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Should Value Investors Buy Plains Group (PAGP) Stock?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Plains Group (PAGP - Free Report) . PAGP is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 12.55 right now. For comparison, its industry sports an average P/E of 18.06. Over the past year, PAGP's Forward P/E has been as high as 18.69 and as low as 9.71, with a median of 12.44.
If you're looking for another solid Oil and Gas - Production and Pipelines value stock, take a look at Ultrapar Participacoes (UGP - Free Report) . UGP is a Zacks Rank of #2 (Buy) stock with a Value score of A.
Shares of Ultrapar Participacoes are currently trading at a forward earnings multiple of 11.56 and a PEG ratio of 2.13 compared to its industry's P/E and PEG ratios of 18.06 and 2.46, respectively.
UGP's price-to-earnings ratio has been as high as 12.93 and as low as 6.92, with a median of 10.05, while its PEG ratio has been as high as 3.38 and as low as 1.74, with a median of 2.47, all within the past year.
Ultrapar Participacoes sports a P/B ratio of 1.34 as well; this compares to its industry's price-to-book ratio of 2.37. In the past 52 weeks, UGP's P/B has been as high as 1.61, as low as 0.97, with a median of 1.19.
These are just a handful of the figures considered in Plains Group and Ultrapar Participacoes's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that PAGP and UGP is an impressive value stock right now.
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Should Value Investors Buy Plains Group (PAGP) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Plains Group (PAGP - Free Report) . PAGP is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 12.55 right now. For comparison, its industry sports an average P/E of 18.06. Over the past year, PAGP's Forward P/E has been as high as 18.69 and as low as 9.71, with a median of 12.44.
If you're looking for another solid Oil and Gas - Production and Pipelines value stock, take a look at Ultrapar Participacoes (UGP - Free Report) . UGP is a Zacks Rank of #2 (Buy) stock with a Value score of A.
Shares of Ultrapar Participacoes are currently trading at a forward earnings multiple of 11.56 and a PEG ratio of 2.13 compared to its industry's P/E and PEG ratios of 18.06 and 2.46, respectively.
UGP's price-to-earnings ratio has been as high as 12.93 and as low as 6.92, with a median of 10.05, while its PEG ratio has been as high as 3.38 and as low as 1.74, with a median of 2.47, all within the past year.
Ultrapar Participacoes sports a P/B ratio of 1.34 as well; this compares to its industry's price-to-book ratio of 2.37. In the past 52 weeks, UGP's P/B has been as high as 1.61, as low as 0.97, with a median of 1.19.
These are just a handful of the figures considered in Plains Group and Ultrapar Participacoes's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that PAGP and UGP is an impressive value stock right now.