|Bid||11.300 x 4000|
|Ask||11.310 x 900|
|Day's Range||11.245 - 11.560|
|52 Week Range||7.280 - 14.340|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.99|
NEW YORK, NY / ACCESSWIRE / August 21, 2018 / U.S. markets closed in the green on Monday as optimism over easing trade tensions and news of Pepsi Co.'s acquisition plans lifted indexes higher. The Dow ...
NEW YORK, NY / ACCESSWIRE / August 16, 2018 / U.S. markets retreated on Wednesday as ongoing trade concerns and the currency crisis in Turkey continued to take center stage. The Dow Jones Industrial Average ...
Switzerland-based Transocean Ltd. (NYSE: RIG), which has its main U.S. office in Houston, will pay its new chief operating officer a lower salary than his predecessor. Transocean will pay Keelan Adamson, who was named COO in June to replace John Stobart, $600,000 a year, according to his employment agreement, which the company filed with the U.S. Securities and Exchange Commission Aug. 13. Transocean provides offshore oil and gas drilling services.
In the week ending on August 10, the oil rig count rose by ten to 869—the highest level since the week ending March 6, 2015. The oil rig count has broken the range of 858–863. The oil rig count had been in this range since the week ending May 25.
Transocean's stock moved 8.36% lower Monday, to close the day at $11.51. The stock recorded a trading volume of 21,663,566 shares, which was above its three months average volume of 12,283,580 shares. In the last year, Transocean's shares have traded in a range of 7.20 - 14.34.
The number of active rigs was four less than the highest level in more than three years. The US oil rig count tends to follow US crude oil prices with a three to six-month lag.
Rowan Companies (RDC) released its second-quarter results on August 1 before the markets opened. The offshore drilling contractor earned revenue of $241 million, beating Reuters’ consensus estimate by 15.9%. On July 31, Rowan Companies announced that ARO Drilling secured six three-year contracts with Saudi Aramco for Rowan’s jackup rigs currently operating in Saudi Arabia.
Rising oil prices have fueled a nice rally in energy stocks. But oil-services firms—which supply equipment and services to exploration and production companies—have been left in the oil patch’s dust. The ...
On July 26, after Ensco (ESV) released its second-quarter results, Jefferies raised the company’s target price to $6.5 from $6 and maintained a “hold” rating on the stock. Earlier in the month, Susquehanna raised Ensco’s target price to $7 from $5.
In Week 30, which ended July 27, Transocean (RIG) released its quarterly fleet status report. A fleet status report includes contract information, drilling status, and planned out-of-service time for every rig. The fleet status report showed new contracts and extensions.
Transocean Ltd. (RIG) announced today that the harsh environment semisubmersible Henry Goodrich was awarded a one-year contract extension offshore Eastern Canada with Husky Oil Operations Limited. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.
The US offshore rig count in Week 30, which ended July 27, was 16, one less than the previous week and eight less YoY (year-over-year).
Offshore drilling stocks had mixed returns in Week 30, which ended July 27. The best performer during the week was Seadrill (SDRL). Noble Corporation (NE) was the weakest performer among its peers.
Rowan Companies (RDC) is set to release its second-quarter results tomorrow (August 1) before the markets open. Let’s see what analysts expect.
Transocean (RIG) released its second-quarter results yesterday after the markets closed. The company earned revenue of $790 million—3.18% higher than Reuters’s analyst estimate of $75.6 million. Revenues were 11.1% higher year-over-year and 26% higher sequentially. Transocean’s revenue was supported by higher revenue efficiency and utilization for the company’s ultra-deepwater fleet. Revenue efficiency rose to 97.4% in Q2 2018, compared to 91.5% in the prior quarter.
Ensco’s (ESV) operating cash flows represent the cash flows from its core operations. In the first half of 2018, Ensco had negative cash flows from operations of $18 million—compared to its positive cash flow of ~$130.5 million in the first half of 2017. Ensco’s capex for the first half of 2018 was $331.9 million, which included $277.7 million in a payment towards new rig construction.