Highest Level of Cash in the Oil & Gas Drilling Industry Detected in Shares of Transocean (RIG, SDRL, ESV, HP, RDC)
Below are the three companies in the Oil & Gas Drilling industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Transocean ranks highest with a CE of $2,000. Seadrill is next with a CE of $2,000. ENSCO International ranks third highest with a CE of $1,000.
Helmerich & Payne follows with a CE of $764, and Rowan rounds out the top five with a CE of $290.
SmarTrend recommended that subscribers consider buying shares of Rowan on February 29th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $13.45. Since that recommendation, shares of Rowan have risen 32.0%. We continue to monitor Rowan for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash Transocean seadrill ensco international helmerich & payne rowan