8 Beaten-Down Energy Stocks to Buy Low

It's been a wild ride for energy investors.

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It's been a wild ride for energy investors. Stocks of small U.S. energy companies fell 51% from June 2014 to March 2015, while midsized firms surrendered 37%. But after the price of oil seemingly bottomed out at $43 per barrel in March, these stocks appeared ready to take off.

The hope of a big turnaround was short-lived, though. Oil prices began to tumble again in June, thanks in large part to worries over slowing global economic growth. On August 24, oil sunk to $38 per barrel, its lowest level since February 2009. Energy stocks retreated as well. From June 10 to August 26, small energy firms surrendered 41%, and midsized companies slumped 30%. A late-summer rally saw oil claw back to $45. Kiplinger is forecasting that oil will trade between $40 and $45 per barrel by December.

Disclaimer

All figures as of August 31. Stocks listed in alphabetical order. Performance of small energy companies represented by Standard & Poor’s SmallCap 600 Energy index, a measure of U.S. firms with a maximum market value of $2 billion. The performance of midsized energy companies is represented by S&P Midcap 400 Energy index, made up of firms with a top market value of $9.5 billion. Oil prices refer to West Texas Intermediate, the U.S. benchmark for crude.

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Contributing Writer, Kiplinger's Personal Finance
Carolyn Bigda has been writing about personal finance for more than nine years. Previously, she wrote for Money, and is a regular contributor to the Chicago Tribune.