Seadrill Ltd

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  • uploads///Expenses
    Earnings Report

    Is Pacific Maintaining Its Margins in a Falling Revenue Scenario?

    Pacific Drilling’s (PACD) operating expense-to-revenue ratio stood at 37.5% at the end of 3Q16, similar to the previous quarter’s 37.3% and 3Q15’s 37.7%.

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

    Pacific Drilling’s Future Revenues: Is Wall Street Overly Optimistic?

    Wall Street analysts estimate revenues of $270 million in 3Q15 for Pacific Drilling (PACD)—close to the $274 million revenue earned in 2Q15.

    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///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///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///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///Costs
    Earnings Report

    Transocean’s 3Q17 Earnings: What Analysts Expect

    Analysts expect Transocean’s (RIG) 3Q17 EBITDA to fall to $313 million—a 10% fall from $349 million reported in 2Q17 and a 31% fall year-over-year.

    By Sue Goodridge
  • 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///image
    Miscellaneous

    Why Is Seadrill So Volatile?

    On January 31, 2017, Seadrill (SDRL) 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///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
    Miscellaneous

    Seadrill’s Volatility Rose the Most among These OFS Stocks

    On April 10, 2017, Seadrill had the highest implied volatility among the OFS (oilfield equipment and services) constituents of the VanEck Vectors Oil Services ETF (OIH).

    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///EBITDA
    Earnings Report

    What Do Analysts Expect from Ensco’s 3Q16 EBITDA?

    Analysts expect a fall in Ensco’s (ESV) EBITDA for 3Q16. Analysts’ estimate for Ensco’s EBITDA in 3Q16 is $221 million—a 58% fall from $532 million in 2Q16.

    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

    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///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///Seadrills fleet
    Company & Industry Overviews

    Are Seadrill’s 14 Newbuilds Still a Concern?

    Seadrill (SDRL) still has 14 rigs under construction including four drillships, two semisubmersibles, and eight jack-ups.

    By Sue Goodridge
  • uploads///effdbaffaadbedfacd
    Earnings Report

    Seadrill’s 2Q16 Results Are on Their Way

    Seadrill’s 2Q16 results are expected to be released on August 25, 2016. The company’s stock has fallen 19% since the start of the year.

    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///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///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
  • 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///ATW_ESV combined fleet
    Company & Industry Overviews

    Analyzing Ensco’s Acquisition of Atwood

    Last week Ensco (ESV) announced its decision to acquire Atwood Oceanics (ATW) in an all-equity transaction.

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

    Have Analysts Changed Their Recommendations for PACD after 3Q16?

    After Pacific Drilling released its 3Q16 earnings, no Wall Street analysts either upgraded or downgraded its stock, unlike Diamond Offshore and Rowan Companies.

    By Sue Goodridge
  • uploads///Outlook
    Earnings Report

    Rowan’s Take on Offshore Drilling after 1Q17

    In its 1Q17 conference call, Rowan Companies (RDC) shared its outlook on the offshore drilling market.

    By Sue Goodridge
  • 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///p
    Energy & Utilities

    Last Week on Market Realist: Key Energy Industry Updates

    In its 2Q17 earnings conference, Whiting Petroleum lowered its capex for 2017 from $1.1 billion to $950 million. Its capex was ~$554 million in 2016.

    By Rabindra Samanta
  • 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///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///offshore drillers
    Energy & Utilities

    Ranking the Top 5 Offshore Drillers by 2017 Market Returns

    Even though all offshore drillers traded in the red this year, we’re still going to analyze the top five YTD returns of companies in the industry.

    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///Backlog
    Earnings Report

    Transocean’s Backlog Offers a Picture of 2017 and 2018 Revenues

    As of February, 2017, Transocean (RIG) had a backlog of $11.3 billion compared with $12.2 billion at the end of 3Q16.

    By Sue Goodridge
  • 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///EV EBITDA
    Company & Industry Overviews

    How to Interpret Valuation Multiples in the Offshore Drilling Industry

    Offshore drilling companies are capital-intensive and have varying degrees of financial leverage. Thus, we use the EV-to-EBITDA multiple as a valuation.

    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///Stock price
    Earnings Report

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

    Transocean’s (RIG) revenue fell to $1.6 billion in 3Q15 from $1.8 billion in 2Q15. Its EBITDA also fell 13% to $655 million, from $755 million in the previous quarter.

    By Sue Goodridge
  • uploads///Venture
    Earnings Report

    Inside Rowan’s New JV with Saudi Aramco

    Rowan Companies has agreed with Saudi Aramco to name the new joint venture ARO Drilling.

    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///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///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///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///image
    Miscellaneous

    Option Traders: Which OFS Stocks Should Investors Watch?

    On February 21, 2017, Seadrill (SDRL) had the highest implied volatility among the OFS companies that are part of the VanEck Vectors Oil Services ETF (OIH).

    By Rabindra Samanta
  • uploads///offshore rig count
    Miscellaneous

    Offshore Drilling Last Week: Stock Performance and Rig Count as of June 16

    Last week (ended June 16), Atwood Oceanics was the worst-performing offshore drilling stock, while Rowan was the only stock among peers to see gains.

    By Sue Goodridge
  • uploads///Fleet Age
    Company & Industry Overviews

    Counting the Years: Drillers Must Deal with Aging Rigs

    Older vessels are less fuel efficient and are costly to maintain. Insurance rates also increase with a rig’s age, increasing operating costs.

