Rowan Companies PLC

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  • 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///Recommendations_RIG
    Energy & Utilities

    What Do Wall Street Analysts Think about Transocean?

    The Market has given a consensus rating of “sell” to Transocean (RIG). Of the 37 analysts covering the stock, only 5% have given it a “buy” recommendation.

    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
  • 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///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///OFS SI
    Miscellaneous

    OFS Stocks with High Short Interest: Do You Own Any of Them?

    Currently, Diamond Offshore Drilling’s (DO) short interest-to-equity float ratio is 30.5%. It’s the highest among the OFS stocks that are part of OIH.

    By Rabindra Samanta
  • uploads///drilling permits
    Company & Industry Overviews

    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.

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

    Rackspace Hosting sees activist interest from Blue Harbour

    In September, after months of speculation that Rackspace could be acquired by CenturyLink, Inc. (CTL) and had interest from Hewlett-Packard, the company said it was no longer exploring merger and acquisition options. On the contrary, the company declared its commitment to remain independent.

    By Samantha Nielson
  • 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///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///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///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///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///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///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///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///Returns OFS
    Miscellaneous

    Why Short Traders Should Look at These Oilfield Services Stocks

    Diamond Offshore Drilling’s short-interest-to-equity float ratio is currently 30.5%—the highest among the OFS stocks that are part of OIH.

    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///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///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///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///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///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///NG rig
    Energy & Utilities

    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.

    By Gordon Kristopher
  • 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///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///RDC
    Energy & Utilities

    Why Magnetar Financial initiates new position in Rowan Companies

    First quarter results beat estimates despite a decline in earnings and revenue.

    By Samantha Nielson
  • uploads///Labor participation
    Macroeconomic Analysis

    The Labor Market Is Good, but Slack Remains

    Slack in the labor market implies that the available workforce is being underutilized. One of the indicators pointing to slack is the labor force participation rate.

    By David Ashworth
  • 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///EQT
    Energy & Utilities

    Why Magnetar Financial disposes position in EQT

    The company missed on 4Q13 earnings and revenue back in February.

    By Samantha Nielson
  • 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
  • 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///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///BlueHarbor
    Financials

    Must-know positions traded by Blue Harbour Group

    Blue Harbour Group was founded in 2004. It manages capital on behalf of pension funds, endowments, and other institutional investors.

    By Samantha Nielson
  • uploads///DV
    Consumer

    Blue Harbour exits position in DeVry Education Group

    DeVry University has seen revenue fall in previous fiscal years due to a decrease in new and total student enrollments. The decline is expected to continue into fiscal year 2015.

    By Samantha Nielson
  • uploads///RDC
    Energy & Utilities

    Rowan Companies sees activist interest from Blue Harbour

    Rowan Companies plc is a global provider of contract drilling services in the ultra-deepwater and shallow water jack-up market. It has a fleet of 34 offshore drilling units, including four ultra-deepwater drillships, all of which are currently under long-term contracts.

    By Samantha Nielson
  • 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///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

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

    Where Is the Offshore Rig Count Heading?

    In October 2017, the international offshore rig count was 204—down 14 rigs from 190 in the previous month.

    By Sue Goodridge
  • uploads///NG rig
    Energy & Utilities

    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.

    By Gordon Kristopher
  • uploads///Crude OIl Prices_Week
    Energy & Utilities

    How Rig Count and Oil Prices Trended Last Week

    The US offshore rig count for the week ending November 10, 2017, was 18, unchanged from the previous week.

    By Sue Goodridge
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