To mark our first ‘Top 5 Tuesday’ in a weeks, we’ve gathered a list of the 5 best performing drilling companies based on earnings yield. ‘Earnings Yield’ is calculated by dividing per share earnings by current share price. Average earnings yield in today’s market falls between 7 and 10%, making these upstream energy companies attractive to investors.
Here is the list according to SmarTrend®:
1) Hercules Offshore
Earnings yield : 14.4%
Earnings yield : 13.4%
Earnings yield : 13.2%.
4) Vantage Drilling
Earnings yield : 12.4%
5) Atwood Oceanics
Earnings yield : 9.8%.
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