (+12.7% Upside) <\/strong><\/li>\n<li><strong>Market Cap: $2.69 Billion<\/strong><\/li>\n<\/ul>\n<p>Northern Oil &amp; Gas (NYSE:) operates a non-operator model with interests in the Williston and Permian Basins, generating stable, royalty-like revenues from oil-weighted assets. Shares are trading at $27.61, delivering a solid YTD return of 28.6% as investors seek exposure to resilient producers.<img decoding=\"async\" title=\"Northern Oil and Gas Chart\" src=\"https:\/\/d1-invdn-com.investing.com\/content\/pic7a0e1e2daa59a9e5258a339206bd5cb4.png\" alt=\"Northern Oil and Gas Chart\" align=\"bottom\" border=\"0\"\/><\/p>\n<p><em>Source: InvestingPro<\/em><\/p>\n<p>Trading at a forward P\/E of 9.7\u2014a discount to the sector average\u2014NOG stock appears undervalued, with a solid 12.7% fair value upside, and 13% analyst target upside. The company\u2019s Financial Health score of 2.91 is the best in the group, signaling relative balance sheet strength.<\/p>\n<p><span style=\"display: none;\">\u00a0<\/span><\/p>\n<p><span style=\"display: none;\">\u00a0<\/span><\/p>\n<p>Recent expansions into the Utica shale and a steady dividend provide defensive appeal, while supply disruptions from the Iran conflict enhance its oil leverage.<\/p>\n<p><strong><span style=\"display: none;\">\u00a0<\/span><\/strong><\/p>\n<h2><strong>Bottom Line<\/strong><\/h2>\n<p>For investors looking to surf the oil wave with a margin of safety, Talos and Patterson-UTI offer the deepest discounts to fair value\u2014despite their recent rallies. Northern Oil &amp; Gas, meanwhile, delivers a blend of growth, yield, and the best financial health in this trio.<\/p>\n<div style=\"border: 2px solid #ff7f00; background-color: #fff4e6; padding: 15px; border-radius: 8px; font-family: Arial, sans-serif; color: #1a1a1a;\">\n<h3 style=\"color: #ff7f00; margin-top: 0px; font-size: 22px; font-weight: bold; letter-spacing: 0.5px;\"><strong>Below are the key ways an InvestingPro subscription can enhance your stock market investing performance:<\/strong><\/h3>\n<ul style=\"list-style-type: none;\">\n<li><strong>ProPicks AI<\/strong>: AI-managed stock picks every month, with several picks that have already taken off this month and in the long term.<\/li>\n<li><strong>Warren AI:<\/strong> Investing.com\u2019s AI tool provides real-time market insights, advanced chart analysis, and personalized trading data to help traders make quick, data-driven decisions.<\/li>\n<li><strong>Fair Value<\/strong>: This feature aggregates 17 institutional-grade valuation models to cut through the noise and show you which stocks are overhyped, undervalued, or fairly priced.<\/li>\n<li>\n<p><strong>1,200+ Financial Metrics at Your Fingertips: <\/strong>From debt ratios and profitability to analyst earnings revisions, you\u2019ll have everything professional investors use to analyze stocks in one clean dashboard.<\/p>\n<\/li>\n<li>\n<p><strong>Institutional-Grade News &amp; Market Insights: <\/strong>Stay ahead of market moves with exclusive headlines and data-driven analysis.<\/p>\n<\/li>\n<li>\n<p><strong>A Distraction-Free Research Experience: <\/strong>No pop-ups. No clutter. No ads. Just streamlined tools built for smart decision-making.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Not a Pro member yet? <\/strong><\/p>\n<p><em>Already an InvestingPro user? Then jump straight to the list of picks here.<\/em><\/p>\n<\/div>\n<p style=\"margin-top: 10px; font-size: 12px;\">\u00a0<\/p>\n<p><strong><em>Disclosure: <\/em><\/strong><strong><em>This is not financial advice. Always conduct your own research.<\/em><\/strong><\/p>\n<p><em>At the time of writing, I am long on the S&amp;P 500, and the Nasdaq 100 via the\u00a0SPDR\u00ae S&amp;P 500 ETF, and the Invesco QQQ Trust ETF. I am also long on the Technology Select Sector SPDR ETF. I regularly rebalance my portfolio of individual stocks and ETFs based on ongoing risk assessment of both the macroeconomic environment and companies\u2019 financials.<\/em><\/p>\n<p><em>The views discussed in this article are solely the opinion of the author and should not be taken as investment advice.<\/em><\/p>\n<p><em>Follow Jesse Cohen on X\/Twitter <\/em><a href=\"https:\/\/twitter.com\/JesseCohenInv\" rel=\"noopener nofollow\" target=\"_blank\"><em>@JesseCohenInv<\/em><\/a><em> for more stock market analysis and insight.<\/em><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script id=\"fb_pixel\" data-nscript=\"beforeInteractive\">!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices are soaring amid escalating geopolitical tensions in the Middle East. WTI crude recently settled around $95 per barrel, while Brent approached $100. Below, we highlight three undervalued mid-cap energy stocks positioned to capitalize on oil\u2019s rally. Amid escalating geopolitical tensions in the Middle East due to the conflict involving Iran, which has led [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[853,2301,2801,1241,1418,238,1248],"class_list":["post-3726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-cheap","tag-energy","tag-midcap","tag-oil","tag-prices","tag-stocks","tag-surge"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/3726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=3726"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/3726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/3727"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=3726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=3726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=3726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}