Oil Drilling Stocks

With the price of oil bouncing around between $90 and $100 per barrel, maybe its time to look at the oil drillers, which can provide substantially more upside than the large integrated oil companies or the oil income trusts. Here are a list of 14 oil drillers, all but two of which have market caps above $1 billion, and all but two of which pay dividends.

Atlas Energy Resources ( ATN ) is a developer of of natural gas and oil principally in Michigan,New York, Pennsylvania, Ohio, and Tennessee. The stock has a P/E of 23, a PEG of 0.42 , and a yield of 7.5 .

Markwest Energy ( MWE ) is a Denver, Colorado based oil and gas company. The stock has a P/E of 28, a PEG of 2.12 , and a yield of 6.1 .

Patterson-UTI Energy ( PTEN ) is a Snyder, Texas based provider of onshore contract drilling services. The stock has a P/E of 6, a PEG of 1.17 , and a yield of 2.5 .

StatoilHydro ASA ( STO ) is a Norway based company that explores for, produces and refines petroleum. The stock has a P/E of 8, a PEG of 2.19 , and a yield of 2 .

Gulf Island Fabrication ( GIFI ) manufactures offshore drilling and production platforms. The stock has a P/E of 16, a PEG of 0.57 , and a yield of 1.3 .

Rowan Cos Inc ( RDC ) is a Houston, Texas based contract drilling company. The stock has a P/E of 11, a PEG of 0.73 , and a yield of 1.1 .

Helmerich Payne ( HP ) is a Tulsa, Oklahoma based contract driller of oil and gas. The stock has a P/E of 9, a PEG of 1.02 , and a yield of 0.5 .

Diamond Offshore ( DO ) is a Houston based an offshore oil and gas drilling contractor. The stock has a P/E of 20, a PEG of 0.96 , and a yield of 0.4 .

W&T Offshore ( WTI ) is a Houston based explorer and producer of oil and natural gas. The stock has a P/E of 19, a PEG of 1.15 , and a yield of 0.4 .

Atlas America ( ATLS ) is a Pennsylvania based producer and developer of oil and gas. The stock has a P/E of 31, and a yield of 0.4 .

Noble Corp ( NE ) is a Texas based company that provides contract drilling services. The stock has a P/E of 13, a PEG of 0.55 , and a yield of 0.3 .

Ensco Intl Inc ( ESV ) is a Dallas, Texas based provider of contract drilling services. The stock has a P/E of 9, a PEG of 0.47 , and a yield of 0.2 .

Transocean Inc ( RIG ) is a Houston, Texas based offshore contract drilling company. The stock has a P/E of 16, a PEG of 0.68.

Parker Drilling ( PKD ) is a Houston based provider of land and offshore contract drilling services. The stock has a P/E of 7.5.

Author does not own any of the above.

By Fred Fuld at Stockerblog.com