Will United Energy Group (UNEGF) Stock React to Today's News?

By Tamara Parker • Tuesday, December 13 09:40 • Permanent Link

Today Reuters is reporting: "HONG KONG, Dec 13 ( Reuters ) - Chinese conglomerate Orient Group Inc's ( 600811.SS ) unit planned to buy 25 percent stake in United Energy Group Ltd for $722.9 million, Orient said in a filing on Tuesday." For full coverage click here. Shares of the Energy company have not moved much on the news as of the morning trading session, and are currently trading at $0.09.

United Energy Group Limited, an investment holding company, engages in the investment and operation of upstream oil, natural gas, and other energy related businesses in South Asia, the Middle East, and North Africa. The company belongs to the Energy sector, which has an average price to earnings (P/E) ratio of 9.11 and an average price to book (P/B) ratio of 1.45. In contrast, United Energy Group has a trailing 12 month P/E ratio of 8.7 and a P/B ratio of 0.2.

United Energy Group has moved -7.4% over the last year compared to -13.9% for the S&P 500 -- a difference of 6.4%. United Energy Group has a 52 week high of $0.17 and a 52 week low of $0.06.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.