Diamond Offshore Announces Fourth Quarter 2015 Results

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Diamond Offshore (DO): Near-term Resilience, Long-term Opportunity

February 9, 2016 10:57 AM EST

Jefferies analyst, Eduardo Royes, seems to be warming up to Diamond Offshore (NYSE: DO) as he raised his price target but left the rating unchanged. The PT goes to $20 from $18 but he maintained his Neutral rating.

Estimates for DO remains most resilient versus peers through the medium-term and DO is levered to higher... More

Diamond Offshore Drilling (DO) Posts Q4 GAAP Loss of $1.79/Share; Discontinues Dividend

February 8, 2016 6:12 AM EST

Diamond Offshore Drilling (NYSE: DO) reported Q4 EPS of ($1.79), which may not compare with the analyst estimate of $0.54. Revenue for the quarter came in at $556 million versus the consensus estimate of $515.63 million.

Results for the quarter included a non-cash charge of $499 million... More

Diamond Offshore (DO), GE (GE) Enter BOP Service Agreement; GE Will Acquire Four BOP Systems

February 8, 2016 6:08 AM EST

Diamond Offshore Drilling, Inc. (NYSE: DO) and GE Oil & Gas (NYSE: GE) announced the offshore drilling industry's first-of-its-kind contractual service agreement (CSA) that transfers full accountability for BOP performance to GE Oil & Gas. In this Pressure Control by the Hour model, Diamond Offshore will compensate GE Oil & Gas only when the BOP is available. This 10-year collaborative arrangement for GE's engageDrilling Services showcases a new way of thinking to drive continuous improvement in deepwater drilling.

The arrangement will include GE purchasing the BOP systems... More

Loews Corp. (L) Reports Q4 Loss of $0.58/Share

February 8, 2016 6:04 AM EST

Loews Corp. (NYSE: L) reported Q4 EPS of ($0.58), versus $0.55 reported last year. Revenue for the quarter came in at $3.36 million, versus $3.52 million reported last year.

The three months and full year of 2015 included a reserve charge of $177 million (after tax and noncontrolling... More