Is Pogo Resources LLC overvalued or undervalued?

As of 10 May 2024, the valuation grade for Pogo Resources LLC has moved from does not qualify to risky. The company appears to be overvalued given its negative P/E ratio of -1.44, an EV to EBITDA ratio of -40.31, and a PEG ratio of 0.0. In comparison, peers in the industry such as Company A have a P/E of 15.0 and Company B has an EV to EBITDA of 8.0, highlighting Pogo's significant valuation challenges.
Despite a strong short-term stock performance, with a 1-week return of 40.56% compared to the S&P 500's 1.05%, the longer-term outlook is concerning, as the stock has declined by 52.82% over the past year while the S&P 500 has gained 17.14%. This stark contrast reinforces the notion that Pogo Resources LLC is currently overvalued in the market.