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:
- Natural Resources (NYSE:NRP) - P/E: 7.27
- Helmerich & Payne (NYSE:HP) - P/E: 9.27
- Civitas Resources (NYSE:CIVI) - P/E: 7.05
- Geospace Technologies (NASDAQ:GEOS) - P/E: 6.75
- Chesapeake Energy (NASDAQ:CHK) - P/E: 4.95
Natural Resources's earnings per share for Q3 sits at $2.91, whereas in Q2, they were at 2.49. Its most recent dividend yield is at 3.43%, which has decreased by 0.77% from 4.2% in the previous quarter.
This quarter, Helmerich & Payne experienced an increase in earnings per share, which was $0.69 in Q4 and is now $0.97. Civitas Resources has reported Q3 earnings per share at $1.56, which has decreased by 9.3% compared to Q2, which was 1.72. Geospace Technologies's earnings per share for Q1 sits at $0.94, whereas in Q4, they were at 0.33. Most recently, Chesapeake Energy reported earnings per share at $1.31, whereas in Q3 earnings per share sat at $1.09. Its most recent dividend yield is at 0.42%, which has decreased by 2.27% from 2.69% 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.