Report
Preston Caldwell
EUR 101.80 For Business Accounts Only

Ensco Issues Dim Outlook for 2018 but Consonant With Our Outlook; Maintaining FVE

Commensurate with our expectations, no-moat Ensco’s fourth-quarter results declined sequentially and annually. With several vessels rolling off contract, revenue checked in at $454 million, 10% lower than the prior year and marginally lower over the quarter. Working to improve rig activity for 2018, Ensco parlayed key market experience into several new agreements and extensions. Emblematic of buoyant harsh environment and shallow water markets, some of the newfound contracts carried multiyear te...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Preston Caldwell

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