TMCnet News
ENSCO International has the Lowest P/E Ratio in the Oil & Gas Drilling Industry (ESV, UNT, PTEN, HP, ATW)Jul 19, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Oil & Gas Drilling industry with the lowest 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.ENSCO International ranks lowest with a a P/E ratio of 10.80. Following is Unit Corp with a a P/E ratio of 11.66. Patterson-UTI Energy ranks third lowest with a a P/E ratio of 11.75. Helmerich & Payne follows with a a P/E ratio of 12.12, and Atwood Oceanics rounds out the bottom five with a a P/E ratio of 12.32. SmarTrend is monitoring the recent change of momentum in Atwood Oceanics. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Atwood Oceanics in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |