5 Value Stocks To Watch In The Energy Sector

Author: Benzinga Insights | December 14, 2023 10:39am

What is a Value Stock?

A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

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

1. Callon Petroleum (NYSE:CPE) - P/E: 2.92
2. Smart Sand (NASDAQ:SND) - P/E: 6.27
3. Chesapeake Energy (NASDAQ:CHK) - P/E: 2.03
4. Diamondback Energy (NASDAQ:FANG) - P/E: 8.48
5. Global Partners (NYSE:GLP) - P/E: 9.95

This quarter, Callon Petroleum experienced a decrease in earnings per share, which was $1.99 in Q2 and is now $1.82. Smart Sand saw an increase in earnings per share from 0.17 in Q2 to $0.18 now. Chesapeake Energy has reported Q3 earnings per share at $1.09, which has increased by 70.31% compared to Q2, which was 0.64. Most recently, the company reported a dividend yield of 0.42%, which has decreased by 2.27% from last quarter's yield of 2.69%.

This quarter, Diamondback Energy experienced an increase in earnings per share, which was $3.68 in Q2 and is now $5.49. Global Partners has reported Q3 earnings per share at $0.6, which has decreased by 42.86% compared to Q2, which was 1.05. Its most recent dividend yield is at 9.28%, which has increased by 0.95% from 8.33% 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: CHK CPE FANG GLP SND