Rowan Companies PLC
Latest Rowan Companies PLC News and Updates
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.
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.
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.
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 […]
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 […]
US Crude Oil Prices Could Pressure Natural Gas Futures
Baker Hughes is scheduled to release its US crude oil and natural gas rig count report on November 11, 2017.
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.
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.
Production Cut Extension Could Influence US Natural Gas Rigs
Baker Hughes, a GE company, is scheduled to release its US crude oil and natural gas rig count report on December 1, 2017.
How Are Offshore Drilling Rig Utilization Rates Trending?
The rig utilization rate has drastically fallen compared to its historical rates. The utilization rate is an important indicator to gauge demand and activity in the offshore drilling industry.
How Offshore and Onshore Drilling Perform when Oil Prices Tumble
Unconventional sources of onshore drilling have started gaining popularity in recent years, but the crude from these sources are costly to produce.
How Geography and Climate Impact Offshore Oil Rig Choices
The majority of offshore operations occur in six key locations worldwide that differ widely in terms of water depth, weather conditions, and remoteness.
Rowan Companies Has Highest Backlog among its Peers
Overall, Rowan Companies (RDC) has a comparatively stronger backlog. Higher backlogs are associated with stable revenues in the short to midterm, which reduces risk for investors.
Which Offshore Driller Is the Most Leveraged?
As the above chart shows, Seadrill (SDRL) has the highest leverage, with a debt-to-asset ratio of 46%. Ensco (ESV) has the second highest ratio at 36%.
Why Is US Business Fixed Investment Subdued?
Business fixed investment represents business spending on plants, equipment, and machines. It forms an important component in the calculation of economic output.