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.

Sable Offshore Corp (NYSE:SOC)

  • On July 1, the company priced its concurrent public offerings of 32,467,533 shares at $3.08 per share and $300.0 million aggregate principal amount of 6.5% convertible senior notes due 2031. The company’s stock fell around 58% over the past month and has a 52-week low of $2.88.
  • RSI Value: 27.4
  • SOC Price Action: Shares of Sable Offshore fell 5.2% to close at $4.16 on Wednesday.
  • Edge Stock Ratings: 0.67 Momentum score.

San Juan Basin Royalty Trust (NYSE:SJT)        

  • On May 14, San Juan Basin Royalty posted a first-quarter loss of 1 cent per share. The company’s stock fell around 19% over the past month and has a 52-week low of $2.57.
  • RSI Value: 28
  • SJT Price Action: Shares of San Juan Basin Royalty Trust gained 0.4% to close at $2.66 on Wednesday.
  • Benzinga Pro’s charting tool helped identify the trend in SJT stock.

MV Oil Trust (NYSE:MVO)

  • On July 2, MV Oil Trust announced the Trust distribution of net profits for the quarterly payment period ended June 30. The company’s stock fell around 56% over the past month and has a 52-week low of $0.61.
  • RSI Value: 23
  • MVO Price Action: Shares of MV Oil Trust fell 23.5% to close at $0.63 on Wednesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in MVO shares.

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