|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.09 - 5.26|
|52 Week Range||4.10 - 10.54|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (0.81%)|
|1y Target Est||N/A|
In 4Q17, Diamond Offshore Drilling’s (DO) drilling expenses rose 3% from the previous quarter and 17.2% from the previous year. Diamond Offshore expects its operating costs in 1Q18 to be $195 million–$200 million. The decrease in costs quarter-over-quarter could be a result of Ocean Sceptor rolling off contract in the fourth quarter and fourth quarter mobilizations of the Ocean Onyx and Ocean Sceptor.
In Diamond Offshore’s (DO) 4Q17 conference call, the company gave insights about the offshore drilling industry’s outlook. The insights will help us gauge the outlook for Diamond Offshore and its peers—Transocean (RIG), Rowan Companies (RDC), Ensco (ESV), Noble (NE), and Seadrill Partners (SDLP).
Billionaire David Einhorn's long portfolio at Greenlight Capital fell almost $1 billion in Q4, 13F filings show.
Greenlight Capital, the hedge fund of billionaire David Einhorn, added JC Penney in the fourth quarter, 13F filings show.
In this article, I will take a look at Ensco plc’s (NYSE:ESV) most recent earnings update (30 September 2017) and compare these latest figures against its performance over the pastRead More...
Sink or Swim: Which Offshore Drillers Survived the Downturn? Earlier in this series, we analyzed and compared the business fundamentals of different offshore drilling companies. Traders and investors look at moving averages when deciding whether to enter or exit stocks.
Sink or Swim: Which Offshore Drillers Survived the Downturn? It’s important to understand a company’s liquidity position along with its long-term solvency. A company’s current ratio, which is calculated as its current assets divided by its current liabilities, tells us about its ability to pay its short-term obligations using its short-term assets.
Since then, offshore drilling companies have had a hard time securing contracts. A company’s backlog is calculated as the predetermined day rate of its contract multiplied by the contract duration. The backlog helps us to understand where the company’s future revenues could originate.