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Tidewater Inc: 1 director

A director at Tidewater Inc sold 351,940 shares at 106.954USD and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Valuation and market update

In this note, we show updated valuation and market statistics for the Offshore Drilling sector.

 PRESS RELEASE

TechnipFMC Awarded Significant iEPCI™ Contract by Woodside Energy for ...

NEWCASTLE & HOUSTON--(BUSINESS WIRE)-- TechnipFMC (NYSE: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Woodside Energy (LON: WDS) in Australia. TechnipFMC will design, manufacture, and install the subsea production system, flexible pipe, and umbilicals for the Xena Infill well (XNA03) to support ongoing production from the Pluto LNG Project. The award follows an integrated front end engineering design (iFEED™) study. The project will use the Company’s production system. Xena Phase 3 will be tied back to exis...

 PRESS RELEASE

Gulf Island Reports First Quarter 2024 Results

Gulf Island Reports First Quarter 2024 Results THE WOODLANDS, Texas, May 07, 2024 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (“Gulf Island” or the “Company”), a leading steel fabricator and service provider to the industrial and energy sectors, today announced results for the first quarter 2024. FIRST QUARTER 2024 SUMMARY Consolidated revenue of $42.9 millionConsolidated net income of $6.2 million; Adjusted EBITDA of $3.7 millionServices Division operating income of $2.9 million; EBITDA of $3.3 millionFabrication Division operating income of $4.7 million; Adjusted...

Moody's Ratings assigns Baa3 ratings to Las Vegas Sands Corp.'s propos...

Moody's Ratings ("Moody's") assigned Baa3 ratings to Las Vegas Sands Corp.'s ("LVS") proposed $1.75 billion senior unsecured notes due 2027, 2029, and 2034. All of the company's ratings, including the existing Baa3 rating on the senior unsecured notes, remain unchanged. The outlook remains stable. ...

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Valuation and market update

In this note, we show updated valuation and market statistics for the Offshore Drilling sector.

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Consensus back in focus and tier-2 deepwater risk

With the start of the Q1 reporting season for Offshore Drilling, we sense increased investor attention on the risk to consensus. Although we like the investment case for its valuation in the out-years (2026), our estimates remain below consensus. We see potential for share price volatility as near-term consensus is revised lower, while investors gradually underwrite 2026 valuations. We also believe the gaps between contracts and increased idle-time risk for tier-2 deepwater rigs are not properly...

 PRESS RELEASE

Gulf Island to Participate in the Sidoti Micro-Cap Virtual Conference

Gulf Island to Participate in the Sidoti Micro-Cap Virtual Conference THE WOODLANDS, Texas, May 01, 2024 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (“Gulf Island” or the “Company”), a leading steel fabricator and service provider to the industrial and energy sectors, today announced that members of its executive management team will participate in the Sidoti Micro-Cap Virtual Conference on Thursday, May 9, 2024. In conjunction with the event, Gulf Island’s Chief Executive Officer, Richard Heo, and Chief Financial Officer, Westley Stockton, will be available to parti...

Helmerich & Payne Inc: 2 directors

Two Directors at Helmerich & Payne Inc sold 25,910 shares at between 40.220USD and 40.490USD. The significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ove...

 PRESS RELEASE

Gulf Island Announces First Quarter 2024 Results Conference Call Date

Gulf Island Announces First Quarter 2024 Results Conference Call Date THE WOODLANDS, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI), a leading steel fabricator and service provider to the industrial and energy sectors, today announced that it will report financial results for the first quarter 2024 after the market close on Tuesday, May 7, 2024. Gulf Island management will hold a conference call on Tuesday, May 7, 2024, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the Company’s financial results. T...

Baptiste Lebacq
  • Baptiste Lebacq

TechnipFMC : Look forward, not backwards (from a share price perspecti...

>Outperform rating, TP raised to $ 31 - Post-release and post-conference call, we are raising our TP to $ 31 (vs $ 25.3 previously), based on a 12m PE multiple of 20x now vs 18x. Although the stock has turned in a solid performance of + 30% YtD (doubling on a 12m-trailing basis!), we still believe it offers upside potential. The adjustments we have made to our 2024/2026 forecasts are solely the result of a heavier tax burden than initially expected. Like most oi...

Baptiste Lebacq
  • Baptiste Lebacq

TechnipFMC : Ne pas regarder derrière (boursièrement) mais devant

>Opinion Surperformance OC relevé à 31 $ - A l’issue de la publication et de la conférence call, nous relevons notre OC à 31 $ (vs 25.3 $ auparavant), ce dernier reste basé sur un multiple de PE 12m désormais de 20x vs 18x. Malgré une performance solide de + 30% YtD (et doublement sur un an glissant !), nous pensons que le titre continue de revêtir du potentiel. L’ajustement de nos attentes 2024/26 provient exclusivement d’une fiscalité plus lourde qu’initialeme...

 PRESS RELEASE

TechnipFMC Announces First Quarter 2024 Results

NEWCASTLE & HOUSTON--(BUSINESS WIRE)-- TechnipFMC plc (NYSE: FTI) (the “Company” or “TechnipFMC”) today reported first quarter 2024 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.         Three Months Ended Change (In millions, except per share amounts) Mar. 31, 2024 Dec. 31, 2023 Mar. 31, 2023 Sequential Year-over- Year Revenue $2,042.0 $2,077.7 $1,717.4 (1.7%) 18.9%...

 PRESS RELEASE

Helmerich & Payne, Inc. Announces Fiscal Second Quarter Results

TULSA, Okla.--(BUSINESS WIRE)-- Helmerich & Payne, Inc. (NYSE: HP) reported net income of $85 million, or $0.84 per diluted share, from operating revenues of $688 million for the quarter ended March 31, 2024, compared to net income of $95 million, or $0.94 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2023. The net income per diluted share for the second and first quarters of fiscal year 2024 include net $0.00 and net $(0.03) of after-tax gains and losses, respectively, comprised of select items(1). For the second quarter of fiscal year 2024, sel...

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Valuation and market update

In this note, we show updated valuation and market statistics for the Offshore Drilling sector.

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