Analysts upgraded ratings on Noble Corp (NYSE: NE), Northern Oil & Gas, Inc. (NYSE: NOG), Baker Hughes (NYSE: BHI), Cabot Oil & Gas (NYSE: COG), Carrizo Oil & Gas (NASDAQ: CRZO) and ENSCO PLC (NYSE: ESV).
Dahlman Rose upgraded Noble Corp (NE) from a “hold” rating to a “buy” rating. They have a price target of $48.00 on the company.
CapitalOne Southcoast upgraded Northern Oil & Gas, Inc. (NOG) from an “add” rating to a “strong buy” rating. They have a price target of $37.00 on the company.
Credit Agricole upgraded Baker Hughes (BHI) from an “outperform” rating to a “buy” rating.
Canaccord Genuity upgraded Cabot Oil & Gas (COG) from a “hold” rating to a “buy” rating. They have a price target of $85.00 on the company, up from $58.00.
Howard Weil upgraded Carrizo Oil & Gas (CRZO) from a “market perform” rating to an “outperform” rating. They have a price target of $50.00 on the company, up from $45.00.
Dahlman Rose upgraded ENSCO PLC (ESV) from a “hold” rating to a “buy” rating. They have a price target of $70.00 on the company.
Showing posts with label Ensco. Show all posts
Showing posts with label Ensco. Show all posts
Thursday, June 9, 2011
Thursday, June 3, 2010
Anadarko (NYSE:APC) Declares Force Majeure on Three Gulf Oil Rigs
Anadarko Petroleum Corp (NYSE:APC) announced it has declared force majeure on three oil rigs in the Gulf region as a result of the ban from the Obama administration in not allowing them to drill in the region.
Declaring force majeure means they won't be liable for meeting contract obligations when it's the result of unavoidable and natural accidents or disasters.
Companies whose rigs will be affected, according to UBS analyst Angie Sedita are Diamond Offshore Drilling (NYSE:DO), Noble Corp. (NYSE.NE) and Transocean (NYSE:RIG).
One rig will remain operational by Anadarko, ant that one is owned by Ensco Plc (NYSE:ESV).
Anadarko maintained their guidance on sales and spending projections and the second quarter and overall year.
Declaring force majeure means they won't be liable for meeting contract obligations when it's the result of unavoidable and natural accidents or disasters.
Companies whose rigs will be affected, according to UBS analyst Angie Sedita are Diamond Offshore Drilling (NYSE:DO), Noble Corp. (NYSE.NE) and Transocean (NYSE:RIG).
One rig will remain operational by Anadarko, ant that one is owned by Ensco Plc (NYSE:ESV).
Anadarko maintained their guidance on sales and spending projections and the second quarter and overall year.
Thursday, May 6, 2010
Ensco (NYSE:ESV), Diamond Offshore (NYSE:DO) Better Bets During Crisis?
For investors in the oil industry, it's hard to see past the crisis in the Gulf of Mexico, as oil continues to expand across the area, and focus remains on the negative side of the industry. Until that clears up, companies like Ensco (NYSE:ESV) and Diamond Offshore (NYSE:DO) may be better bets to put our money into for the oil sector.
BP (NYSE:BP), Halliburton (NYSE:HAL), Cameron International (NYSE:CAM) and Transocean (NYSE:RIG) probably should be left alone until more clarity comes concerning lawsuits and who's responsible for what.
Anadarko Petroleum (NYSE:APC) could be another one to at least temporarily avoid, as they have a 25 percent non-operating interest in the Deepwater Horizon oil rig.
Until the legal issues are resolved, there is no way of knowing how far accountability for the accident will go, and how much exposure each company may have.
BP (NYSE:BP), Halliburton (NYSE:HAL), Cameron International (NYSE:CAM) and Transocean (NYSE:RIG) probably should be left alone until more clarity comes concerning lawsuits and who's responsible for what.
Anadarko Petroleum (NYSE:APC) could be another one to at least temporarily avoid, as they have a 25 percent non-operating interest in the Deepwater Horizon oil rig.
Until the legal issues are resolved, there is no way of knowing how far accountability for the accident will go, and how much exposure each company may have.
Monday, May 3, 2010
Transocean (NYSE:RIG), Hero Offshore (Nasdaq:HERO) Have Most Gulf Rigs
Transocean (NYSE:RIG) and Hero Offshore (Nasdaq:HERO) have the largest
number of oil rigs in the Gulf of Mexico, where the Deepwater Horizon
oil rig exploded and resulted in the huge oil spill.
Transocean has the largest number of oil rigs in the Guld with 13,
followed by Hero Offshore's 12. The others rounding out the top five include Diamond Offshore (NYSE:DO) with 10, Ensco (NYSE:ESV) with 8, and Rowan (NYSE:RDC) with 7.
Depending on their future strategy and presence in the Gulf, all these companies will probably ultimately have to pay more to do business in the region, as well as its oil production levels will possibly drop.
number of oil rigs in the Gulf of Mexico, where the Deepwater Horizon
oil rig exploded and resulted in the huge oil spill.
Transocean has the largest number of oil rigs in the Guld with 13,
followed by Hero Offshore's 12. The others rounding out the top five include Diamond Offshore (NYSE:DO) with 10, Ensco (NYSE:ESV) with 8, and Rowan (NYSE:RDC) with 7.
Depending on their future strategy and presence in the Gulf, all these companies will probably ultimately have to pay more to do business in the region, as well as its oil production levels will possibly drop.
Thursday, April 22, 2010
Ensco (NYSE:ESV) Increases Dividend, Upgraded
Ensco (NYSE:ESV) reported a strong quarter which easily beat analysts' estimates, while also announcing a nice increase in its quarterly dividend, driving the share price up over 4 percent.
Revenue for the quarter reached $449 million, or $1.11 a share, beating the estimate of $434.89 million, or $1.01 a share analysts were looking for.
S&P Equity Research liked what is sees with Ensco, and raised its rating for the company from "Sell" to "Buy." They said in a note to clients, "We now see an improved outlook for Ensco's key jackup markets, including the U.S. Gulf of Mexico."
Finally, the Board of Directors of Ensco have declared an increase in the quarterly cash dividend on Class A ordinary share from $0.025 an ordinary share to $0.35 per Class A ordinary share. That's $1.40 on an annual basis.
The dividend is payable to owners of Ensco’s American depositary shares as of June 7, 2010, and will receive payment on June 18, 2010. The yield on the dividens is 2.9 percent.
Revenue for the quarter reached $449 million, or $1.11 a share, beating the estimate of $434.89 million, or $1.01 a share analysts were looking for.
S&P Equity Research liked what is sees with Ensco, and raised its rating for the company from "Sell" to "Buy." They said in a note to clients, "We now see an improved outlook for Ensco's key jackup markets, including the U.S. Gulf of Mexico."
Finally, the Board of Directors of Ensco have declared an increase in the quarterly cash dividend on Class A ordinary share from $0.025 an ordinary share to $0.35 per Class A ordinary share. That's $1.40 on an annual basis.
The dividend is payable to owners of Ensco’s American depositary shares as of June 7, 2010, and will receive payment on June 18, 2010. The yield on the dividens is 2.9 percent.
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