Shares of Nabors Industries Rank the Highest in Terms of Beta in the Oil & Gas Drilling Industry (NBR, UNT, HP, SDRL, NE)
Below are the three companies in the Oil & Gas Drilling industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.
Nabors Industries ranks highest with a a beta of 1.8. Unit Corp is next with a a beta of 1.7. Helmerich & Payne ranks third highest with a a beta of 1.5.
Seadrill follows with a a beta of 1.5, and Noble rounds out the top five with a a beta of 1.4.
SmarTrend recommended that subscribers consider buying shares of Unit Corp on March 2nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $6.48. Since that recommendation, shares of Unit Corp have risen 92.3%. We continue to monitor Unit Corp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest beta Nabors Industries unit corp helmerich & payne seadrill Noble