5 High Growth Energy Stocks to Buy

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In this article, we will take a look at the 5 high growth energy stocks to buy. To read our analysis of the recent technology trends, and market activity, you can go to the 12 High Growth Energy Stocks to Buy.

5. SeaDrill Limited (NYSE:SDRL)

Latest YoY Quarterly Revenue Growth: 53.90%

Number of Hedge Fund Holders: 38

SeaDrill Limited (NYSE:SDRL) is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. It conducts operations across all kinds of geographies, from shallow to ultra-deepwater environments.

In April, SeaDrill Limited (NYSE:SDRL) completed the previously announced acquisition of Aquadrill LLC, an offshore drilling company with a fleet comprising of eight drilling units. The all-stock transaction valued the target company at $958 million and was announced in December last year.

On November 27, SeaDrill Limited (NYSE:SDRL) released its quarterly results for Q3 2023. It generated total operating revenues of $414 million and net income of $90 million. It reported a normalized EPS of $1.04 for the quarter, which surpassed the consensus estimates by $0.21.

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