Energy Transfer Equity is Among the Companies in the Oil & Gas Storage & Transportation Industry With the Highest Debt to Equity Ratio (ETE, OKE, CQP, TK, TOO)
Below are the three companies in the Oil & Gas Storage & Transportation industry with the highest debt to equity ratios. The Debt/Equity ratio measures a company's leverage and a high level often implies that a company has financed much of its growth with debt.
Energy Transfer Equity ranks highest with a a debt to equity ratio of 47.3. Oneok is next with a a debt to equity ratio of 21.0. Cheniere Energy Partners ranks third highest with a a debt to equity ratio of 14.2.
Teekay follows with a a debt to equity ratio of 8.2, and Teekay Offshore Partners rounds out the top five with a a debt to equity ratio of 3.7.
SmarTrend recommended that subscribers consider buying shares of Oneok on February 29th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $23.60. Since that recommendation, shares of Oneok have risen 81.1%. We continue to monitor Oneok for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest debt to equity ratio energy transfer equity oneok amex:cqp cheniere energy partners Teekay teekay offshore partners