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Relatively Low Return on Equity Detected in Shares of Pioneer Energy Services Corp in the Oil & Gas Drilling Industry (PES, RIG, NBR, ICD, NE)

By James Quinn

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.

Pioneer Energy Services Corp ranks lowest with a ROE of -2,672.9%. Following is Transocean Ltd with a ROE of -2,336.7%. Nabors Inds Ltd ranks third lowest with a ROE of -1,868.0%.

Independence Con follows with a ROE of -918.1%, and Noble Corp Plc rounds out the bottom five with a ROE of -683.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Noble Corp Plc on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $2.68. Since that call, shares of Noble Corp Plc have fallen 28.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest return on equity :pes pioneer energy services corp transocean ltd nabors inds ltd independence con noble corp plc

Ticker(s): RIG NBR ICD NE