5 Value Stocks To Watch In The Energy Sector

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.

Below is a list of notable value stocks in the energy sector:

  1. Imperial Ptrl IMPP - P/E: 1.18
  2. Cenovus Energy CVE - P/E: 7.62
  3. EQT EQT - P/E: 7.45
  4. Canadian Natural Res CNQ - P/E: 8.47
  5. Kimbell Royalty Partners KRP - P/E: 9.4

Imperial Ptrl has reported Q4 earnings per share at $0.07, which has decreased by 12.5% compared to Q3, which was 0.08. Cenovus Energy's earnings per share for Q4 sits at $0.29, whereas in Q3, they were at 0.62. Most recently, EQT reported earnings per share at $0.42, whereas in Q3 earnings per share sat at $1.04. Most recently, the company reported a dividend yield of 2.01%, which has increased by 0.59% from last quarter's yield of 1.42%.

Canadian Natural Res saw a decrease in earnings per share from 2.37 in Q3 to $1.46 now. Its most recent dividend yield is at 4.57%, which has increased by 0.44% from 4.13% in the previous quarter.

Most recently, Kimbell Royalty Partners reported earnings per share at $0.48, whereas in Q3 earnings per share sat at $0.59. Its most recent dividend yield is at 13.16%, which has increased by 3.07% from 10.09% 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.

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