|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.64 - 19.66|
|52 Week Range||15.76 - 198.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 16, 2018 - Apr 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
Most offshore drilling stocks traded in the green in the week ended July 13 (week 28). The best performer during the week was Noble. Seadrill Partners was the weakest performer among its peers and the only offshore driller that traded in the red.
Enbridge (ENB) is getting rid of assets in order to pare debt, while Chevron (CVX) is set to put a number of its oil and gas fields in Britain's North Sea for sale.
Seadrill Partners (SDLP), an MLP formed by Seadrill Limited (SDRL) to own, operate, and acquire offshore drilling rigs, was the top MLP gainer in the week ending July 6. Seadrill Partners rallied 12.1%. Last week, the gains could be attributed to a favorable court ruling and a new contract.
NEW YORK, NY / ACCESSWIRE / July 4, 2018 / Shares of VEON were up on Tuesday after it said it will sell its 50% equity stake in Wind Tre to partner CK Hutchison. Shares of Seadrill Limited were in the ...
Due to a change in the share count and a massive reduction in the equity held by common investors before today's Chapter 11 emergence, all the major financial websites are miscalculating Seadrill's price movement.
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. The stock fell after the company announced that it successfully emerged from Chapter 11 bankruptcy. Equity investors were well aware that they would only retain up to 2% in the company.
The offshore driller announced it is emerging from Chapter 11, and the market is finally applying a more realistic valuation to its shares. Keep reading to find out what's happening.
Offshore energy company Seadrill, which filed for chapter 11 in September, said that it has emerged from bankruptcy protection.
Seadrill’s (SDRL) YTD (year-to-date) returns were 50.7% as of June 27. The stock has outperformed Transocean (RIG), Diamond Offshore (DO), Noble (NE), and Ensco (ESV). They rose 14%–25% during this period.
LONDON, UK / ACCESSWIRE / July 2, 2018 / If you want a free Stock Review on SDRL sign up now at www.wallstequities.com/registration. The oil and gas drilling industry consists of companies that are engaged in oil and gas drilling services on a contract basis.
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. On Wednesday, the Energy Information Administration reported that crude supplies declined by 9.9 million barrels for the week ending June 22.
1036 GMT - Peel Hunt expects Anpario’s first-half sales to be similar to the year-earlier period, with unfavorable foreign-exchange rates offsetting high single-digit growth on a constant currency basis. Peel Hunt says profit performance for the period will likely be similar to that for the first half of 2017. The oil-and-gas company said it now expects production to be between 89,000-95,000 barrels of oil equivalent a day compared with a previous range of 86,000-95,000 barrels of oil equivalent.
Higher prices don't really help offshore drillers right now. But concerns about global supplies could be a boon in coming years.
Most offshore drilling stocks traded in the green in the week ended June 22. The best performer for Week 25 was Noble. Seadrill was the weakest performer among its peers.
With the monetization of midstream assets, Devon Energy (DVN) to is set to exceed its divestiture target, while Exxon Mobil (XOM) has decided to bet big on Brazil's offshore blocks.
With Seadrill (SDRL) nearing bankruptcy exit, it is likely to improve the liquidity position of the company and provide growth opportunities.
Most of the offshore drilling stocks traded in the green in the week ended June 1, returning 3.0%–6.5%. The best performer among these peers for week 22 was Seadrill (SDRL). The stock had fallen more than 32.0% in week 21. In week 22, the weakest performer among its peers was Seadrill Partners, which was the only stock trading in the red.
In the fourth quarter of 2017, Transocean’s (RIG) costs increased. Despite higher expenses due to increased revenues, Transocean’s drilling-to-revenue ratio fell to 64% in the first quarter from 66% in the previous quarter. Transocean’s operating and maintenance expenses rose by $38 million in the first quarter to $424 million.
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. Currently, Transocean is trading 11.2% lower than its 52-week high and 74.5% higher than its 52-week low. The Dow Jones Industrial Average (DIA) has fallen 1.4% in last three months as of May 30. The SPDR S&P 500 ETF (SPY) has risen 0.35% during the same period.
Seadrill Partners (SDLP) released its results for the first quarter of 2018 on May 25. Its stock hasn’t had a good run YTD (year-to-date), falling more than 11% during the period.
The US offshore rig count in Week 21, which ended May 25, was 19, unchanged from the previous week and four rigs lower year-over-year. In the last three weeks, the offshore rig count has risen. The total US rig count (oil and natural gas rigs) was 1,059 in Week 21, up 13 rigs from the previous week, and significantly higher than the 908 rigs reported in the same period last year. The total US oil rig count was 859, 15 rigs up from the previous week. In April, the average US rig count (land and offshore) was 1,011, up by 22 rigs from 989 in the previous month and by 20 rigs YoY (year-over-year). The average US offshore rig count was 16, up by three rigs from 13 rigs in the previous month and down by four rigs YoY.