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Qep Resources In has the Lowest Current Ratio in the Oil & Gas Exploration & Production Industry (QEP, MCF, CRZO, CXO, RRC)

By Shiri Gupta

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.

Qep Resources In ranks lowest with a a current ratio of 0.3. Contango Oil & G is next with a a current ratio of 0.3. Carrizo Oil&Gas ranks third lowest with a a current ratio of 0.3.

Concho Resources follows with a a current ratio of 0.5, and Range Resources rounds out the bottom five with a a current ratio of 0.6.

SmarTrend recommended that its subscribers protect gains by selling shares of Range Resources on November 20th, 2018 by issuing a Downtrend alert when the shares were trading at $16.02. Since that call, shares of Range Resources have fallen 13.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest current ratio qep resources in amex:mcf contango oil & g carrizo oil&gas concho resources range resources

Ticker(s): QEP CRZO CXO RRC