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Shares of Targa Resources Rank the Highest in Terms of P/E Ratio in the Oil & Gas Storage & Transportation Industry (TRGP, GEL, OKE, KMI, WMB)

By David Diaz

Below are the three companies in the Oil & Gas Storage & Transportation industry with the highest 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.

Targa Resources ranks highest with a a P/E ratio of 97.09. Genesis Energy LP is next with a a P/E ratio of 90.64. Oneok Inc ranks third highest with a a P/E ratio of 37.11.

Kinder Morgan In follows with a a P/E ratio of 27.03, and Williams Cos Inc rounds out the top five with a a P/E ratio of 18.81.

SmarTrend is tracking the current trend status for Targa Resources and will alert subscribers who have TRGP in their portfolio or watchlist when shares have changed trend direction.

Keywords: highest p/e ratio targa resources genesis energy lp oneok inc kinder morgan in williams cos inc

Ticker(s): TRGP GEL OKE KMI WMB