Highest Current Ratio in the Oil & Gas Equipment & Services Industry Detected in Shares of Dril-Quip (DRQ, PHIIK, NGS, TESO, HOS)
Below are the three companies in the Oil & Gas Equipment & Services industry with the highest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.
Dril-Quip ranks highest with a a current ratio of 9.6. PHI is next with a a current ratio of 6.8. Natural Gas Services ranks third highest with a a current ratio of 6.0.
Tesco follows with a a current ratio of 5.8, and Hornbeck Offshore Services rounds out the top five with a a current ratio of 5.1.
SmarTrend recommended that its subscribers protect gains by selling shares of Hornbeck Offshore Services on May 9th, 2016 by issuing a Downtrend alert when the shares were trading at $9.95. Since that call, shares of Hornbeck Offshore Services have fallen 15.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest current ratio dril-quip amex:ngs natural gas services Tesco hornbeck offshore services