Diamond Offshore Drilling Inc

Latest Diamond Offshore Drilling Inc News and Updates

  • 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///SI
    Miscellaneous

    Short Interest: Analyzing How It Impacts OFS Stocks

    Tidewater’s (TDW) short interest-to-equity float ratio is 40.1%—the highest among the OFS stocks that are part of the VanEck Vectors Oil Services ETF (OIH).

    By Rabindra Samanta
  • 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///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

    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///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///OFS SI
    Miscellaneous

    Which Oilfield Services Stocks Lead in Short Interest?

    Currently, Diamond Offshore Drilling’s (DO) short interest-to-equity float ratio is 32.1%, the highest among the oilfield services stocks that are part of the VanEck Vectors Oil Services ETF (OIH).

    By Rabindra Samanta
  • 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///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///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///Fleet
    Company & Industry Overviews

    A Review of Floaters and Jack-Up Fleets for Offshore Drillers

    Seadrill and Diamond Offshore have more than 20 floaters in their fleets. Ensco and Rowan Companies have more jack-ups in their fleets than peers have.

    By Sue Goodridge
  • uploads///OFS SI
    Miscellaneous

    OFS Stocks with High Short Interest: Do You Own Any of Them?

    Currently, Diamond Offshore Drilling’s (DO) short interest-to-equity float ratio is 30.5%. It’s the highest among the OFS stocks that are part of OIH.

    By Rabindra Samanta
  • uploads///drilling permits
    Company & Industry Overviews

    The 2010 Gulf Oil Spill Tragedy and Its Aftermath across the Industry

    The marine oil spill in April 2010 was the worst environmental disaster in US history, causing millions of barrels of oil gushed into the Gulf.

    By Sue Goodridge
  • uploads///Chart
    Macroeconomic Analysis

    First Solar Clinches Top SPY Position

    First Solar (FSLR) rose 5.7% yesterday after 195 nations attending the Paris climate change conference reached a historic agreement to cut emissions to address climate change.

    By Renee Blakely
  • 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///Historical Valuation
    Company & Industry Overviews

    Explaining Diamond Offshore Drilling’s Historical Valuation

    In the first three quarters of fiscal 2015, Diamond Offshore Drilling’s net debt continued to rise while its share price fell sharply.

    By Alex Chamberlin
  • uploads///Crude oil rig
    Energy & Utilities

    Why the US Crude Oil Rig Count Is Slowing

    Baker Hughes reported that the US crude oil rig count fell by five to 744 on September 15–22, 2017. Rigs fell for the third straight week.

    By Gordon Kristopher
  • uploads///APA Operating Revenues
    Company & Industry Overviews

    How Could Lower Production Impact Apache Corporation’s Revenues?

    Excluding the effect of hedges, Apache Corporation’s (APA) average realized crude oil (USO) price in 4Q15 was $38.86 per barrel, down ~45% from $70.81 per barrel in 4Q14.

    By Nicholas Chapman
  • 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
    Earnings Report

    Transocean Secured New Contracts

    As of July 25, 2017, Transocean (RIG) had a backlog of $10.2 billion—compared to $10.8 billion in April 2017.

    By Sue Goodridge
  • uploads///Oil Production
    Company & Industry Overviews

    Extracting the Basics: An Introduction to Offshore Drilling

    Oil is one of the most important and most frequently traded commodities, and offshore drilling is an integral part of the oil industry.

    By Sue Goodridge
  • uploads///SI
    Miscellaneous

    Why Do These OFS Stocks Look Weak?

    Diamond Offshore’s short-interest-to-equity float ratio is currently 40.7%—the highest among the OFS constituents of the VanEck Vectors Oil Services ETF (OIH).

    By Rabindra Samanta
  • uploads///supply outage
    Macroeconomic Analysis

    Is the Supply Side of the Crude Oil Market Rebalancing?

    Citigroup estimates that global crude oil supply outages could currently be around 3.5 MMbpd (million barrels per day).

    By Gordon Kristopher
  • uploads///Revenue
    Earnings Report

    Which Rig Type Has Been Performing Best for Transocean?

    Transocean’s drilling revenue for 1Q16 was $1.34 billion, ~28% lower than the $1.85 billion in 4Q15 and 34% lower than the $2 billion in revenue in 1Q15.

    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///Bargaining Power Final
    Company & Industry Overviews

    Is the Customer the King in Offshore Drilling?

    The bargaining power of offshore drilling customers is influenced by oil prices and utilization rates. When oil prices are high, rig capacity goes down.

    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///Ratings_SDRL
    Energy & Utilities

    Seadrill: Why No ‘Buy’ Recommendations?

    Majority recommends “sell” Currently, 28 analysts give recommendations on Seadrill (SDRL). Of these, none have given a “buy” recommendation on the stock. Six analysts have given a “hold” recommendation, and 22 have a “sell” recommendation. The consensus target price is $1.78, which implies a downside of 17%. Like Seadrill, Ocean Rig (ORIG) does not have […]

    By Sue Goodridge
  • uploads///Returns OFS
    Miscellaneous

    Why Short Traders Should Look at These Oilfield Services Stocks

    Diamond Offshore Drilling’s short-interest-to-equity float ratio is currently 30.5%—the highest among the OFS stocks that are part of OIH.

