Barclays on Energy & Power: PC Weekly Valuation and Price Performance
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Price: $205.27 -0.24%
Rating Summary:
27 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
27 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays on Energy & Power: PC Weekly Valuation and Price Performance
On Intergrated Oil Companies, analyst, Paul Y. Cheng, said, "EV/2012 EBIDA: The group is currently trading at 6.2x EV/2012 EBIDA. Chevron (NYSE: CVX) and Murphy (NYSE: MUR) are both trading at the largest discount to the group at 5.1x, while Imperial Oil (NYSE: IMO) is trading at the highest premium at 9.6x EV/2012 EBIDA.
"Price/Net Asset Value: Currently, we estimate the group is trading at a 22% discount to its Net Asset Value (NAV). We estimate XOM is trading at the highest of the group at a 1% premium to its NAV, while MUR is trading at a 42% discount to its NAV."
"Share Performance: YTD, the North America-based integrated oil companies are down 9%, with CVX and Exxon Mobil (NYSE: XOM) both showing the biggest increase, up 7%, and MUR and MRO both showing the biggest declines, down 29%. Please note that Marathon's (NYSE: MRO) share price decline reflects its spin-off on June 30, 2011. Adjusting for the spin-off, MRO shares would be up 15%. WTD, the group was down 4%.
On Intergrated Oil Companies, analyst, Paul Y. Cheng, said, "EV/2012 EBIDA: The group is currently trading at 6.2x EV/2012 EBIDA. Chevron (NYSE: CVX) and Murphy (NYSE: MUR) are both trading at the largest discount to the group at 5.1x, while Imperial Oil (NYSE: IMO) is trading at the highest premium at 9.6x EV/2012 EBIDA.
"Price/Net Asset Value: Currently, we estimate the group is trading at a 22% discount to its Net Asset Value (NAV). We estimate XOM is trading at the highest of the group at a 1% premium to its NAV, while MUR is trading at a 42% discount to its NAV."
"Share Performance: YTD, the North America-based integrated oil companies are down 9%, with CVX and Exxon Mobil (NYSE: XOM) both showing the biggest increase, up 7%, and MUR and MRO both showing the biggest declines, down 29%. Please note that Marathon's (NYSE: MRO) share price decline reflects its spin-off on June 30, 2011. Adjusting for the spin-off, MRO shares would be up 15%. WTD, the group was down 4%.
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