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Top 5 Companies in the Oil & Gas Drilling Industry With the Lowest Price to Book Ratio (NE, ATW, RIG, RDC, DO)

By David Diaz

Below are the three companies in the Oil & Gas Drilling industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.

Noble Corp Plc ranks lowest with a a price to book ratio of 0.12. Following is Atwood Oceanics with a a price to book ratio of 0.22. Transocean Ltd ranks third lowest with a a price to book ratio of 0.26.

Rowan Companie-A follows with a a price to book ratio of 0.26, and Diamond Offshore rounds out the bottom five with a a price to book ratio of 0.35.

SmarTrend recommended that its subscribers protect gains by selling shares of Diamond Offshore on April 30th, 2019 by issuing a Downtrend alert when the shares were trading at $10.20. Since that call, shares of Diamond Offshore have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest price to book ratio noble corp plc :atw atwood oceanics transocean ltd rowan companie-a diamond offshore

Ticker(s): NE RIG RDC DO