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Stock Market & Financial Investment News

News Breaks
April 11, 2014
06:58 EDTSDRLSeadrill downgraded at Credit Suisse
As previously reported, Credit Suisse downgraded Seadrill to Neutral from Outperform. The analyst believes Seadrill misjudged the market with the amount of new rigs it built that have not been contracted and believes there is too much funding uncertainty under a backdrop of high debt repayments and softening dayfloater rates. Price target lowered to $30 from $40.
News For SDRL From The Last 14 Days
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August 27, 2015
06:04 EDTSDRLSeadrill reports Q2 operating profit $384M
Operating profit for the quarter was $384 million compared to $703 million in the preceding quarter. The decrease was primarily due to the gain on deconsolidation of SeaMex during the first quarter, and a loss on the sale of the West Polaris to Seadrill Partners during the second quarter. Taken together, these items account for approximately $261 million, or 82%, of the sequential decline in operating profit. Excluding these non-recurring items, operating profit declined 11% sequentially. On a like for like basis, the decline in operating profit can be primarily attributed to the deconsolidation of SeaMex and increased idle time across the fleet.
06:04 EDTSDRLSeadrill achieves 83% economic utilization for floater fleet in Q2
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06:03 EDTSDRLSeadrill reports Q2 EPS 77c, consensus 63c
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August 26, 2015
10:57 EDTSDRLEuropean oilfield service names boosted by M&A speculation, says JPMorgan
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August 25, 2015
18:11 EDTSDRLTranocean tanks after proposing dividend cancellations, peers follow
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