Highest EBITDA Growth in the Oil & Gas Drilling Industry Detected in Shares of Transocean (RIG, VTG, NE, HERO, ATW)
Written on Sat, 02/09/2013 - 10:23am
By James Quinn
Below are the three companies in the Oil & Gas Drilling industry with the highest EBITDA Growth (next year estimate vs. LTM). EBITDA Growth can be valuable in predicting future cash flow generation and earnings power.
Transocean ranks highest with a EBITDA growth of 133.7%. Vantage Drilling is next with a EBITDA growth of 84.6%. Noble ranks third highest with a EBITDA growth of 81.7%.
Hercules Offshore follows with a EBITDA growth of 79.9%, and Atwood Oceanics rounds out the top five with a EBITDA growth of 64.4%.
SmarTrend recommended that subscribers consider buying shares of Hercules Offshore on November 30th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $5.15. Since that recommendation, shares of Hercules Offshore have risen 37.8%. We continue to monitor Hercules Offshore for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.