Top 3 Energy Stocks Which Could Rescue Your Portfolio In Q4

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.

Talos Energy Inc (NYSE:TALO)

• On Oct. 15, Citigroup analyst Paul Diamond maintained Talos Energy with a Buy and raised the price target from $18 to $21. The company’s stock fell around 12% over the past five days and has a 52-week low of $9.35.
• RSI Value: 29.1
• TALO Price Action: Shares of Talos Energy dipped 9.7% to close at $16.46 on Monday.
• Edge Stock Ratings: 90.99 Momentum score.

Peabody Energy Corp (NYSE:BTU)        

• On Oct. 26, B. Riley Securities analyst Nick Giles upgraded Peabody Energy from Neutral to Buy and raised the price target from $29 to $30. The company’s stock fell around 17% over the past month and has a 52-week low of $20.06.
• RSI Value: 27.2
• BTU Price Action: Shares of Peabody Energy declined 5.1% to close at $21.05 on Monday.
• Benzinga Pro’s charting tool helped identify the trend in BTU stock.

FLEX LNG Ltd (NYSE:FLNG)

• Flex LNG said it will release its unaudited financial results for the third quarter on Wednesday Nov. 11. The company’s stock fell around 13% over the past month and has a 52-week low of $24.14.
• RSI Value: 25.5
• FLNG Price Action: Shares of FLEX LNG fell 3.8% to close at $27.28 on Monday.
• Benzinga Pro’s signals feature notified of a potential breakout in FLNG shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

Photo via Shutterstock