ENGlobal Corp (ENG) avoided major damage from hurricane Ike and just broke out of a bearish trend. Current-year estimates are projecting a 87% increase in earnings, but the company remains fairly priced with a PEG of .8.

Company Description

ENGlobal Corporation provides engineering, automation systems, field inspection, and land management and regulatory services principally to the petroleum refining, petrochemical, pipeline, production, and process industries throughout the United States and internationally.

From its roots as a small, local engineering and design company to its current position as an international organization, ENGlobal has always focused on providing innovative, cost-effective solutions. The company is headquartered in Houston, Texas, with approximately 2,900 employees, and a market cap of $340 million.

Record Second Quarter

ENGlobal reported revenue of $136 million, which is a 52% year-over-year increase. The record mark for revenue was announced on Aug

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