As growth stocks continue to dominate the market, some investors may want to consider value stocks, particularly those with low price-earnings ratios. Five stocks that fit this criteria and are components of the Russell 2000 index are Eastern Bancshares, Essent Group, Riley Exploration Permian, SM Energy, and Select Water Solutions. These stocks have solid earnings records and pay dividends to shareholders.
Eastern Bancshares, a financial services company based in Boston, Massachusetts, has seen its earnings increase by 17.40% this year and 19.60% over the past 5 years. With a market capitalization of $2.22 billion, Eastern Bancshares trades at a discount from its book value and has a price-earnings ratio of 8. The company also pays a dividend of 3.33%.
Essent Group, a Bermuda-based insurer, has a market capitalization of $5.73 billion. The company’s earnings are up by 1.36% this year and 6.38% over the past 5 years. With a price-earnings ratio of 8 and trading at 1.12 times book value, Essent Group also offers investors a dividend of 1.92%.
Riley Exploration Permian, an oil and gas exploration company based in Oklahoma City, Oklahoma, has a market capitalization of $627 million. The company has a price-earnings ratio of 5.25 and trades at 1.42 times book value. Earnings for Riley Exploration are up by 39% this year and 25% over the past 5 years, with the company paying a dividend of 4.78%.
SM Energy, an oil and gas exploration company founded in 1908, has a market capitalization of $5.87 billion. The company’s earnings are up by 1.12% this year and 8.90% over the past 5 years. SM Energy has a debt load that amounts to about half of shareholder equity and pays a dividend of 1.24%.
Select Water Solutions, based in Houston, Texas, is involved in water services, water infrastructure, and oilfield services. The company has a market capitalization of $937 million and this year’s earnings are up by 0.42%. Over the past 5 years, earnings have increased by 15.95% and the company pays a dividend of 2.39%.
These value stocks are worth considering for investors looking to diversify their portfolios and potentially capitalize on the current market trend. With solid earnings, low price-earnings ratios, and dividend payments, Eastern Bancshares, Essent Group, Riley Exploration Permian, SM Energy, and Select Water Solutions may offer opportunities for growth and income in the current market environment.
Sources:
https://www.finvez.com
https://www.stockcharts.com
https://johnnavinsnewsletter.substack.com/
