Wednesday, May 5, 2010

Atwood Oceanics (NYSE:ATW), Patterson-UTI Energy (Nasdaq:PTEN), SandRidge Energy (NYSE:SD) Expected to Soar

Over the next several years, analysts have said that companies like Atwood Oceanics (NYSE:ATW), Patterson-UTI Energy (Nasdaq:PTEN), SandRidge Energy (NYSE:SD) are expected to soar, as the overall oil and gas drilling and exploration industry will grow earnings a share by over 8.6 percent.

Atwood Oceanics looks like it's going to perform strong during that time, beating the industry during next five years, with projections their earnings per share will rise by 20 percent.

The latest quarterly results for Atwood had them handily beating estimates, with earnings coming to $1.03 a share, far above the 91 cents a share analysts were looking for.

Earning per share for SandRidge Energy are projected to rise by 10 percent in the next five years, while Patterson-UTI Energy has a earnings per share estimate of 5 percent.

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