If you like to use a company’s P/E ratio to determine its value, then you’ll love using the PEG Ratio Profit Track. The PEG Ratio can calculate if a stock is undervalued relative to its expected future growth. Find out which companies offer the greatest value regardless of growth rate to enjoy stellar returns. Four stocks meeting this screen’s exclusive criteria are: United States Steel Corp. (NYSE: X), Continental Resources Inc. (NYSE: CLR), Argo Group International Holdings, Ltd. (NASDAQ: AGII) and Mariner Energy Inc. (NYSE: ME). View the entire list of stocks for the PEG Ratio Profit Track at http://at.zacks.com/?id=1837.
Here are details about four companies currently identified by the PEG Ratio Profit Track:
United States Steel Corp. (NYSE: X) sports an average broker recommendation of 1.94 and a PEG ratio of .54. In the first quarter, X delivered an earnings per share surprise of 27.57% and reported net earnings of $2.36 per share, compared to $1.27 in the preceding quarter. In addition, the company is currently enjoying a Zacks #1 Rank and a per share price of $157.75. X is a manufacturer and seller of a variety of steel mill products, coke and taconite pellets.
Continental Resources Inc. (NYSE: CLR) is a crude-oil concentrated, independent oil and natural gas exploration and production company. The Zacks #1 Rank earned its place on the PEG Ratio profit track with an average broker recommendation of 2.17 and a PEG ratio of .21. CLR reported first quarter earnings of 53 cents per share, compared to 34 cents in the previous year. Analysts were expecting the company to report earnings of 48 cents per share.
Argo Group International Holdings, Ltd. (NASDAQ: AGII) enjoys a Zacks #1 Rank and a PEG ratio of .28, making this undervalued stock a great pick for the PEG ratio profit track. In the first quarter, AGII reported earnings of $1.17 per share, compared to 79 cents in the previous quarter. Furthermore, the company sports an average broker recommendation of 1.25 and a 12-month trailing PE of 84.17. AGII provides reinsurance products and services to a worldwide marketplace.
Mariner Energy Inc. (NYSE: ME) reported year-over-year first quarter net earnings of 82 cents per share, compared to 45 cents. The company qualifies for the PEG ratio profit track with a 12-month trailing PE of 15.27 and an average broker recommendation of 2.24. ME is an independent oil and gas exploration, development and production company with principal operations in the Gulf of Mexico and the Permian Basin in West Texas.
Discover all the current stocks currently on the PEG Ratio Profit Track at: http://at.zacks.com/?id=1868
About Profit Tracks
What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% return. To see all nine strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=1838.
All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report “Top 10 Stock Screening Strategies” at http://at.zacks.com/?id=2156.
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