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.

Vital Energy Inc (NYSE:VTLE)

• On Aug. 7, Vital Energy posted downbeat quarterly earnings. "Our team continues to deliver strong results as our optimized development strategy enhances well productivity on acquired properties," stated Jason Pigott, President and Chief Executive Officer. The company's stock fell around 16% over the past five days and has a 52-week low of $30.57.
• RSI Value: 23.69
• VTLE Price Action: Shares of Vital Energy fell 4.4% to close at $30.57 on Thursday.
• Benzinga Pro's real-time newsfeed alerted to latest VTLE news.

Torm PLC (NASDAQ:TRMD)

• On July 23, Evercore ISI Group analyst Jonathan Chappell maintained TORM with an Outperform and raised the price target from $45 to $48. The company's stock fell around 10% over the past month It has a 52-week low of $24.12.
• RSI Value: 29.27
• TRMD Price Action: Shares of Torm fell 2.2% to close at $33.21 on Thursday.
• Benzinga Pro's charting tool helped identify the trend in TRMD stock.

New Fortress Energy Inc (NASDAQ:NFE)

• On Aug. 9, New Fortress Energy reported worse-than-expected second-quarter financial results. The company's shares fell around 29% over the past month and has a 52-week low of $11.32.
• RSI Value: 29.64
• NFE Price Action: Shares of New Fortress Energy gained 0.5% to close at $11.61 on Thursday.
• Benzinga Pro's signals feature notified of a potential breakout in NFE shares.

Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

• On Aug. 6, Gulf Island Fabrication reported worse-than-expected second-quarter financial results. "We delivered another period of stable, profitable operating results and made continued progress on our strategic objectives during the second quarter," said Richard Heo, Gulf Island's President and Chief Executive Officer. The company's shares lost around 7% over the past five days. The company's 52-week low is $3.13.
• RSI Value: 29.73
• GIFI Price Action: Shares of Gulf Island Fabrication fell 3.2% to close at $5.54 on Thursday.
• Benzinga Pro's earnings calendar was used to track upcoming GIFI's earnings reports.

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