Oil: Sales Growth Winners!
With oil prices high, the oil industry is pulling in some cash right now. High sales are always a good thing, but sales growth is key to seeing the real status of the company. There are five oil companies who had the highest sales growth of them all. Chip Brian has the scoop.
Vantage Drilling (VTG) had year-over-year sales growth of 113.9% during the last quarter. The company has reported $344.7 million in sales over the past 12 months and is expected to report $522.4 million in sales in the next fiscal year.
Patterson-UTI Energy (PTEN) had year-over-year sales growth of 108.9% during the last quarter. The company has reported $1.8 billion in sales over the past 12 months and is expected to report $3 billion in sales in the next fiscal year.
Pioneer Drilling (PDC) had year-over-year sales growth of 78.3% during the last quarter. The company has reported $554.5 million in sales over the past 12 months and is expected to report $804.5 million in sales in the next fiscal year.
Bronco Drilling (BRNC) had year-over-year sales growth of 66% during the last quarter. The company has reported $138.9 million in sales over the past 12 months and is expected to report $161.8 million in sales in the next fiscal year.
Nabors Industries (NBR) had year-over-year sales growth of 55% during the last quarter. The company has reported $4.7 billion in sales over the past 12 months and is expected to report $6.8 billion in sales in the next fiscal year.
Solid growth in sales is a great signal as to the potential that these companies have. Be sure to watch them closely, they may surprise you. Do some more due diligence, and if one of these companies match you criteria, investment could be the next step.
Quotes from report by Chip Brian, Read the entire article here.
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