    By Rabindra Samanta
  • uploads///Crude oil rigs
    Energy & Utilities

    US Crude Oil Rigs Rose the Most since June 2017

    Baker Hughes released its weekly oil and gas rig count report on November 10. It estimated that US oil rig counts rose by nine to 738 on November 3–10.

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

    Energy Stocks: Last Week’s Top Gainers

    Between August 18 and 25, 2017, CVR Energy (CVI) was the largest gainer among our list of energy stocks.

    By Rabindra Samanta
  • 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///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///befdaaadebefbffbbb
    Company & Industry Overviews

    Pemex Terminates the Contract on West Pegasus with Seadrill

    On August 22, Seadrill reported that it received a contract termination notice for its contract with Pemex Exploration Servicios on the rig West Pegasus.

    By Sue Goodridge
  • uploads///OPEC crude oil production may
    Macroeconomic Analysis

    OPEC’s Crude Oil Production and Strategy Ahead of Its Meeting

    A Bloomberg survey reported that that OPEC’s crude oil production increased by 484,000 bpd to 33.2 MMbpd in April 2016—compared to the previous month.

    By Gordon Kristopher
  • uploads///Capex
    Earnings Report

    Understanding Ensco’s Capital Expenditure Plans

    In the first three months of 2017, Ensco saw cash flows from operations of $104 million, as compared to $233 million in 1Q16.

    By Sue Goodridge
  • uploads///SI
    Miscellaneous

    Why These Oilfield Services Stocks Could Mean Trouble

    High short interest in stocks such as Carbo Ceramics, Seadrill, and Noble could explain why they also have high implied volatilities.

    By Rabindra Samanta
  • uploads///OFS SI
    Miscellaneous

    Could These OFS Stocks Be a Concern for You?

    CARBO Ceramics’ (CRR) short interest-to-equity float ratio is 28.6%—the highest among the OFS (oilfield equipment and services) stocks that are part of OIH.

    By Rabindra Samanta
  • 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///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///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///EV to EBITDA
    Company & Industry Overviews

    Must-Know Relative Valuation for Offshore Companies

    In terms of relative valuation, Rowan Companies (RDC) is currently trading at a 5.12 forward EV-to-EBITDA multiple as compared to the median industry multiple of 5.88.

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

    Jack-Ups, Floaters among Seadrill’s Revenue Drivers

    In 2Q16, almost 70% of Seadrill’s total revenue came from the floater segment.
    This segment’s revenue for fiscal 2Q16 was $610 million.

    By Sue Goodridge
  • uploads///Free Cash Flow
    Company & Industry Overviews

    Will Pacific Drilling’s Investors Have Positive Free Cash Flow after 4Q15?

    Analysts estimate that Pacific Drilling will have a free cash flow of -$16 million in the 2H15, compared to the $106 million it had in the 1H15.

    By Sue Goodridge
  • uploads///Labor participation
    Macroeconomic Analysis

    The Labor Market Is Good, but Slack Remains

    Slack in the labor market implies that the available workforce is being underutilized. One of the indicators pointing to slack is the labor force participation rate.

    By David Ashworth
  • uploads///EBITDA
    Earnings Report

    Analyst Estimates for Seadrill’s 3Q16 Earnings

    Earnings estimates As we saw in the previous part, Wall Street analysts estimate Seadrill’s 3Q16 revenue will be 17% lower than the previous quarter’s revenue. However, analysts expect a 30% drop in its 3Q16 EBITDA (earnings before interest, tax, depreciation, and amortization). Analysts estimate Seadrill’s EBITDA will be $392 million in 3Q16, compared with $557 […]

    By Sue Goodridge
  • uploads///capital exp
    Earnings Report

    What Are Ensco’s Capex Plans for Newbuilds through 2019?

    In the first half of 2016, Ensco (ESV) had cash flow from operations of $800 million compared to $891 million in the same period last year.

    By Sue Goodridge
  • uploads///Net Debt to EBITDA
    Earnings Report

    Will Diamond Offshore’s Financial Health Further Deteriorate?

    Due to the deteriorating leverage and liquidity position, Standard & Poors lowered Diamond Offshore’s credit rating from A- to BBB+ in April 2015.

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

    Why Noble Corp.’s fleet structure is crucial to its business

    Like many of its competitors, Noble possesses a diversified fleet of rigs that are best suited to different situations and environments.

    By Christopher McNew
  • uploads///Revenue
    Earnings Report

    How Ensco’s Segments Performed in 2Q16

    Ensco’s (ESV) revenue from continuing operations was $909 million in 2Q16, a 12% increase from 1Q16. Revenues exceeded the company’s guidance.

    By Sue Goodridge
  • 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///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///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///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///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///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///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///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///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///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///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///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///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///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///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
    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///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///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///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///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

    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

    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///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///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///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///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///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
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