Ensco PLC

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  • uploads///p
    Energy & Utilities

    Top Energy Losses Last Week

    On June 8–15, Whiting Petroleum (WLL) and California Resources (CRC) fell the most on our list of energy stocks.

    By Rabindra Samanta
  • 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///Offshore
    Macroeconomic Analysis

    US Offshore Rig Count Was Steady in the September 18 Week

    In the week ending September 18, 2015, the US offshore rig count didn’t change. The offshore rig counts have averaged 33 over the past eight weeks.

    By Alex Chamberlin
  • uploads///p
    Company & Industry Overviews

    Energy Stocks: Biggest Losses Last Week

    In the week ending May 24, oilfield services stock Nabors Industries (NBR) fell the most among the stocks in the energy space.

    By Rabindra Samanta
  • 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///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///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///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///Returns
    Earnings Report

    Halliburton’s Share Price Drops after Fiscal 4Q15 Earnings Release

    Halliburton’s share price reacted negatively after its fiscal 4Q15 earnings release, falling by 3.9% to $29.28 on the day compared to the day before.

    By Alex Chamberlin
  • 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///OPEC
    Energy & Utilities

    OPEC’s Crude Oil Production Rose in June

    On July 2, a Reuters survey showed that OPEC’s crude oil production increased by 320,000 bpd (barrels per day) to 32,320,000 bpd in June.

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

    What Happened in September in the Offshore Drilling Space?

    The offshore drilling industry experienced many events in the first half of September 2017. Seadrill (SDRL) filed for Chapter 11 bankruptcy.

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

    Saudi Arabia’s Crude Oil Production Could Hit a New Record

    Reuters estimates that Saudi Arabia’s crude oil production increased by 700,000 bpd to 10,700,000 bpd in June—compared to the previous month.

    By Gordon Kristopher
  • uploads///EV EBITDA
    Company & Industry Overviews

    How to Interpret Valuation Multiples in the Offshore Drilling Industry

    Offshore drilling companies are capital-intensive and have varying degrees of financial leverage. Thus, we use the EV-to-EBITDA multiple as a valuation.

    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///offshore drillers_Stock Perf
    Miscellaneous

    Seadrill Stock Fell 32% in Week 21

    Even after week 21’s fall in stock price, Seadrill still has a whopping 82.8% year-to-date return as of May 25.

    By Sue Goodridge
  • 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///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///image
    Miscellaneous

    Analysts Upgrade WTI and Brent Crude Oil Price Forecasts

    WTI crude oil futures increased ~8.6% on June 25–July 2. Expectations of a drop in US crude oil inventories could support oil prices.

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

    Upstream and Oilfield Services Stock Fell Last Week

    On December 7–14, upstream stock Carrizo Oil & Gas (CRZO) fell the most on 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///Iran crude oil production
    Miscellaneous

    Will Crude Oil Futures and S&P 500 Move in the Same Direction?

    February US crude oil (UWT) (USL) futures contracts rose 0.5% to $61.73 per barrel on January 8. Prices are near the highest level since December 2014.

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

    Is President Trump Helping Crude Oil Bulls or Bears?

    WTI crude oil prices fell 8.2% on June 29–July 17. August WTI oil futures contracts rose 0.03% to $68.08 per barrel on July 17.

    By Gordon Kristopher
  • uploads///Backlog_New Logo
    Earnings Report

    Highlights from Ensco’s July Fleet Status Report

    Ensco (ESV) released its quarterly fleet status report on July 19. Ensco 8503 secured a 100-day contract with Talos Energy in the US Gulf of Mexico.

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

    Oilfield Services Stocks: How Implied Volatilities Track Returns

    As of May 1, 2017, Tidewater (TDW) has fallen 90% in the past year.

    By Rabindra Samanta
  • uploads///Performances of various ETFs
    Macroeconomic Analysis

    US Market Buoyant with Rise in Consumer Confidence

    US consumer confidence rose unexpectedly for the month of September. The index rose to 103 in September from 101.3 in August.

    By Renee Blakely
  • 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///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///gulf _
    Miscellaneous

    Analysts Love Ensco: A Closer Look

    In this series, we’ll discuss analysts’ ratings and recommendations for offshore drillers.

    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///aaedcebafaeaffcfef
    Macroeconomic Analysis

    Sharp Fall in Crude Oil Pulled UK Inflation Down to 0

    The ONS stated on Tuesday, September 15, that the annual inflation rate fell back to zero in August. The lower fuel prices are one of the reasons behind it.

