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Relatively Low Return on Equity Detected in Shares of Nabors Industries in the Oil & Gas Drilling Industry (NBR, NE, PTEN, UNT, DO)

By Amy Schwartz

Below are the three companies in the Oil & Gas Drilling industry with the lowest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.

Nabors Industries ranks lowest with a ROE of -2,700.7%. Following is Noble with a ROE of -1,517.2%. Patterson-UTI Energy ranks third lowest with a ROE of -1,319.3%.

Unit Corp follows with a ROE of -1,081.7%, and Diamond Offshore Drilling rounds out the bottom five with a ROE of -947.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Nabors Industries on February 7th, 2017 by issuing a Downtrend alert when the shares were trading at $15.63. Since that call, shares of Nabors Industries have fallen 32.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest return on equity Nabors Industries Noble patterson-uti energy unit corp Diamond Offshore Drilling

Ticker(s): NBR NE PTEN UNT DO