Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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.
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Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching:
- Overseas Shipholding Gr (NYSE:OSG) - P/E: 5.53
- Navios Maritime (NYSE:NNA) - P/E: 1.47
- Equitrans Midstream (NYSE:ETRN) - P/E: 7.69
- CrossAmerica Partners (NYSE:CAPL) - P/E: 6.43
- Phillips 66 Partners (NYSE:PSXP) - P/E: 9.5
Overseas Shipholding Gr saw a decrease in earnings per share from 0.07 in Q2 to -0.01 now. Overseas Shipholding Gr does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Navios Maritime saw a decrease in earnings per share from 2.01 in Q2 to -0.23 now. Its most recent dividend yield is at 4.36%, which has decreased by 22.07% from 26.43% in the previous quarter.
Equitrans Midstream looks to be undervalued. It possesses an EPS of 0.31, which has not changed since last quarter (Q3). Most recently, the company reported a dividend yield of 8.39%, which has increased by 1.23% from last quarter's yield of 7.16%.
Most recently, CrossAmerica Partners reported earnings per share at 0.24, whereas in Q3 earnings per share sat at 0.56. The company's most recent dividend yield sits at 11.99%, which has decreased by 1.78% from 13.77% last quarter.
This quarter, Phillips 66 Partners experienced a decrease in earnings per share, which was 0.85 in Q3 and is now 0.8. Its most recent dividend yield is at 11.37%, which has decreased by 3.16% from 14.53% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.