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News

5 Value Stocks In The Energy Sector

Author: Benzinga Insights | August 10, 2023 10:39am

What is a Value Stock?

A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.

Below is a list of notable value stocks in the energy sector:

  1. Global Partners (NYSE:GLP) - P/E: 4.82
  2. Amplify Energy (NYSE:AMPY) - P/E: 0.67
  3. Northern Oil & Gas (NYSE:NOG) - P/E: 2.91
  4. Eni (NYSE:E) - P/E: 5.25
  5. Diamondback Energy (NASDAQ:FANG) - P/E: 7.8

Global Partners's earnings per share for Q2 sits at $1.05, whereas in Q1, they were at 0.7. Most recently, the company reported a dividend yield of 8.33%, which has decreased by 0.13% from last quarter's yield of 8.46%.

Amplify Energy's earnings per share for Q2 sits at $0.24, whereas in Q1, they were at 0.21. Its most recent dividend yield is at 9.62%, which has decreased by 0.89% from 10.51% in the previous quarter.

Most recently, Northern Oil & Gas reported earnings per share at $1.49, whereas in Q1 earnings per share sat at $1.76. Most recently, the company reported a dividend yield of 3.86%, which has decreased by 0.6% from last quarter's yield of 4.46%.

Eni has reported Q2 earnings per share at $1.24, which has decreased by 32.97% compared to Q1, which was 1.85. The company's most recent dividend yield sits at 3.31%, which has decreased by 0.15% from 3.46% last quarter.

Diamondback Energy has reported Q2 earnings per share at $3.68, which has decreased by 10.24% compared to Q1, which was 4.1. Most recently, the company reported a dividend yield of 2.31%, which has increased by 0.06% from last quarter's yield of 2.25%.

The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

Posted In: AMPY E FANG GLP NOG

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