5 Oversold Energy Stocks You Can Buy Right Now

4. Teekay Corporation (NYSE:TK)

14-day RSI: 39.97

Number of Hedge Fund Holders: 19

Teekay Corporation (NYSE:TK) is engaged in providing marine transportation and related services essentially for crude oil on an international scale. In the fourth quarter, Teekay Corporation (NYSE:TK) reported its fourth-quarter earnings result with a non-GAAP EPS of $0.35 and revenue of $339.19 million.

Teekay Corporation (NYSE:TK) has a 14-day RSI of 39.97 and a trailing twelve-month (TTM) PE ratio of 4.81, as at the time of writing on March 13. It is one of the best oversold energy stocks to buy now according to hedge funds.

In Q4, Teekay Corporation (NYSE:TK) was part of 19 hedge funds’ portfolios. The funds’ stakes amounted to $77.504 million. D E Shaw is the largest shareholder in the company with a position worth $8.476 million, as of December 31, 2023.

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