Top 4 Energy Stocks Which Could Rescue Your Portfolio This Month
Portfolio Pulse from Avi Kapoor
The article highlights four energy stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting they may be undervalued. San Juan Basin Royalty Trust (SJT) settled with Hilcorp for $1.04 million but saw a 24% stock decline over the past month. U.S. Energy Corp. (USEG) reported a Q3 loss, with a 20% stock decrease. Drilling Tools International Corp. (DTI) experienced an EPS decline in Q3 and a 12% stock fall. Permian Basin Royalty Trust (PBT) shares dropped 22% over the past month. All four stocks have RSI values below 30, indicating potential for short-term performance improvement.
December 14, 2023 | 2:11 pm
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POSITIVE IMPACT
Drilling Tools International Corp. reported a decline in EPS for Q3, with the stock falling around 12% over the past month and an RSI of 25.72.
The EPS decline is already reflected in the stock price, and the low RSI could mean the stock is due for a correction upwards.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Permian Basin Royalty Trust shares lost around 22% over the past month, with an RSI of 23.68.
The significant drop in share price and low RSI could make PBT an attractive option for investors seeking undervalued energy stocks.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
San Juan Basin Royalty Trust recently settled with Hilcorp for $1.04 million and experienced a 24% stock decline over the past month, with an RSI of 21.55.
The settlement and low RSI may indicate a resolution to past issues and potential for a price rebound, making it attractive to investors.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
U.S. Energy Corp. reported a Q3 loss, with the stock falling around 20% over the past month and an RSI of 25.82.
The Q3 loss has been priced in, and the low RSI suggests the stock might be oversold, offering a potential buying opportunity.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 80