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Top 3 Companies in the Oil & Gas Refining & Marketing Industry With the Lowest P/E Ratio (LPH, AE, WNR)

Published on Fri, 02/15/2013 - 11:23
By Peter Chu

Below are the three companies in the Oil & Gas Refining & Marketing industry with the lowest 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.

Longwei Petroleum (AMEX:LPH) is lowest with a P/E ratio of 0.96. Longwei Petroleum Investment Holding Ltd. is an energy company that, through its subsidiaries, is involved in oil and gas operations in the People's Republic of China. The Company's operations consist of transporting, marketing and selling finished petroleum products.

In the past 52 weeks, Longwei Petroleum share prices have been bracketed by a low of $0.46 and a high of $2.85 and are now at $0.62, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Adams Resources & Energy (AMEX:AE) is next with a P/E ratio of 4.99.

Finishing up the bottom three is Western Refining (NYSE:WNR), with a P/E ratio of 7.21.

By Peter Chu
pchu@fnno.com