|Bid||4.80 x 4400|
|Ask||4.81 x 20800|
|Day's Range||4.76 - 4.93|
|52 Week Range||3.14 - 5.80|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.57|
Apr.20 -- Noble Group Ltd. shareholder Goldilocks Investment Co. stepped up its opposition to the commodity trader’s debt-for-equity restructuring, calling for a full overhaul of the board and fresh talks with creditors to agree on an alternative rescue proposal. Bloomberg's James Poole reports on "Bloomberg Markets."
In the previous parts of this series, we’ve looked at analyst recommendations for Diamond Offshore Drilling, Ensco, and Noble Corporation. In this part, we’ll look at analyst recommendations and earnings estimates for Transocean (RIG) in 1Q18.
Of the 32 analysts covering Ensco (ESV), 44% recommend a “buy” or equivalent for the stock. Among the top offshore drilling stocks (IYE), Ensco and Transocean (RIG) have the most “buy” recommendations. About 41% of analysts are recommending a “hold” for Ensco.
In this part, we’ll discuss analysts’ recommendations and target price revisions for offshore drilling (IYE) stocks in week 15 (week ending April 13, 2018).
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.
On April 6–13, 2018, upstream stock California Resources (CRC) was the top gainer on our list of energy stocks. During this period, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 7.8%—the second-largest gainer among the energy subsector ETFs discussed in the previous part.
LONDON , April 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 April 12, 2018 . The report, ...
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.
LONDON, April 5, 2018 /PRNewswire/ -- Noble Corporation plc (NE) today announced it plans to report financial results for the first quarter 2018 on Wednesday, May 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. Interested parties are invited to listen to the call by dialing 1-833-245-9653, or internationally 1-647-689-4225, using access code: 9426379, or by asking for the Noble Corporation plc conference call.
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.
Energy was one of the worst-performing sectors to start the year, but that hasn't kept analysts from being optimistic about a recovery. HSBC's Abhishek Kumar's glasses aren't that rosy, but he is getting more upbeat on oilfield-services companies. Oil majors are tiptoeing back into the market and hiring rigs after a "distinctly quiet" 2017 for new contract activity.
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.
NEW YORK, March 26, 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 ...
Just like other offshore drillers (OIH), Noble (NE) hasn’t had a good run this year and has posted a negative YTD return. Transocean (RIG) has fallen 8.4%, while Ensco (ESV) and Diamond Offshore (DO) both fell more than 17% from the start of the year. Rowan Companies (RDC) has a negative YTD return of 23%.