Top 5 Energy Stocks You'll Regret Missing This Month


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.

Gran Tierra Energy Inc. GTE

  • Gran Tierra Energy recently announced contract agreement for the Suroriente Block. The company’s stock has a 52-week low of $6.00 .
  • RSI Value: 29.61
  • GTE Price Action: Shares of Gran Tierra Energy rose 0.6% to close at $6.27 on Monday.

Enviva Inc. EVA

  • Enviva recently reported weak Q1 results. "As we will describe today, the plans and initiatives underway to improve productivity and costs across Enviva’s current asset platform continue to fall behind expectations. While the board of directors remains convinced of management’s ability to deliver the originally forecasted operational and financial performance over time, it is clearly taking longer than expected," said John Keppler, Executive Chairman of the board. The company’s stock has a 52-week low of $6.69.
  • RSI Value: 17.69
  • EVA Price Action: Shares of Enviva fell 0.6% to close at $8.96 on Monday.

Valero Energy Corporation VLO

  • Valero Energy reported Q1 2023 revenues of $36.4 billion, beating the consensus of $35.4 billion. "Our refineries operated at a 93 percent capacity utilization rate in the first quarter, despite planned maintenance at several of our facilities, illustrating the benefits from our long-standing commitment to operational excellence," said Joe Gorder, Valero’s Chairman and Chief Executive Officer. The company’s stock has a 52-week low of $96.93.
  • RSI Value: 29.61
  • VLO Price Action: Shares of Valero Energy rose 0.3% to close at $107.38 on Monday.

Empire Petroleum Corporation EP

  • Empire Petroleum said Stephen L. Faulkner has been promoted to Chief Financial Officer for the Company and J. Kevin Vann has been named to the Company's Board of Directors as an independent director. Mike Morrisett, President and Chief Executive Officer of Empire, commented, "We were pleased to have Larry and Kevin join Empire as a proven management team, and look forward to their positive impact on the business for our shareholders." The company’s 52-week low is $8.00.
  • RSI Value: 21.36
  • EP Price Action: Shares of Empire Petroleum fell 0.6% to close at $9.11 on Monday.

Scorpio Tankers Inc. STNG

  • Scorpio Tankers reported worse-than-expected Q1 sales results.. The company has a 52-week low of $24.43.
  • RSI Value: 27.82
  • STNG Price Action: Shares of Scorpio Tankers fell 1.5% to close at $46.29 on Monday.

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