Why Investors Shouldn’t Be Surprised By Tamar Petroleum Ltd’s (TLV:TMRP) 25% Share Price Surge
Despite an already strong run, Tamar Petroleum Ltd (TLV:TMRP) shares have been powering on, with a gain of 25% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 56% in the last year.
In spite of the firm bounce in price, there still wouldn’t be many who think Tamar Petroleum’s price-to-earnings (or “P/E”) ratio of 15x is worth a mention when the median P/E in Israel is similar at about 14x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
