Rowan Companies PLC

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  • uploads///p
    Energy & Utilities

    These Stocks Outperformed the Energy Space Last Week

    Between January 18 and January 25, oilfield services stock Weatherford International rose the most among the energy stocks under review in this series.

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

    US Crude Oil Rigs Approach a Two-Month Low—What’s Next?

    Active WTI crude oil futures decreased 1.0% to $70.46 per barrel from July 13 to July 20.

    By Gordon Kristopher
  • 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///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///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///NG rig
    Energy & Utilities

    US Natural Gas Rigs Are near a Four-Week High

    Baker Hughes reported that US natural gas rigs rose by two to 189 on July 6–13—the highest level since June 15.

    By Gordon Kristopher
  • 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///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///oil rig
    Energy & Utilities

    US Crude Oil Rig Count Hits a Three-Year High

    Baker Hughes, a GE company (BHGE), published its US crude oil rig count report on July 6, indicating that the US crude oil rig count rose by five last week to 863, its highest level since March 2015.

    By Gordon Kristopher
  • 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///gasoline inventory
    Energy & Utilities

    US Gasoline Inventories Help Gasoline Futures

    US gasoline futures rose 0.6% to $2.13 per gallon on July 5 due to the larger-than-expected drop in gasoline inventories.

    By Gordon Kristopher
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    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///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///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///oil _
    Energy & Utilities

    Why Offshore Drilling Stocks Rose 7%–11% Yesterday

    Yesterday, US crude oil surged 3.2% to close at $72.76 per barrel—the highest level since November 2014. Oil prices rose after a significant drop in US crude oil supplies.

    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
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    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
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    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///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///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///ng rig
    Energy & Utilities

    US Natural Gas Rigs Fell to a Ten-Week Low

    Baker Hughes reported that the US natural gas rig count fell by four to 194 on June 8–15—the lowest level since April 13.

    By Gordon Kristopher
  • 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///Backlog
    Earnings Report

    A Look at Seadrill Partners’ Backlog and New Contracts

    Seadrill Partners’ (SDLP) backlog was $1.3 billion on May 24. It fell from $1.5 billion in February.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    What Factors Will Affect SDLP’s Second-Quarter Revenue?

    In the first quarter, Seadrill Partners’ (SDLP) operating revenue fell to $194.3 million from $256.2 million in the previous quarter.

    By Sue Goodridge
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    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
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    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
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    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
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    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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    Energy & Utilities

    Why Seadrill Stock Skyrocketed

    Seadrill stock has skyrocketed. On May 17, the stock rose 26.1% and reached $0.58. The company’s volume increased to 69.3 million shares.

    By Sue Goodridge
  • uploads///Backlog to TTM revenue
    Energy & Utilities

    What You Need to Know about Noble’s May Fleet Status Report

    According to Noble Corporation’s latest fleet status report, the company has secured two new contracts.

    By Sue Goodridge
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    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///Expenses
    Earnings Report

    Rowan Companies Lowers Its 2018 Cost Guidance

    Rowan Companies’ (RDC) direct operating costs, excluding rebillable items, were $140 million in 1Q18, below its guidance of $150 million–$160 million.

    By Sue Goodridge
  • uploads///Revenue
    Earnings Report

    Digging into Rowan Companies’ 1Q18 Revenue

    Rowan Companies (RDC) has two main operating segments—Ultra-Deepwater Drillships and Jack-Up Drilling Rigs.

    By Sue Goodridge
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    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///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
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    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///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
    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
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    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///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///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
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    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///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///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///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///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///Analyst Rating
    Earnings Report

    Diamond Offshore: Target Prices after Its 4Q17 Results

    On February 13, UBS reduced the target price on Diamond Offshore to $20 from $22. Simmons reduced the target price to $9.35 from $10.

    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///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///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
  • 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///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///RIG Fleet
    Energy & Utilities

    This Offshore Driller Has the Most Floaters and Jack-Up Rigs

    Offshore (OIH) exploration and development wells are drilled with the use of rigs. Rigs come in various sizes and with various characteristics.

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

    Rowan Companies: 4Q17 Analyst Estimates and Recommendations

    Of the 33 analysts covering Rowan Companies (RDC), 30% recommend a “buy” or some equivalent for the stock, while 61% recommend a “hold.”

    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///DO
    Energy & Utilities

    Diamond Offshore Drilling: 4Q Analyst Estimates, Recommendations

    Of the 32 analysts covering Diamond Offshore Drilling (DO), only 9% recommend a “buy” or equivalent for the stock.

    By Sue Goodridge
  • uploads///Analyst REcco
    Energy & Utilities

    Barclays Downgrades 2 Offshore Drillers, Revises Target Prices

    On January 24, 2018, Barclays revised its target prices for many offshore drilling stocks (XLE).

    By Sue Goodridge
  • uploads///Change in backlog
    Energy & Utilities

    Noble Corporation’s Latest Fleet Status Report

    At the end of the third quarter, Noble Corporation’s backlog stood at $3.18 billion—down 1% from the previous quarter.

    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///NE
    Energy & Utilities

    Noble’s Analyst Recommendations at the Start of 2018

    Noble (NE) was the third-best performer among top offshore drillers in terms of market returns in 2017.

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

    One More Downgrade Comes in for Diamond Offshore

    Of the 32 analysts covering Diamond Offshore (DO), only 9% recommend a “buy” or equivalent for the stock.

    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///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///Analyst REcco
    Energy & Utilities

    Jefferies, Citigroup Revised Their Offshore Stock Recommendations

    In the week ended January 5, 2018, Jefferies and Citigroup revised their target prices and recommendations for offshore drilling stocks.

    By Sue Goodridge
  • uploads///offshore drillers
    Energy & Utilities

    Offshore Drilling Stocks Start 2018 on a Good Note

    In the week ended January 5, 2018, all offshore drilling stocks traded in the green. Noble Corporation (NE) was the best performer among its offshore drilling peers.

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

    Transocean’s Updates from the Previous Week

    On December 21, 2017, Transocean (RIG) announced that it had secured a 22-well contract for its harsh environment semisubmersible, the Transocean Spitsbergen, with Statoil.

    By Sue Goodridge
  • uploads///SDRL Restructuring
    Company & Industry Overviews

    Updates on Seadrill’s Restructuring Plan

    Last week, Seadrill (SDRL) received another restructuring proposal. This time, the proposal was from Barclays, which holds Seadrill’s bonds.

    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///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///offshore rig count
    Energy & Utilities

    What’s in Store for the US Offshore Rig Count?

    The US offshore rig count stood at 19 in the week ended December 22, 2017.

    By Sue Goodridge
  • uploads///Credit RAting
    Energy & Utilities

    Moody’s Changed Seadrill Partners’ Outlook

    On December 13, 2017, Moodys affirmed the “Caa2” rating on Seadrill Partners (SDLP) and changed the outlook to “stable” from “negative.”

    By Sue Goodridge
  • uploads///offshore drillers
    Energy & Utilities

    Week 50: Offshore Drilling Update

    In the week ending December 15, 2017, offshore drilling stocks had mixed returns. Seadrill was the best performer, while Ensco was the worst performer.

    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///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///ESV
    Energy & Utilities

    Ensco: The 5th-Best Performing Stock in Offshore Drilling

    Among offshore drilling stocks, Ensco (ESV) is the fifth-best-performing stock in 2017. It had a YTD (year-to-date) return of -42.5% as of December 12, 2017.

    By Sue Goodridge
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