In two of our recent articles, we looked for the top six oil & gas companies, and the top eight gas utilities paying excellent dividends.
With oil and gas prices going even higher, we decided to screen for the best oil and gas drillers with quite impressive dividends, and a maximum P/E ratio of 30. All of the companies that follow offered a minimum 5% dividend yield, and have a minimum market capitalization of $300 million. Data is derived from finviz. While there are hundreds of drillers listed in NYSE, only the following large cap drillers fit this criteria:
Crestwood Midstream Partners LP (CMLP): Crestwood is an oil& gas drilling company which gathers, processes and treats natural gas especially in north Texas. The market cap of CMLP is $958.1 million, and it has a P/E ratio is 27.68, with forward P/E of 18.85. Crestwood Midstream had an EPS growth of 73.72% over the last five years. Net profit margin in 2010 was 30.70%, while the company offered a dividend yield of 5.60% over the same period. Recent dividend payments of CMLP per share are as follows: Read the rest of this article here>>>