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Crosstex Energy has the Highest Forward P/E Ratio in the Oil & Gas Refining & Marketing Industry (XTEX, RTK, HOC, CLMT, NS)
Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Oil & Gas Refining & Marketing industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Crosstex Energy ranks highest with a a forward P/E ratio of 60.86. Rentech is next with a a forward P/E ratio of 45.17. Holly ranks third highest with a a forward P/E ratio of 16.76.
Calumet Specialty Products follows with a a forward P/E ratio of 13.50, and NuStar Energy rounds out the top five with a a forward P/E ratio of 12.29.
SmarTrend recommended that its subscribers protect gains by selling shares of NuStar Energy on July 11th, 2012 by issuing a Downtrend alert when the shares were trading at $52.05. Since that call, shares of NuStar Energy have fallen 21.3%. 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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