Diamond Offshore Drilling Inc

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  • uploads///pumpjack _
    Company & Industry Overviews

    Upstream Stocks Were the Energy Space’s Top Gainers Last Week

    In the week that ended on April 5, upstream stock Denbury Resources (DNR) rose the most among the stocks in the energy space.

    By Rabindra Samanta
  • uploads///ESV
    Energy & Utilities

    Jefferies and Susquehanna Revised Target Prices for Ensco

    In Week 30, which ended on July 27, analysts revised their target prices for Ensco after its second-quarter results.

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

    Must-Know Highlights from Transocean’s Q2 2018 Results

    Transocean (RIG) released its second-quarter results yesterday after the markets closed. Let’s take a look.

    By Sue Goodridge
  • uploads///Backlog to Revenue
    Earnings Report

    Analyzing Ensco’s Backlog and Contracts

    As of June 30, Ensco (ESV) had a total contracted backlog of $2.3 billion—compared to $2.8 billion as of December 31, 2017.

    By Sue Goodridge
  • uploads///Leverage
    Earnings Report

    Ensco’s Capex Guidance for the Second Half of 2018

    In the first half of 2018, Ensco had negative cash flows from operations of $18 million—compared to its positive cash flow of ~$130.5 million the previous year.

    By Sue Goodridge
  • uploads///matt hardy  unsplash
    Earnings Report

    Why Diamond Offshore Stock Rose More than 5% this Morning

    Diamond Offshore released its second-quarter results today before the markets opened. Let’s take a look.

    By Sue Goodridge
  • uploads///oil rig _
    Earnings Report

    What You Need to Know before Transocean’s Q2 2018 Earnings

    Transocean (RIG) is set to release its second-quarter results today after the markets close. Let’s see what analysts expect.

    By Sue Goodridge
  • uploads///oil rig sea oil gas drill
    Earnings Report

    Ensco Is Trading in the Green after Three Years

    Ensco stock is finally trading in the green in 2018. As of July 24, Ensco has a YTD (year-to-date) return of 14.2%.

    By Sue Goodridge
  • uploads///Backlog to Revenue
    Energy & Utilities

    Transocean’s New Contracts with ConocoPhillips and Chevron

    Transocean’s (RIG) ultra-deepwater semi-submersible GSF Development Driller I has secured an 11-well contract with Chevron (CVX) in Australia.

    By Sue Goodridge
  • uploads///oil rigs
    Energy & Utilities

    US Crude Oil Rigs Approach a Two-Month Low—What’s Next?

    Active WTI crude oil futures decreased 1.0% to $70.46 per barrel from July 13 to July 20.

    By Gordon Kristopher
  • uploads///NE
    Energy & Utilities

    Four Analysts Revised Target Prices for Offshore Drilling Companies

    In Week 28, RBC Capital, BMO, Evercore, and Susquehanna revised target prices for offshore drilling companies.

    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///Analyst Recco
    Company & Industry Overviews

    Diamond Offshore Has the Most ‘Sell’ Ratings among Peers

    In this part of our series, we’ll compare Wall Street analysts’ consensus ratings for the offshore drilling companies we’ve been analyzing.

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

    Comparing Offshore Drilling Companies’ Liquidity

    Along with a company’s long-term solvency, it’s important to look at its liquidity position.

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

    Which Offshore Drillers Have the Highest and Lowest Leverage?

    Offshore drilling (XLE) companies are capital-intensive, so looking at their financial leverage is very important. The debt-to-equity ratio and net debt-to-EBITDA ratio show these companies’ financial leverage.

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

    Transocean Has the Highest Backlog among Its Peers

    In the last part of this series, we saw which offshore drillers had the highest and lowest falls in their backlogs. In this article, we’ll compare offshore drillers’ backlogs versus their revenues.

