|Bid||3.71 x 3000|
|Ask||3.81 x 1300|
|Day's Range||3.62 - 3.79|
|52 Week Range||2.60 - 4.20|
|PE Ratio (TTM)||2.42|
|Forward Dividend & Yield||0.40 (13.94%)|
|1y Target Est||N/A|
In week 18, the week ending May 4, Ensco and Seadrill were the best performers among offshore drilling stocks. Both of the stocks rose more than 6% last week. Diamond Offshore, which fell more than 3%, was the worst performer.
To fight downturn, offshore drillers (XLE) are focused on managing their debt and liquidity. In this part, we’ll discuss Rowan Companies’ (RDC) latest efforts to manage debt and liquidity. Managing debt
Energy companies, such as Seadrill Partners, trading at a market price below their true values are considered to be undervalued. Smart investors can make money from this discrepancy by buyingRead More...
Offshore drilling stocks gained last month when oil prices were rallying. However, these stocks fell after the companies released their 1Q18 results. These quarterly results were weak as the companies are still relying on previous backlogs. Even though offshore drillers have slowly started securing new contracts, it will take at least two or three more quarters before their balance sheets and profit-loss statements show good numbers.
Navios Maritime Midstream Partners (NAP), an MLP involved in the marine transportation of crude oil, refined products, and NGLs, was the top MLP gainer in the week ending April 20. Navios Maritime Partners rallied 29.2% due to J.P. Morgan upgrading it to a “buy.” Overall, the partnership has lost 55.4% since the beginning of 2018. The fall could mainly be attributed to the partnership’s weak operating performance in 4Q17. To learn more, read Comparing Crude Tanker Companies’ 4Q17 Performances.
Undervalued energy companies, such as Seadrill Partners and Natural Resource Partners, are those that trade at a price below their actual values. There’s a few ways you can determine howRead More...
Ensco believes these factors have created a favorable backdrop for the supply-demand dynamics of the industry. Ensco has observed increased activity in the North Sea and the Gulf of Mexico for short-term projects. Ensco (ESV) has the highest number of jack-up rigs among its peers.
In this part, we’ll discuss Transocean’s (RIG) latest efforts to manage its debt and liquidity. In 2017, Transocean executed many financial transactions to enhance its liquidity and balance sheet. The company issued ~$1.2 billion of debt maturing in 2022 and 2026 and retired $1.8 billion of debt with maturities between 2017 and 2020. Transocean’s efforts included $96 million in export finance obligations.