|Bid||8.17 x 800|
|Ask||8.18 x 2200|
|Day's Range||8.11 - 8.32|
|52 Week Range||4.10 - 9.51|
|Beta (3Y Monthly)||2.80|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||0.04 (0.46%)|
|1y Target Est||8.55|
NEW YORK, Oct. 19, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
The offshore sector was one of the hardest hit in the 2014/2015 oil bust, but as prices rise and drilling activity increases, the sector is about to make a full recovery
NEW YORK, Oct. 16, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
Ensco plc (ESV) will hold its third quarter 2018 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT and 2:00 p.m. London) on Tuesday, 30 October 2018. The earnings release will be issued before the New York Stock Exchange opens that morning. The conference call will be webcast live at www.enscoplc.com.
Investors shouldn’t give up on oilfield-services stocks, even though they fell on Wednesday. More deals like this week’s merger of Ensco and Rowan Cos. are on the way, UBS says.
Within a span of less than a week, two major deals have been announced in the drilling industry, validating the fact that consolidation is gathering more steam.
Ensco (ESV) agreed to snap up Rowan Companies (RDC) in a $2.38 billion deal, while Canada's Precision Drilling (PDS) is set to acquire Trinidad Drilling Limited for C$1.03 billion.
NEW YORK, NY / ACCESSWIRE / October 9, 2018 / U.S. equities were mixed on Monday with the Dow Jones finishing in the green, but broader market gains were lagged due to worries over sharp increase in interest ...
The merger of Ensco (ESV) and Rowan to create leading offshore driller with a larger fleet size, geographic presence and customer base.
Offshore driller Ensco PLC has agreed to buy Rowan Cos., a deal the companies say will help them win business as the offshore oil market starts to grow again. Under terms of the deal, Rowan shareholders will receive 2.215 Ensco shares for each of their Rowan shares. Ensco stockholders will own 60.5% of the combined company, with Rowan shareholders owning the remaining.
Companies that make their money in the offshore energy market were dead in the water until recently. While the mood has improved with oil prices reaching a four-year high, Ensco PLC is still buying rival offshore driller Rowan Co from a position of weakness rather than strength. Rowan’s shares are up by 50% this year and Ensco’s up by 80%, but the two companies’ combined market value is barely a third of what it was at the beginning of 2014.
Ensco said it would buy Rowan for $2.4 billion in an all-stock deal, one that continues the consolidation in the beaten-up sector. Ensco acquired Atwood Oceanics last year, while (RIGN) (RIG) agreed to buy (OCRG) (ORIG) in September. In June 2017 I argued that Ensco’s acquisition of Atwood would be a key catalyst for offshore drillers, and that—along with higher oil prices—appears to be the case.
Offshore drilling, the worst hit during the 2014 slide in oil prices, is set to benefit as recent auctions and discoveries worldwide indicate a rising need for specialised drill ships. "We're starting to see a broad pick up in nearly all geographies and all market segments," Ensco Chief Executive Officer Carl Trowell told analysts on a call. The deal also expands Ensco's presence in the market for higher-specification rigs, which help operators drill in challenging conditions and also fetch higher rates.
On Monday, bond markets will be closed for Columbus Day, while equity markets in the U.S. are open for trade. U.S. stock index futures pointed to a lower open as rising bond yields and growing interest rates made equities less attractive to investors. However, as trading opened, there was a quick bounce back. Meanwhile, at […] The post Stock Market News Daily Roundup October 8 appeared first on Market Exclusive.
NEW YORK, Oct. 08, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Rowan Companies plc (“Rowan” or the.
Barclays upgraded shares of GE to "overweight" from "equal weight," writing that "even the most hardened skeptic might want to re-consider following" GE naming Larry Culp as chairman and CEO. Petrobras PETR'-BR – J.P. Morgan upped its rating of Petrobras to "overweight" from "neutral." The potential for the Brazilian oil giant is driven by volume growth and reduced political risk , among other factors, and J.P. Morgan raised its price target on Petrobras shares to $17. Apple said it has repeatedly investigated the claims made in a Bloomberg Businessweek article and found no evidence chips sold to Apple by Super Micro Computer allowed for backdoor transmissions.
Ensco plc (ESV) and Rowan Companies plc (RDC) jointly announced today that the companies have entered into a definitive transaction agreement under which Rowan will combine with Ensco in an all-stock transaction. The definitive transaction agreement was unanimously approved by each company’s board of directors. The Saudi Aramco partner to the ARO Drilling joint venture has consented to the combination between Rowan and Ensco.