Wait another year. Based on the past will be about $1.25. Sad, this should be a $5.00 + stock. When they started they were one of the fastest growing companies in the sector. Then grew too fast, maket tanked and this is what we get. Many, many companies out there not making a penny and the stock is 5 times that of ENG.
Well, it has tripled from.50 to 1.50 in just a few months. Positive eps, and extremely strong contract sales in last report. You decide.
I would love to know what extremely strong means. Didn't have any dry powder at $.50 but still have faith that someone will gobble up this company since management does not seem to care or does knows how to enhance shareholder value (including themselves). The language in their recent report is MUCH more positive than usual but no one covers this company to know the difference. This is a diamond in the rough.
I am still here, but not much to say just waiting for the game is over. Like I said before MM can't hold the stock down too long. I am happy with $5+
Actually, I think they are fending off an acquisition. For management to put in writing that demand is extremely strong followed by bylaws amendment, this would be easy pickings for an acquirer. 350 engineers for 25 + million is awfully cheap. Even at 5 or 10 still cheap.
Good volume and up. As you said interesting. Seems like just the two of us watching. Do not even want to take a guess what is happening. Still in hold mode here. Enjoy spring! We finally have Robins in MI! YEAH! Now just need ENG at about $8.00.
Looks like someone is posturing for a takeover. To add nominations to the board requires extensive notice. Who might be interfering with management? It's about time!
Maybe the meeting these guys and management might bear fruit. Management just does not understand what "public" requires. It can't be that they don't care about share price while they hold large number of shares and options.
Share price is in disconnect from earnings. Boring stock with good to great rebound in last 2 years. Gets no respect and not sure why? A stock with earning vs many, many out there with not a penny made that have share price way beyond ENG, go figure.
Far be to me to defend management but if you read the last couple of reports, oil is not really the main industry contracts. Excel who is a big customer has announced some huge business couple with management which NEVER gives forward guidance indicated extremely strong interest in future business. Bottom was 5-6 months ago, and the future looks rosey- did I just say that? Oil is old news and power is the new news!
Looking to buy, but cannot get over fact that the stock will be hammered in early May with what appear to be horrendous earnings. I will state my logic, someone please correct me and explain how you see it differently.
2014 backlog was $68,000m , revenue was $79,605m
2015 backlog is $36,000. Only a few new contracts awarded and those earnings will not come to quarter 2.
Company seems to have strong leadership and been very proactive. I see a solid future when the oil industry rebounds, but that money will not flow until after industry has improved and profits start to fill the coffers. This is very likely multiple quarters and quite probably a year away minimum. The delisting bullet seems to have been dodged, but this is likely only temporary as the stock will likely be below $1 soon. Like I said, please correct me as I am looking to get it. Just seems prudent to wait for the bottom.
ENGlobal Corp (ENG) – Stock To Watch If Oil Prices Stabilize
By Guest Post on April 4, 2016 11:59 pm in Business
ENGlobal Corp (ENG) – Stock To Watch If Oil Prices Stabilize by GEO Investing
We currently have 10 stocks in our infrastructure screen. These companies are benefiting from the billions of dollars being spent on upgrading the aging US infrastructure across various areas. The average return on the only three core positions we established from the screen so far now totals 46%. In previous emails we have talked about starting to build a core position in PPSI as well. We are now adding ENG to this list because of its involvement in the energy infrastructure industry.
ENG is a provider of engineering and automation services primarily to the energy sector throughout the United States and internationally. ENGlobal operates through two business segments: Automation and Engineering. ENGlobal’s Automation segment provides services related to the design, fabrication and implementation of distributed control, instrumentation and process analytical systems. The Engineering segment provides consulting services for the development, management and execution of projects requiring professional engineering, construction management, and related support services (62% of revenue).
Reasons for Tracking (RFT) serves as a great tool for busy investors to maybe start their own due diligence (DD). We also find it useful as a way to bring ideas to our members, as opposed to waiting for us to potentially write a longer article. As a member, you will be kept abreast of how our DD is progressing and if we plan to buy or remove the stock from our RFT watch list.
Please note that I think it may be too early to get excited. I have not and may not buy any ENG. The oil-focused energy infrastructure “theme” is currently the black sheep of the infrastructure investment play because oil companies are spending less capital on projects now that oil prices have fallen well
Zacks By Zacks Equity Research
2 hours ago
Xcel Energy Inc. XEL hit a new 52-week high of $42.02 in the last trading session, before closing at $41.94. Minneapolis, MN-based Xcel Energy is a utility holding company which, together with its subsidiaries, provides natural gas and electricity in the U.S. The stock has delivered a one-year return of about 24.8%.
Over the past 52 weeks, Xcel Energy’s shares have ranged from a low of $31.76 on Jun 26, 2015 to a high of $42.02 on Apr 1, 2016. The average volume of shares traded over the last three months is approximately 3.9 million.
What is Driving Xcel Energy Upward?
Xcel Energy’s shares have been on the rise ever since the company declared impressive fourth-quarter 2015 results on Jan 28. Xcel Energy posted earnings of 41 cents per share in the quarter that were in line with the Zacks Consensus Estimate and surpassed the year-ago figure by 5.1%. Full-year earnings also improved 3% year over year.
Xcel Energy expects 2016 earnings in the range of $2.12–$2.27 per share and projects long-term earnings growth of 4–6% per year.
Currently, Xcel Energy is investing heavily in transmission, generation and distribution projects, which are expected to boost its performance over the long haul. The company's ongoing investments in utility infrastructure upgrades and expansion of the transmission business will lead to service reliability, and enable it to retain and attract new customers. The company projects capital spending of $15.2–$17.7 billion over the next five years in renewable energy pertaining to the Minnesota resource plan, natural gas reserves in Colorado and modernization of distribution grid.
The economy across Xcel Energy’s service territories, especially in Minnesota, is flourishing at a faster rate in comparison to the nation as a whole. This is evident from the fact that the consolidated unemployment rate at the company’s service territory was 3.4%, below the national average of 5% in the fourth quarter. Moreover, the company witnessed customer additions of 1%. The optimism in the market continues to drive Xcel Energy’s sales and the company’s future performance will likely improve with the gradual economic recovery.