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5 Value Stocks To Watch In The Energy Sector

Author: Benzinga Insights | May 04, 2023 09:39am

What are Value Stocks?

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.

Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching:

  1. BP Prudhoe Bay (NYSE:BPT) - P/E: 1.59
  2. Ovintiv (NYSE:OVV) - P/E: 2.34
  3. Global Partners (NYSE:GLP) - P/E: 2.97
  4. TotalEnergies (NYSE:TTE) - P/E: 7.31
  5. Dorchester Minerals (NASDAQ:DMLP) - P/E: 8.35

BP Prudhoe Bay's earnings per share for Q3 sits at $1.41, whereas in Q2, they were at 1.09. The company's most recent dividend yield sits at 11.45%, which has decreased by 9.23% from 20.68% last quarter.

Ovintiv has reported Q4 earnings per share at $0.91, which has decreased by 36.81% compared to Q3, which was 1.44. The company's most recent dividend yield sits at 2.19%, which has increased by 0.39% from 1.8% last quarter.

Global Partners's earnings per share for Q4 sits at $1.54, whereas in Q3, they were at 3.12. Most recently, TotalEnergies reported earnings per share at $2.61, whereas in Q4 earnings per share sat at $2.97. The company's most recent dividend yield sits at 4.7%, which has increased by 0.08% from 4.62% last quarter.

Dorchester Minerals has reported Q4 earnings per share at $0.71, which has decreased by 19.32% compared to Q3, which was 0.88. Its most recent dividend yield is at 13.67%, which has increased by 2.03% from 11.64% 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: BPT DMLP GLP OVV TTE

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