Energy companies are finally starting to come back into favor.

After enduring the longest oil-price collapse in more than a decade, crashing profits and an investor exodus, Europe’s biggest producers are regaining fans as analysts bet earnings bottomed last quarter and will now start to recover.

Oil prices ease as demand outlook eclipses supply falls

Oil prices eased on Monday, paring some of last week’s 2 percent rally, despite evidence of slowing U.S. production and a fourth weekly increase in U.S. investor holdings of crude futures.