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.

NCS Multistage Holdings Inc (NASDAQ:NCSM)

  • On April 29, NCS Multistage reported worse-than-expected first-quarter sales results. NCS’s Chief Executive Officer, Ryan Hummer, said, “Solid execution and momentum in the United States in the first quarter, including the contribution from ResMetrics, partially offset the impact of lower year-over-year industry activity levels in North America, customer-specific job deferrals in Canada in March, and other timing-related delays in certain international projects.” The company's stock fell around 36% over the past five days and has a 52-week low of $28.64.
  • RSI Value: 29.9
  • NCSM Price Action: Shares of NCS Multistage fell 9.4% to close at $49.56 on Friday.
  • Edge Stock Ratings: 84.85 Momentum score with Value at 96.73.

Core Laboratories Inc (NYSE:CLB)        

  • On April 29, Core Laboratories reported worse-than-expected first-quarter financial results. The company's stock fell around 20% over the past five days and has a 52-week low of $9.72.
  • RSI Value: 29.3
  • CLB Price Action: Shares of Core Laboratories fell 4% to close at $14.07 on Friday.
  • Benzinga Pro’s charting tool helped identify the trend in CLB stock.

Transportadora de Gas del Sur SA ADR Class B (NYSE:TGS)

  • On March 25, the company posted downbeat quarterly earnings. The company's stock fell around 15% over the past month and has a 52-week low of $19.74.
  • RSI Value: 27
  • TGS Price Action: Shares of Transportadora de Gas del Sur SA fell 4.1% to close at $29.27 on Friday.
  • Benzinga Pro’s signals feature notified of a potential breakout in TGS shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

Photo via Shutterstock