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If you are interested in potentially undervalued stocks that are climbing, you may find this list very interesting.

We ran a screen on stocks reaching new 52-week highs for those that appear undervalued relative to industry peers, with lower ratios of PEG, trailing-twelve-month P/E and P/CF to their industry averages.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks are undervalued? Use this list as a starting-off point for your own analysis.

List sorted by market cap.

1. Helmerich & Payne Inc. (NYSE:HP): Oil & Gas Drilling & Exploration Industry. Market cap of $7.76B. TTM P/E at 22.33 vs. industry average at 42.93. PEG at 1.58 vs. industry average at 2.76. TTM P/CF at 12.05 vs. industry average at 14.76. Exhibiting strong upside momentum--currently trading 7.23% above its SMA20, 14.26% above its SMA50, and 27.59% above its SMA200. The stock has had a good month, gaining 17.89%.

2. Express Inc. (NYSE:EXPR): Apparel Stores Industry. Market cap of $2.10B. TTM P/E at 15.92 vs. industry average at 17.41. PEG at 0.86 vs. industry average at 1.27. TTM P/CF at 10.67 vs. industry average at 11.83. The stock is a short squeeze candidate, with a short float at 6.49% (equivalent to 5.9 days of average volume). Exhibiting strong upside momentum--currently trading 6.02% above its SMA20, 10.66% above its SMA50, and 28.3% above its SMA200. The stock has had a good month, gaining 12.9%.

3. Gulfmark Offshore, Inc. (NYSE:GLF): Oil & Gas Equipment & Services Industry. Market cap of $1.30B. TTM P/E at 27.33 vs. industry average at 42.91. PEG at 1.36 vs. industry average at 2.76. TTM P/CF at 12.20 vs. industry average at 14.76. The stock is a short squeeze candidate, with a short float at 5.24% (equivalent to 6.55 days of average volume). Exhibiting strong upside momentum--currently trading 11.75% above its SMA20, 18.8% above its SMA50, and 30.25% above its SMA200. The stock has had a couple of great days, gaining 10.99% over the last week.

4. Sonic Automotive Inc. (NYSE:SAH): Auto Dealerships Industry. Market cap of $828.67M. TTM P/E at 9.26 vs. industry average at 17.44. PEG at 0.57 vs. industry average at 1.27. TTM P/CF at 5.82 vs. industry average at 11.82. The stock is a short squeeze candidate, with a short float at 28.26% (equivalent to 14.75 days of average volume). Exhibiting strong upside momentum--currently trading 6.56% above its SMA20, 15.81% above its SMA50, and 19.33% above its SMA200. The stock has had a couple of great days, gaining 5.96% over the last week.

5. Steiner Leisure Ltd. (NASDAQ:STNR): Personal Services Industry. Market cap of $770.29M. TTM P/E at 16.02 vs. industry average at 21.92. PEG at 1.60 vs. industry average at 1.90. TTM P/CF at 12.49 vs. industry average at 15.21. The stock has had a good month, gaining 15.01%.

*Price multiples sourced from Fidelity, all other data sourced from Finviz.

Source: 5 Highly Undervalued Stocks Reaching New Highs