Barclays on Energy & Power: Valuation and Price Performance of Major Oil & Independents
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Price: $62.71 -1.4%
Rating Summary:
4 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
4 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade MUR Now!
Barclays on Energy & Power: Valuation and Price Performance
Major Oil -
Analyst, Paul Y. Cheng, said, "EV/2013 EBIDA: The group is currently trading at 5.7x EV/2013 EBIDA. Hess (NYSE HES) and Murphy Oil (NYSE: MUR) are trading at the largest discount to the group at 4.3x, while Imperial Oil (NYSE: IMO) is trading at the highest premium at 8.8x EV/2013 EBIDA."
"Share Performance: YTD, the North America-based major oil companies are down 10%, with Suncor Energy (NYSE: SU) showing the smallest decrease, down 2%, while HES shows the biggest decrease, down 21%. Over the last week, the group was up 5%. This compares to the SPX showing a 5% gain YTD and up 4% over the last week."
Independent Refiners -
"EV/2013 EBITDA: The independent refiners are currently trading at 4.3x EV/2013 EBITDA. Tesoro (NYSE: TSO) is trading at the largest discount to the group at 2.6x EV/2013 EBITDA, while HollyFrontier (NYSE: HFC) is trading at the largest premium at 5.5x EV/2013 EBITDA."
"Share Performance: YTD, the group is up 19%, with Western Refining (NYSE: WNR) showing the biggest gains at 48% compared to Alon USA Energy (NYSE: ALJ) showing a loss of 10%. Over the last week, the group was up 3%. This compares to the SPX showing a 5% gain YTD and up 4% over the last week."
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Major Oil -
Analyst, Paul Y. Cheng, said, "EV/2013 EBIDA: The group is currently trading at 5.7x EV/2013 EBIDA. Hess (NYSE HES) and Murphy Oil (NYSE: MUR) are trading at the largest discount to the group at 4.3x, while Imperial Oil (NYSE: IMO) is trading at the highest premium at 8.8x EV/2013 EBIDA."
"Share Performance: YTD, the North America-based major oil companies are down 10%, with Suncor Energy (NYSE: SU) showing the smallest decrease, down 2%, while HES shows the biggest decrease, down 21%. Over the last week, the group was up 5%. This compares to the SPX showing a 5% gain YTD and up 4% over the last week."
Independent Refiners -
"EV/2013 EBITDA: The independent refiners are currently trading at 4.3x EV/2013 EBITDA. Tesoro (NYSE: TSO) is trading at the largest discount to the group at 2.6x EV/2013 EBITDA, while HollyFrontier (NYSE: HFC) is trading at the largest premium at 5.5x EV/2013 EBITDA."
"Share Performance: YTD, the group is up 19%, with Western Refining (NYSE: WNR) showing the biggest gains at 48% compared to Alon USA Energy (NYSE: ALJ) showing a loss of 10%. Over the last week, the group was up 3%. This compares to the SPX showing a 5% gain YTD and up 4% over the last week."
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