Shares of Renewable Energy Rank the Highest in Terms of Forward Earnings Yield in the Oil & Gas Refining & Marketing Industry (REGI, DK, VLO, PBF, TSO)
Dec 10, 2018 (SmarTrend(R) News Watch via COMTEX) —
Below are the three companies in the Oil & Gas Refining & Marketing 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.Renewable Energy ranks highest with a forward earnings yield of 25.5%. Following is Delek Us Holding with a forward earnings yield of 9.7%. Valero Energy ranks third highest with a forward earnings yield of 9.4%.
Pbf Energy Inc-A follows with a forward earnings yield of 9.3%, and Tesoro Corp rounds out the top five with a forward earnings yield of 9.0%.
SmarTrend recommended that subscribers consider buying shares of Tesoro Corp on May 9th, 2017 as our technology indicated a new Uptrend was in progress when shares hit $83.02. Since that recommendation, shares of Tesoro Corp have risen 19.9%. We continue to monitor Tesoro Corp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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