|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.27 - 14.86|
|52 Week Range||9.02 - 17.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.34|
Of the 29 analysts covering Ensco (ESV), 45% recommend some form of “buy,” ~41% recommend “hold,” and 14% recommend “sell.” Their 12-month target price of $6.72 for Ensco implies a 3.38% downside to its July 19 market price of $6.95. In comparison, ~45%, 14%, and 23% of analysts covering Rowan Companies (RDC), Diamond Offshore Drilling (DO), and Noble (NE) recommend “buy,” respectively.
In Week 28 (week ending July 13, 2018), RBC Capital, BMO, Evercore, and Susquehanna revised target prices for offshore drilling companies.
HOUSTON , July 18, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its report of drilling rig status and contract information has ...
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).
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.
Along with a company’s long-term solvency, it’s important to look at its liquidity position. 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. The higher the ratio, the better the company’s position to pay.
Credit ratings can change over time as the outlook for the industry and companies changes. On July 10, Moody’s downgraded Rowan Companies’ (RDC) corporate family rating to B3 from B2. It maintained a “negative” outlook on Rowan Companies.
Moody's Investors Service (Moody's) downgraded Rowan Companies, Inc.'s (Rowan) Corporate Family Rating (CFR) to B3 from B2, Probability of Default Rating (PDR) to B3-PD from B2-PD, and senior unsecured notes to Caa1 from B2. "The downgrade reflects Rowan's deteriorating credit metrics through 2019, resulting from low utilization rates and continued pressure on dayrates, while the notes downgrade additionally reflects its contractual subordination to Rowan's new revolving credit facility, which has guarantees from material Rowan subsidiaries and thereby has a priority claim to Rowan's assets" commented Amol Joshi, Moody's Vice President.
HOUSTON, July 6, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (RDC) plans to report financial results for the second quarter 2018 on Wednesday, August 1, 2018, before the open of the financial markets in the United States.
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.
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.
On June 27, the EIA (U.S. Energy Information Administration) released its weekly gasoline inventory data. The EIA reported that US gasoline inventories increased by 1.2 MMbbls (million barrels) to 241.2 MMbbls on June 15–22. The inventories also increased by 224,000 barrels or 0.1% from a year ago.
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.
NEW YORK, June 25, 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 EnviroStar, ...
In the previous part, we compared five offshore drilling companies’ revenue performances in the first quarter. In this part, we’ll look at their first-quarter EBITDA.
In the first quarter, Transocean’s (RIG) drilling revenues were $664 million—5.5% higher than its revenues of $629 million in the previous quarter and 11.2% lower than its revenues of $748 million in the first quarter of 2017. Transocean was the only company among its peers that saw higher revenues from the fourth quarter. Transocean expects its second-quarter revenues to increase 14% from the first quarter.
ARO Drilling leases Rowan's (RDC) Super Gorilla XL Class jack-up rig for a contract with Saudi Aramco. This move will help the company participate in the growing market of Saudi Arabia.
Baker Hughes, a GE Company (BHGE), released its weekly US natural gas rig count report on June 15. Baker Hughes reported that the US natural gas rig count fell by four to 194 on June 8–15—the lowest level since April 13. However, the rigs increased by eight or ~4.3% from a year ago.
HOUSTON, June 18, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (RDC) announced today that the Bob Palmer, a Super Gorilla XL Class jack-up rig, has been leased to ARO Drilling, the Company's joint venture with Saudi Aramco, to fulfill a three-year contract that ARO Drilling has been awarded by Saudi Aramco. The Bob Palmer was operating for Saudi Aramco in Saudi Arabia and will now do so through ARO Drilling.
Rowan Companies’ drillship, Rowan Relentless, secured a contract with ExxonMobil to drill a prospect in the US Gulf of Mexico. The contract, which will commence in September, is for a duration of ~80 days. The contract also includes four one-well priced options. Backlog
Baker Hughes, a GE Company (BHGE), released its US natural gas rig count report on June 8. Baker Hughes reported that the US natural gas rig count rose by one to 198 on June 1–8—the highest level since May 25. The rigs increased by 13 or ~7% from a year ago.
LONDON, UK / ACCESSWIRE / June 12, 2018 / If you want access to our free research report on Rowan Cos. PLC (NYSE: RDC), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=RDC as the Company’s latest news hit the wire. On June 07, 2018, the Company, which is an industry-leading, global drilling contractor, announced that one of its R-Class drillships, Rowan Relentless, has been awarded a contract by ExxonMobil Corp. (NYSE: XOM) to drill a prospect in the US Gulf of Mexico.
Rowan's (RDC) drillships are superior among 7th Generation rigs and are exceptionally placed to provide key features preferred by the market.
HOUSTON , June 7, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that the Rowan Relentless, one of its R-Class drillships, has been ...