Zacks PEG Ratio Strategy highlights: Atwood Oceanics, Inc., Nabors Industries Ltd, Orleans Homebuilders, Inc., and Unit Corporation.

CHICAGO -- If you like to use a company's P/E ratio to determine its value, then you'll love using the PEG Ratio Profit Track. The PEG Ratio can calculate if a stock is undervalued relative to its expected future growth. Using this indicator in a Profit Track can produced stellar profits, such as a +38.9% return in 2004 and continued strong returns in 2005. Four stocks meeting this screen's exclusive criteria are: Atwood Oceanics, Inc. (NYSE:ATW), Nabors Industries Ltd (AMEX:NBR), Orleans Homebuilders, Inc. (AMEX:OHB), and Unit Corporation (NYSE:UNT). View the entire list of stocks for the PEG Ratio Profit Track at http://at.zacks.com/?id=1837

Here are details about four companies currently identified by the PEG Ratio Profit Track:

Atwood Oceanics, Inc. (NYSE:ATW) is a Zacks #1 Rank (Strong Buy) company that has a PEG ratio of .28, which suggests the stock is trading at a significant discount. In late July, the Houston-based international drilling contractor posted fiscal third-quarter earnings of 38 cents per share. The result was ahead of the consensus estimate by nearly 9%.

Nabors Industries Ltd (AMEX:NBR) satisfies this profit track criteria with a PEG ratio of .52. In late July, the company reported second-quarter earnings of 84 cents per share, exceeding the consensus estimate by almost 17% and improving on last year's 30 cents. The company noted that the outlook for its business has never been stronger, with rig demand showing no signs of abating in both North America and internationally. Results for the third quarter will be released next week.

Orleans Homebuilders, Inc. (AMEX:OHB) will announce fiscal first-quarter earnings next week. In mid-August, the residential homebuilder released fiscal fourth-quarter earnings of $1.51 per share, outperforming the previous year's 82 cents and surpassing the consensus estimate by almost 9%. With a PEG ratio of .46, value investors may find OHB to be an attractive investment.

Unit Corporation (NYSE:UNT) is another Zacks #1 Rank (Strong Buy) company and has a PEG ratio of .42. In late July, the company announced second-quarter earnings of 86 cents per share versus last year's 44 cents. The result topped the consensus estimate by almost 18%. The company stated that favorable commodity prices and industry conditions are producing great results and more growth opportunities. Third-quarter results will be available next week.

Discover all the current stocks currently on the PEG Ratio Profit Track at: http://at.zacks.com/?id=1868

About Profit Tracks

What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2004, the Upgrades and Revisions strategy was the top performing Profit Track with a return of +55.7% followed by the Low Price Stocks screen with a +54.8% return. To see all nine strategies along with philosophy, past performance, and current stocks, go to http://at.zacks.com/?id=1838

All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at http://at.zacks.com/?id=2156

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