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

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

Analyst, Paul Y. Cheng, said, "EV/Daily Barrel of Complexity: The Independent Refiners are currently trading at $401/daily barrel of complexity, or 22% of estimated greenfield replacement cost. Western Refining (NYSE: WNR) is trading at the largest premium to the group at $1,381/daily barrel of complexity, while Sonoco (NYSE: SUN) continues to trade at the largest discount at -$43/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 0.7x."

"EV/2012 EBITDA: The Independent Refiners are currently trading at 3.6x EV/2012 EBITDA. TSO is trading at the largest discount to the group at 1.8x EV/2012 EBITDA, while SUN is trading at the largest premium at 8.2x EV/2012 EBITDA."

Share Performance: YTD, the group is up 26%, with Alon (NYSE: ALJ) showing a 47% gain, compared to VLO showing a 9% loss. WTD, the group was down 3%.

---

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
• Deere (DE) PT Lowered to $728 at UBS as Agricultural Machinery Cycle Gets Closer
• Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'