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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Broken_Clock who wrote (18335)4/7/1998 12:45:00 PM
From: marc chatman  Read Replies (1) of 95453
 
I find ESV estimates for the 1st Q at $.58, compared to 1st quarter last year of $.26. At the current price of 26 1/2, that gives a 12 month trailing PE of 13.3, down from the current PE of 16 (assuming no earnings surprise). If ESV increases in price simply to reflect the current PE, the price would be about 33 1/4. Not a bad deal under those assumptions.
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