Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

A Look Into Energy Sector Value Stocks

Author: Benzinga Insights | August 31, 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.

Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching:

  1. Liberty Energy (NYSE:LBRT) - P/E: 4.72
  2. US Silica Holdings (NYSE:SLCA) - P/E: 6.33
  3. Phillips 66 (NYSE:PSX) - P/E: 4.9
  4. Ring Energy (AMEX:REI) - P/E: 2.05
  5. Granite Ridge Resources (NYSE:GRNT) - P/E: 5.82

This quarter, Liberty Energy experienced a decrease in earnings per share, which was $0.9 in Q1 and is now $0.87. Its most recent dividend yield is at 1.32%, which has decreased by 0.19% from 1.51% in the previous quarter.

This quarter, US Silica Holdings experienced a decrease in earnings per share, which was $0.64 in Q1 and is now $0.6. Most recently, the company reported a dividend yield of 1.33%, which has decreased by 3.15% from last quarter's yield of 4.48%.

This quarter, Phillips 66 experienced a decrease in earnings per share, which was $4.21 in Q1 and is now $3.87. The company's most recent dividend yield sits at 4.14%, which has decreased by 0.33% from 4.47% last quarter.

Ring Energy looks to be undervalued. It possesses an EPS of $0.14, which has not changed since last quarter (Q1). Most recently, Granite Ridge Resources reported earnings per share at $0.19, whereas in Q1 earnings per share sat at $0.21. Its most recent dividend yield is at 5.64%, which has decreased by 2.65% from 8.29% in the previous quarter.

These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

Posted In: GRNT LBRT PSX REI SLCA

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist