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Sue Goodridge

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Sue Goodridge

  • uploads///dcadbbbaeaeeefe
    Macroeconomic Analysis

    Decoding the Fall in Crude Tanker Rates

    Since the BDTI (Baltic Dirty Tanker Index) has fallen by 50% from the beginning of the year, crude tanker stock prices have also fallen.

    By Sue Goodridge
  • uploads///Expenses
    Earnings Report

    Is Pacific Maintaining Its Margins in a Falling Revenue Scenario?

    Pacific Drilling’s (PACD) operating expense-to-revenue ratio stood at 37.5% at the end of 3Q16, similar to the previous quarter’s 37.3% and 3Q15’s 37.7%.

    By Sue Goodridge
  • uploads///Spot Rates_Week
    Miscellaneous

    How Crude Tanker Stocks Performed in 3Q17

    Just like crude tanker rates, most crude tanker stocks also fell in 3Q17.

    By Sue Goodridge
  • uploads///Recent highlights
    Earnings Report

    Recent Developments for Navios Maritime Midstream Partners

    In October, NAP amended its existing management agreement with Navios Tankers Management. It extended the fleet’s fixed-fee period for commercial and technical management services.

    By Sue Goodridge
  • uploads///oil imports
    Macroeconomic Analysis

    China Had the 2nd-Highest Crude Oil Imports in August

    August was the first time in 22 months that China has recorded a YoY increase in imports. Crude oil imports for China are now at a record high.

    By Sue Goodridge
  • uploads///Revenue
    Company & Industry Overviews

    Pacific Drilling’s Future Revenues: Is Wall Street Overly Optimistic?

    Wall Street analysts estimate revenues of $270 million in 3Q15 for Pacific Drilling (PACD)—close to the $274 million revenue earned in 2Q15.

    By Sue Goodridge
  • uploads///EV EBITDA
    Company & Industry Overviews

    Seadrill Partners: Analyst Recommendations and Valuation

    Of the five analysts surveyed, 20% recommended a “buy” for Seadrill Partners, 60% recommended a “hold,” and 20% offered a “sell” recommendation.

    By Sue Goodridge
  • uploads///Analyst Recco_
    Miscellaneous

    Analysts’ Recommendations for Crude Tanker Stocks

    In Week 28, analysts made no target price revisions or recommendation changes for crude tanker companies.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Gauging Tsakos Energy’s Estimated Revenue Fall for 2Q17

    For 2Q17, analysts estimate that Tsakos Energy Navigation (TNP) will see revenues of $109.8 million, compared with the $138 million we saw in 1Q17.

    By Sue Goodridge
  • uploads///Refinery margins
    Macroeconomic Analysis

    Oil Supply and Refinery Margins Concern Crude Tankers

    Refinery margins have fallen throughout most of the world. US Gulf refinery margins for WTI crude lost more than $2 compared to last month’s level.

    By Sue Goodridge
  • uploads///Analyst ratings
    Earnings Report

    Analysts Drop Seadrill Partners from Coverage

    On February 2, 2017, Morgan Stanley upgraded Seadrill Partners (SDLP) and raised its target price to $8 from $7.

    By Sue Goodridge
  • uploads///Fleet
    Earnings Report

    What to Expect from Transocean’s 1Q17 Results

    Transocean (RIG) plans to release its 1Q17 results on May 3, 2017, after the market closes.

    By Sue Goodridge
  • uploads///Credit Rating
    Earnings Report

    Pacific Drilling’s Covenants Are Giving It a Hard Time

    Pacific Drilling’s (PACD) cash flow from operations was $40.0 million in 4Q16 compared to $59.0 million in 4Q15.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Was GasLog’s Stable Revenue in 4Q15 a Positive or Negative Sign?

    GasLog’s revenue in fiscal 4Q15 was very similar to fiscal 3Q15 revenue. In 4Q15, the company posted revenue of $107.5 million compared to $105.7 million in the previous quarter.

    By Sue Goodridge
  • uploads///Fleet
    Earnings Report

    Transocean: Aggressive in Rig Scrapping and Expansion

    Many offshore drillers have scrapped their older rigs to reduce costs. Although scrapping rigs reduces costs, it also negatively impacts the earnings potential of the company.

    By Sue Goodridge
  • uploads///TC Rate
    Macroeconomic Analysis

    Week 10: After Last Week’s Dip, Time Charter Rates Stabilize

    VLCC time charter rates were almost constant in week ten of 2016. Otherwise, there hasn’t been a significant move in time charter rates in last few weeks.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Noble Corporation: Optimistic about Offshore Drilling Outlook

    Noble Corporation’s (NE) contract drilling revenue was $354.0 million in 1Q17 compared to $591.0 million in the same period last year.

    By Sue Goodridge
  • uploads///Fleet
    Earnings Report

    Analyzing Rowan’s Rig Scrapping and Stacking Activity in 3Q15

    Offshore drilling (XLE) (IYE) is a capital-intensive industry requiring a large amount of money to keep rigs active and well-maintained.

    By Sue Goodridge
  • uploads///Past Revenue
    Earnings Report

    Seadrill’s 1Q17 Results: What Can Investors Expect?

    Seadrill will release its 1Q17 results on May 24. In 4Q16, Seadrill’s revenue was $667 million—nearly 10% lower than revenue of $743 million in 3Q16.

    By Sue Goodridge
  • uploads///DHT
    Miscellaneous

    What Analysts Recommend for the Top Two Crude Tanker Stocks

    DHT Holdings (DHT) was the best-performing stock among peers on a YTD basis.

    By Sue Goodridge
  • uploads///aecbbefdeeedadaebf
    Earnings Report

    GasLog Partners’ 2Q17 Results Are Just around the Corner

    GasLog Partners plans to release its 2Q17 results before the market opens on July 27. The release will be followed by a conference call on the same day.

    By Sue Goodridge
  • uploads///bdbacdefdddebeb
    Miscellaneous

    China’s March Data and the Crude Tanker Industry

    In many ways, China is the most important country for the crude oil tanker industry. In this series, we’ll take a close look at China’s March 2017 import-export data and manufacturing sector performance.

    By Sue Goodridge
  • uploads///PMI
    Energy & Utilities

    Is China’s Manufacturing Sector Improving?

    In November 2017, China’s manufacturing PMI (purchasing managers’ index) was 51.8. The PMI rose from 51.6 in October.

    By Sue Goodridge
  • uploads///US Products supplied
    Macroeconomic Analysis

    Is US Oil Demand Helping Crude Tankers?

    US products supplied for the week ended March 17, 2017, totaled 19,225 Mbpd (thousand barrels per day), 1% less than in the previous week.

    By Sue Goodridge
  • uploads///Costs
    Earnings Report

    Transocean’s 3Q17 Earnings: What Analysts Expect

    Analysts expect Transocean’s (RIG) 3Q17 EBITDA to fall to $313 million—a 10% fall from $349 million reported in 2Q17 and a 31% fall year-over-year.

    By Sue Goodridge
  • uploads///Analyst Ratings
    Energy & Utilities

    Maxim Group Revised Tsakos Energy Navigation’s Target Price

    After Tsakos Energy Navigation released its 2Q17 results, Maxim Group reduced its target price to $6 from $7 and maintained a “buy” rating on the stock.

    By Sue Goodridge
  • uploads///Analyst Recco
    Energy & Utilities

    Analysts’ Recommendations for Crude Tankers in Week 36

    The crude tanker index rose in week 36. However, crude tanker stocks had a mixed performance. Average VLCC rates rose from multiyear lows.

    By Sue Goodridge
  • uploads///bbecaafaacf
    Earnings Report

    Tsakos Energy Navigation’s Revenue and EBITDA Fell in 1Q16

    Tsakos Energy Navigation’s 1Q16 net revenues fell by 11.6% to $99 million from $112 million in the previous quarter.

    By Sue Goodridge
  • uploads///Bunker Fuel Prices_Week
    Miscellaneous

    Analyzing Bunker Fuel Prices in Week 29

    On July 20, 2017, average bunker fuel prices were $339.5 per ton—compared to $323 per ton a week ago on July 13, 2017.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    A Look at Transocean’s Top Line in 3Q17

    Transocean’s top line In 3Q17, Transocean’s (RIG) drilling revenue was $699 million, just 0.8% lower than its revenue of $705 million in the previous quarter, and 21% lower than the $886 million seen in 3Q16. Revenue sources Transocean earns its revenue mainly through floaters. The company sold its jack-up fleet to Borr Drilling in March 2017. […]

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Inside Ocean Rig’s Revenue: Past, Present, and Future

    In 2Q16, Ocean Rig’s (ORIG) revenue decreased by $56 million to $452 million, as compared to $508 million in 1Q16.

    By Sue Goodridge
  • uploads///BDTI_Week
    Company & Industry Overviews

    Week 49: All Crude Tanker Stocks Fell More than 6%

    In week 49, the BDTI fell from 820 to 814. In the middle of the week, the index rose to 824 but fell towards the end of the week.

    By Sue Goodridge
  • uploads///DO_Ratings
    Energy & Utilities

    Why Citi Group Downgraded Diamond Offshore to a ‘Sell’

    Diamond Offshore (DO) closed at $14.47 on October 12. Over the last month, DO’s stock has had a good run with a 16.3% return.

    By Sue Goodridge
  • uploads///NAP
    Miscellaneous

    Analysts Recommend a ‘Hold’ on Navios Maritime Midstream Partners

    The consensus 12-month target price for Navios Maritime Partners is $4.83, which implies a potential upside of 40.82% from its market price on July 12.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    What Impacted Nordic American Tankers’ Top Line?

    Nordic American Tankers’ revenue in 3Q16 fell to $71 million—compared to $88 million in 2Q16. Its revenue was 29% lower than its revenue in 3Q15.

    By Sue Goodridge
  • uploads///NAP
    Miscellaneous

    Credit Suisse Downgrades Navios Maritime Midstream Partners

    Consensus recommendations On January 13, 2017, Credit Suisse downgraded Navios Maritime Midstream Partners (NAP) to “neutral” from “outperform” and decreased the target price to $12 from $13. Only five analysts give recommendations on Navios Maritime Partners. According to Reuters, the consensus rating for the stock is 2.6, which means a “hold.” One analyst has given a […]

    By Sue Goodridge
  • uploads///Bunker Fuel Prices_Week _Revised
    Energy & Utilities

    Trump Withdraws US from Iran Nuclear Deal: Bunker Fuel Prices Up

    In week 19, average VLCC (very large crude carrier) rates dropped from the previous week and are again below $10,000.

    By Sue Goodridge
  • uploads///fLEET dATA
    Company & Industry Overviews

    Which Crude Tanker Companies Lost More in 3Q?

    The third quarter wasn’t very good for tanker rates. In August 2016, the middle of the third quarter, tanker rates dropped to some of their lowest levels.

    By Sue Goodridge
  • uploads///EV EBITDA
    Earnings Report

    Where Does Seadrill Partners’s Valuation Stand?

    For the offshore drilling industry, we believe that the EV-to-EBITDA multiple reflects the perceived riskiness of investing in offshore drilling companies, as well as investors’ expectations for the industry’s outlook.

    By Sue Goodridge
  • uploads///Orderbook
    Macroeconomic Analysis

    Euronav Provided Insights on the Rising Orderbook

    Euronav thinks that the rise in the orderbook is partly due to the Tier 3 legislation on nitrogen oxide emissions. The legislation is applicable from January 2016.

    By Sue Goodridge
  • uploads///Bunker Fuel Prices
    Macroeconomic Analysis

    Time Charter Rates Fell at the End of November

    The time charter rates for one year on VLCCs (very large crude carriers) fell to $43,000 per day on November 25—compared to $45,500 per day the previous week.

    By Sue Goodridge
  • uploads///Costs
    Earnings Report

    Behind the Improving Cost Side of Ocean Rig

    Ocean Rig (ORIG) recorded general and administrative expenses of $26.9 million in 2Q16, as compared to $19 million in 1Q16.

