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Relatively High Current Ratio Detected in Shares of Atwood Oceanics in the Oil & Gas Drilling Industry (ATW, HP, ESV, RIG, RDC)

By Nick Russo

Below are the three companies in the Oil & Gas Drilling 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.

Atwood Oceanics ranks highest with a a current ratio of 4.5. Helmerich & Payne is next with a a current ratio of 4.1. ENSCO International ranks third highest with a a current ratio of 3.0.

Transocean follows with a a current ratio of 2.7, and Rowan rounds out the top five with a a current ratio of 2.6.

SmarTrend recommended that subscribers consider buying shares of Atwood Oceanics on February 22nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $7.00. Since that recommendation, shares of Atwood Oceanics have risen 51.0%. We continue to monitor Atwood Oceanics for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest current ratio atwood oceanics helmerich & payne ensco international Transocean rowan