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."
For the entire article: http://www.investors.com/NewsAndAnalysis/Newsfeed/Article/132289133/201106060733/Top-5-Companies-in-the-Oil-and-Gas-Drilling-Industry-With-the-Highest.aspx