|Day's Range||0.36 - 0.38|
|52 Week Range||0.35 - 4.59|
|PE Ratio (TTM)||-0.73|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Oil prices rebounded when the Organization of Petroleum Exporting Countries (OPEC) announced last November that it was going to cap oil-production, then collapsed when the Energy Information Administration (EIA) announced larger-than-expected crude-oil inventory builds. Prices rose again on the rumor that OPEC was going to extend its production caps to the end of March 2018 and then fell once more after OPEC confirmed the extension.
Noble Corporation (NE) successfully increased its backlog to $3.5 billion at the end of 1Q17 from $3.3 billion in 4Q16.
Since 2016, all offshore drilling stocks have been hit hard. In this series, we'll compare the offshore drillers’ backlogs to see which companies could experience the maximum and minimum revenue falls ...