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Top Energy Stocks Poised for September Growth

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Don’t miss out on the opportunity to invest in undervalued energy stocks.

The Relative Strength Index (RSI) is a momentum indicator that compares a stock’s strength on days when prices rise to its strength on days when prices fall. A stock is considered oversold when its RSI is below 30, suggesting potential for short-term growth.

Here are some major oversold energy stocks with an RSI near or below 30:

Borr Drilling Limited BORR

  • Borr Drilling’s premium jack-up rigs β€œProspector 5” and β€œNatt” have secured a $211 million contract for work in West Africa from an undisclosed customer. The stock’s 52-week low is $3.22.
  • RSI Value: 29.91
  • BORR Price Action: On Thursday, shares of Borr Drilling fell 2.5% to close at $6.99.

Drilling Tools International Corp. DTI

  • Drilling Tools International reported a decline in second-quarter EPS. Its 52-week low is $3.74.
  • RSI Value: 28.11
  • DTI Price Action: On Thursday, shares of Drilling Tools International fell 3.5% to close at $3.85.

Cosan S.A. CSAN

  • The company’s shares have fallen around 14% in the past month. Its 52-week low is $10.13.
  • RSI Value: 26.98
  • CSAN Price Action: On Thursday, shares of Cosan fell 4.9% to close at $14.21.

Read More: Investor Sentiment Declines After US Stocks Record Losses For August

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