WTI - Top 5 Energy Stocks That Could Blast Off This Quarter | Benzinga
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.
Ranger Energy Services, Inc. (NYSE: RNGR)
- Ranger Energy Services reported worse-than-expected third-quarter revenue results and issued FY23 revenue guidance below estimates. Stuart Bodden, Ranger’s Chief Executive Officer, commented, "In the third quarter of 2023, Ranger continued to deliver strong financial performance despite lower U.S. onshore drilling ...