    By Sue Goodridge
  • uploads///Oil Rig
    Miscellaneous

    Seadrill Stock Rose 98% in Week 20

    The offshore drilling industry made headlines last week, especially Seadrill (SDRL), which reached a 52-week high of $0.73.

    By Sue Goodridge
  • uploads///Spot Rates_Week
    Energy & Utilities

    VLCC Rates Are near Multiyear Lows

    According to Weber’s report, VLCC rates for the route from the Arabian Gulf to China fell from $10,809 per day on August 18 to $8,747 per day on August 25.

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Behind Analysts’ High Estimates for Tsakos

    Tsakos operates a total fleet of 50 tankers and has 15 tankers under construction. Of these 15, seven newbuilds are expected to join the fleet in 2016.

    By Sue Goodridge
  • uploads///deabbfaaa
    Miscellaneous

    How Offshore Drilling Stocks Performed in 4Q16

    In this series, we’ll look at Wall Street analysts’ recommendations and ratings for offshore drilling companies.

    By Sue Goodridge
  • uploads///revenue
    Earnings Report

    Is There a Fall in NAP’s 2017 and 2018 Revenue Estimate?

    Wall Street analysts expect revenue of just over $21.5 million for Navios Maritime Midstream Partners (NAP) in 2Q17, compared to $21.1 million in 1Q17 and $22.7 million in 2Q16.

    By Sue Goodridge
  • uploads///Drilling Permits_New Logo
    Energy & Utilities

    No Drilling Permits in the Gulf of Mexico in May

    In May, no drilling permits were issued in the shallow waters of the Gulf of Mexico. In the first five months of 2018, only two were issued.

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    What Do Analysts Expect from Ensco’s 3Q16 EBITDA?

    Analysts expect a fall in Ensco’s (ESV) EBITDA for 3Q16. Analysts’ estimate for Ensco’s EBITDA in 3Q16 is $221 million—a 58% fall from $532 million in 2Q16.

    By Sue Goodridge
  • uploads///bunker fuel
    Macroeconomic Analysis

    Bunker Fuel Prices Inch Up Higher and Higher

    Bunker fuel prices, the biggest cost to run a ship, are correlated with crude oil prices. For the week ended May 20, the average bunker fuel price was $275–$282 per ton.

    By Sue Goodridge
  • uploads///GAslog
    Earnings Report

    What Are Analysts Expecting from Teekay LNG Partners in 4Q16?

    Analysts are estimating that Teekay LNG Partners’ 4Q16 revenue will be $110.0 million, which is 10.0% higher than $100.0 million in 3Q16.

    By Sue Goodridge
  • uploads///Recommendations_RIG
    Energy & Utilities

    What Do Wall Street Analysts Think about Transocean?

    The Market has given a consensus rating of “sell” to Transocean (RIG). Of the 37 analysts covering the stock, only 5% have given it a “buy” recommendation.

    By Sue Goodridge
  • uploads///Backlog
    Earnings Report

    Understanding Atwood Oceanics’ Future Revenues Through Backlog

    On March 31, 2017, Atwood Oceanics (ATW) had a backlog of $400 million, which was ~60% lower than the $1 billion it reported on March 31, 2016.

    By Sue Goodridge
  • uploads///Recommendations Analysts
    Earnings Report

    How Has Market Sentiment Changed for Noble?

    Noble (NE) has a consensus “hold” recommendation based on ratings from 39 analysts covering the stock, according to Bloomberg.

    By Sue Goodridge
  • uploads///PMI
    Energy & Utilities

    China’s PMI Hits 19-Month Low—How It Impacts the Crude Tanker Industry

    In February 2018, China’s manufacturing PMI (purchasing managers’ index) was 50.3.

    By Sue Goodridge
  • uploads///Fleet
    Earnings Report

    Frontline’s Current Fleet and Newbuild Updates

    Frontline had 61 vessels in its fleet on September 30. The 61 vessels include 22 VLCCs, 18 Suezmax tankers, 20 LR2/Aframax tankers, and one MR vessel.

    By Sue Goodridge
  • uploads///capex
    Earnings Report

    How Could Rowan’s Capex Mold Its Free Cash Flow?

