Close

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

August 22, 2011 2:09 PM EDT
Get Alerts HES Hot Sheet
Price: $152.64 +1.39%

Rating Summary:
    18 Buy, 22 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
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





Related Categories

Analyst Comments

Related Entities

Barclays