Helmerich & Payne is Among the Companies in the Oil & Gas Drilling Industry With the Lowest Debt-to-Capital Ratio (HP, PTEN, UNT, DO, ATW)
Below are the three companies in the Oil & Gas Drilling 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.
Helmerich & Payne ranks lowest with a a Debt-to-Capital ratio of 9.8%. Following is Patterson-UTI Energy with a a Debt-to-Capital ratio of 24.7%. Unit Corp ranks third lowest with a a Debt-to-Capital ratio of 36.0%.
Diamond Offshore Drilling follows with a a Debt-to-Capital ratio of 36.2%, and Atwood Oceanics rounds out the bottom five with a a Debt-to-Capital ratio of 36.4%.
SmarTrend recommended that subscribers consider buying shares of Atwood Oceanics on February 22nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $7.00. Since that recommendation, shares of Atwood Oceanics have risen 70.4%. We continue to monitor Atwood Oceanics for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest debt-to-capital ratio helmerich & payne patterson-uti energy unit corp Diamond Offshore Drilling atwood oceanics