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Top 5 Companies in the Oil & Gas Exploration & Production Industry With the Highest Forward Earnings Yield (SGY, ECT, APA, PEGFF, PER)
Jan 08, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Oil & Gas Exploration & Production industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.Stone Energy ranks highest with a forward earnings yield of 12.8%. Following is ECA Marcellus Trust with a forward earnings yield of 12.2%. Apache ranks third highest with a forward earnings yield of 12.0%.
Pacific Rubiales Energy follows with a forward earnings yield of 11.2%, and SandRidge Permian Trust rounds out the top five with a forward earnings yield of 10.5%.
SmarTrend recommended that its subscribers protect gains by selling shares of SandRidge Permian Trust on August 22nd, 2012 by issuing a Downtrend alert when the shares were trading at $19.42. Since that call, shares of SandRidge Permian Trust have fallen 7.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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