Noble Corp PLC

Latest Noble Corp PLC News and Updates

  • 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///Broker Recommendations
    Earnings Report

    Wall Street’s Forecasts for Transocean after 4Q15 Earnings

    Now that Transocean has released its 4Q15 earnings, a whopping 56% of analysts have recommended a “sell.”

    By Alex Chamberlin
  • 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///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///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
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    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///Analyst recco
    Earnings Report

    The Word on the Street: What Analysts Recommend for Transocean after 1Q16

    Of the 38 analysts covering Transocean, 5% have given it a “buy” recommendation, while 32% have given it a “hold,” and 63% have recommended a “sell.”

    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
    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///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///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///capex
    Earnings Report

    What Do Transocean’s Capex and Liquidity Forecasts Tell Us?

    In 1Q16, Transocean (RIG) had cash flow from operations of $631 million, which was lower than the $960 million it had in 4Q15.

    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///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
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    Company & Industry Overviews

    Oilfield Services Stocks Fell the Most in the Energy Sector

    On November 30–December 7, Superior Energy Services (SPN) 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
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    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///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///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///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///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///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///gulf _
    Miscellaneous

    Analysts Love Ensco: A Closer Look

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

    By Sue Goodridge
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    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///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///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///Returns
    Company & Industry Overviews

    Why Did Baker Hughes Underperform the Industry ETFs?

    Oilfield equipment and services companies like Baker Hughes (BHI) are affected by rig counts and energy prices. In the past year, West Texas Intermediate crude oil prices have dropped ~16%.

    By Alex Chamberlin
  • uploads///Sector Performances of SPYs Component Sectors
    Macroeconomic Analysis

    Component Sectors of SPY Continued Their Upward Trend

    The past week saw one of the worst market performances in the US since the 2008 recession.

    By Renee Blakely
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    Company & Industry Overviews

    Noble: Floaters Suffered More than Jack-Ups for the First Time

    For Noble Corporation, 63% of total revenue comes from ultra-deepwater floaters. Also, 16% of revenue comes from deepwater floaters and 21% from jack-ups.

    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///p
    Energy & Utilities

    Why Oilfield Services Stocks Led the Energy Space Last Week

    Between September 14 and 21, upstream stock Southwestern Energy Company (SWN) gained the most on our list of energy stocks.

    By Rabindra Samanta
  • 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///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
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    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
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    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

    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///Technical Indicators
    Company & Industry Overviews

    Offshore Drilling Companies’ Technical Indicators

    Earlier in this series, we analyzed and compared the business fundamentals of different offshore drilling companies. Now we’ll look at the technical indicators for these offshore drillers (XLE).

    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

    Top Energy Gainers Last Week

    On July 6–13, upstream stock Sanchez Energy (SN) saw the highest gain on our list of energy stocks.

    By Rabindra Samanta
  • 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///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///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
  • Why Rising Oil Prices Should Boost Oil Services Companies
    Industrials

    Why Rising Oil Prices Should Boost Oil Services Companies

    Research conducted here at VanEck has identified that oil price and the S&P 500 Index can be used to explain most of the performance of oil services stocks historically.

    By VanEck
  • 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///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///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///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///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///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///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///ESV
    Energy & Utilities

    Is Analyst Sentiment toward Ensco Turning Bullish?

    Of the 32 analysts covering Ensco, 47% recommend a “buy” or some equivalent for ESV stock.

    By Sue Goodridge
  • 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///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///DO_Estimates
    Energy & Utilities

    Why Analysts Expect a Rise in Diamond Offshore’s 3Q17 Revenue

    Previously in this series, we saw that most analysts rate Diamond Offshore Drilling (DO) a “hold.” In this part of our series, we’ll see how analysts view Diamond Offshore Drilling’s 3Q17 revenues and EBITDA.

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

    Whiting Petroleum Was the Top Energy Gainer Last Week

    On September 8–15, 2017, upstream company Whiting Petroleum (WLL) outperformed the energy sector stocks.

    By Rabindra Samanta
  • uploads///Expenses
    Earnings Report

    Seadrill’s 2Q17 Costs Up and EBITDA Down

    As the chart below shows, Seadrill’s (SDRL) vessel operating expenses fell $22 million from $243 million in 2Q16 to $226 million in 2Q17.

    By Sue Goodridge
  • uploads///Highlights
    Earnings Report

    What Investors Should Know about Seadrill’s Latest Contracts

    A company’s backlog helps gauge its future revenue. On August 24, 2017, Seadrill (SDRL) had a backlog of $3.1 billion.

