Are Oil Stocks Undervalued?

Matthew DiLallo, The Motley Fool
·4 min read
Are Oil Stocks Undervalued?

Oil stocks are on fire this year. The average one in the S&P Oil & Gas Exploration & Production EFT (an ETF that holds 50 oil and gas producers) is up more than 30% year-to-date. Oil stocks are up even more over the past year as they've skyrocketed off their pandemic-induced bottom in March 2020.