Analysts Like these Oil & Gas Refiners, Despite What the Market May Think
Michael Teague Follow |Wednesday’s trading session turned out to be a decent one for oil and gas refiners and marketers, as most companies posted gains by the closing bell.
Still, with an average earnings multiple at 14.40 for that sector of the energy industry, there are clearly a lot of stocks that are getting top-heavy, and investors might want to have a look at some of the firms who for some reason seem to be getting left behind by the market.
The following five companies were selected according to the following criteria:
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A below-average P/E ratio
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Average analyst recommendation of “buy or better”
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Positive 2014 performance
Marathon Petroleum Corporation (MPC)
Market-Cap / Price: $28.26 billion / $94.50
P/E Ratio: 14.27
2014 Returns: +3.53
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Phillips 66 (PSX)
Market-Cap / Price: $47.88 billion / $80
P/E Ratio: 13.31
2014 Returns: +4.28 percent
Northern Tier Energy LP (NTI)
Market-Cap / Price: $2.51 billion / $27.34
P/E Ratio: 11.20
2014 Returns: +13.02 percent
Valero Energy Corporation (VLO)
Market-Cap / Price: $29.64 billion / $55.29
P/E Ratio: 11.15
2014 Returns: +10.27 percent
Sinopec Shanghai Petrochemical Co. Ltd. ($SHI)
Market-Cap / Price: $2.16 billion / $30.11
P/E Ratio: 10.60
2014 Returns: +5.50 percent
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.
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