Earn Superior Returns With This Undervalued Energy Services Stock
By Bret Jensen:Despite the current six-month old rally, stocks in the energy sector are still popping up on my value screens. One stock with solid valuations and superior growth prospects is below.Superior Energy Services (SPN) - "Superior Energy Services, Inc. provides specialized oilfield services and equipment to serve the production and drilling-related needs of oil and gas companies. It operates through three segments: Subsea and Well Enhancement, Drilling Products and Services, and Marine." (Business Description from Yahoo Finance).7 Reasons to pick up Superior at $29 a share:
- Superior is predicted to have rapid earnings growth. The company made $2.09 in FY2011, it is expected to earn $3.31 in FY2012 and analysts project $4.02 in earnings for FY2013.
- The company has double revenue from FY2006 to FY2011. Analysts expect this growth to continue and have 17% growth in revenue tagged for FY2013.
- It is selling well below analysts' price targets. The