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Overview Of Value Stocks In The Energy Sector

Author: Benzinga Insights | August 24, 2023 09:39am

The Meaning Behind 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:

  1. North European Oil (NYSE:NRT) - P/E: 3.43
  2. Evolution Petroleum (AMEX:EPM) - P/E: 6.24
  3. Earthstone Energy (NYSE:ESTE) - P/E: 4.24
  4. HighPeak Energy (NASDAQ:HPK) - P/E: 6.5
  5. Murphy Oil (NYSE:MUR) - P/E: 6.91

This quarter, North European Oil experienced a decrease in earnings per share, which was $1.05 in Q2 and is now $0.21. Its most recent dividend yield is at 5.61%, which has decreased by 25.0% from 30.61% in the previous quarter.

Evolution Petroleum has reported Q3 earnings per share at $0.42, which has increased by 50.0% compared to Q2, which was 0.28. Most recently, the company reported a dividend yield of 7.52%, which has decreased by 0.44% from last quarter's yield of 7.96%.

Earthstone Energy saw a decrease in earnings per share from 0.77 in Q1 to $0.53 now. HighPeak Energy's earnings per share for Q2 sits at $0.25, whereas in Q1, they were at 0.39. The company's most recent dividend yield sits at 0.74%, which has increased by 0.32% from 0.42% last quarter.

Murphy Oil has reported Q2 earnings per share at $0.79, which has decreased by 36.29% compared to Q1, which was 1.24. Its most recent dividend yield is at 2.56%, which has decreased by 0.28% from 2.84% 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.

Posted In: EPM ESTE HPK MUR NRT

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