It's no surprise that the broad market is down some 13% over the past three months as concerns about spiraling federal deficits, China's possible economic slowdown, and the plunging euro have all combined to rattle investors.

But in particular, the never-ending BP (NYSE: BP) Gulf of Mexico oil spill saga has taken front stage. BP, Transocean, and Halliburton have all gotten pummeled as of late -- but along with the market collapse comes some pretty severe collateral damage. And it hasn't been isolated to companies doing business in the Gulf. In fact, the iShares S&P Global Energy Sector ETF has dropped by about 20% over the past three months. But in all this carnage, surely there are bound to be some hidden gems worth looking into further.

So I ran a screen for energy companies that have dropped over the past few months, that are trading for price-to-earnings ratios less than 15, that can grow earnings by at least 20% over the next year, and that have the coveted five-star rating by our 165,000-strong CAPS community. Here's what I found:

Companies

% Price Change
(3 months)

Price-to-Earnings
Ratio

% Earnings Growth
(Next Year)

USEC (NYSE: USU)

(22.5%)

14.9

205.6%

ConocoPhillips (NYSE: COP)

(6.3%)

11.9

68.1%

North American Energy Partners (NYSE: NOA)

(14.5%)

11.6

64.9%

Royal Dutch Shell (NYSE: RDS-A)

(14.8%)

10.4

61.7%

Spectra Energy (NYSE: SE)

(11.9%)

14.7

30.3%

Statoil ASA (NYSE: STO)

(17.6%)

13.8

24.7%

*Capital IQ, a division of Standard & Poor's; Google Finance.

The companies above offer a pretty diverse range of businesses -- Statoil, for instance, is a Norwegian oil and gas behemoth; however, it derives at least 20% of its business from natural gas and has operations everywhere from Scandinavia to Singapore. North American Energy may be a Canadian oil and gas service provider, but it obtains most of its revenues from its mining and construction segment. If the oil sands in Canada get a big bump in production because of the BP disaster here at home, companies like North American Energy could see a similar bump in activity.

Houston-based Spectra Energy is a pretty solid-looking company itself. Our own CAPS All-Star member jahartmu thinks Spectra has everything you'd be looking for in a natural gas company:

Decent P/E and price-to-book ratios, a healthy dividend, and a good chance natural gas will become more important in the coming years despite whatever supply glut may currently exist.

This definitely isn't a list of automatic buy recommendations; however, it is a great place to start doing your own due diligence if you're interested in some great-looking, cheap energy stocks.

Have a different opinion? Sound off in the comments below or head over to the CAPS page and let us know what you think!