Six small- to mid-cap energy stocks are trading at an average price-to-earnings ratio of 6.2x with combined fair-value upside of approximately 29%, according to data compiled on Aug. 18, 2026. The group’s average free cash flow yield stands at 14.8%, while most companies carry minimal debt and limited analyst coverage.
The names span liquefied petroleum gas shipping, exploration and production, and crude oil tanker operations. Rising power demand from data centers, electrification trends and increased LNG exports underpin the sector’s pricing backdrop, alongside shifting global energy trade flows.
StealthGas (GASS), a micro-cap operator of LPG carriers, trades at a 5.7x P/E with a 21.3% free cash flow yield. The company holds $131 million in cash against no debt, reporting $84.8 million in free cash flow for fiscal 2025. Revenue grew from $144 million to $173 million over three years.
SandRidge Energy (SD), an Oklahoma-based exploration and production firm, has a 6.4x P/E and 6.4% free cash flow yield. Net cash totaled $113 million at the end of fiscal 2025, with revenue recovering to $156 million and free cash flow turning positive at $32.5 million.
Teekay (TK), which operates crude oil tankers, trades at a 6.2x P/E and 30% free cash flow yield. The company’s $791 million in cash exceeds its $1.12 billion market capitalization, resulting in a negative enterprise value. Revenue declined from $1.46 billion to $950 million following fleet normalization.
CNX Resources (CNX), a pure-play Appalachian natural gas producer, shows a 5.5x P/E and 10% free cash flow yield. Revenue surged 53% to $2.07 billion in fiscal 2025, with free cash flow nearly doubling to $534 million. Net debt stands at $2.37 billion.
Riley Exploration (REPX) trades at a 7.0x P/E with a 6.9% free cash flow yield, while Gulfport Energy (GPOR) has a 6.2x P/E and 8.3% free cash flow yield. GPOR’s return on equity reached 27.1%, the highest among the group, with revenue up 43% to $1.30 billion and free cash flow at $276 million for fiscal 2025. Debt-to-capital remains at 23.5%.
Most names in the group have fewer than eight analysts covering them, with fair-value upside estimates ranging from 20% to 47%.
