Back to top

Aggressive Growth

Bill Wilton

Complete Production Services

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Complete Production Services (CPX) has some explosive growth potential, with earnings expected to triple over the next 2 years.

Shares are trading with attractive valuations and this Zacks #1 Rank (Strong Buy) has a good earnings track record.

Company Description

Complete Production is an oilfield service provider focusing on the completion and production phases for oil and gas wells.

Top Line Swells

The last quarterly report came back in April and showed a 605% increase in the top line, to $495 million. That jump was in the face of poor weather conditions in Texas, Oklahoma and North Dakota, which slowed activity.

Net income was at $38.9 million, up from a loss in the same period a year ago. Earnings broke down to $0.50 per share, with matched the Zacks Consensus Estimate. Complete Production had topped estimates in 5 of the past 6 quarters prior to meeting expectations.

Analysts are Optimistic.

After the quarterly report the full-year estimates started climbing once again. The Zacks Consensus Estimate for this year rose 17 cents, to $2.70.

Next year's is up 50 cents, to $3.31. Based on the $1.08 per share the company made last year, the projected growth rates are now 150% this year and another 23% in 2012.

The Price is Right

Shares of CPX are trading at just 11 times forward estimates, which puts the PEG around 0.7. The price to sales comes in at 1.4, which looks average on the surface, but is actually the best in the peer group.

The Chart

The long-term earnings trend looks great. Below is chart that plots the consensus estimates for the past 5 years. You can that not only are estimates higher year over year right now, but they also have a tendency to rise throughout the year.

Complete Production Services  - ticker CPX>
 
 
<P ALIGN=

Bill Wilton is the Aggressive Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the Zacks Small Cap Trader service

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%