Offshore Drillers Decline After Seadrill Suspends Dividend (SDRL) (RIG) (DO) (NADL)
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Goldman Sachs Upgrades Seadrill Ltd. (SDRL) to Neutral
November 28, 2014 8:14 AM ESTGoldman Sachs upgraded Seadrill Ltd. (NYSE: SDRL) from Sell to Neutral.
Analyst Henry Tarr said, "We upgrade Seadrill to Neutral From Sell following sharp underperformance. The stock fell 18% yesterday (November 26) after the company suspended its dividend distributions due to the challenging market... More
Diamond Offshore (DO), Transocean (RIG) Will Eventually Follow Seadrill (SDRL) in Cutting Dividend, Says Wells Fargo
November 26, 2014 9:51 AM ESTWells Fargo maintained an Underperform rating on Seadrill Ltd. (NYSE: SDRL). Comments follow its Q3 results, which analyst Judson E. Bailey described as modestly below forecast. More importantly, Seadrill said it will suspend its dividend.
Bailey noted that Seadrill will... More
North Atlantic Drilling Ltd. (NADL) Misses Q3 EPS by 3c, Revenue Beats, to Suspend Dividends
November 26, 2014 8:35 AM ESTNorth Atlantic Drilling Ltd. (NYSE: NADL) reported Q3 EPS of $0.29, $0.03 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $356.2 million versus the consensus estimate of $337 million. North Atlantic Drilling resolves to suspend the regular cash dividends
For earnings history and... More
