Transocean Ltd

Latest Transocean Ltd News and Updates

  • 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///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///image
    Consumer

    Is the Oil Rig Count Signaling Another Fall in Oil Prices?

    On July 16, US crude oil August futures fell 4.2% and settled at $68.06 per barrel—their lowest closing level since June 21.

    By Rabindra Samanta
  • 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_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///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///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///OFS SI
    Miscellaneous

    Which Oilfield Services Stocks Lead in Short Interest?

    Currently, Diamond Offshore Drilling’s (DO) short interest-to-equity float ratio is 32.1%, the highest among the oilfield services stocks that are part of the VanEck Vectors Oil Services ETF (OIH).

    By Rabindra Samanta
  • uploads///tOP
    Company & Industry Overviews

    Why Did Transocean Report Weak Quarterly Results?

    Transocean, one of the world’s largest offshore drilling contractors, rose to one-week high price levels on Friday. It’s focusing on cost-cutting measures.

    By Val Kensington
  • uploads///russia __
    Energy & Utilities

    Seadrill: Best Performer among Peers Last Week

    Offshore drilling stocks had mixed returns in Week 30, which ended July 27. The best performer was Seadrill (SDRL).

    By Sue Goodridge
  • Consumer

    Horizontal rig count tapers off after attaining historic high

    Horizontal rig counts had been setting and breaking new records before last week’s fall, which marked the third decrease in the past 16 weeks.

    By Alex Chamberlin
  • uploads///Costs
    Earnings Report

    Transocean’s Cost Guidance for 1Q18 and 2018

    In 4Q17, Transocean’s (RIG) costs increased. With a fall in revenue, Transocean’s drilling-to-revenue ratio rose to 66% in 4Q17 from 46% in 3Q17.

    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///NG rigs
    Energy & Utilities

    OPEC Could Pressure US Natural Gas Prices in 2018

    US natural gas rigs rose 35% in the last 12 months, while US natural gas prices (UNG) fell 20% during this period.

    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///APA Operating Revenues
    Company & Industry Overviews

    How Could Lower Production Impact Apache Corporation’s Revenues?

    Excluding the effect of hedges, Apache Corporation’s (APA) average realized crude oil (USO) price in 4Q15 was $38.86 per barrel, down ~45% from $70.81 per barrel in 4Q14.

    By Nicholas Chapman
  • uploads///oil pump jack sunset clouds
    Consumer

    US Oil Production Growth Might Slow Faster than Expected

    The oil rig count could keep rising until at least March. By the second quarter, US crude oil production growth might slow down.

    By Rabindra Samanta
  • 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///NA REvenue and Rig Count
    Earnings Report

    Weatherford International: Will US Rig Counts Affect the Stock?

    Weatherford International’s (WFT) revenue share from North America rose in 3Q16 over 2Q16.

    By Alex Chamberlin
  • 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///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///Offshore rig count
    Macroeconomic Analysis

    Why Are Offshore Rigs Going Steady?

    The offshore rig count is nearly 56% off its four-year high of 66. It reached that level in August 2014. In the last year, the offshore rig count fell by 31.

    By Alex Chamberlin
  • uploads///Ratings_SDRL
    Energy & Utilities

    Seadrill: Why No ‘Buy’ Recommendations?

    Majority recommends “sell” Currently, 28 analysts give recommendations on Seadrill (SDRL). Of these, none have given a “buy” recommendation on the stock. Six analysts have given a “hold” recommendation, and 22 have a “sell” recommendation. The consensus target price is $1.78, which implies a downside of 17%. Like Seadrill, Ocean Rig (ORIG) does not have […]

    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///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///befdaaadebefbffbbb
    Company & Industry Overviews

    Pemex Terminates the Contract on West Pegasus with Seadrill

    On August 22, Seadrill reported that it received a contract termination notice for its contract with Pemex Exploration Servicios on the rig West Pegasus.

    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///p
    Energy & Utilities

    Here’s Why Upstream Underperformed the Energy Space

    Between August 31 and September 7, upstream stock Southwestern Energy Company (SWN) fell the most on our list of energy stocks.

    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///OPEC crude oil production may
    Macroeconomic Analysis

    OPEC’s Crude Oil Production and Strategy Ahead of Its Meeting

    A Bloomberg survey reported that that OPEC’s crude oil production increased by 484,000 bpd to 33.2 MMbpd in April 2016—compared to the previous month.

    By Gordon Kristopher
  • 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///Rigs
    Energy & Utilities

    Why US Natural Gas Traders Are Tracking OPEC’s Production

    Baker Hughes, a GE company, released its weekly US natural gas rigs report on January 19, 2018. Natural gas rigs increased by two to 189 on January 12–19.

    By Gordon Kristopher
  • Consumer

    Horizontal rig count is back on record breaking spree

    For the week ending September 26, 2014, the number of horizontal rigs increased by six to 1,347—compared to 1,341 last week. This is the highest horizontal rig count on record.

    By Alex Chamberlin
  • 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///Expenses
    Company & Industry Overviews

    Transocean’s Second-Quarter and 2018 Cost Guidance

    Transocean’s drilling-to-revenue ratio fell to 64% in the first quarter from 66% in the previous quarter. In the first quarter of 2017, the ratio was also 46%.

    By Sue Goodridge
  • uploads///Part _
    Fund Managers

    Hedge Funds Turn Bearish on Crude Oil

    As per data from the U.S. Commodity Futures Trading Commission, hedge funds and other asset managers have turned extremely bearish on oil prices.

