8.65 -0.06 (-0.69%)
After hours: 5:18PM EST
|Bid||8.35 x 800|
|Ask||8.65 x 1400|
|Day's Range||8.35 - 9.16|
|52 Week Range||7.84 - 198.15|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 16, 2018 - Apr 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.00|
German tech company Siemens announced the launch of the first hybrid power plant for offshore rigs with lithium-ion batteries for energy storage
Neither the beleaguered offshore oil driller's third-quarter numbers nor management's outlook inspire a lot of hope.
Ltd. posted a bigger-than-expected third-quarter net loss of $240 million on Tuesday, nearly five months after emerging from chapter 11 bankruptcy protection, but said it sees signs of improvement in the offshore drilling industry. Seadrill, which operates a fleet of 35 drilling rigs and manages a further 18 on behalf of other companies, filed for bankruptcy protection last September after being hit by a perfect storm of tumbling oil prices that prompted oil companies to slash exploration plans while Seadrill was struggling to repay a mounting debt pile. The $240 million net loss in the three months to Sept. 30 was larger than the $179 million loss expected in a FactSet analyst forecast.
Sanchez Energy Corporation (SN) today announced the appointment of an Interim Chief Financial Officer and two new independent members to its Board of Directors. The Board also appointed Tony Sanchez, III, President of Sanchez Energy in addition to his current position of Chief Executive Officer. Cameron W. George has been appointed Interim Chief Financial Officer of Sanchez Energy, effective immediately. Mr. George joined Sanchez Energy in 2016 as Senior Vice President of Capital Markets and has more than 15 years of investment banking and industry experience encompassing corporate finance, mergers and acquisitions, financial reporting, treasury, risk management and investor relations. Since joining Sanchez Energy, he has led the financing of its asset base and operations and will continue to serve as the primary corporate contact with investment banks, capital providers and rating agencies in addition to leading the company’s finance, accounting, treasury, investor relations and business development activities.
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 ...
Equinor (EQNR) hires Transocean Norge for a six-well drilling contract in the Norwegian continental shelf (NCS). The contract is valued at about $89 million.
Equinor (EQNR) hires West Hercules for two exploration wells in the Barents Sea, which includes options for drilling nine additional wells.
Rowan Companies (RDC) released its second-quarter results on August 1 before the markets opened. The offshore drilling contractor earned revenue of $241 million, beating Reuters’ consensus estimate by 15.9%. On July 31, Rowan Companies announced that ARO Drilling secured six three-year contracts with Saudi Aramco for Rowan’s jackup rigs currently operating in Saudi Arabia.
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).
Offshore drilling stocks had mixed returns in Week 30, which ended July 27. The best performer during the week was Seadrill (SDRL). Noble Corporation (NE) was the weakest performer among its peers.
Baker Hughes, a GE Company (BHGE), published its US natural gas rigs report on July 27. Baker Hughes reported that US natural gas rigs decreased by one to 186 on July 20–27—the lowest level since March 2. Natural gas targeted rigs have also decreased by six or ~3.1% year-over-year.
Ensco (ESV) released its second-quarter results on July 2 after the markets closed. The results were followed by a conference call on July 26.
Ensco (ESV) released its second-quarter results yesterday after the markets closed. Ensco earned revenues of $459 million in the second quarter of 2018, compared to $458 million a year ago. Ensco’s revenues found support in the addition of $55 million in revenue from Atwood Oceanics’ rigs, the ENSCO DS-10‘s joining the active fleet, and an increase in utilization from 56% to 61%.
Baker Hughes, a GE company (BHGE) published its US natural gas rig count report on July 20. It reported that US natural gas rigs decreased by two to 187 from July 13 to July 20—the lowest level since June 29. However, rigs have increased by one (~0.5%) from a year ago.
In Week 29, which ended on July 20, all offshore drilling stocks traded in the red. Seadrill (SDRL) fell the most, while Seadrill Partners (SDLP) fell the least.