Noble Corp PLC

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  • uploads///EV EBITDA
    Company & Industry Overviews

    Seadrill Partners: Analyst Recommendations and Valuation

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

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

    Analysts Drop Seadrill Partners from Coverage

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

    By Sue Goodridge
  • uploads///Fleet
    Earnings Report

    What to Expect from Transocean’s 1Q17 Results

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

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

    Pacific Drilling’s Covenants Are Giving It a Hard Time

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

    By Sue Goodridge
  • uploads///Fleet
    Earnings Report

    Transocean: Aggressive in Rig Scrapping and Expansion

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

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

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

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

    By Sue Goodridge
  • uploads///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///crude oil rig count
    Macroeconomic Analysis

    US Crude Oil Rig Count Hit Lowest Levels since 1940s: What’s Next?

    The US crude oil rig count fell by ten to 362 rigs for the week ending April 1, 2016, which is the lowest level since the 1940s.

    By Gordon Kristopher
  • 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
    Energy & Utilities

    US Crude Oil Rigs Are Steady at March 2015 High

    Baker Hughes reported that US crude oil rigs were flat at 863 on July 6–13. The rigs have risen by 98 or ~12.8% year-over-year.

    By Gordon Kristopher
  • uploads///Revenue
    Earnings Report

    A Look at Transocean’s Top Line in 3Q17

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

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

    Why Citi Group Downgraded Diamond Offshore to a ‘Sell’

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

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

    Understanding Atwood Oceanics’ Future Revenues Through Backlog

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

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

    How Has Market Sentiment Changed for Noble?

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

    By Sue Goodridge
  • uploads///Recco
    Earnings Report

    Recent Analyst Changes in Ensco’s Recommendations

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

    By Sue Goodridge
  • uploads///RIG_Ratings
    Miscellaneous

    Transocean Falls 22% YTD—What Analysts Have to Say

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

    By Sue Goodridge
  • uploads///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///ddcbdcebefcbeacea
    Earnings Report

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

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

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

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

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

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

    Seadrill Makes an Important Announcement Before Its 2Q17 Results

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

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

    Analysts Upgrades, Downgrades, and Other Changes for Offshore Drilling

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

    By Sue Goodridge
  • uploads///backlog to revenue
    Company & Industry Overviews

    Transocean Has Highest Backlog of Its Peers

    In an industry downturn, especially like the one offshore drillers are experiencing right now, it’s crucial to have a high backlog.

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

    Transocean and Atwood Were Best Performers among Peers Last Week

    In the week ending September 29, 2017, almost all of the offshore drilling stocks traded in the green.

    By Sue Goodridge
  • uploads///Stock perf
    Macroeconomic Analysis

    Bad News Continuesd for Offshore Drillers in August

    August didn’t bring any good news for the offshore drilling industry. All stocks had negative returns, and no company predicted a turnaround, at least in the near term.

    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
  • Energy & Utilities

    A must-know investor’s guide to off-shore driller Noble Corp. (NE)

    Noble Corporation Plc. (NE) is one of the largest off-shore oil drilling companies in the world, owning the second-largest fleet of Mobile Offshore Drilling Units (or MODUs) in the industry.

    By Christopher McNew
  • 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///Performances of NE BHP RIG versus EWU
    Macroeconomic Analysis

    Basic Material Stocks Top UK Stock Market, EWU Surges 2.31%

    The UK private sector pay rose 4.4%, while the public sector rose 0.6%. This is anticipated to boost the consumer demand in the country.

    By Renee Blakely
  • 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
  • uploads///image
    Miscellaneous

    Analyzing Utility Stocks with the Highest Implied Volatility

    On February 22, NRG Energy (NRG) had the highest implied volatility among the utility companies that make up the Utilities Select Sector SPDR ETF (XLU).

    By Rabindra Samanta
  • uploads///Backlog
    Earnings Report

    A Look at Transocean’s Recent Contracts

    Fleet status report Transocean (RIG) released its quarterly fleet status update on February 9, 2017. Transocean’s backlog was $11.3 billion, compared with $12.2 billion in its October fleet status report. In this article, we’ll take a look at contract updates between these two report dates. Contract updates On December 31, 2016, Transocean’s newbuild ultra-deepwater drillship, […]

    By Sue Goodridge
  • uploads///Change in backlog
    Company & Industry Overviews

    Atwood Oceanics, Noble Suffered the Most in This Area in 2Q16

    The offshore drilling industry works on contracts that range from a few months to years. The contracts specify the timeframe and day rate awarded to a rig.

    By Sue Goodridge
  • uploads///p
    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///US crude oil rig count
    Macroeconomic Analysis

    Will US Crude Oil Rig Count Data Add Pessimism to the Market?

    BHI is scheduled to release its weekly US crude oil rig count report on February 16. The crude oil rig count fell by 30 rigs for the week ending February 5, 2016.

    By Gordon Kristopher
  • 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///Impact of oil prices
    Company & Industry Overviews

    Understanding the Demand Side of the Offshore Drilling Industry

    Offshore drilling contracts are based on a well-to-well basis or on a fixed-period basis and are impacted by the demand and supply dynamics of the rigs.

    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///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///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///return
    Miscellaneous

    OFS Returns: The High Volatility Stocks

    In the past five trading days, Tidewater stock has risen 15.9%—the highest rise among high implied volatility companies.

