FBR's Thomas Curran and Mark Kelley contend that for offshore drillers like Ensco (ESV), Transocean (RIG), Rowan (RDC), and Atwood Oceanics (ATW), the "cycle will not turn" until late 2017 at the earliest: Over the past week, the offshore drilling industry has delivered three data points—one on the supply side and two on the demand side—that collectively reinforce our belief that its cycle will not turn until, at the earliest, late-2017. Drillers have begun finding short-term relief in the debt capital markets, with Ensco’s Tuesday, December 6 announcement of a $750 million private offering the latest example in a week that saw similar news from Transocean and Rowan Companies. Atwood Oceanics implied a bearish take on demand visibility through an agreement to push back delivery of two rigs, the Atwood Admiral and the Atwood Archer, by two years for near-term liquidity.
- Motley Fool•2 days ago
The offshore oil developer bolstered its liquidity and pushed out its maturities -- but at a steep price.
- TheStreet.com•3 days ago
Here's a technical look on how to trade some of the most active stocks on the market today.
ESV : Summary for Ensco plc Class A Ordinary Shar - Yahoo Finance
Ensco plc (ESV)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||10.91 x 700|
|Ask||10.99 x 14500|
|Day's Range||10.50 - 11.09|
|52 Week Range||6.50 - 16.56|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-1.77|
|Dividend & Yield||0.04 (0.38%)|
|1y Target Est||N/A|