    By Sue Goodridge
  • uploads///Drilling Rig
    Company & Industry Overviews

    Transocean: The Lowest Drop in Backlog among Peers

    Toward the end of 2014, oil prices took a dip and the offshore drilling industry entered into a brutal downturn. Since then, offshore drilling companies have had a hard time securing contracts.

    By Sue Goodridge
  • uploads///oil rig
    Energy & Utilities

    US Crude Oil Rig Count Hits a Three-Year High

    Baker Hughes, a GE company (BHGE), published its US crude oil rig count report on July 6, indicating that the US crude oil rig count rose by five last week to 863, its highest level since March 2015.

    By Gordon Kristopher
  • uploads///P
    Energy & Utilities

    The Top Energy Decliners in the Week Ended July 6

    During the week ended July 6, US crude oil August futures and natural gas August futures fell 0.5% and 2.3%, respectively.

    By Rabindra Samanta
  • uploads///falling _
    Energy & Utilities

    Why Seadrill Stock Fell 52% on July 2

    Seadrill (SDRL) stock fell to a 52-week low of $0.10 on July 2—a fall of 52.5% from the previous day’s closing price.

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

    Eight Target Price Revisions for Transocean

    On June 21, Jefferies raised Transocean’s (RIG) target price to $15 and maintained a “buy” rating for the stock.

    By Sue Goodridge
  • uploads///Drilling Rig
    Energy & Utilities

    A Close Look at the International Offshore Rig Count

    In May, the international offshore rig count was 198, up by four from 194 in April.

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

    Why Offshore Drilling Stocks Rose 7%–11% Yesterday

    Yesterday, US crude oil surged 3.2% to close at $72.76 per barrel—the highest level since November 2014. Oil prices rose after a significant drop in US crude oil supplies.

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

    Jefferies Revises Ratings and Target Prices for Offshore Drillers

    In Week 25, which ended June 22, Jefferies downgraded one offshore driller and revised the target prices for others.

    By Sue Goodridge
  • uploads///Oil Rig
    Energy & Utilities

    On June 22, Offshore Drilling Stocks Rose on Volume Spike

    On June 22, three offshore drilling stocks traded at unusually high volumes, which led to prices rising.

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

    Offshore Drillers: Analysts’ Second-Quarter Revenue Estimates

    Transocean’s (RIG) estimated second-quarter revenues are $764.5 million—15% above the previous quarter and 7.5% higher YoY.

    By Sue Goodridge
  • uploads///EBITDA rev_new logo
    Company & Industry Overviews

    Analyzing Offshore Drilling Companies’ First-Quarter EBITDA

    In the first quarter, Ensco’s EBITDA fell to $91.3 million from $98.4 million in the fourth quarter of 2017. The first-quarter EBITDA was 45.3% lower YoY.

    By Sue Goodridge
  • uploads///oil rig sea oil gas drill
    Company & Industry Overviews

    Comparing Ensco’s Backlog with Transocean and Diamond Offshore

    As of March 31, Ensco (ESV) had a total contracted backlog of $2.7 billion—compared to $3.8 billion as of December 31, 2017.

    By Sue Goodridge
  • uploads///Rig Count_
    Energy & Utilities

    Week 24: Where Was the US Offshore Rig Count Headed?

    The US offshore rig count in Week 24, which ended June 15, was 20, the same as the previous week.

    By Sue Goodridge
  • uploads///oil rig _
    Energy & Utilities

    All Offshore Tanker Stocks Fell in Week 24

    In Week 4, which ended June 15, offshore drilling stocks fell along with oil prices ahead of OPEC ’s meeting scheduled for June 22.

    By Sue Goodridge
  • uploads///NE_Fleet Status_June
    Energy & Utilities

    Analyzing Noble’s June Fleet Status Report

    On June 7, Noble (NE) released its June fleet status report. Most of the offshore drilling companies don’t publish a monthly fleet status report.

