Undervalued companies in the energy sector present a compelling opportunity for investors. Considered oversold when the RSI is below 30, these stocks are primed for potential growth in the upcoming quarter.
Green Plains Inc. (GPRE)
- Truist Securities analyst, Jordan Levy, maintained a Buy rating on Green Plains Inc. and adjusted the price target to $35 on Jan. 23. With a 52-week low of $20.01, the company’s stock plunged approximately 22% over the past month.
- RSI Value: 22.05
- GPRE Price Action: Shares of Green Plains fell 1.2% to close at $20.08 on Tuesday.
Vertex Energy, Inc. (VTNR)
- On Jan. 2, Vertex Energy secured an additional $50 million in borrowing capacity, totaling $198 million, through an amendment to its term loan agreement. With a 52-week low of $1.75, the company’s stock plummeted approximately 51% over the past month.
- RSI Value: 28.08
- VTNR Price Action: Shares of Vertex Energy fell 2.6% to close at $1.85 on Tuesday.
Okeanis Eco Tankers Corp. (ECO)
- On Jan. 22, Okeanis Eco Tankers provided a commercial update. With a 52-week low of $26.51, the company’s stock experienced a marginal 1% decline over the past five days.
- RSI Value: 28.77
- ECO Price Action: Shares of Okeanis Eco Tankers gained 1.9% to close at $28.23 on Tuesday.
Investor optimism is on the rise following earnings reports, propelling the S&P 500 to reach new highs.