    In 1Q16, Rowan Companies (RDC) had cash flow from operations of $160 million, which was substantially lower than the previous quarter’s $338 million.

    By Sue Goodridge
  • uploads///Oil imports China
    Miscellaneous

    China’s Imports: 12.5% Higher in First 4 Months of 2017

    China’s crude oil imports hit an all-time high in March. April’s crude oil imports eased—total crude oil imports came in at 34.39 million tons.

    By Sue Goodridge
  • uploads///Recco
    Earnings Report

    Recent Analyst Changes in Ensco’s Recommendations

    Of the 28 analysts covering Ensco, three analysts gave “strong buy” recommendations, while eight analysts gave “buy” recommendations.

    By Sue Goodridge
  • uploads///Analyst Recco
    Miscellaneous

    Target Price for NAP Revised in Week 42

    On October 20, 2017, Citigroup raised the target price for Navios Maritime Midstream Partners (NAP) to $8 from $7.

    By Sue Goodridge
  • uploads///Seadrills fleet
    Company & Industry Overviews

    Are Seadrill’s 14 Newbuilds Still a Concern?

    Seadrill (SDRL) still has 14 rigs under construction including four drillships, two semisubmersibles, and eight jack-ups.

    By Sue Goodridge
  • uploads///RIG_Ratings
    Miscellaneous

    Transocean Falls 22% YTD—What Analysts Have to Say

    Of these 36 analysts, one analyst gave Transocean (RIG) a “strong buy,” six analysts gave a “buy” recommendation, and 15 analysts recommended a “hold.”

    By Sue Goodridge
  • uploads///Oil imports China
    Miscellaneous

    China’s Oil Production and Imports Benefit Crude Tanker Industry

    China’s crude oil imports in March hit a new record. Its total crude oil imports came in at 39.0 million tons, compared to 31.8 million tons in February.

    By Sue Goodridge
  • uploads///effdbaffaadbedfacd
    Earnings Report

    Seadrill’s 2Q16 Results Are on Their Way

    Seadrill’s 2Q16 results are expected to be released on August 25, 2016. The company’s stock has fallen 19% since the start of the year.

    By Sue Goodridge
  • uploads///BDTI_Week
    Miscellaneous

    Week 12: Nordic American Tankers Struggled

    In week 12 of 2018, which ended on March 23, the BDTI rose from 635 to 656. In week 11, the index dropped by 18 points.

    By Sue Goodridge
  • uploads///Backlog
    Earnings Report

    Prepping for Noble Corporation’s 2Q17 Results

    Noble Corporation plans to release its 2Q17 results on August 3, 2017, after the markets close. It will have a conference call on August 4, 2017.

    By Sue Goodridge
  • uploads///oil prodcution
    Macroeconomic Analysis

    How the OPEC Production Cut Turned Out for Crude Tankers

    Crude oil production has gradually fallen since the beginning of 2016, especially on the non-OPEC (Organization of the Petroleum Exporting Countries) side.

    By Sue Goodridge
  • uploads///Market Outlook
    Earnings Report

    Frontline in 3Q15: Risks and Bullish Factors for Tanker Industry

    The main factor for a bright outlook for the tanker industry is the world oil supply, which is at the highest level ever at 97 million barrels per day. The low price for oil is supporting higher demand.

    By Sue Goodridge
  • uploads///ddcbdcebefcbeacea
    Earnings Report

    Key Takeaways from Diamond’s 3Q15 Earnings and Conference Call

    Diamond Offshore Drilling’s (DO) stock showed a 5% rise as of November 5, 2015, after the company released its 3Q15 earnings on November 2.

    By Sue Goodridge
  • uploads///Mark Outlook
    Earnings Report

    Offshore Drilling Industry: Early Stage of Recovery

    In Transocean’s (RIG) 4Q17 conference call, the company provided insights about the offshore drilling industry’s outlook.

    By Sue Goodridge
  • uploads///Ratios
    Earnings Report

    What’s Noble’s Debt Situation Look Like after 1Q16?

    For the next five years, Noble needs to pay around $200 million–$300 million in debt every year. Then, the repayment for each year rises to around $400 million or more.

