12.51 -0.03 (-0.24%)
Pre-Market: 8:00AM EDT
|Bid||12.57 x 300|
|Ask||12.59 x 200|
|Day's Range||12.19 - 12.58|
|52 Week Range||7.20 - 12.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.24|
In week 15, the week ending April 13, 2018, all of the offshore drilling stocks rose. Transocean was the best performer among its peers, while Seadrill Partners rose the least in week 15.
Transocean Ltd. (RIG) today issued a quarterly Fleet Status Report that provides the current status of and contract information for the company’s fleet of offshore drilling rigs. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.
After a three-year slump, crude prices have bounced back and investment is flooding into the oil and gas industry, with many analysts expecting huge returns in 2018
STEINHAUSEN, Switzerland, April 12, 2018-- Transocean Ltd. announced today that it will report earnings for the first quarter of 2018, on Monday, April 30, 2018, following the close of trading on the NYSE.. ...
In the week ending April 6, 2018, HSBC revised the target prices and recommendations for two offshore drillers (OIH). In this part, we’ll discuss the revisions and analysts’ consensus recommendations. HSBC reduced the target price for Rowan Companies (RDC) to $15.33 from $17.9.
In week 14, the week ending April 6, 2018, Rowan Companies was the best performer among offshore drilling stocks. The company secured a new contract. As a result, Rowan Companies’ stock price increased last week.
NEW YORK, NY / ACCESSWIRE / April 6, 2018 / U.S. markets ended higher on Thursday for their third straight daily gain as technology stocks recover from a series of shortcomings. The Dow Jones Industrial ...
The US offshore rig count was 12 in the week ending March 29, 2018. The rig count dropped by one from the previous week. The rig count is still down by ten rigs year-over-year. The rig count is a key demand indicator for the offshore drilling industry. For Rowan Companies (RDC), 22% of its total revenue comes from the US Gulf of Mexico.
In February 2018, one drilling permit was issued in the Gulf of Mexico. No drilling permits were issued in January. For the first two months of 2018, one shallow-water drilling permit was issued—compared to three permits issued in the same period in 2017.
Concho Resources (CXO) took the acquisition route to expand market reach in the Permian play, while Tallgrass Energy (TEGP) announced a merger deal to lower capital cost.
STEINHAUSEN, Switzerland, March 30, 2018-- Transocean Ltd. announced today that it completed the previously announced compulsory acquisition of the remaining outstanding shares of Songa Offshore SE.. All ...
Previously in this series, we discussed offshore drilling (OIH) companies’ 4Q17 EBITDA (earnings before interest, tax, depreciation, and amortization). In this part, we’ll discuss their free cash flow profiles. The “free cash flow” is operating cash flows minus capital expenditure.