i3 Energy: Top 10 Undervalued Energy Sector Stocks on TSX (ITE)
i3 Energy is now ranked among the top 10 undervalued stocks in the Energy sector on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| AKT-A | Akita Drilling | 1.34 | 2.71 | 1.37 (102.5%) | 28376 | 53.7 | 0.0 | 4.6 |
| AKT-B | Akita Drilling | 1.55 | 3.13 | 1.58 (102.1%) | 28 | 62.1 | 0.0 | 5.3 |
| SOIL | Saturn Oil & Gas | 2.51 | 4.53 | 2.02 (80.5%) | 169643 | 380.2 | 0.0 | 0.0 |
| ITE | i3 Energy | 0.17 | 0.29 | 0.12 (75.1%) | 164916 | 197.2 | 7.9 | 0.0 |
| ESI | Ensign Energy Services | 2.21 | 3.60 | 1.39 (62.7%) | 185623 | 407.8 | 0.0 | 11.6 |
| CNE | Canacol Energy | 4.32 | 6.77 | 2.45 (56.7%) | 37690 | 147.4 | 18.1 | 1.5 |
| FEC | Frontera Energy | 8.16 | 12.08 | 3.92 (48.1%) | 28730 | 693.6 | 0.8 | 2.7 |
| TXP | Touchstone Exploration | 0.55 | 0.81 | 0.26 (47.4%) | 84430 | 130.1 | 0.0 | 0.0 |
| VLE | Valeura Energy | 4.71 | 6.69 | 1.98 (42.1%) | 292516 | 511.7 | 0.0 | 49.1 |
| SHLE | Source Energy Services | 10.39 | 14.27 | 3.88 (37.3%) | 32239 | 140.7 | 0.0 | 0.9 |
All data provided as of June 25, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
i3 Energy
i3 Energy PLC is an oil and gas company with low-cost, diversified, and growing production sites in the Western Canada Sedimentary Basin, Canada's hydrocarbon-rich region. The group has two operating segments which include UK / Corporate and Canada. The corporate segment engaged in the UK and oil and gas exploration, appraisal, and development on the UKCS. Canada segment engaged in oil and gas production in the WCSB. Geographically, it derives a majority of its revenue from Canada.
i3 Energy is listed under ITE on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
