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Lowest PEG Ratio in the Oil & Gas Equipment & Services Industry Detected for Superior Energy Services (SPN, TS, IO)

Published on Wed, 06/12/2013 - 11:06
By Adrienne Chilton

Below are the three companies in the Oil & Gas Equipment & Services industry with the lowest price to earnings to growth (PEG) ratios. PEG is valuable in assessing the tradeoff between the price of a stock and expected growth. Generally, the lower the PEG, the better.

Superior Energy Services (NYSE:SPN) is lowest with a PEG ratio of 0.64. Superior Energy Services, Inc. provides specialized oilfield services and equipment. The Company conducts operations offshore in the Gulf of Mexico and throughout the Gulf Coast region. Superior leases oilfield equipment, provides oil and gas well plug and abandonment services, and provides other equipment and services.

There is potential upside of 26.4% for shares of Superior Energy Services based on a current price of $26.31 and an average consensus analyst price target of $33.27. The stock should hit resistance at its 50-day moving average (MA) of $26.52, as well as support at its 200-day MA of $23.48.

Following is Tenaris (NYSE:TS) with a PEG ratio of 0.66.

Finishing up the bottom three is ION Geophysical (NYSE:IO), with a PEG ratio of 0.75.

By Adrienne Chilton
achilton@fnno.com