What Defines 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.
Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:
- Suburban Propane Partners SPH - P/E: 7.35
- Genie Energy GNE - P/E: 5.03
- Pampa Energia PAM - P/E: 7.29
- UGI UGI - P/E: 7.94
- OPAL Fuels OPAL - P/E: 4.59
Suburban Propane Partners saw a decrease in earnings per share from -0.04 in Q3 to $-0.86 now. Most recently, the company reported a dividend yield of 8.28%, which has increased by 0.31% from last quarter's yield of 7.97%.
Most recently, Genie Energy reported earnings per share at $0.7, whereas in Q2 earnings per share sat at $1.3. The company's most recent dividend yield sits at 2.78%, which has decreased by 0.55% from 3.33% last quarter.
Pampa Energia saw an increase in earnings per share from 1.2 in Q2 to $3.23 now. UGI saw a decrease in earnings per share from 0.06 in Q3 to $0.0 now. Its most recent dividend yield is at 3.9%, which has increased by 0.55% from 3.35% in the previous quarter.
This quarter, OPAL Fuels experienced a decrease in earnings per share, which was $0.08 in Q2 and is now $-0.06.
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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