|Bid||5.95 x 313300|
|Ask||6.27 x 36100|
|Day's Range||5.97 - 6.18|
|52 Week Range||3.14 - 6.84|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.19|
Earlier in this series, we analyzed and compared the business fundamentals of different offshore drilling companies. Now we’ll look at the technical indicators for these offshore drillers (XLE).
On Tuesday, July 17, 2018, US markets saw broad based gains with six out of nine sectors finishing the trading sessions in green. This Wednesday morning, WallStEquities.com looks at the performance of these four Oil & Gas Drilling & Exploration stocks: Halcon Resources Corp. (NYSE: HK), Helmerich & Payne Inc. (NYSE: HP), Jagged Peak Energy Inc. (NYSE: JAG), and Noble Corp. PLC (NYSE: NE). On Tuesday, shares in Houston, Texas headquartered Halcon Resources Corp. recorded a trading volume of 3.67 million shares.
Baker Hughes, a GE Company (BHGE), published its weekly US natural gas rig count report on July 13. Baker Hughes reported that US natural gas rigs rose by two to 189 on July 6–13—the highest level since June 15. The rigs have also increased by two or ~1.1% year-over-year.
In the last part of this series, we saw which offshore drillers had the highest and lowest falls in their backlogs. In this article, we’ll compare offshore drillers’ backlogs versus their revenues.
LONDON , July 12, 2018 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today announced that its report of drilling rig status and contract information has been updated as of July 12 , 2018. The report, ...
For drilling stocks like Transocean Ltd (NYSE:RIG), the past few years have shown just how risky the sector can be. RIG stock has dropped 72% in the past five years — and 91% in the last ten. Peers Noble Corporation PLC (NYSE:NE), Ensco PLC (NYSE:ESV), and Diamond Offshore Drilling Inc (NYSE:DO) are also having a tough time.
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.
Noble’s (NE) YTD (year-to-date) return was 35.8% as of June 27. The stock has underperformed Seadrill (SDRL), which has returned 50.7% YTD. Noble has outperformed most of the other offshore drilling companies.
Baker Hughes, a GE Company (BHGE), released its US natural gas rig count report on June 29. Baker Hughes reported that US natural gas rigs fell by one to 187 on June 22–29—the lowest level since March 2. However, the rigs increased by three or ~1.6% from a year ago. Similarly, the rigs increased 3% in the last six months. WTI oil prices increased 23% in the first half of the year, while natural gas prices decreased 1% during the same period.
Baker Hughes, a GE Company (BHGE), released its weekly US crude oil rigs report on June 29. Baker Hughes reported that US crude oil rigs fell by four to 858 on June 22–29. However, the rigs have risen by 102 or ~13.5% from a year ago.
On May 21, Jefferies downgraded Noble Corporation (NE) to a “hold” and reduced its target price to $5. On June 7, HSBC raised Noble’s target price to $6.80 from $5.60 and maintained a “buy” rating for the stock. On June 5, Bernstein upgraded Noble to “market perform” from “underperform” and raised its target price to $5 from $4.
In May, no drilling permits were issued in the shallow waters of the Gulf of Mexico. In the first five months of 2018, only two drilling permits were issued, down from seven in the same period last year. There were no deepwater permits issued in the Gulf of Mexico in May. In April, there were 15.
LONDON, June 28, 2018 /PRNewswire/ -- Noble Corporation plc (NE) today announced it plans to report financial results for the second quarter 2018 on Thursday, August 2, 2018, after the close of trading on the New York Stock Exchange. Copies of the Company's press release will be available on the Noble Website at www.noblecorp.com. Noble also has scheduled a conference call and webcast related to its second quarter 2018 results on Friday, August 3, 2018, at 8:00 a.m. U.S. Central Daylight Time.
Higher prices don't really help offshore drillers right now. But concerns about global supplies could be a boon in coming years.
Baker Hughes, a GE Company (BHGE), released its US natural gas rigs report on June 22. Baker Hughes reported that US natural gas rigs fell by six to 188 on June 15–22—the lowest level since March 9. However, the rigs increased by five or ~2.7% year-over-year.
In Week 25, which ended on June 22, Jefferies downgraded one offshore driller and revised the target prices for others.
Baker Hughes, a GE Company (BHGE), released its US crude oil rigs report on June 22. Baker Hughes reported that US crude oil rigs fell by one to 862 on June 15–22. However, US crude oil rigs hit the highest level since March 13, 2015, during the week ending June 15. The rigs have risen by 104 or ~13.7% year-over-year.
Offshore-drilling stocks face plenty of problems, from costly outdated rigs to low utilization rates as energy firms tiptoe back into big projects as oil prices rise. Nonetheless, higher oil prices and ...
On June 8–15, Whiting Petroleum (WLL) and California Resources (CRC) fell the most on our list of energy stocks. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 3.9% last week—the second-highest decline among the major energy subsector ETFs that we looked at in Part 2 of this series.
This Friday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Drilling & Exploration equities: Noble Corp. PLC (NYSE: NE), Halcon Resources Corp. (NYSE: HK), Helmerich & Payne Inc. (NYSE: HP), and Jagged Peak Energy Inc. (NYSE: JAG). London, the UK headquartered Noble Corp. PLC's stock finished Thursday's session 2.33% lower at $5.45 with a total trading volume of 4.72 million shares.
LONDON , June 14, 2018 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today announced that Adam C. Peakes , Senior Vice President and Chief Financial Officer, will present at the J.P. Morgan Energy Equity ...
Most of the offshore drilling stocks traded in the green in the week ending June 8. The best performers for week 23 were Noble and Diamond Offshore. In week 23, Seadrill was the weakest performer.
NEW YORK, June 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of BP ...
LONDON , June 7, 2018 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today announced that its report of drilling rig status and contract information has been updated as of June 7 , 2018. The report, ...