    By Sue Goodridge
  • uploads///Backolog Contract
    Earnings Report

    A Look At TGP’s Contracts to Gauge its Future Outlook

    Teekay LNG Partners (TGP) has a total fleet of 87 vessels, out of which 27 vessels are newbuilds under construction. The active fleet of 60 vessels consists of 29 LNG carriers, 21 LPG carriers, and eight conventional tankers.

    By Sue Goodridge
  • uploads///Debt
    Earnings Report

    Euronav’s Financial and Liquidity Position after Its 3Q16 Results

    On September 30, 2016, Euronav (EURN) had long-term debt of ~$1.0 billion. This increased from $952 million at the start of the year.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    What Analysts Project for Ensco’s Revenue and EBITDA in 3Q17

    Ensco’s (ESV) estimated $457 million in revenues in 3Q17 would be a 16.6% fall year-over-year, similar to 2Q17 revenue of $457 million.

    By Sue Goodridge
  • uploads///tanker _
    Earnings Report

    What to Expect from GasLog Partners’ Upcoming 1Q18 Results

    GasLog Partners (GLOP) plans to release its 1Q18 results before the market opens on April 27.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    GasLog Partners’s 4Q16 Revenues Up 12% from 3Q16

    GasLog Partners’s (GLOP) fiscal 2016 revenues totaled $228 million—higher than its revenues of $200 million recorded in 2015.

    By Sue Goodridge
  • uploads///GLOG
    Miscellaneous

    Morgan Stanley Upgrades GasLog

    In June 2017, Morgan Stanley upgraded GasLog (GLOG) to “overweight” from “equal weight.”

    By Sue Goodridge
  • uploads///Analyst REcco
    Energy & Utilities

    Offshore Drillers: Analyzing Target Price Revisions

    Wells Fargo raised the target price for Transocean (RIG) to $11 from $9.5. Simmons and Cowen and Company raised Transocean’s target price to $11.

    By Sue Goodridge
  • uploads///offshore drillers
    Energy & Utilities

    Week 50: Offshore Drilling Update

    In the week ending December 15, 2017, offshore drilling stocks had mixed returns. Seadrill was the best performer, while Ensco was the worst performer.

    By Sue Goodridge
  • uploads///BDTI
    Macroeconomic Analysis

    How Crude Tanker Stocks Fared before the Holidays

    Week 51 was a mixed bag for crude oil tanker investors. DHT Holdings (DHT) was the top performer, and Nordic American Tankers (NAT) and Frontline (FRO) were the worst.

    By Sue Goodridge
  • uploads///ecbcbadafdbcecdfa
    Company & Industry Overviews

    Seadrill Makes an Important Announcement Before Its 2Q17 Results

    Seadrill (SDRL) plans to release its 2Q17 results on August 24. In 1Q17, Seadrill’s revenues totaled $569 million, nearly 14.6% lower than its 4Q16 revenues of $667 million.

    By Sue Goodridge
  • uploads///Week _BDTI
    Miscellaneous

    Week 28: Crude Tanker Stocks Had a Good Run

    In week 28, which ended on July 14, 2017, the BDTI fell from 649 to 644—the fourth consecutive week that the BDTI has fallen.

    By Sue Goodridge
  • uploads///capex
    Earnings Report

    GasLog’s Newbuilds: What Investors Must Know

    GasLog (GLOG) has eight newbuilds in the pipeline. Of these, four will be delivered in 2016, and four will be added to the company’s fleet in 2017 and 2018.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Tsakos Energy Navigation’s Revenue Fell in 3Q16

    Tsako posted revenue of $109 million in 3Q16—9% lower than last quarter’s revenue of $120 million and 23% lower than $141 million recorded in 3Q15.

    By Sue Goodridge
  • uploads///russia __
    Energy & Utilities

    Seadrill: Best Performer among Peers Last Week

    Offshore drilling stocks had mixed returns in Week 30, which ended July 27. The best performer was Seadrill (SDRL).

    By Sue Goodridge
  • uploads///freighter _
    Energy & Utilities

    How Offshore Drilling Stocks Performed Last Week

    Most offshore drilling stocks traded in the green in the week ended July 13. The best performer during the week was Noble.

