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Price Over Earnings Overview: Ovintiv - Ovintiv (NYSE:OVV)
Benzinga· 2025-10-09 22:01
In the current session, Ovintiv Inc. (NYSE:OVV) is trading at $39.15, after a 2.30% drop. Over the past month, the stock fell by 7.60%, and in the past year, by 9.23%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. A Look at Ovintiv P/E Relative to Its CompetitorsThe P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at larg ...
A Look Into APA Inc's Price Over Earnings - APA (NASDAQ:APA)
Benzinga· 2025-09-26 19:00
Core Viewpoint - APA Inc. has shown a modest stock performance with a 1.85% increase in the current session, a 6.76% increase over the past month, and a 1.35% increase over the past year, leading to mixed sentiments among shareholders regarding its valuation [1]. Group 1: Stock Performance - The current trading price of APA Inc. is $24.79, reflecting a 1.85% increase [1]. - Over the past month, the stock has increased by 6.76% [1]. - In the past year, the stock has seen a modest increase of 1.35% [1]. Group 2: Price-to-Earnings Ratio Analysis - The P/E ratio is a critical metric for long-term shareholders to evaluate the company's market performance against historical earnings and industry standards [5]. - APA Inc. has a lower P/E ratio compared to the aggregate P/E of 16.65 for the Oil, Gas & Consumable Fuels industry, suggesting potential undervaluation or lower future performance expectations [6]. - A lower P/E ratio can indicate undervaluation but may also reflect a lack of expected future growth from shareholders [8]. Group 3: Limitations of P/E Ratio - The P/E ratio should not be used in isolation, as it has limitations and must be considered alongside other financial metrics and qualitative analyses [8].
P/E Ratio Insights for Targa Resources - Targa Resources (NYSE:TRGP)
Benzinga· 2025-09-24 17:00
In the current session, the stock is trading at $173.84, after a 2.17% spike. Over the past month, Targa Resources Inc. TRGP stock increased by 5.25%, and in the past year, by 18.82%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Targa Resources P/E Compared to CompetitorsThe P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate ma ...
P/E Ratio Insights for Enbridge - Enbridge (NYSE:ENB)
Benzinga· 2025-09-12 17:00
Core Viewpoint - Enbridge Inc. has shown positive stock performance with a 3.92% increase over the past month and an 18.71% increase over the past year, leading to optimism among long-term shareholders, while concerns about potential overvaluation arise from the price-to-earnings (P/E) ratio [1]. Group 1: Stock Performance - The current trading price of Enbridge Inc. stock is $48.90, reflecting a 0.18% increase [1]. - Over the past month, the stock has increased by 3.92% [1]. - In the past year, the stock has appreciated by 18.71% [1]. Group 2: P/E Ratio Analysis - The P/E ratio is a critical metric for evaluating the company's market performance, comparing the current share price to the company's earnings per share (EPS) [5]. - Enbridge Inc. has a P/E ratio of 23.8, which is higher than the industry average P/E ratio of 16.46 in the Oil, Gas & Consumable Fuels sector [6]. - A higher P/E ratio may indicate that investors expect better future performance from Enbridge Inc. compared to its peers, but it could also suggest that the stock is overvalued [6].
Should You Invest in the Energy Select Sector SPDR ETF (XLE)?
ZACKS· 2025-08-11 11:21
Core Viewpoint - The Energy Select Sector SPDR ETF (XLE) is a leading option for investors seeking broad exposure to the Energy sector, characterized by its low cost, transparency, and tax efficiency [1][4]. Group 1: ETF Overview - XLE is a passively managed ETF launched on December 16, 1998, and has accumulated over $26.4 billion in assets, making it the largest ETF in the Energy - Broad segment [1][3]. - The ETF aims to match the performance of the Energy Select Sector Index, which includes companies in oil, gas, consumable fuels, and energy equipment & services [3]. Group 2: Costs and Performance - XLE has an annual operating expense ratio of 0.08%, making it the least expensive option in its category, with a 12-month trailing dividend yield of 3.37% [4]. - As of August 11, 2025, the ETF has seen a year-to-date increase of approximately 0.82% but is down about 1.59% over the past year, trading between $76.44 and $97.27 in the last 52 weeks [7]. Group 3: Sector Exposure and Holdings - The ETF is fully allocated to the Energy sector, with Exxon Mobil Corp (XOM) representing about 23.24% of total assets, followed by Chevron Corp (CVX) and Conocophillips (COP) [5][6]. - The top 10 holdings constitute approximately 73.31% of total assets under management, indicating a concentrated exposure [6]. Group 4: Alternatives and Rankings - XLE holds a Zacks ETF Rank of 2 (Buy), indicating strong expected returns based on various factors including expense ratio and momentum [8]. - Other alternatives in the energy ETF space include iShares Global Energy ETF (IXC) and Vanguard Energy ETF (VDE), with assets of $1.76 billion and $6.97 billion respectively [9].