    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///return
    Miscellaneous

    CARBO Ceramics Fell and Impacted Options Traders

    In the last four quarters, CARBO Ceramics’ revenue fell 48.8%. Its adjusted operating loss was $27.8 million in 4Q16—compared to $32.3 million in 4Q15.

    By Rabindra Samanta
  • 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///Newbuilds
    Earnings Report

    Seadrill’s Updates: Orderbook, Contracts, and World Fleet

    In its 1Q16 report, Seadrill (SDRL) provided insights on the industry orderbook.

    By Sue Goodridge
  • 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///effbfdcbcacbcccc
    Earnings Report

    Analyzing Seadrill’s Stock Crash and Recent Events

    Seadrill’s (SDRL) stock price fell more than 84% from the beginning of 2017 to May 18, 2017. The stock fell more than other offshore drillers.

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

    Another Offshore Driller Applied for Bankruptcy

    Pacific Drilling (PACD) filed for Chapter 11 bankruptcy protection in an aim to restructure roughly $3 billion in debt.

    By Sue Goodridge
  • uploads///Oil Prices
    Earnings Report

    Ocean Rig’s View of the Market, Bankruptcy Warning

    With pressurized supply and demand conditions in the offshore drilling market, Ocean Rig does not see any recovery before 2020.

    By Sue Goodridge
  • uploads///image
    Miscellaneous

    Which OFS Stocks Have the Highest Implied Volatility?

    On March 14, 2017, Seadrill (SDRL) had the highest implied volatility among OFS companies that are part of OIH. Its implied volatility was 138.8%.

    By Rabindra Samanta
  • uploads///Change in backlog
    Company & Industry Overviews

    Offshore Drillers: How Their Backlogs Are Rapidly Declining

    The offshore drilling industry has had low day rates and few or no new drilling contracts in the past year. Companies are alive mostly due to their earlier contracts.

    By Sue Goodridge
  • uploads///entrepreneur _
    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///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///Expenses
    Earnings Report

    Transocean’s 2017 and 2018 Cost Guidance

    Cost-cutting measures In 3Q17, Transocean (RIG) successfully reduced its costs. Despite a fall in revenue, Transocean’s drilling-to-revenue ratio fell to 46% in 3Q17 from 47% in 2Q17. In 3Q16, the ratio was also 46%. Drilling expenses in 3Q17 Transocean’s operating and maintenance expenses fell $10 million in 3Q17, to $323 million. Guidance In its 3Q17 conference […]

    By Sue Goodridge
  • uploads///Crude oil price
    Macroeconomic Analysis

    Oil Hit $50 for 1st Time in 2016: Will It Help Offshore Drillers?

    For the first time in 2016, oil prices touched $50 per barrel on May 26.

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    Where Seadrill Sees Its Earnings in 4Q16

    In 3Q16, Seadrill’s (SDRL) earnings before interest, tax, depreciation, and amortization fell to $441 million, compared to $557 million in 2Q16 and $546 million in 3Q15.

    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///Recommendations_ORIG
    Energy & Utilities

    Majority of Analysts Recommend a ‘Sell’ for Ocean Rig

    Currently, 11 analysts give recommendations on Ocean Rig (ORIG). Of these, only one analyst, or 9%, has given the company a “buy” recommendation.

    By Sue Goodridge
  • 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///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///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///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///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///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///dec contracts
    Company & Industry Overviews

    Seadrill Gets Contract Extension with Saudi Aramco

    On December 29, 2016, Seadrill (SDRL) announced that it has secured a three-year contract extension from Saudi Aramco for its jackup AOD III.

    By Sue Goodridge
  • uploads///EBITDA
    Earnings Report

    What Do Analysts Expect for Seadrill Partners’ 1Q16 Earnings?

    Seadrill Partners has beaten earnings estimates in the past four quarters. In 4Q15, SDLP’s reported EBITDA was 14% higher than estimates.

    By Sue Goodridge
  • 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
  • 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///Capex
    Earnings Report

    Seadrill’s Efforts Should Push Its Debt Repayment to 1Q17

    In 3Q16, Seadrill (SDRL) had cash flow from operations of $242 million, 20% lower than the previous quarter’s $303 million.

    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///Backlog
    Company & Industry Overviews

    Key Updates from Seadrill, Ensco, and Rowan Companies

    To cope with this brutal downturn, offshore drillers have taken various steps to curb their costs including reducing their workforce.

    By Sue Goodridge
  • Energy & Utilities

    Why geography and climate variation impact offshore drilling

    The majority of offshore operations around the world occur in six key locations—the Gulf of Mexico, the Brazilian Coast, the West Coast of Africa, the North Sea, the Persian Gulf, and the Asia-Pacific region.

    By Christopher McNew
  • uploads///AdobeStock_
    Basic Materials

    What’s the Next Big Move for David Einhorn?

    Billionaire David Einhorn is prominent in the hedge fund industry for his bold investment strategies.

    By Rabindra Samanta
  • Energy & Utilities

    Why Ocean Rig stock is currently trading at a discount

    The company currently trades for 6.9 times 2015 consensus EBITDA and $685 million per rig, which is a premium to its peers.

    By Samuel Madden, CFA
  • 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///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///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///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///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///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///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///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///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///oil rig sea oil gas drill
    Company & Industry Overviews

    Transocean’s Stock Performance and Broad Equity Market Indexes

    As of May 30, Transocean (RIG) stock had a good run in the last three months. The stock rose more than 37% during this period.

    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
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