• top 2 undervalued oilfield equipment and services stocks most in Johannesburg
  • top 2 undervalued oilfield equipment and services stocks most in Johannesburg
  • top 2 undervalued oilfield equipment and services stocks most in Johannesburg
  • top 2 undervalued oilfield equipment and services stocks most in Johannesburg
  • What is the oilfield services/equipment sector?
  • The oilfield services/equipment sector includes companies that provide services to oil and natural gas producers. These companies rent drilling rigs and also provide services to evaluate, build and maintain oil and gas wells.
  • Are energy stocks undervalued in 2023?
  • However, since the start of 2023, the energy index is down nearly 6%, while the stock market is up just over 5%. There are a total of 70 stocks in the Morningstar US Energy Index, 34 of which are covered by Morningstar equity analysts. Of those, 11 were considered undervalued as of March 28.
  • Are undervalued stocks with economic moats a good investment?
  • Historically, undervalued stocks with economic moats have performed better over time than less-profitable and more highly indebted counterparts. They also tend to protect against downturns and be less risky than lower-quality stocks. These were the five most undervalued narrow-moat stocks in the Morningstar US Energy Index as of March 28:
  • How many undervalued energy stocks are in the Morningstar US energy index?
  • There are a total of 70 stocks in the Morningstar US Energy Index, 34 of which are covered by Morningstar equity analysts. Of those, 11 were considered undervalued as of March 28. The full list of undervalued energy stocks can be found at the bottom of this article. What’s in the Morningstar US Energy Index?
  • What happened to crude oil prices in 2023?
  • However, the narrative took a turn in 2023 as crude oil prices saw a substantial decline, nearly halving from their 2022 peak of around $120 per barrel.
  • Which narrow-moat stocks are undervalued in the Morningstar US energy index?
  • These were the five most undervalued narrow-moat stocks in the Morningstar US Energy Index as of March 28: The most undervalued narrow-moat stock was Equitrans Midstream at a 51% discount to the fair value estimate set by Morningstar equity analysts. The least undervalued was SLB at a 16% discount.