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

    Transocean’s Second-Quarter and 2018 Capex Guidance

    In the first quarter, Transocean’s (RIG) cash flow from operations dropped to $103 million from $244 million in the previous quarter.

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

    Transocean’s Second-Quarter and 2018 Cost Guidance

    Transocean’s drilling-to-revenue ratio fell to 64% in the first quarter from 66% in the previous quarter. In the first quarter of 2017, the ratio was also 46%.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    What Factors Will Affect SDLP’s Second-Quarter Revenue?

    In the first quarter, Seadrill Partners’ (SDLP) operating revenue fell to $194.3 million from $256.2 million in the previous quarter.

    By Sue Goodridge
  • uploads///Oil Rig
    Miscellaneous

    Week 21: Offshore Rig Count Is Flat Compared to Previous Week

    Last week, the US offshore rig count was at 19, the same as it was in the previous week.

    By Sue Goodridge
  • uploads///RDC
    Miscellaneous

    Wells Fargo Upgrades Rowan Companies to ‘Outperform’

    RDC’s analyst recommendations Analysts’ consensus rating for Rowan (RDC) is 2.6, which means a “hold.” Peers Transocean (RIG), Diamond Offshore (DO), Noble (NE), and Ensco (ESV) also have “hold” ratings. Of the 31 analysts covering Rowan (RDC), 39% recommend “buy” or some equivalent, 55% recommend “hold,” and 6% recommend “sell.” Among the top offshore drilling stocks […]

    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///Oil Rig
    Energy & Utilities

    Week 19: Offshore Drilling Rig Count Rises by 2

    In the week ended May 11, Rowan Companies and Noble Corporation were the top-performing offshore drilling stocks. Each stock rose ~12%.

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

    Ensco’s Second-Quarter Cost Guidance

    Ensco’s (ESV) drilling expenses were $325 million in the first quarter—up from $278 million in the first quarter of 2017.

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

    Is a Jack-Up Recovery Coming?

    As of March 31, Ensco (ESV) had a total contracted backlog of $2.7 billion—compared to $3.8 billion as of December 31, 2017.

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

    Analysts’ Revisions for Ensco and Rowan Companies

    On April 30, Wells Fargo reduced the target price for Ensco to $5 from $6. In week 17, Susquehanna reduced the target price for Ensco to $5 from $5.5.

    By Sue Goodridge
  • uploads///oil rig sea oil gas drill
    Energy & Utilities

    Week 18: US Offshore Rig Count Rose by 1

    In week 18, Ensco and Seadrill were the best performers among offshore drilling stocks. Diamond Offshore was the worst performer.

    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///Revenue
    Earnings Report

    Digging into Rowan Companies’ 1Q18 Revenue

    Rowan Companies (RDC) has two main operating segments—Ultra-Deepwater Drillships and Jack-Up Drilling Rigs.

    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///Oil Rig
    Company & Industry Overviews

    Offshore Drilling Stocks: Mixed Performances in March

    As of March 29, Ensco’s stock price has dropped 1.1% since the beginning of the month. The stock is trading 53.7% lower than its 52-week high.

    By Sue Goodridge
  • uploads///Week _DO
    Energy & Utilities

    Analysts’ Revisions for Offshore Drilling Stocks

    None of the analysts revised their recommendation or target prices for offshore drilling stocks in week 12.

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

    Ensco’s 4Q17 Earnings Compared to Transocean and Diamond Offshore

    In 4Q17, Ensco’s EBITDA fell to $98.4 million from $149.5 million in 3Q17. The company’s EBITDA was 48% lower than its 4Q16 EBITDA of $190.0 million.

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

    Which Offshore Drilling Company’s Backlog Rose from 4Q17?

    As of February 19, 2018, Transocean (RIG) had a backlog of $12.8 billion—up from $9.4 billion in October 2017.

