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Top 5 Companies in the Oil & Gas Equipment & Services Industry With the Highest P/E Ratio (NR, FTI, SLB, HAL, RES)

By James Quinn

Below are the three companies in the Oil & Gas Equipment & Services industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.

Newpark Resource ranks highest with a a P/E ratio of 47.57. Following is Technipfmc Plc with a a P/E ratio of 32.69. Schlumberger Ltd ranks third highest with a a P/E ratio of 19.21.

Halliburton Co follows with a a P/E ratio of 11.40, and Rpc Inc rounds out the top five with a a P/E ratio of 5.46.

SmarTrend is tracking the current trend status for Newpark Resource and will alert subscribers who have NR in their portfolio or watchlist when shares have changed trend direction.

Keywords: highest p/e ratio newpark resource technipfmc plc schlumberger ltd halliburton co rpc inc

Ticker(s): NR FTI SLB HAL RES