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10 Energy Stocks Trading at Deep Discounts

NEW YORK ( TheStreet) -- BP plc (BP - Get Report), Total (TOT - Get Report), China Petroleum & Chemical (Sinopec) (SNP - Get Report), Yingli Green Energy Holding (YGE), LDK Solar (LDK) and ReneSola (SOL - Get Report) are among the cheapest energy stocks.

The current upswing in crude oil prices may support energy stocks to outperform broader markets during the upcoming weeks. Year-to-date, the S&P 500 Index gained 4.6%, while the S&P 500 Energy Index surged 12.0%.

In the current market environment of volatile oil prices, the following 10 energy stocks are trading at deep discounts, offering bargain opportunities to investors. These stocks are selling at price-to-projected-earnings ratio of less than 9, while the S&P 500 index is trading at a PE ratio of 15.6.

In comparison, Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), Apache (APA) and Suncor Energy (SU) have forward price-to-earnings multiples in the range of 9.3-18.5.

The following 10 energy stocks have buy ratings in the range of 40%-82% and are expected to gain up to 56% over the next 12 months with a mean upside value of around 21%, according to analysts polled by Bloomberg.

The stocks are ordered from cheap to cheapest based on forward earnings multiples.
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