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2 Offshore Rig Companies With a Lot to Like

Here's a one-year price chart of ATW and ESV. It paints a picture of good upside potential for the shares' prices. Not surprisingly, the two companies have such similar businesses that the stocks appear to move in tandem.

ATW Chart ATW data by YCharts

With ATW an investor has an investment with a consensus one-year analysts' target price of over $60 a share. Plus, there's the realistic chance that it may be bought and taken over by an ambitious larger company.

If you're also looking for some income as well as growth potential, consider ESV, too. Like ATW, ESV is expected to have a good year ahead when it comes to sales growth and improving EPS results.

By the way, the analyst community is anticipating ATW's current quarter EPS to increase by almost 70% and is calling for revenue growth of more than 50%. We aren't the only investors who know this, and that's why I don't expect ATW (or ESV for that matter) to remain at current price levels much longer.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

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