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Highest EBITDA Growth in the Oil & Gas Drilling Industry Detected in Shares of Independence Con (ICD, NBR, ESV, HP, NE)

Nov 09, 2019 (SmarTrend(R) News Watch via COMTEX) --

Below are the three companies in the Oil & Gas Drilling industry with the highest EBITDA Growth (next year estimate vs. LTM). EBITDA Growth can be valuable in predicting future cash flow generation and earnings power. Independence Con ranks highest with a EBITDA growth of 437.2%. Following is Nabors Inds Ltd with a EBITDA growth of 78.6%. Ensco Plc-Cl A ranks third highest with a EBITDA growth of 78.0%.

Helmerich & Payn follows with a EBITDA growth of 40.2%, and Noble Corp Plc rounds out the top five with a EBITDA growth of 30.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Noble Corp Plc on September 26th, 2019 by issuing a Downtrend alert when the shares were trading at $1.43. Since that call, shares of Noble Corp Plc have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to SmarTrend at cs@mysmartrend.com

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