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EVRG or OGE: Which Is the Better Value Stock Right Now?
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Investors looking for stocks in the Utility - Electric Power sector might want to consider either Evergy Inc (EVRG - Free Report) or OGE Energy (OGE - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Evergy Inc has a Zacks Rank of #2 (Buy), while OGE Energy has a Zacks Rank of #3 (Hold) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that EVRG is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture for value investors.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
EVRG currently has a forward P/E ratio of 16.32, while OGE has a forward P/E of 19.23. We also note that EVRG has a PEG ratio of 2.86. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. OGE currently has a PEG ratio of 3.04.
Another notable valuation metric for EVRG is its P/B ratio of 1.52. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, OGE has a P/B of 1.91.
These metrics, and several others, help EVRG earn a Value grade of B, while OGE has been given a Value grade of C.
EVRG sticks out from OGE in both our Zacks Rank and Style Scores models, so value investors will likely feel that EVRG is the better option right now.
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EVRG or OGE: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Utility - Electric Power sector might want to consider either Evergy Inc (EVRG - Free Report) or OGE Energy (OGE - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Evergy Inc has a Zacks Rank of #2 (Buy), while OGE Energy has a Zacks Rank of #3 (Hold) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that EVRG is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture for value investors.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
EVRG currently has a forward P/E ratio of 16.32, while OGE has a forward P/E of 19.23. We also note that EVRG has a PEG ratio of 2.86. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. OGE currently has a PEG ratio of 3.04.
Another notable valuation metric for EVRG is its P/B ratio of 1.52. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, OGE has a P/B of 1.91.
These metrics, and several others, help EVRG earn a Value grade of B, while OGE has been given a Value grade of C.
EVRG sticks out from OGE in both our Zacks Rank and Style Scores models, so value investors will likely feel that EVRG is the better option right now.