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, according to Benzinga Pro.

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

Chesapeake Energy Corp (NASDAQ:CHK)

• On July 22, Truist Securities analyst Neal Dingmann maintained Chesapeake Energy with a Buy and lowered the price target from $112 to $108. The company's stock fell around 4% over the past five days and has a 52-week low of $72.84.
• RSI Value: 28.39
• CHK Price Action: Shares of Chesapeake Energy gained 0.5% to close at $77.79 on Friday.
• Benzinga Pro's real-time newsfeed alerted to latest Chesapeake Energy news.

EQT Corp (NYSE:EQT)    

• On July 23, EQT posted better-than-expected quarterly results. President and CEO Toby Z. Rice stated, “This week marked a significant milestone in the history of our company as we closed the acquisition of Equitrans, transforming EQT into America’s only large-scale, vertically integrated natural gas business. This combination creates a truly differentiated business model among the energy investment landscape, as EQT is now at the low end of the North American natural gas cost curve.” The company's stock fell around 5% over the past five days. It has a 52-week low of $32.07.
• RSI Value: 27.60
• EQT Price Action: Shares of EQT fell 0.2% to close at $34.31 on Friday.
• Benzinga Pro's charting tool helped identify the trend in EQT stock.

Indonesia Energy Corp Ltd (NYSE:INDO)

BP Prudhoe Bay Royalty Trust (NYSE:BPT)

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