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

    Why 7 Analysts Revised Rowan Companies’ Target Price

    On March 5, 2018, UBS reduced Rowan Companies’ target price to $17 from $18. On March 2, 2018, Wells Fargo cut the target price to $12 from $16.

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

    Rowan Companies: Fighting the Downturn

    As of December 31, 2017, Rowan Companies has long-term debt of $2.5 billion. The company doesn’t have any debt maturities in 2018.

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

    Rowan Companies’ Provided Its 2018 Capex Guidance

    In 4Q17, Rowan Companies’ (RDC) capital expenditure or capex was $22 million. The capex was lower than the previous estimate.

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

    Dissecting Rowan Companies’ Backlog

    As of February 13, 2018, Rowan Companies (RDC) had a backlog of $456 million—down from $1.7 billion in February 2017.

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

    Rowan Companies’ 1Q18 Cost Guidance

    Rowan Companies’ (RDC) direct operating costs were $166 million in 4Q17—above the previous guidance of $150 million–$160 million.

    By Sue Goodridge
  • uploads///oil rig sea oil gas drill
    Company & Industry Overviews

    Rowan Companies: Analyzing Its 4Q17 Revenue

    Rowan Companies’ total drilling revenue for 4Q17 was $296 million—1.7% higher than $291 million in 3Q17.

    By Sue Goodridge
  • uploads///Oil Rig
    Energy & Utilities

    Week 10: Offshore Drilling Industry Update

    Rowan Companies had the worst YTD returns as of March 9, 2018. The stock has fallen 23.2% since the start of the year.

    By Sue Goodridge
  • uploads///Backlog revised
    Earnings Report

    A Detailed Look at Ensco’s Backlog

    As of December 31, 2017, Ensco (ESV) had a total contracted backlog of $2.8 billion compared to $3.6 billion as of December 30, 2016.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Drilling into Ensco’s 4Q17 Revenues and Expectations for 1Q18

    Ensco expects its 1Q18 revenues to fall 8.0% quarter-over-quarter due to lower revenues from Ensco DS-7 and Ensco DS-6.

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

    Ensco’s Views on the Jack-Up and Floater Segments

    Ensco (ESV) has the highest number of jack-up rigs among its peers.

    By Sue Goodridge
  • uploads///Costs
    Earnings Report

    A Look at Seadrill Partners’ Cost Performance in 4Q17

    Seadrill Partners’ (SDLP) vessel and rig operating expenses fell 3% to $94 million in 4Q17 compared to $96.9 million in 3Q17.

    By Sue Goodridge
  • uploads///Backlog
    Earnings Report

    Seadrill Partners: How the Backlog Looks after 4Q17

    Seadrill Partners’ (SDLP) backlog was $1.5 billion on February 22, 2018. It fell from $1.7 billion in November 2017.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    What Factors Could Affect Seadrill Partners’ 1Q18 Revenue?

    In 4Q17, Seadrill Partners’ (SDLP) total operating revenue fell to $256 million from $276 million in 3Q17.

    By Sue Goodridge
  • uploads///Fleet
    Earnings Report

    Transocean’s Fleet: Rig Additions and Subtractions in 2017

    In 2017, Transocean added two ultra-deepwater newbuild drillships—Deepwater Pontus and Deepwater Poseidon—to its fleet.

    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
  • uploads///Backlog
    Earnings Report

    Transocean’s Backlog and Contracts

    As of February 19, 2018, Transocean (RIG) had a backlog of $12.8 billion—up from $9.4 billion in October 2017.

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Inside Rowan Companies’ 4Q17 Earnings Estimate

    Analysts expect a fall in Rowan Companies’ (RDC) EBITDA (earnings before interest, tax, depreciation, and amortization).