    By Renee Blakely
  • uploads///Revenue
    Earnings Report

    How Did Rowan’s Top Line Perform in 2Q16?

    Rowan’s jack-up revenue in 2Q16 fell to $264 million, from $272 million in 1Q16. Its jack-up fleet had 108 higher operating days, but the average day rate declined.

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Inside Transocean’s Outlook after 1Q16

    Transocean does not expect to see a recovery in rig activity before 2017 as customer budgets have been set for 2016 and are unlikely to improve soon.

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

    Improper Stacking Can Weigh Negatively on Noble Corporation

    Cold-stacking rigs reduces costs much more than warm-stacking them. Noble Corporation (NE) seems to be quite reluctant to cold-stack its idle rigs.

    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///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///Offshore rigs
    Macroeconomic Analysis

    US Offshore Rig Count Rose Again Last Week

    In the week ending October 16, 2015, one US offshore rig was added to the previous week’s total, taking the count to 33 rigs.

    By Alex Chamberlin
  • Energy & Utilities

    Must-know: Ocean Rig stock could double over the next year

    I believe this stock could double over the next year from $20 to $40 as it’s rerated due to the lucrative MLP structure.

    By Samuel Madden, CFA
  • 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///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
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    Company & Industry Overviews

    Midstream Stocks Outperformed the Energy Space Last Week

    Last week (ended July 5), midstream stock EnLink Midstream LLC (ENLC) outperformed the energy space. Here’s a summary of midstream stocks’ performance.

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

    Top Gains in the Energy Sector Last Week

    In the week ending on April 26, upstream stock Anadarko Petroleum (APC) 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///Rig Count_
    Energy & Utilities

    US Offshore Rig Count Fell by Two in Week 30

    The US offshore rig count in Week 30, which ended July 27, was 16, one less than the previous week and eight less YoY (year-over-year).

    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///Backlog to Revenue
    Energy & Utilities

    Noble Secures Contract with Encana and Total

    According to Noble’s latest fleet status report, the company has secured two contracts and one contract extension for its jackup rigs.

    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///oil rig sea oil gas drill
    Earnings Report

    Ensco Stock Rose 6% after Its Second-Quarter Results

    Ensco’s second-quarter revenues were 2.45% higher than expected. The company’s EBITDA was 11.6% higher than the consensus estimates.

    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 __
    Energy & Utilities

    Offshore Drilling Rig Count and Stocks Fell in Week 29

    In Week 29, which ended on July 20, all offshore drilling stocks traded in the red. Seadrill (SDRL) fell the most.

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

    How Analysts Rate Noble, Pre-Q2 2018 Results

    Analysts’ consensus rating for Noble is 3.2 on a scale of 1 (“strong buy”) to 5 (“strong sell”), meaning “hold.”

    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///Div Yield
    Company & Industry Overviews

    Comparing Offshore Drilling Companies’ Dividend Yields

    Dividend yield indicates how much a company pays in dividends relative to its share price. It’s calculated as the dollar value of dividends as a percentage of the stock price.

    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///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///zbynek burival  unsplash
    Energy & Utilities

    Week 22: Offshore Rig Count Is Flat from the Previous Week

    Most of the offshore drilling stocks traded in the green in the week ended June 1, returning 3.0%–6.5%.

    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///P
    Energy & Utilities

    Last Week’s Biggest Losses among Energy Stocks

    Between April 20 and April 27, oilfield services stock Ensco (ESV) fell the most on our list of energy stocks.

    By Rabindra Samanta
  • 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///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///p
    Energy & Utilities

    Which Energy Stocks Fell More than the Oil Market Last Week?

    On February 23–March 2, 2018, upstream stock California Resources (CRC) was the largest loser on our list of energy stocks.

    By Rabindra Samanta
  • 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///BS
    Earnings Report

    How Diamond Offshore’s Debt Profile Stands after 4Q17

    As of December 31, 2017, Diamond Offshore had long-term debt of $1.97 billion—compared to $1.98 billion in the previous year.

    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///Dividend yield
    Energy & Utilities

    The Only 2 Offshore Drillers That Still Pay Dividends

    Slumping oil prices have put offshore drillers (IYE) under financial pressure. The first victim of this pressure has been dividends.

    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
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