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Lowest Debt-to-Capital Ratio in the Oil & Gas Exploration & Production Industry Detected in Shares of Earthstone Ene-A (ESTE, PXD, FANG, CXO, CPE)

By David Diaz

Below are the three companies in the Oil & Gas Exploration & Production industry with the lowest Debt-to-Capital ratios. The debt-to-capital ratio is an important measure of how a company is financing its operations along with some insight into its financial strength, relative to other companies in its industry.

Earthstone Ene-A ranks lowest with a a Debt-to-Capital ratio of 333.0%. Following is Pioneer Natural with a a Debt-to-Capital ratio of 1,949.9%. Diamondback Ener ranks third lowest with a a Debt-to-Capital ratio of 2,092.8%.

Concho Resources follows with a a Debt-to-Capital ratio of 2,394.6%, and Callon Petroleum rounds out the bottom five with a a Debt-to-Capital ratio of 2,504.7%.

SmarTrend recommended that subscribers consider buying shares of Concho Resources on October 30th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $70.28. Since that recommendation, shares of Concho Resources have risen 27.6%. We continue to monitor Concho Resources for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: lowest debt-to-capital ratio earthstone ene-a pioneer natural diamondback ener concho resources callon petroleum

Ticker(s): ESTE PXD FANG CXO CPE