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Diamond Offshore and Rowan Companies: Best Offshore Stocks Lately

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Equity Screener

In this series, we’ll help you screen key metrics for nine offshore drillers. This is a starting point to help you figure out which offshore drilling stocks to long or short based on the current industry outlook. We compare the key fundamentals you should look at when analyzing offshore drilling companies.

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Companies at a glance

  • Seadrill (SDRL): Seadrill is incorporated in Bermuda and operated from London. The company operates one of the youngest fleets at 69 rigs, comprising drillships, jack-ups, semisubmersibles, and tender rigs.
  • Seadrill Partners (SDLP): Seadrill Limited is the parent company of Seadrill Partners. The company operates a small fleet of 11 rigs, comprising semisubmersibles, drillship, tender rigs, and barges.
  • Transocean (RIG): Transocean has one of the largest fleets in the offshore industry, with 62 rigs. It operates ultra-deepwater floaters, deepwater floaters, harsh environment floaters, mid-water floaters, and high-specification jack-ups.
  • Ocean Rig (ORIG): This company, based in Greece, operates ten rigs, mainly drillships.
  • Rowan Companies (RDC): This company focuses on high-specification and premium jack-up drilling rigs and high specification ultra-deepwater drillships. It owns and operates a fleet of 32 offshore drilling units—28 jack-ups and four ultra-deepwater drillships.
  • Diamond Offshore (DO): This Texas company owns one of the oldest fleets, at 35 rigs—eight ultra-deepwater semisubmersibles, seven deepwater semisubmersibles, nine mid-water semisubmersibles, five ultra-deepwater drillships, and six jack-ups.
  • Ensco (ESV): This company’s headquartered in London. It operates a total fleet of 70 rigs—28 floaters and 42 jack-ups. It also provides services for third-party rigs.
  • Noble (NE): This company operates 17 ultra-deepwater floaters and 15 high-specification jack-ups.
  • Pacific Drilling (PACD): This is an ultra-deepwater drilling contractor that operates seven rigs.

Stock performance

In the last three months, the worst performers in the offshore drilling (XLE) industry were Seadrill Partners (SDLP), Ocean Rig (ORIG), Seadrill LTD(SDRL), and Pacific Drilling (PACD). Their stocks depreciated by 68%, 49%, 47%, and 44%, respectively.

Diamond Offshore (DO) and Rowan Companies (RDC) were the best performers. Diamond’s stock rose by 1% while Rowan Companies’ gave a 0% return.

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