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TMCNet:  Diamond Offshore Drilling is Among the Companies in the Oil & Gas Drilling Industry With the Highest Current Ratio (DO, RDC, NBR, ATW, HP)

[January 01, 2013]

Diamond Offshore Drilling is Among the Companies in the Oil & Gas Drilling Industry With the Highest Current Ratio (DO, RDC, NBR, ATW, HP)

Jan 01, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Oil & Gas Drilling industry with the highest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.Diamond Offshore Drilling ranks highest with a a current ratio of 4.9. Rowan is next with a a current ratio of 3.5. Nabors Industries ranks third highest with a a current ratio of 2.8.

Atwood Oceanics follows with a a current ratio of 2.7, and Helmerich & Payne rounds out the top five with a a current ratio of 2.3.

SmarTrend recommended that subscribers consider buying shares of Helmerich & Payne on November 19th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $51.18. Since that recommendation, shares of Helmerich & Payne have risen 9.4%. We continue to monitor Helmerich & Payne for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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