Highest Forward P/E Ratio in the Integrated Oil & Gas Industry Detected in Shares of Occidental Petroleum (OXY, CVX, XOM, BP, LUKOY)
Below are the three companies in the Integrated Oil & Gas 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.
Occidental Petroleum ranks highest with a a forward P/E ratio of 60.90. Following is Chevron with a a forward P/E ratio of 23.46. Exxon Mobil ranks third highest with a a forward P/E ratio of 20.63.
BP follows with a a forward P/E ratio of 15.21, and Lukoil OAO rounds out the top five with a a forward P/E ratio of 6.94.
SmarTrend recommended that subscribers consider buying shares of Lukoil OAO on July 5th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $42.72. Since that recommendation, shares of Lukoil OAO have risen 8.7%. We continue to monitor Lukoil OAO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio Occidental Petroleum Chevron Exxon Mobil lukoil oao