Weak Market Conditions Drive Transocean's 4Q Results Lower; Maintaining FVE
Transocean’s fourth-quarter drilling results were on par with our expectations. Reduced rig activity and lower day rates sank top-line results 16% sequentially. Meanwhile, reactivation and commencement costs lifted drilling expense over the quarter, but in line with guidance. Considering the outcome for the quarter and management’s outlook, we doubt material changes are made to our fair value estimate or our no-moat rating.Results for the quarter reflected several ongoing offshore themes, and w...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.