Is It Time to Buy These Offshore Oil and Gas Drilling Stocks?

If your portfolio doesn't have offshore oil and gas services stocks right now, you can't be blamed. Lower oil and gas prices over the past three years have made for a dismal performance for these energy service stocks. However, there are some signs that market demand is ticking up off its lows. If so, adding shares in Diamond Offshore (NYSE: DO) and Rowan Companies (NYSE: RDC) to your holdings may pay off.

Diamond Offshore turned an important corner this past summer, when it posted its best year-over-year revenue growth in three years. Its momentum carried over into the third quarter, too, with sales of $366 million outpacing sales of $349 million last year.

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Source: Fool.com