TMCnet News
Chevron has the Lowest P/E Ratio in the Integrated Oil & Gas Industry (CVX, HES, MUR, XOM, COP)May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Integrated Oil & Gas industry with the lowest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Chevron ranks lowest with a a P/E ratio of 9.73. Hess is next with a a P/E ratio of 10.78. Murphy Oil ranks third lowest with a a P/E ratio of 11.08. Exxon Mobil follows with a a P/E ratio of 11.55, and ConocoPhillips rounds out the bottom five with a a P/E ratio of 11.64. SmarTrend recommended that subscribers consider buying shares of ConocoPhillips on May 2nd, 2013 as our technology indicated a new Uptrend was in progress when shares hit $60.59. Since that recommendation, shares of ConocoPhillips have risen 5.7%. We continue to monitor ConocoPhillips for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |