Top 3 Energy Stocks That Could Blast Off This Month

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.

RPC, Inc. (NYSE:RES)

• On April 25, RPC posted downbeat first-quarter results. “Our results reflected a modestly weaker oilfield services activity environment with continued competitive pressures,” stated Ben M. Palmer, RPC’s President and Chief Executive Officer. The company's stock fell around 9% over the past five days and has a 52-week low of $6.34 .
• RSI Value: 28.46
• RES Price Action: Shares of RPC rose 1.1% to close at $6.62 on Thursday.

APA Corporation (NASDAQ:APA)         

• On May 1, APA reported worse-than-expected first-quarter earnings. The company's stock fell around 10% over the past five days. It has a 52-week low of $28.90.
• RSI Value: 27.11
• APA Price Action: Shares of APA fell 4.3% to close at $29.18 on Thursday.

Schlumberger Limited (NYSE:SLB)

• On April 19, Schlumberger reported upbeat sales for its first quarter. “We remain confident in our global revenue growth outlook for 2024, with softness in North America being offset by upside in the international markets,” CEO Olivier Le Peuch commented. The company's shares fell around 13% over the past month and has a 52-week low of $42.73.
• RSI Value: 28.11
• SLB Price Action: Shares of Schlumberger gained 0.9% to close at $47.58 on Thursday.

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