Transocean Sold 15 Jack-ups, and Evercore Just Weighed In
After the sale, Transocean will be a pure-play floater company. Transocean now has 41 high-specification floaters—one of the biggest floater fleets around.
After the news of the sale of Transocean’s (RIG) jack-up fleet broke on March 20, RIG stock closed at $12.22—2% lower than the previous day’s closing price.
In this part of the series, we’ll look at the worst OFS stocks by expected earnings growth in 1Q17.
In this part of the series, we’ll look at the expectations for 1Q17 earnings of the best OFS stocks in the market.
Among our group of OFS companies, analysts expect Halliburton (HAL) to see the highest rise in adjusted EPS in 1Q17.
Wall Street analysts expect Oil States International (OIS) to see the steepest fall in adjusted EPS in our set of OFS companies.
Among our OFS companies, analysts expect Flotek Industries (FTK) to have the steepest fall in adjusted EBITDA in 1Q17.
Weatherford International (WFT) is expected to witness a 2.1% fall in revenue in 1Q17 compared to 4Q16.
Wall Street analysts expect Fairmount Santrol (FMSA) to see the highest EBITDA growth in 1Q17 compared to 4Q16 in our group of select OFS companies.
Wall Street analysts expect Fairmount Santrol Holdings (FMSA), a relatively small OFS provider, to see the highest 1Q17 revenue growth in our group.
Coeur Mining and its closest peers are currently trading below their 20-day and 50-day moving averages.
Coeur Mining (CDE) is trading at a forward EV-to-EBITDA multiple of 5.3x. That’s the lowest among its peer group (SIL).
Wall Street analysts covering Coeur Mining (CDE) are projecting sales of $768.6 million for 2017. That implies a 15.4% rise in revenue YoY.
Coeur Mining’s (CDE) management is focused on generating significant FCF. In 4Q16, FCF was -$4.5 million after having positive FCF in the first two quarters.
Coeur Mining (CDE) ended 2016 with an outstanding debt of $210.9 million. That’s 57.0% less than at the end of 2015.
Coeur Mining stated in its reserves and resources statement that its near-mine exploration targets have started to pay off.
Coeur Mining (CDE) has traditionally been a high-cost producer, thus suffering huge losses. Investor confidence in the stock has eroded.
In 4Q16, Coeur Mining (CDE) reported a record quarterly silver equivalent production of 10.0 million ounces.
Coeur Mining (CDE) was one of the most successful mining stocks in 2016, rising more than 268.0%. In 2017, its has become one of the worst performers.
On March 15, 2017, Enterprise Products Partners announced the acquisition of Azure Midstream Partners’ midstream business and assets for $189 million.