Wolfe Research: Energy Stocks May Pull Back After Surging 30% Year-to-Date, Cautious on KMI and AM

LootboxPhobia · 2026-03-16T18:58:55+00:00

Wolfe Research believes that after energy stocks have risen 30% this year, they may enter a consolidation period, with oil prices potentially reaching $100 per barrel but having already peaked. Technical indicators show energy stocks face a digestion period, with Kinder Morgan and Antero Midstream showing signs of weakness and potential pullbacks.

LootboxPhobia

2026-03-16 18:58:55

Abstract generation in progress

Investing.com – Wolfe Research states that after soaring 30% since mid-March this year, energy stocks may enter a consolidation phase.

The sector has acted as a safe haven amid recent market volatility, with investors focusing on oil prices. Despite sharp fluctuations in crude oil prices, Wolfe Research’s commodity analysis on Saturday indicates that oil prices seem ready to rise back above $100 per barrel, although the firm believes oil prices have peaked.

The research report points out that the crude oil futures market remains in steep contango, with current levels comparable to the extreme levels seen at the 2022 peak.

Technical indicators on the Energy Select Sector SPDR Fund chart show divergence. The Relative Strength Index (RSI) and momentum have declined over the past week, while prices remain high, suggesting energy stocks may enter a digestion phase.

Wolfe Research highlights two stocks showing signs of weakness. Kinder Morgan (NYSE: KMI) has stalled and reversed in the past week, with declining momentum and the 50-day moving average around $31. The company expects the pullback to continue.

Antero Midstream (NYSE: AM) remains high after a parabolic rise, but MACD and RSI indicators have both fallen, which Wolfe Research interprets as signals that prices may decline further.

This article was translated with AI assistance. For more information, see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.