What are value stocks?
A value stock is traditionally defined in terms of how investors in the market assess the future growth prospects of that company. Low P/E multiples are good basic indicators that the company is undervalued and most likely qualifies as a value stock.
Below is a list of notable value stocks in the energy sector:
- TransGlobe Energy TGA – PER: 1.73
- Callon oil CPE – PER: 2.38
- Phillips 66 PSX – PER: 6.89
- Ovintiv VOV – PER: 5.22
- Sunoco SUN – PER: 7.14
Most recently, TransGlobe Energy reported earnings per share of $0.44, compared to first quarter earnings per share of $0.66. Most recently, the company reported a dividend yield of 6.02%, up 1.12% from last quarter’s 4.9% yield.
Callon Petroleum’s earnings per share for the second quarter came in at $3.68, down from 3.43 in the first quarter. Phillips 66 reported Q2 earnings per share of $6.77, up 412.88% from Q1, which was 1.32. Its most recent dividend yield is 4.75%, up 0.42% from 4.33% in the previous quarter.
Ovintiv saw its earnings per share fall from 2.17 in the first quarter to 2.41 dollars currently. The company’s most recent dividend yield sits at 2.06%, up 0.26% from 1.8% last quarter.
Most recently, Sunoco reported earnings per share of $1.2, while first quarter earnings per share were $2.32. The company’s most recent dividend yield sits at 8.45%, which is up 0.53% from 7.92% last quarter.
These 5 value stocks were selected by Glimpses of Benzinga based on a numerical analysis. Although this methodical judgment process is not intended to make final decisions, our technology can give investors additional insight into the sector.