TheStreet.com Ratings
Top Five Fast-Growth Stocks
03/31/08 - 09:04 AM EDT
- - -
Atwood Oceanics (ATW $91.42 - Cramer's Take - Stockpickr) is a Houston-based international drilling contractor, engaging in the offshore drilling and completion of exploratory and developmental oil and gas wells worldwide. The company also provides related support, management and consulting services.
We have rated this company a buy since September 2004 based on revenue growth, a solid financial position, earnings per share growth and solid stock performance. Revenue rose 49% in the fourth quarter of 2007 to $121.6 million, up from $81.8 million in the fourth quarter of 2006. Atwood's debt-to-equity ratio is very low at 0.03, implying successful management of debt levels. During the past fiscal year, the company increased its bottom line by earning $4.37 a share vs. $2.75 a share in the prior year. Atwood Oceanics has demonstrated a pattern of positive EPS growth over the past two years. Finally, the stock has surged 72% over the past year, powered by its strong earnings growth.
- - -
