The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Alto Ingredients, Inc. (NASDAQ:ALTO)

• Alto Ingredients reported worse-than-expected Q4 EPS and sales results. “Alto has been executing a series of growth initiatives to diversify our revenue streams, maximize our high-margin products, and optimize our operations to continue our business transformation,” said Mike Kandris, CEO of Alto Ingredients. The company’s stock has a 52-week low of $1.25.
• RSI Value: 29.55
• ALTO Price Action: Shares of Alto Ingredients fell 1.5% to close at $1.28 on Friday.

Par Pacific Holdings, Inc. (NYSE:PARR)

• Par Pacific posted better-than-expected Q4 earnings. The company is scheduled to release its first quarter results on May 3, 2023. The company’s stock has a 52-week low of $12.91.
• RSI Value: 29.84
• PARR Price Action: Shares of Par Pacific fell 1.8% to close at $23.52 on Friday.

Enviva Inc. (NYSE:EVA)

• Citigroup recently maintained Enviva with a Buy and lowered the price target from $62 to $32. The company’s stock has a 52-week low of $22.02.
• RSI Value: 23.10
• EVA Price Action: Shares of Enviva fell 2.2% to close at $22.22 on Friday.

U.S. Energy Corp. (NASDAQ:USEG)

Nine Energy Service, Inc. (NYSE:NINE)

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