OGZPY - Gazprom Continues To Be One Of The Most Attractive Energy Plays In The Market Despite The Nord Stream 2 Setback
Gazprom (OTC:OGZPY) has been one of my favorite energy plays in the market for a while. Despite failing to finish its Northern European pipeline Nord Stream 2 last year, the company continues to be an attractive investment for value investors for the long term. With the P/E ratio of 3.38x, Gazprom is without a doubt undervalued relative to its peers from the energy sector that have a median P/E ratio of 14.99x. Going forward, the company will be able to create additional shareholder value by working closely on implementing its 50% dividend payout