Engineering and automation continue
to be two aspects of various sectors of the economy that have gained much value
in recent years. This can be especially true in the energy sector, where a
company like ENGlobal (NASDAQ: ENG) has gained significant ground. Over the
last couple of years, the company has made substantial progress in the areas of
engineering and automation, and it has resulted in four straight quarters of
profitability and a stock that has gone up nearly 34 percent in 2014.
The stock does hold a 52-week high
north of $4 per share but is currently trading under $2 a share, which may make
this a good value opportunity. The company has year-to-date revenue up about 27
percent over the same period in 2013 and net income of more than $5 million,
which is a turnaround from a $2.6-million loss in the previous year.
Since the company divested its
Field Solutions division two years ago, ENGlobal has been striving to be more
profitable in its existing Automation segment and its Engineering, Procurement,
and Construction Management segments. The company has gained attention for its
nearly three decades of operation and its core values of acting ethically and
responsibly and always putting safety first in all of its work. ENG has been a
stock to watch lately, and the company is well positioned to continue its
momentum with positive cash flow and profitability.
For more information, visit
www.ENGlobal.com
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