Relatively High Return on Equity Detected in Shares of Atwood Oceanics in the Oil & Gas Drilling Industry (ATW, HP, DO, NE, RIG)
Below are the three companies in the Oil & Gas Drilling industry with the highest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.
Atwood Oceanics ranks highest with a ROE of 15.7%. Helmerich & Payne is next with a ROE of 8.6%. Diamond Offshore Drilling ranks third highest with a ROE of 1.6%.
Noble follows with a ROE of 0.5%, and Transocean rounds out the top five with a ROE of -4.0%.
SmarTrend recommended that subscribers consider buying shares of Atwood Oceanics on February 22nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $7.00. Since that recommendation, shares of Atwood Oceanics have risen 78.6%. We continue to monitor Atwood Oceanics for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest return on equity atwood oceanics helmerich & payne Diamond Offshore Drilling Noble Transocean