| Is Target Energy Limited (ASX:TEX) Still A Cheap Oil & Gas Stock? | |
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The energy sector’s PE is currently hovering around 11.2x, below the broader Australian stock market PE of 17.9x. This illustrates a somewhat under-priced sector compared to the rest of the market. Though, the industry returned a similar 12.16% on equities compared to the market’s 11.86%, potentially illustrative of a turnaround. Since Target Energy’s earnings doesn’t seem to reflect its true value, its PE ratio isn’t very useful. A loose alternative to gauge Target Energy’s value is to assume the stock should be relatively in-line with its industry. Next Steps:Target Energy recently delivered an industry-beating growth rate in earnings, which is a positive for shareholders. If the stock has been on your watchlist for a while, now may be the time to buy, if you like its ability to deliver growth and are not highly concentrated in the energy industry. However, before you make a decision on the stock, I suggest you look at Target Energy’s fundamentals in order to build a holistic investment thesis. To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
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Target Energy Limited
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Target Energy LTD est une société basée en Australie. Target Energy LTD est cotée en Australie. Sa capitalisation boursière aujourd'hui est 82,5 millions AU$ (55,2 millions US$, 49,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 01 avril 2011 à 0,12 AU$, et son plus bas niveau récent le 20 octobre 2017 à 0,00 AU$. Target Energy LTD possède 1 031 209 984 actions en circulation. |