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Unit Corp is Among the Companies in the Oil & Gas Drilling Industry With the Lowest Price to Forward Sales (UNT, SDRL, ICD, NE, NBR)

By Amy Schwartz

Below are the three companies in the Oil & Gas Drilling industry with the lowest price to forward sales ratios. The ratio shows how much Wall Street values every dollar of the company's future sales and is useful in comparing comparable companies. Generally the lower the ratio, the more attractive the investment.

Unit Corp ranks lowest with a a price to forward sales ratio of 0.02. Seadrill Ltd is next with a a price to forward sales ratio of 0.09. Independence Con ranks third lowest with a a price to forward sales ratio of 0.13.

Noble Corp Plc follows with a a price to forward sales ratio of 0.14, and Nabors Inds Ltd rounds out the bottom five with a a price to forward sales ratio of 0.17.

SmarTrend recommended that its subscribers protect gains by selling shares of Noble Corp Plc on January 22nd, 2020 by issuing a Downtrend alert when the shares were trading at $1.00. Since that call, shares of Noble Corp Plc have fallen 35.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest price to forward sales unit corp seadrill ltd independence con noble corp plc nabors inds ltd

Ticker(s): UNT SDRL ICD NE NBR