(Reuters) - Trading for almost 16 times analysts' projected 2008 earnings forecasts the stock is a relatively inexpensive play on the upturn in energy, oil and gas exploration, said the report.
"Both bidding activity and industry fundamentals suggest the company has several years of robust earnings performance ahead of it," says Stephen Gengaro, an analyst with Jefferies & Company, according to the article.
Read more at Reuters.com Market News
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