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Relatively High Debt to Asset Ratio Detected in Shares of Northern Oil And in the Oil & Gas Exploration & Production Industry (NOG, WTI, ISRL, CHK, CRZO)

Jun 13, 2019 (SmarTrend(R) News Watch via COMTEX) --

Below are the three companies in the Oil & Gas Exploration & Production industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.Northern Oil And ranks highest with a a debt to asset ratio of 154.89. W & T Offshore Inc is next with a a debt to asset ratio of 109.31. Isramco Inc ranks third highest with a a debt to asset ratio of 88.13.

Chesapeake Energ follows with a a debt to asset ratio of 80.27, and Carrizo Oil&Gas rounds out the top five with a a debt to asset ratio of 58.64.

SmarTrend recommended that its subscribers protect gains by selling shares of Carrizo Oil&Gas on May 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $11.49. Since that call, shares of Carrizo Oil&Gas have fallen 19.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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