    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///ATW_ESV combined BS
    Company & Industry Overviews

    How Analysts Reacted to Ensco’s Acquisition

    Analysts had mixed reactions to the offshore drilling industry’s first merger since the downturn started.

    By Sue Goodridge
  • uploads///eaefeaecabdadaad
    Earnings Report

    Noble Beat Analysts’ Estimates in 3Q15

    Noble released its 3Q15 earnings on October 28. Its 3Q15 EBITDA was recorded at $570 million. It beat Wall Street analysts’ consensus estimate of $398 million.

    By Sue Goodridge
  • 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///Performances of EWU and Energy Stocks
    Macroeconomic Analysis

    Buoyant UK Stock Market Rose on Oil Price Rise

    Russia’s meeting with Saudi Arabia regarding oil prices and its willingness to exchange views on the production and pricing strategy had a significant impact on oil prices this week.

    By Renee Blakely
  • 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///DO_Ratings
    Energy & Utilities

    Analysts Revised Target Prices for RIG, RDC, and NE

    In the week ending November 10, 2017, analysts revised target prices for Transocean (RIG), Rowan Companies (RDC), and Noble (NE).

    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///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
    Earnings Report

    Ensco’s Expenses: Dissecting the Cost Side

    Ensco’s (ESV) drilling expenses fell to $278 million in 1Q17, down from $289 million in 4Q16 and $364 million in 1Q16.

    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///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///SDRL_Ratings
    Miscellaneous

    Seadrill: Investors and Analysts Wave Goodbye

    According to Reuters, two analysts recommended a “buy,” five analysts recommended a “sell,” and one analyst recommended a “strong sell” for Seadrill.

    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///Dec Analyst recoo changes
    Macroeconomic Analysis

    Changes in Analyst Recommendations for Offshore Drillers

    In December, RBC downgraded Atwood Oceanics (ATW) from “sector perform” to “underperform.” It raised the target price from $10 to $15.

    By Sue Goodridge
  • uploads///capex
    Earnings Report

    As Noble Takes Delivery of Newbuild, What About Free Cash Flow?

    Noble’s capex requirement for 3Q16 is high with the delivery of its newbuild. So analysts expect free cash flow to be -$376 million in 3Q16.

    By Sue Goodridge
  • uploads///Returns OFS
    Miscellaneous

    What’s behind Oilfield Services Stocks’ High Implied Volatilities?

    Tidewater has fallen 31.7% in the past year. It has the highest implied volatility of all the oilfield services companies that make up OIH.

    By Rabindra Samanta
  • 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///faceeadfbfdf
    Macroeconomic Analysis

    How Did Offshore Drilling Perform in December?

    Offshore driller stocks have risen significantly in December 2016. In this series, we’ll see how oil prices rose after the OPEC deal and how this increase could affect the offshore drilling industry.

    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///Revenue and Net INCOME
    Company & Industry Overviews

    What Is Driving Noble’s Revenues and Earnings?

    In the year preceding fiscal 3Q15, Noble Corporation’s revenue was steady. From fiscal 3Q14 to fiscal 3Q15, Noble’s revenues increased 53%.

    By Alex Chamberlin
  • 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
  • uploads///Revenue
    Earnings Report

    Diamond Offshore Drilling’s 3Q17 Revenue Rose 4.8% Year-over-Year

    Diamond Offshore Drilling’s (DO) 3Q17 revenue was $366 million, a fall of almost 8.2% from $399 million in 2Q17 and a 4.8% rise year-over-year.

    By Sue Goodridge
  • uploads///image
    Miscellaneous

    Why Is Tidewater’s Implied Volatility Up?

    On January 17, 2017, Tidewater (TDW) had the highest implied volatility among the OFS (oilfield equipment and services) companies that are part of the VanEck Vectors Oil Services ETF (OIH).

    By Rabindra Samanta
  • uploads///Restructuring
    Earnings Report

    What Are Seadrill’s Restructuring Plans?

    As of June 30, 2017, Seadrill (SDRL) has a total interest-bearing debt of $9.3 billion, similar to the previous quarter.

    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///Revenue
    Earnings Report

    Analysts Expect 2 Straight Quarters of Rising Revenue for DO

    Wall Street analysts expect revenue of just over $358 million for Diamond Offshore Drilling (DO) in 4Q16. This revenue would represent a rise from DO’s 3Q16 revenue

    By Sue Goodridge
  • 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
  • uploads///jackup floater
    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///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///Revenue
    Earnings Report

    Seadrill Partners’ 3Q17 Revenue Rose: Can It Continue in 4Q17?

    In 3Q17, Seadrill Partners’ (SDLP) operating revenue rose to $277 million from $268 million in 2Q17 after falling for the last five quarters.

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

    What Are Analysts’ Recommendations for Seadrill?

    For Seadrill, two analysts recommended a “buy” and two recommended a “hold.” Five analysts recommended a “sell” and one recommended a “strong sell.”

    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///financial crisis __
    Company & Industry Overviews

    Oilfield Services Stocks Were the Underperformers Last Week

    Last week, oilfield services stock Noble (NE) fell the most among the stocks in the energy space. Other oilfield services stocks Ensco (ESV), Superior Energy Services (SPN), and Nabors Industries (NBR) had the second, third, and fourth largest declines among energy stocks, respectively, last week.

    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///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 _
    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
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