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Top 5 Companies in the Oil & Gas Drilling Industry With the Lowest Debt-to-Capital Ratio (HP, PTEN, ATW, RDC, DO)

By Amy Schwartz

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 973.4%. Patterson-UTI Energy is next with a a Debt-to-Capital ratio of 2,101.9%. Atwood Oceanics ranks third lowest with a a Debt-to-Capital ratio of 2,753.4%.

Rowan follows with a a Debt-to-Capital ratio of 3,438.8%, and Diamond Offshore Drilling rounds out the bottom five with a a Debt-to-Capital ratio of 3,573.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Rowan on January 31st, 2017 by issuing a Downtrend alert when the shares were trading at $17.63. Since that call, shares of Rowan have fallen 25.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest debt-to-capital ratio helmerich & payne patterson-uti energy atwood oceanics rowan Diamond Offshore Drilling

Ticker(s): HP PTEN ATW RDC DO