Understanding Value Stocks
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.
Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching:
- Crescent Energy CRGY - P/E: 5.07
- Liberty Energy LBRT - P/E: 4.76
- Cheniere Energy LNG - P/E: 4.72
- Murphy Oil MUR - P/E: 6.81
- W&T Offshore WTI - P/E: 4.76
This quarter, Crescent Energy experienced a decrease in earnings per share, which was $1.11 in Q1 and is now $0.51. The company's most recent dividend yield sits at 3.98%, which has decreased by 0.54% from 4.52% last quarter.
Liberty Energy's earnings per share for Q2 sits at $0.87, whereas in Q1, they were at 0.9. Its most recent dividend yield is at 1.32%, which has decreased by 0.19% from 1.51% in the previous quarter.
Most recently, Cheniere Energy reported earnings per share at $5.61, whereas in Q1 earnings per share sat at $22.1. Its most recent dividend yield is at 1.0%, which has decreased by 0.04% from 1.04% in the previous quarter.
Murphy Oil's earnings per share for Q2 sits at $0.79, whereas in Q1, they were at 1.24. Its most recent dividend yield is at 2.56%, which has decreased by 0.28% from 2.84% in the previous quarter.
W&T Offshore saw a decrease in earnings per share from -0.02 in Q1 to $-0.08 now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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