    By Sue Goodridge
  • uploads///DO Analyst Rating
    Energy & Utilities

    Jefferies Revises Target Prices for Diamond Offshore, Noble

    Article focus In this article, we’ll discuss analysts’ target price revisions for offshore drilling companies in Week 8 of 2018 (ended February 23). Revisions in Week 8 Jefferies revised its target prices for two offshore drillers. On February 21, 2018, it reduced the target price for Transocean (RIG) to $12 from 413 and maintained a […]

    By Sue Goodridge
  • uploads///Backlog
    Earnings Report

    Diamond Offshore’s Backlog and Contracts

    As of January 1, 2018, Diamond Offshore Drilling (DO) had a backlog of $2.4 billion—compared to $3.5 billion on January 1, 2017.

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

    Diamond Offshore: Target Prices after Its 4Q17 Results

    On February 13, UBS reduced the target price on Diamond Offshore to $20 from $22. Simmons reduced the target price to $9.35 from $10.

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

    Analyzing Diamond Offshore’s 4Q17 Revenues

    Diamond Offshore Drilling’s total 4Q17 drilling revenue was $338 million—a fall of almost 6% from $357 million in 3Q17.

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

    Drilling Deep into Diamond Offshore’s 4Q17 Results

    Diamond Offshore Drilling’s (DO) total revenue fell 5.4% in 4Q17 to $346 million—compared to $366 million in 3Q17.

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

    Energy Stocks Deviated from Oil’s Gain Last Week

    On February 9–16, upstream stocks Sanchez Energy and Chesapeake Energy were the first and fifth-largest losers on our list of energy stocks.

    By Rabindra Samanta
  • uploads///Drilling permits
    Energy & Utilities

    Shallow Water Drilling Permits Rose, Deepwater Permits Fell

    In December 2017, no drilling permits were issued in the Gulf of Mexico’s shallow waters. In November, one drilling permit was issued.

    By Sue Goodridge
  • uploads///Rigs
    Consumer

    US Natural Gas Rigs Are near September 2017 High

    Natural gas rigs fell by one to 188 on January 19–26, 2018. US natural gas rigs were near the highest level since September 2017.

    By Gordon Kristopher
  • uploads///Backlog to TTM revenue
    Energy & Utilities

    Which Offshore Driller Has the Highest Backlog among Its Peers?

    In this article, we’ll look at offshore drillers’ backlogs in comparison to their revenues.

    By Sue Goodridge
  • uploads///Credit Rating
    Energy & Utilities

    The Offshore Drillers with the Highest and Lowest Credit Ratings

    Among the offshore drillers under our consideration in this series, Diamond Offshore Drilling (DO) has the highest credit rating by Moody’s at “Ba3.”

    By Sue Goodridge
  • uploads///Leverage ratio
    Energy & Utilities

    Comparing Offshore Drillers’ Leverages

    Offshore drilling (IYE) companies are capital intensive, so looking at their financial leverages is very important.

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

    Sink or Swim: Which Offshore Drillers Survived the Downturn?

    Offshore drillers have seen mixed returns on a year-to-date basis. The worst performer has been Rowan Companies, and the best performer has been Ensco.

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

    Rowan Companies: 4Q17 Analyst Estimates and Recommendations

    Of the 33 analysts covering Rowan Companies (RDC), 30% recommend a “buy” or some equivalent for the stock, while 61% recommend a “hold.”

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

    Analyst Recommendations for Transocean before 4Q17 Results

    Of the 34 analysts covering Transocean, 44% recommend a “buy” or some equivalent for the stock, while 32% recommend a “hold.”

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

    Diamond Offshore Drilling: 4Q Analyst Estimates, Recommendations

    Of the 32 analysts covering Diamond Offshore Drilling (DO), only 9% recommend a “buy” or equivalent for the stock.

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

    Barclays Downgrades 2 Offshore Drillers, Revises Target Prices

    On January 24, 2018, Barclays revised its target prices for many offshore drilling stocks (XLE).

    By Sue Goodridge
  • uploads///Change in backlog
    Energy & Utilities

    Noble Corporation’s Latest Fleet Status Report

    At the end of the third quarter, Noble Corporation’s backlog stood at $3.18 billion—down 1% from the previous quarter.

