Key Highlights

  • Energy Minerals stocks gained 12.70% over the past month as screened on October 23, 2026, while these five rose between 18.58% and 21.24%.
  • Murphy Oil rose 21.24% to $43.38 and Northern Oil and Gas rose 20.95% to $27.94 over the past month.
  • Vermilion Energy gained 20.33% over the month and 10.62% over the past week, the strongest weekly move of the five.
  • The five-stock average one-month gain is 20.03%, or 7.33 percentage points above the sector (calculated).
  • Third-quarter reports are due around November 4 and November 5.

Which Energy Minerals Stocks Kept Climbing Over the Past Month as of October 23, 2026?

Behind the biggest gainers, five more Energy Minerals stocks beat the sector's 12.70% one-month gain as screened on Friday, October 23, 2026. Murphy Oil (NYSE:MUR) rose 21.24% to $43.38 on offshore drilling results in Vietnam and Ivory Coast. Northern Oil and Gas (NYSE:NOG) gained 20.95% to $27.94 after an October 12 operational update. Vermilion Energy (NYSE:VET) rose 20.33% to $14.12 with no company announcement behind it, APA (NASDAQ:APA) added 19.05% to $51.00, and ConocoPhillips (NYSE:COP) gained 18.58% to $149.65 on an LNG agreement and a possible Norway sale.

The common driver is crude. West Texas Intermediate crossed $100 on Friday, October 16 for the first time since September 21, and Brent futures settled near $111.70 on Thursday, October 22. The sector is up 19.55% over three months and 68.41% year to date.

Murphy Oil: What Did the October 12 Drilling Announcements Add?

Murphy Oil, an independent exploration and production company, rose 21.24% over the past month, 7.70% over the past week and 2.38% on October 23. On October 12 it announced a successful appraisal at the Bubale West-1X well offshore Cote d'Ivoire and an exploration discovery at the Lac Da Trang North-1X well offshore Vietnam. No volumes were disclosed, so the effect on reserves is not yet quantified. On that day the S&P 500 energy index gained 1.4%, led by producers such as Diamondback Energy (NASDAQ:FANG) and Occidental Petroleum (NYSE:OXY).

The board declared a $0.35 quarterly dividend on October 6, a $1.40 annual rate and a 3.30% yield. Market value is about $6.08 billion, with trailing price-to-earnings of 20.93 and forward price-to-earnings of 9.31. Research firms raised targets, though the $43.38 price sits above most of them, and the third-quarter call is set for November 5.

Northern Oil and Gas: Is a Clean Quarter Driving the Rally?

Northern Oil and Gas, which owns non-operated working interests in wells across US basins, rose 20.95% over the past month, 7.26% over the past week and 2.49% on October 23. Its October 12 update guided third-quarter capital spending to $250 million to $253 million and described a clean quarter with minimal field disruptions. The company has backed 2026 production guidance of 143,000 to 148,000 barrels of oil equivalent per day and priced a $500 million private offering of senior notes.

Consolidation added interest, as Crescent Energy (NYSE:CRGY) agreed on October 8 to buy Devon Energy's (NYSE:DVN) Eagle Ford assets for a net price of about $3.85 billion. Second-quarter revenue was $745.24 million, up 5.44%, and the forward price-to-earnings ratio is 5.61. The annual dividend of $1.80 equals a 6.60% yield, and third-quarter results are expected around November 5.

Vermilion Energy: How Much of the 20.33% Gain Is a Rebound From September?

Vermilion Energy, which produces oil and natural gas in Canada, Europe and the United States, rose 20.33% over the past month, 10.62% over the past week and 4.94% on October 23. No company announcement explains the move. Shares were falling around September 21 after a 6.2% decline, and at $14.12 they are about 11.9% above the roughly $12.62 level near that date (calculated).

Gas also strengthened, with headlines between October 19 and 21 noting Asian LNG prices above $30. Trailing revenue is $1.30 billion, up 14.6%, but the trailing loss is $2.05 per share, so the rally rests on forward profit, with a forward price-to-earnings ratio of 13.29. A research firm raised its Canadian-dollar target to C$23 from C$22 around October 10, and third-quarter results are expected around November 4.

APA: Did a Larger Buyback Matter More Than Crude?

APA, an oil and gas producer with operations in the United States, Egypt and the North Sea, rose 19.05% over the past month, 6.58% over the past week and 3.16% on October 23. Its own news flow was light. On September 16 it declared a dividend and raised its share repurchase authorization, and on October 12 it was among the top gainers in the S&P 500 energy index as Brent rose 1.8%.

A research firm lifted its target to $58 from $47 around October 22, though the $51.00 price is above most published targets. Market value is about $16.82 billion, trailing revenue is $8.57 billion, down 12.5%, and the forward price-to-earnings ratio is 8.14. The annual dividend of $1.00 is a 2.02% yield, and third-quarter results are due on November 5.

ConocoPhillips: What Do the LNG Deal and Norway Review Mean?

ConocoPhillips rose 18.58% over the past month, 4.88% over the past week and 2.76% on October 23. Around October 1 it signed a 20-year LNG agreement with Venture Global (NYSE:VG) to buy 1 million tonnes per year. The same week it said it was evaluating a possible sale of its Norway business and its Teesside asset after receiving an unsolicited offer.

On Friday, October 16 the stock rose between 3.3% and 3.7%, in line with EOG Resources (NYSE:EOG) and EQT (NYSE:EQT), as Brent reached $109.02. Market value was $174.95 billion at the October 22 close, trailing price-to-earnings is 19.35 and forward is 12.12. The $3.36 dividend is a 2.31% yield, and third-quarter results are scheduled for November 5.

Energy Minerals Gainers Compared: How Do Spreads, Yields and Valuations Differ?

Against the sector's 12.70% one-month gain, the spreads are 8.54 percentage points for Murphy Oil, 8.25 for Northern Oil and Gas, 7.63 for Vermilion Energy, 6.35 for APA and 5.88 for ConocoPhillips, all calculated. The average gain of the five is 20.03%, or 7.33 points above the sector (calculated). Only 2.66 points separate the best from the worst of the group, a tighter band than in the sector's biggest gainers.

Forward price-to-earnings ratios range from 5.61 at Northern Oil and Gas to 13.29 at Vermilion Energy, and dividend yields from 2.02% at APA to 6.60% at Northern Oil and Gas. ConocoPhillips's $174.95 billion market value is about 10.4 times APA's $16.82 billion (calculated).

What to Watch Next: Third-Quarter Reports Due Around November 4 and 5

Vermilion Energy is expected to report around November 4. Murphy Oil, Northern Oil and Gas, APA and ConocoPhillips are due around November 5, and Murphy's next ex-dividend date is November 16. Other dated items include the outcome of ConocoPhillips's Norway and Teesside review, Murphy's update on its Vietnam and Ivory Coast programmes and whether Brent holds above $100.