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Lowest Price to Book Ratio in the Oil & Gas Drilling Industry Detected in Shares of Noble Corp Plc (NE, ATW, ESV, RDC, RIG)

By Shiri Gupta

Below are the three companies in the Oil & Gas Drilling industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.

Noble Corp Plc ranks lowest with a a price to book ratio of 0.22. Following is Atwood Oceanics with a a price to book ratio of 0.22. Ensco Plc-Cl A ranks third lowest with a a price to book ratio of 0.30.

Rowan Companie-A follows with a a price to book ratio of 0.30, and Transocean Ltd rounds out the bottom five with a a price to book ratio of 0.32.

SmarTrend recommended that its subscribers protect gains by selling shares of Noble Corp Plc on October 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $5.87. Since that call, shares of Noble Corp Plc have fallen 29.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest price to book ratio noble corp plc :atw atwood oceanics ensco plc-cl a rowan companie-a transocean ltd

Ticker(s): NE ESV RDC RIG