    By Sue Goodridge
  • uploads///RIG Fleet
    Energy & Utilities

    Transocean’s Key Updates Last Week

    On January 18, 2018, Transocean announced that it concluded its shareholder meeting. Shareholders approved the acquisition of Songa Offshore.

    By Sue Goodridge
  • uploads///Inventory and price
    Energy & Utilities

    Will the US Dollar and Inventories Impact Crude Oil Futures?

    March US crude oil (DBO) (UWT) futures contracts increased 1.8% to $65.61 per barrel on January 24, 2018.

    By Gordon Kristopher
  • 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///DO
    Energy & Utilities

    One More Downgrade Comes in for Diamond Offshore

    Of the 32 analysts covering Diamond Offshore (DO), only 9% recommend a “buy” or equivalent for the stock.

    By Sue Goodridge
  • uploads///Crude OIl Prices_Week
    Energy & Utilities

    Week 1: Offshore Drilling Investors Rejoice as Oil Prices Spike

    In the last week, crude oil prices have risen to a three-year high. Antigovernment protests in Iran and a blast of cold weather raised concerns about potential supply disruptions.

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

    Jefferies, Citigroup Revised Their Offshore Stock Recommendations

    In the week ended January 5, 2018, Jefferies and Citigroup revised their target prices and recommendations for offshore drilling stocks.

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

    Offshore Drilling Stocks Start 2018 on a Good Note

    In the week ended January 5, 2018, all offshore drilling stocks traded in the green. Noble Corporation (NE) was the best performer among its offshore drilling peers.

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

    Are US Crude Oil Rigs Impacting Crude Oil Prices?

    US crude oil rigs fell by five or 0.7% to 742 between December 29, 2017, and January 5, 2018. The rigs were near an eight-week low.

    By Gordon Kristopher
  • uploads///Analyst REcco
    Energy & Utilities

    RBC Revised Its Target Prices for Offshore Drillers Last Week

    In this article, we’ll take a look at RBC Capital’s revised target prices for three offshore drillers (IYE).

    By Sue Goodridge
  • uploads///SDRL Restructuring
    Company & Industry Overviews

    Updates on Seadrill’s Restructuring Plan

    Last week, Seadrill (SDRL) received another restructuring proposal. This time, the proposal was from Barclays, which holds Seadrill’s bonds.

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

    US Crude Oil Rigs Could Impact Crude Oil Prices in 2018

    Baker Hughes released its US crude oil rig count report on December 29. It reported that US crude oil rigs were flat at 747 on December 22–29, 2017.

    By Gordon Kristopher
  • uploads///Drilling permits
    Energy & Utilities

    How Many Drilling Permits Were Issued in November?

    In November 2017, one drilling permit was issued in the shallow waters of the Gulf of Mexico.

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

    Analysts Revised Target Prices for These Offshore Drillers in December

    On December 21, 2017, RBC revised the target prices for three offshore drillers.

    By Sue Goodridge
  • uploads///Credit RAting
    Energy & Utilities

    Moody’s Changed Seadrill Partners’ Outlook

    On December 13, 2017, Moodys affirmed the “Caa2” rating on Seadrill Partners (SDLP) and changed the outlook to “stable” from “negative.”

    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///Analyst REcco
    Energy & Utilities

    Analyst Recommendations for Noble, Transocean, and Ensco

    Approximately 29% of the analysts tracking Noble Corporation (NE) stock have recommended a “buy” or some equivalent as of December 13, 2017.

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

    Analyst Recommendations for Top 2 Offshore Drillers in 2017

    The consensus analyst rating for Diamond Offshore Drilling (DO) is 3.34, which means a “hold.” About 9% of the analysts have recommended a “buy” or some equivalent as of December 13, 2017.

    By Sue Goodridge
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