24.18 -0.02 (-0.08%)
Pre-Market: 6:35AM EDT
|Bid||23.86 x 800|
|Ask||24.11 x 800|
|Day's Range||23.72 - 24.66|
|52 Week Range||15.76 - 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||23.63|
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.
The offshore driller just emerged from bankruptcy with an improved balance sheet to go along with its ultra-modern fleet, but it's prospects may not be as good as hoped for.
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.
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.