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The Company is primarily engaged in contract drilling of oil and gas wells for others.
Diluted TTM earnings per share at 5.34, and a MRQ book value per share value at 36.28, implies a Graham Number fair value = sqrt(22.5*5.34*36.28) = $66.02. Based on the stock's price at $53.67, this implies a potential upside of 23.02% from current levels.
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