    By Sue Goodridge
  • uploads///BDTI_Week
    Miscellaneous

    Week 44: Weekly Crude Tanker Industry Update

    In week 44, many of the crude tanker stocks traded in the red. Only Frontline and Navios Maritime Midstream Partners traded in the green.

    By Sue Goodridge
  • uploads///ATW_ESV combined fleet
    Company & Industry Overviews

    Analyzing Ensco’s Acquisition of Atwood

    Last week Ensco (ESV) announced its decision to acquire Atwood Oceanics (ATW) in an all-equity transaction.

    By Sue Goodridge
  • uploads///revenue
    Earnings Report

    Mapping Navios Maritime Midstream’s 1Q17 Revenue Decline

    Navios Maritime Midstream Partners’ (NAP) 1Q17 revenue fell to $21.1 million, as compared to $24.15 million in 1Q16.

    By Sue Goodridge
  • uploads///EURN
    Miscellaneous

    Analysts’ Consensus Recommendation for Euronav: A ‘Buy’

    Currently, 13 analysts have given recommendations for Euronav (EURN). The consensus rating on the stock is 2.2, which means a “buy.”

    By Sue Goodridge
  • uploads///BDTI
    Macroeconomic Analysis

    BDTI, Crude Tanker Stock Prices Inch Higher in Week 22

    The BDTI stood at 739 on June 7, 2016. For the week ending June 3 (Week 22), the BDTI rose to 759 from 735 at the beginning of the week.

    By Sue Goodridge
  • uploads///Analyst recco
    Earnings Report

    Have Analysts Changed Their Recommendations for PACD after 3Q16?

    After Pacific Drilling released its 3Q16 earnings, no Wall Street analysts either upgraded or downgraded its stock, unlike Diamond Offshore and Rowan Companies.

    By Sue Goodridge
  • uploads///Expenses
    Earnings Report

    Rowan Companies Lowers Its 2018 Cost Guidance

    Rowan Companies’ (RDC) direct operating costs, excluding rebillable items, were $140 million in 1Q18, below its guidance of $150 million–$160 million.

    By Sue Goodridge
  • uploads///Auto
    Macroeconomic Analysis

    China’s Auto Sales Rise 8.8%: The Impact on Crude Oil Tankers

    China’s (MCHI) auto sales for the first two months of 2017 were 8.8% higher than sales for the same period in 2016.

    By Sue Goodridge
  • uploads///Oil Rig
    Earnings Report

    Estimates and Recommendations for Ensco ahead of 1Q18 Earnings

    Of the 32 analysts covering Ensco (ESV), 44% recommend a “buy” or equivalent for the stock.

    By Sue Goodridge
  • uploads///Analyst ratings
    Company & Industry Overviews

    Analysts Upgrades, Downgrades, and Other Changes for Offshore Drilling

    Of the 34 analysts covering Diamond Offshore, two analysts gave it a “buy” recommendation, 18 analysts gave it a “hold,” and 14 analysts gave it a “sell.”

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Teekay Tankers’ Earnings: How Do They Compare?

    In the first quarter, Teekay Tankers’ EBITDA fell to $80.9 million, from $83.9 million in the previous quarter.

    By Sue Goodridge
  • uploads///Outlook
    Earnings Report

    Rowan’s Take on Offshore Drilling after 1Q17

    In its 1Q17 conference call, Rowan Companies (RDC) shared its outlook on the offshore drilling market.

    By Sue Goodridge
  • uploads///Tanker Prices
    Miscellaneous

    VLCC Prices Rose First Time in 2017

    Newbuild VLCC (very large crude carrier) prices rose in May 2017, and this is the first time we’ve seen a rise in prices this year.

    By Sue Goodridge
  • uploads///Costs
    Earnings Report

    Transocean’s Cost Guidance for 1Q18 and 2018

    In 4Q17, Transocean’s (RIG) costs increased. With a fall in revenue, Transocean’s drilling-to-revenue ratio rose to 66% in 4Q17 from 46% in 3Q17.

    By Sue Goodridge
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