    By Stuart McKenzie
  • 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///image
    Consumer

    Are US Oil Drillers Braking on Oil Production Growth?

    Last week, the oil rig count fell sharply by ten to 877. The rig count tends to follow US crude oil prices with a three- to six-month lag.

    By Rabindra Samanta
  • uploads///EBITDA
    Earnings Report

    Inside Transocean’s Outlook after 1Q16

    Transocean does not expect to see a recovery in rig activity before 2017 as customer budgets have been set for 2016 and are unlikely to improve soon.

    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///One year onshore vs Offshore
    Macroeconomic Analysis

    Oilfield service companies react to market pressures

    Falling crude oil prices are stirring things up for oilfield service companies. Consolidation to deal with the oversupply is one possible response.

    By Alex Chamberlin
  • uploads///Free Cash Flow
    Company & Industry Overviews

    Will Pacific Drilling’s Investors Have Positive Free Cash Flow after 4Q15?

    Analysts estimate that Pacific Drilling will have a free cash flow of -$16 million in the 2H15, compared to the $106 million it had in the 1H15.

    By Sue Goodridge
  • 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///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///Offshore rigs
    Macroeconomic Analysis

    US Offshore Rig Count Rose Again Last Week

    In the week ending October 16, 2015, one US offshore rig was added to the previous week’s total, taking the count to 33 rigs.

    By Alex Chamberlin
  • 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///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///AdobeStock_
    Energy & Utilities

    Baker Hughes: A Look Into Its Institutional Holdings

    Yesterday, Baker Hughes stock rose by 0.2%, with a year-to-date rise of 3.9%. We’ll focus on the company’s institutional investors in Q3 2019.

    By Rabindra Samanta
  • uploads///Iran crude oil production
    Energy & Utilities

    Crude Oil Futures and Wall Street Extends the Rally

    US crude oil futures contracts for February delivery also rose 0.6% to $62.01 per barrel on January 4, 2018—the highest settlement since December 2014.

    By Gordon Kristopher
  • uploads///AdobeStock_
    Consumer

    How US Production Is Affecting WTI Crude Oil Prices

    Between February 11, 2016, and July 15, 2019, WTI crude oil prices rose 127.3%. The United States Oil Fund LP (USO) gained 53.9% in the period.

    By Rabindra Samanta
  • uploads///image
    Consumer

    US Oil Production: Analyzing Key Drivers

    Last week, the oil rig count rose by two to 807. The rig count tends to follow US crude oil prices with a three to six-month lag.

    By Rabindra Samanta
  • uploads///image
    Consumer

    US Crude Oil Production: Has the Slowdown Started?

    Last week, the oil rig count fell by four to 873. The rig count tends to follow US crude oil prices with a three to six-month lag.

    By Rabindra Samanta
  • uploads///image
    Consumer

    US Oil Production Growth Might Be Slower in 2019

    Last week, the oil rig count fell by eight to 877. The rig count tends to follow US crude oil prices with a three to six-month lag.

    By Rabindra Samanta
  • uploads///image
    Consumer

    Is the Oil Rig Count Signaling Trouble for Oil Prices?

    Last week, the oil rig count rose by ten to 883. The rig count tends to follow US crude oil prices with a three to six-month lag.

    By Rabindra Samanta
  • uploads///image
    Consumer

    Oil Rig Fear Might Be Looming over Oil Prices

    Last week, the oil rig count rose by two to 888, the highest level since March 6, 2015.

    By Rabindra Samanta
  • uploads///image
    Consumer

    Oil Rig Count Reaches a New Multiyear High

    In the week ending on November 2, US crude oil production was at 11.6 MMbpd (million barrels per day)—its new record level.

    By Rabindra Samanta
  • uploads///image
    Consumer

    Why Oil Rigs Might Help Oil Prices Rebound

    In the week ended September 7, the oil rig count fell by two to 860, nine less than its 3.5-year high.

    By Rabindra Samanta
  • 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

    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///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 sea oil gas drill
    Earnings Report

    Ensco Stock Rose 6% after Its Second-Quarter Results

    Ensco’s second-quarter revenues were 2.45% higher than expected. The company’s EBITDA was 11.6% higher than the consensus estimates.

    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///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///Div Yield
    Company & Industry Overviews

    Comparing Offshore Drilling Companies’ Dividend Yields

    Dividend yield indicates how much a company pays in dividends relative to its share price. It’s calculated as the dollar value of dividends as a percentage of the stock price.

    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///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///falling _
    Energy & Utilities

    Why Seadrill Stock Fell 52% on July 2

    Seadrill (SDRL) stock fell to a 52-week low of $0.10 on July 2—a fall of 52.5% from the previous day’s closing price.

    By Sue Goodridge
  • 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///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///zbynek burival  unsplash
    Energy & Utilities

    Week 22: Offshore Rig Count Is Flat from the Previous Week

    Most of the offshore drilling stocks traded in the green in the week ended June 1, returning 3.0%–6.5%.

    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///Part  ASH
    Company & Industry Overviews

    Ashland Increases Maleic Anhydride Prices

    On May 24, Ashland announced that it will increase maleic anhydride prices by $0.06 per pound. The price increase will be effective on June 7.

    By Peter Neil
  • 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///oil rig sea oil gas drill
    Energy & Utilities

    Week 18: US Offshore Rig Count Rose by 1

    In week 18, Ensco and Seadrill were the best performers among offshore drilling stocks. Diamond Offshore was the worst performer.

    By Sue Goodridge
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