Lowest Current Ratio in the Oil & Gas Exploration & Production Industry Detected in Shares of Ultra Petroleum (UPL, MCF, CRZO, CPE, SWN)
Below are the three companies in the Oil & Gas Exploration & Production industry with the lowest 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.
Ultra Petroleum ranks lowest with a a current ratio of 0.5. Following is Contango Oil & Gas with a a current ratio of 0.6. Carrizo Oil & Gas ranks third lowest with a a current ratio of 0.6.
Callon Petroleum follows with a a current ratio of 0.7, and Southwestern Energy rounds out the bottom five with a a current ratio of 0.7.
SmarTrend recommended that subscribers consider buying shares of Callon Petroleum on January 28th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $6.42. Since that recommendation, shares of Callon Petroleum have risen 58.2%. We continue to monitor Callon Petroleum for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest current ratio Ultra Petroleum amex:mcf contango oil & gas carrizo oil & gas callon petroleum southwestern energy