Thursday, June 28, 2012

3 Oil & Gas Stocks Trading On The Cheap Despite Analyst Bullishness


Interested in oil & gas drilling stocks? For ideas on where to look, today we focused on O & G companies whose fundamentals suggest that they're undervalued from a price-multiple standpoint. We narrowed our search to companies that industry analysts consider to be 'Buy' worthy. We came up with a short, but intriguing list of companies worth researching more.Interested in gaining exposure to oil & gas companies? Do you prefer stocks that analysts rate as 'Buy'? Looking for undervalued stocks? We ran a screen you might find useful.The Price/Book Value Ratio is a great price-multiple valuation metric to find companies that could be potentially undervalued or overvalued. If a firm has a Price/Book Value Ratio of less than 1 it is stated to be trading below "break up" value. A lower P/BV Ratio can indicate a potentially mispriced company or indicate that something is fundamentally wrong with it.
... Read the rest at SeekingAlpha.com

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