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

    Jefferies and Credit Suisse Cut Diamond Offshore’s Target Price

    In this article, we’ll look at the recent changes analysts have made to Diamond Offshore Drilling’s target prices and recommendations.

    By Sue Goodridge
  • uploads///NE_Estimates
    Miscellaneous

    Noble’s Revenue Is Expected to Fall 68% in 2Q17

    The estimated decline in Noble’s revenue is mostly due to poor industry conditions and the company’s comparatively weak backlog.

    By Sue Goodridge
  • uploads///Backlog
    Earnings Report

    Where Does Seadrill’s Backlog Stand amid the Current Downturn?

    On May 24, 2017, Seadrill (SDRL) had a backlog of $3.4 billion, which is higher than its backlog of $2.5 billion on February 28.

    By Sue Goodridge
  • uploads///oil price forecast
    Company & Industry Overviews

    When Offshore Drillers Foresee an Industry Recovery

    In the previous part of this series, we saw that President Donald Trump is preparing an executive order that will open new areas of the Arctic and Atlantic oceans to oil and gas drilling.

    By Sue Goodridge
  • uploads///credit rating
    Earnings Report

    Diamond Offshore’s Views on Issuing Equity and Debt Buyback

    Leverage During this downturn, it’s very important to determine whether Diamond Offshore Drilling (DO) is in a position to pay off its short-term and long-term debt with its operational cash flow. A company failing to do so has a higher chance of declaring bankruptcy. Leverage magnifies risk in a sluggish market. We’ll examine Diamond Offshore’s financial […]

    By Sue Goodridge
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    Earnings Report

    Analysts’ Take on Noble Energy’s 4Q16 Results

    Noble Energy (NE) is scheduled to release its 4Q16 results after the market closes on February 9, 2017. A conference call will follow on February 10, 2017.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Seadrill’s Revenue Falls 25% Year-over-Year

    In 3Q16, Seadrill’s revenue was $743 million, nearly 14% lower than its revenue of $868 million in 2Q16 and 25% lower than its revenue of $985 million in 3Q15.

    By Sue Goodridge
  • uploads///oil
    Earnings Report

    Seadrill’s Management on the Offshore Drilling Outlook

    In this article, we’ll examine Seadrill’s (SDRL) 3Q16 conference call insights regarding the current developments in the offshore drilling (OIH) space.

    By Sue Goodridge
  • uploads///Capex
    Earnings Report

    Will Diamond Offshore Have Positive Free Cash Flow?

    For the first nine months of 2016, Diamond Offshore (DO) had a cash flow from operations of $491 million, compared to $466 million in the same period last year.

    By Sue Goodridge
  • uploads///revenue
    Earnings Report

    Why Is Transocean’s Revenue Expected to Fall?

    Wall Street analysts estimate revenue of just over $870 million in 3Q16 for Transocean (RIG). It would be a steep fall from revenue of $943 million in 2Q16.

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

    Returns of Utility Stocks with High and Low Implied Volatility

    Southern Company (SO) has the lowest implied volatility figure of all the utility companies. Its YTD returns are 11.6%. Its five-day returns are 2.5%.

    By Rabindra Samanta
  • uploads///Utilization
    Macroeconomic Analysis

    What Rig Utilization Rate Shows for Offshore Drilling’s Future

    The utilization rate is an important indicator to gauge demand and activity in the offshore drilling industry. A rising utilization rate hints at positive performance.

    By Sue Goodridge
  • uploads///Backlog
    Earnings Report

    What Seadrill’s Backlog Reveals about Its Future Revenue

    As of August 24, 2016, Seadrill (SDRL) had a backlog of $3.6 billion compared to $4.3 billion in the previous quarter.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Transocean’s Revenue Took a Free Fall in 2Q16

    Transocean’s (RIG) drilling revenue for 2Q16 was $918 million, nearly 17% lower than $1.1 billion in the previous quarter and 48% lower than the $1.8 billion in revenue in 2Q15.

    By Sue Goodridge
  • uploads///Capex
    Earnings Report

    Noble Reduces Its Capital Expenditure Forecast

    In 2Q16, Noble Corporation (NE) had a cash flow from operations of $862 million, compared to $175 million in 1Q16 and $767 million in 2Q15.

    By Sue Goodridge
  • uploads///cold stack
    Earnings Report

    Is More Rig Scrapping in Store for Diamond Offshore?

    Diamond Offshore Drilling cold stacked one rig in 1Q16. This brings the company’s total cold stacked rigs to 15%–50% of the total fleet.

    By Sue Goodridge
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