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Top 5 Companies in the Oil & Gas Equipment & Services Industry With the Lowest Forward P/E Ratio (OIS, MIND, NR, NOV, KEG)
Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Oil & Gas Equipment & Services industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Oil States International ranks lowest with a a forward P/E ratio of 9.02. Mitcham Industries is next with a a forward P/E ratio of 9.60. Newpark Resources ranks third lowest with a a forward P/E ratio of 9.63.
National Oilwell Varco follows with a a forward P/E ratio of 9.72, and Key Energy Services rounds out the bottom five with a a forward P/E ratio of 9.75.
SmarTrend recommended that subscribers consider buying shares of Key Energy Services on December 19th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $7.17. Since that recommendation, shares of Key Energy Services have risen 12.6%. We continue to monitor Key Energy Services for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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