Russ Cohen

Investor Insights: Top Energy Stocks With Potential for Growth Investor Insights: Top Energy Stocks With Potential for Growth

The energy market is replete with opportunity for investors seeking undervalued companies. In particular, stocks in the energy sector have recently become oversold, holding potential for a lucrative entry point.

One main indicator, the Relative Strength Index (RSI), has signaled the potential for stocks to rebound. When a stock’s RSI falls below 30, the asset is often considered oversold, setting the stage for a potential upswing. Keeping an eye on the RSI of energy stocks can provide traders with valuable insight for the short term.

Here’s a roundup of major energy stocks with near or below 30 RSI values and potential for growth.

The Potential of San Juan Basin Royalty Trust (SJT)

  • Recently, on Sept. 7, San Juan Basin Royalty Trust reached a settlement agreement with Hilcorp, solidifying a positive development for the company. Despite this, the stock has experienced a significant drop of around 25% over the past month, reaching a 52-week low of $4.93.
  • RSI Value: 28.71
  • SJT Price Action: The shares of San Juan Basin Royalty Trust gained 2% to close at $5.13 on Thursday.

Hallador Energy Company: Searching for the Rebound (HNRG)

  • Following downbeat quarterly earnings reported on Nov. 6, Hallador Energy Company has experienced a significant stock decline of around 28% over the past month, reaching a 52-week low of $6.87. However, it’s important to note that high coal sales prices have supported revenue growth, even amidst operational challenges.
  • RSI Value: 22.44
  • HNRG Price Action: The shares of Hallador Energy fell 0.6% to close at $8.95 on Thursday.

Insights into Permianville Royalty Trust (PVL)

  • On Dec. 18, Permianville Royalty Trust released its monthly operational update. Despite this positive disclosure, the company’s stock has dropped by around 25% over the past month, reaching a 52-week low of $1.46.
  • RSI Value: 27.98
  • PVL Price Action: The shares of Permianville Royalty Trust fell 1.4% to close at $1.46 on Thursday.
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