5 Very Cheap Energy Stocks Ready To Explode

  1. Petroleo Brasileiro SA – Petrobras (ADR) (NYSE:PBR)

Investors with Long Positions (as of June 30): 31

Aggregate Value of Investors’ Holdings (as of June 30): $760.56 Million

Mired in accounting scandals and corruption, Petrobras has dissuaded investors from holding the stock, since at the end of March, 35 hedge funds had a total investment of $727.10 million in the Brazil-based energy company. However, given the current cheap valuation, the stock is trading at a forward earnings multiple of just 6.15, providing an enticing entry point into the company, whose fortunes could change considerably with a rise in the price of oil. In its latest production report for August, Petroleo Brasileiro SA – Petrobras (ADR) (NYSE:PBR) showed an improvement in total production both from July and year-ago levels. Doug Silverman and Alexander Klabin‘s Senator Investment Group is the largest stockholder of Petroleo Brasileiro SA – Petrobras (ADR) (NYSE:PBR) within our database, owing 20.0 million shares valued at $181 million.