PSX - 3 Cheap Energy Stocks to Buy Right Now
In overvalued markets, finding bargain-priced stocks can be particularly difficult. But there are many hidden gems right now if you know where to look. Energy sector stocks, in particular, look attractive. Rising prices for crude oil over the last three months have given a boost to some of those companies' stock prices, but despite that, these three are still trading at attractive levels. And that's not the only reason they might appear appealing to you.
Phillips 66 (NYSE: PSX) had a bad fourth quarter -- but that was expected. The refiner reported a loss of $539 million. Its refinery utilization rate fell to 69%, both due to a slump in demand for its end products and the company's planned turnaround and maintenance activity.
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3 Cheap Energy Stocks to Buy Right Now