A Look Into Energy Sector Value Stocks

Author: Benzinga Insights | November 02, 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.

The following stocks are considered to be notable value stocks in the energy sector:

1. Chesapeake Energy (NASDAQ:CHK) - P/E: 2.05
2. California Resources (NYSE:CRC) - P/E: 4.35
3. Scorpio Tankers (NYSE:STNG) - P/E: 4.08
4. KLX Energy Services Hldgs (NASDAQ:KLXE) - P/E: 2.75
5. APA (NASDAQ:APA) - P/E: 8.12

Most recently, Chesapeake Energy reported earnings per share at $1.09, whereas in Q2 earnings per share sat at $0.64. California Resources's earnings per share for Q3 sits at $1.02, whereas in Q2, they were at 0.53. The company's most recent dividend yield sits at 2.36%, which has increased by 0.16% from 2.2% last quarter.

Scorpio Tankers has reported Q2 earnings per share at $2.41, which has decreased by 27.19% compared to Q1, which was 3.31. Most recently, the company reported a dividend yield of 2.13%, which has increased by 0.22% from last quarter's yield of 1.91%.

KLX Energy Services Hldgs has reported Q2 earnings per share at $0.81, which has increased by 1.25% compared to Q1, which was 0.8. APA saw an increase in earnings per share from 0.85 in Q2 to $1.33 now. The company's most recent dividend yield sits at 2.33%, which has decreased by 0.66% from 2.99% last 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: APA CHK CRC KLXE STNG