• Return to Headlines

Diamond Offshore Drilling is Among the Companies in the Oil & Gas Drilling Industry With the Highest PEG Ratio (DO, SDRL, RDC, NE, RIG)

By David Diaz

Below are the three companies in the Oil & Gas Drilling industry with the highest price to earnings to growth (PEG) ratios. PEG is valuable in assessing the tradeoff between the price of a stock and expected growth. Generally, the lower the PEG, the better.

Diamond Offshore Drilling ranks highest with a a PEG ratio of 0.62. Seadrill is next with a a PEG ratio of 0.41. Rowan ranks third highest with a a PEG ratio of 0.29.

Noble follows with a a PEG ratio of 0.18, and Transocean rounds out the top five with a a PEG ratio of 0.11.

SmarTrend recommended that its subscribers protect gains by selling shares of Noble on May 11th, 2016 by issuing a Downtrend alert when the shares were trading at $9.30. Since that call, shares of Noble have fallen 21.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest peg ratio Diamond Offshore Drilling seadrill rowan Noble Transocean