Higher returns means higher Shiller PE's in oil sector

Looking at the in the US and in Europe traded oil shares, we see that this group achieved somewhat moderated returns over the past 12 months.

The average return of this group is 29,77 percent. The group's average Shiller PE is with 26,81 rather smooth.

Top oil sector stocks global highest 12 months returns

aandeel	land	shiller PE	dividend	market to book	rendement
DNO Int,	Norway	440,53	0	4,13	102,79
Halliburton	US	27,51	0,79	4,22	94,49
Pioneer Natural Resources	US	317,69	0,04	4,42	91,6
Oneok	US	45,17	2,19	5,98	80,38
Williams Cos,	US	55,12	2,46	8,22	78,71
EOG Resources	US	27,43	0,35	1,88	75,97
Nabors Industries	US	21,83	0,63	1,24	75,02
Valero Energy	US	20,14	1,58	1,48	72,69
Gas Natural	Spain	15,08	1,71	1,7	63,73

The 10 best performing stocks made huge returns of 82,2 percent. This group is trading with a huge average Shiller PE of 98,51 (based on the high returns). The top 10 worst performing stocks had an average return of -27,34 percent. The group's Shiller PE has a smooth average 38,59.

Top oil sector stocks global lowest 12 months returns

aandeel	land	shiller PE	dividend	market to book	rendement
Petroleum Geo-Services	Norway	7,79	4,59	0,83	-50,97
Tullow Oil	England	34,75	1,84	2	-44,09
Fuchs Petrolub	Germany	8,87	4,39	1,33	-43,26
Fred, Olsen Energy	Norway	4,88	13,77	1,11	-41,07
Cairn Energy	England	156,94	0	0,56	-31,08
Grupa Lotos	Poland	7,34	0	0,42	-30,43
Lundin Petroleum	Sweden	123,79	0	5,07	-15,18
Noble Corp	US	7,38	2,75	0,84	-8,98
PGNIG	Poland	16,88	0	1,03	-4,99
TGS-NOPEC	Norway	17,23	4,68	2,31	-3,31

Looking at the differences between the best and the worst performing oil stocks we then see that the averages Shiller PE's are significantly different to each other.

The winners gained with an average return of 109,531 percent significantly different better return then the losers.

On average we can state that the highers Shiller PE's dus are reflected in higher returns. This means that in general the oil stocks with the higher returns have higher Shiller PE's.