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Top 3 Companies in the Oil & Gas Exploration & Production Industry With the Highest Forward Earnings Yield (HNR, PER, SGY)

Published on Thu, 02/21/2013 - 11:40
By Robert Cotter

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.

Harvest Natural Resources (NYSE:HNR) is highest with forward earnings yield of 18.2%. Harvest Natural Resources, Inc. is an independent oil and gas exploration and development company with principal operations in Venezuela and Russia.

In the past 52 weeks, Harvest Natural Resources share prices have been bracketed by a low of $4.85 and a high of $10.83 and are now at $5.48, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

Following is SandRidge Permian Trust (NYSE:PER) with forward earnings yield of 14.9%.

Finishing up the top three is Stone Energy (NYSE:SGY), with forward earnings yield of 13.8%.

By Robert Cotter
rcotter@fnno.com