We have discontinued coverage of Akastor, Aker, Atwood Oceanics, DOF, Eidesvik Offshore, Farstad Shipping, Kvaerner, Saipem, Sevan Marine, Siem Offshore, Solstad Farstad, and Songa Offshore. Our last published recommendations, target prices and estimates should no longer be relied up.
We have been impressed by the operational and technical achievements of Polarcus. However, as consensus is for a 17% YOY sales increase in 2019, we believe that in the coming months revisions will hinder the shares: thus we maintain HOLD, while we have cut our target price to NOK2.2 (2.4) on downward estimate revisions.
Following Q4 reports and multiple capital markets updates, we maintain our forecast that 2018 offshore E&P spending will decline ~5%. At current oil prices, we see meaningful positive cash-flow generation from offshore-focused E&Ps. Yet capital allocation trends towards onshore and strong capital discipline with focus on shareholder returns (including elimination of scrip dividends) remain. Hence, we do not see a near-term significant offshore spending increase and maintain our selective view on...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts. For a trial to Vermilion Research visit our website at www...
The independent financial analyst theScreener just awarded an improved star rating to ATWOOD OCEANICS INCO. (US), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 2 out of 4 possible stars. Given its market behaviour as risky, theScreener considers that these elements allowing slightly upgrading its general evaluation to Slightly Negative; the title, however, remains unattractive. As of the analysis da...
CORPORATES CREDIT OPINION 22 June 2017 Update RATINGS Atwood Oceanics, Inc. Domicile Houston, Texas, United States Long Term Rating Caa1 Type LT Corporate Family Ratings - Dom Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts John Thieroff 212-553-7853 VP-Senior
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Atwood Oceanics, Inc. (NYSE: ATW) (“Atwood” or the “Company”) relating to the proposed buyout of Atwood by Ensco plc. Under the terms of the agreement, Atwood shareholders are anticipated to receive 1.60 shares of Ensco for each share of Atwood common stock held. This represents a ...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Atwood Oceanics, Inc. (NYSE: ATW) stock prior to May 30, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Atwood to Ensco plc for 1.60 of Ensco per Atwood share. This represents a value of approximately $10.72 per share. To learn more about the action and your rights, go to: http://www.zlkdocs.com...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Atwood Oceanics, Inc. (NYSE: ATW) (“Atwood” or the “Company”) relating to the proposed buyout of Atwood by Ensco plc. Under the terms of the agreement, Atwood shareholders are anticipated to receive 1.60 shares of Ensco for each share of Atwood common stock held. This represents a ...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Atwood Oceanics, Inc. (NYSE: ATW)? Did you purchase any of your shares prior to May 30, 2017? Do you think the proposed buyout is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Atwood Oceanics, Inc. (“Atwood” or the “Company”) (NYSE: ATW) regarding possibl...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Atwood Oceanics, Inc. (NYSE: ATW) stock prior to May 30, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Atwood to Ensco plc for 1.60 of Ensco per Atwood share. This represents a value of approximately $10.72 per share. To learn more about the action and your rights, go to: http://www.zlkdocs.com...
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
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