Barclays on Energy & Power: PC Weekly Valuation and Price Performance

Barclays on Energy & Power: PC Weekly Valuation and Price Performance

Barclays analyst, Paul Y. Cheng, commented Integrated Oil Companies: "EV/2012 EBIDA: The group is currently trading at 5.6x EV/2012 EBIDA. Hess (NYSE: HES) and Murphy Oil (NYSE: MUR) are both currently trading at the largest discount to the group at 4.2x, while Imperial (NYSE: IMO) is trading at the highest premium at 10.2x EV/2012 EBIDA...EV/BOE: The group is trading at $14.6/boe with Husky (NYSE: HSE) at the highest among its peers at C$22.1/boe and ExxonMobil (NYSE: XOM) at the low end at $9.4/boe. HSE's EV/boe is currently at a 140% premium to its PV10/boe, while Petroleo Brasileiro (NYSE: PBR.A) (preferred) shows a 26% premium to its PV10/boe."

Cheng also commented on Independent Refiners: "EV/Daily Barrel of Complexity: The Independent Refiners are trading at $455/daily barrel of complexity, or 25% of estimated greenfield replacement cost. Western Refining (NYSE: WNR) is trading at the largest premium to the group at $1,702/daily barrel of complexity, while Sunoco (NYSE: SUN) continues to trade at the largest discount at -$215/daily barrel of complexity. Price/Tangible Book: The group is trading at 1.5x price to tangible book, with WNR trading the highest at 2.3x and Valero (NYSE: VLO) trading the lowest in the group at 0.7x price to tangible book."

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
• Beike (BEKE) PT Raised to $23 at Morgan Stanley