Investors have faced elevated volatility in the market recently. First, there was the big rout of tech stocks, and now the buzz on Wall Street is that oil stocks may have fallen too far.

Here are three stories from this morning offering contrasting views of the energy sector, which is understandably hypersensitive to oil prices:

• Oil rout leaves energy stocks oversold, contrarians circling

• Record U.S., Russia and Saudi oil production means supply well outstrips global demand: IEA

• Here’s a handful of reasons why oil’s bear plunge is overcooked: Goldman Sachs

Saudi Arabia cooperated with President Trump by increasing oil production leading into a new round of U.S. sanctions against Iran. But now the kingdom is having second thoughts, not only about its production level, but about the very existence of OPEC.

The price of West Texas Intermediate crude oil (WTI) CL1, -6.08% declined 32% form the end of September through Nov. 13, while the S&P 500 SPX, -0.76% energy sector was down 14%.

If you believe oil prices are due for a quick rebound or that oil stocks are oversold, it’s time to jump in. If you believe that “we’re not quite there yet,” but want to be a part of the next recovery for the sector, then you need to think about which stocks you will eventually buy.

Sell-side analysts’ price targets only look 12 months out, which is not a very long time if you are looking to make a killing when the commodity-price recovery resumes. But Wall Street’s favorites are the ones the brokers pump the most, so it may be a useful part of your own research to see which energy stocks the analysts like best.

There are 29 companies in the S&P 500 energy sector. Analysts polled by FactSet have majority “buy” or equivalent ratings on 19 of them. Here they are, sorted by implied 12-month upside potential, based on consensus price targets:

Company Ticker Share 'buy' ratings Share neutral ratings Share 'sell' ratings Closing price - Nov. 13 Consensus price target Implied 12-month upside potential Total return - Sept. 28 through nov. 13 Noble Energy Inc. NBL, +0.65% 65% 32% 3% $24.58 $42.02 71% -21% Devon Energy Corp. DVN, -1.17% 75% 25% 0% $30.90 $49.83 61% -23% Marathon Petroleum Corp. MPC, -0.51% 100% 0% 0% $64.17 $103.06 61% -20% Pioneer Natural Resources Co. PXD, +0.25% 85% 15% 0% $150.30 $240.57 60% -14% Anadarko Petroleum Corp. APC, -0.96% 85% 15% 0% $54.93 $85.90 56% -19% Marathon Oil Corp. MRO, +1.28% 72% 28% 0% $16.47 $25.64 56% -29% Baker Hughes, a GE Co. Class A BHGE, -2.73% 75% 25% 0% $23.80 $36.84 55% -30% Schlumberger NV SLB, +0.99% 66% 34% 0% $47.34 $71.83 52% -22% Halliburton Co. HAL, -0.06% 80% 17% 3% $32.27 $48.64 51% -20% TechnipFMC Plc FTI, +1.74% 70% 15% 15% $23.53 $35.32 50% -25% Valero Energy Corp. VLO, -1.47% 70% 25% 5% $83.57 $123.06 47% -27% Concho Resources Inc. CXO, +1.01% 76% 24% 0% $127.50 $186.56 46% -17% Cimarex Energy Co. XEC, +2.60% 67% 33% 0% $84.56 $123.50 46% -9% EOG Resources Inc. EOG, -0.46% 67% 33% 0% $98.52 $141.42 44% -23% Williams Cos.. WMB, +1.77% 77% 23% 0% $24.32 $33.19 36% -11% ConocoPhillips COP, +0.63% 52% 48% 0% $63.72 $83.40 31% -17% Occidental Petroleum Corp. OXY, +0.24% 65% 35% 0% $70.78 $89.50 26% -14% Kinder Morgan Inc. Class P KMI, -1.40% 83% 17% 0% $17.18 $21.63 26% -2% Chevron Corp. CVX, +0.32% 76% 24% 0% $115.35 $143.74 25% -6%