What are value stocks?
A value stock is traditionally defined in terms of how investors in the market evaluate the future growth prospects of that company. Low P/E multiples are good basic indicators that the company is undervalued and can most likely be labeled a value stock.
Below is a list of notable value stocks in the energy sector:
- TransGlobe Energy TGA – P/E: 1.73
- Callon Petroleum CPE – P/E: 2.38
- Philip 66 PSX – P/E: 6.89
- ovitive OVV – P/E: 5.22
- Sunoco SUN – P/E: 7.14
Most recently, TransGlobe Energy reported earnings per share of $0.44 compared to earnings per share of $0.66 for the first quarter. Most recently, the company reported a dividend yield of 6.02%, up 1.12% from its 4.9% yield last quarter.
Callon Petroleum’s earnings per share for the second quarter are $3.68 compared to $3.43 for the first quarter. Phillips 66 reported earnings per share of $6.77 for the second quarter, up 412.88% from the first quarter’s 1.32. Its most recent dividend yield is 4.75%, up 0.42% from 4.33% in the previous quarter.
Ovintiv reported an increase in earnings per share to now $2.41 from $2.17 in the first quarter. The company’s most recent dividend yield is 2.06%, up 0.26% from 1.8% last quarter.
Most recently, Sunoco reported earnings per share of $1.2, while earnings per share for the first quarter were $2.32. The company’s most recent dividend yield is 8.45%, up 0.53% from 7.92% last quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical assessment process is not intended to make definitive decisions, our technology can provide investors with additional insight into the sector.
