Barclays on Independent Refiners: Weekly Valuation and Price Performance
Get Alerts WNR Hot Sheet
Price: $36.18 --0%
Rating Summary:
4 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
4 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Barclays on Independent Refiners: Weekly Valuation and Price Performance
Analyst, Paul Y. Cheng, said, "EV/Daily Barrel of Complexity: The Independent Refiners are currently trading at $461/daily barrel of complexity, or 26% of estimated greenfield replacement cost. Western Refining (NYSE: WNR) is trading at the largest premium to the group at $1,426/daily barrel of complexity, while Sunoco (NYSE: SUN) continues to trade at the largest discount at -$40/daily barrel of complexity."
"Price/Tangible Book: The group is currently trading at 1.3x price to tangible book, with SUN trading the highest at 2.1x and Valero (NYSE: VLO) trading the lowest at 0.8x."
"EV/2012 EBITDA: The Independent Refiners are currently trading at 3.6x EV/2012 EBITDA. Tesoro (NYSE: TSO) is trading at the largest discount to the group at 2.0x EV/2012 EBITDA, while SUN is trading at the largest premium at 8.3x EV/2012 EBITDA. Share Performance: YTD, the group is up 31%, with Delek (NYSE: DK) showing a 59% gain, compared to SUN showing a 3% loss. WTD, the group was up 11%."
Analyst, Paul Y. Cheng, said, "EV/Daily Barrel of Complexity: The Independent Refiners are currently trading at $461/daily barrel of complexity, or 26% of estimated greenfield replacement cost. Western Refining (NYSE: WNR) is trading at the largest premium to the group at $1,426/daily barrel of complexity, while Sunoco (NYSE: SUN) continues to trade at the largest discount at -$40/daily barrel of complexity."
"Price/Tangible Book: The group is currently trading at 1.3x price to tangible book, with SUN trading the highest at 2.1x and Valero (NYSE: VLO) trading the lowest at 0.8x."
"EV/2012 EBITDA: The Independent Refiners are currently trading at 3.6x EV/2012 EBITDA. Tesoro (NYSE: TSO) is trading at the largest discount to the group at 2.0x EV/2012 EBITDA, while SUN is trading at the largest premium at 8.3x EV/2012 EBITDA. Share Performance: YTD, the group is up 31%, with Delek (NYSE: DK) showing a 59% gain, compared to SUN showing a 3% loss. WTD, the group was up 11%."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Prudential Financial (PRU) PT Raised to $116 at Evercore ISI
- KKR Real Estate Financial Trust (KREF) PT Lowered to $12 at JMP Securities
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!