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Transocean, Borr Drilling cut to Neutral at BTIG » 16:54
03/31/20
03/31
16:54
03/31/20
16:54
RIG

Transocean

$1.17 /

+0.02 (+1.75%)

, BORR

Borr Drilling

$0.48 /

-0.03 (-5.88%)

BTIG analyst Gregory…

BTIG analyst Gregory Lewis cuts Transocean (RIG) and Borr Drilling (BORR) to Neutral, stating that while most offshore drillers had extended their runways and increased liquidity over the last few years, the collapse in oil prices and a slowdown in oil demand looks like a "nail in the coffin" for most offshore names. The analyst adds that any recovery in the offshore drilling industry has likely been pushed back another 2-3 years in what appears to be a 10-year downturn. Lewis further cites the collapse in Transocean's 2027 bonds below 50 while pointing to Borr's over-leveraged balance sheet.

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Transocean downgraded to Neutral from Buy at BTIG » 16:44
03/31/20
03/31
16:44
03/31/20
16:44
RIG

Transocean

/

+

BTIG analyst Gregory…

BTIG analyst Gregory Lewis downgraded Transocean to Neutral from Buy.

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Over a week ago
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Transocean downgraded to Neutral from Outperform at Credit Suisse » 07:56
03/20/20
03/20
07:56
03/20/20
07:56
RIG

Transocean

/

+

Credit Suisse analyst…

Credit Suisse analyst Jacob Lundberg downgraded Transocean to Neutral from Outperform with a price target of $2, down from $8, saying the current oil price environment likely shifts any meaningful recovery in deepwater rig pricing out to 2022+. While he is less constructive on the group as a whole, Lundberg tells investors that Transocean is still his favorite offshore driller owing to its high quality UDW fleet, niche ultra harsh fleet, and by far the strongest balance sheet/backlog/liquidity profile in his offshore drilling coverage universe.

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Transocean downgraded to Neutral from Outperform at Credit Suisse » 06:53
03/20/20
03/20
06:53
03/20/20
06:53
RIG

Transocean

/

+

Credit Suisse analyst…

Credit Suisse analyst Jacob Lundberg downgraded Transocean to Neutral from Outperform with a $2 price target.

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Transocean downgraded to Equal Weight from Overweight at Barclays » 07:43
03/19/20
03/19
07:43
03/19/20
07:43
RIG

Transocean

$1.09 /

-0.245 (-18.42%)

Barclays analyst David…

Barclays analyst David Anderson downgraded Transocean to Equal Weight from Overweight with a $1.50 price target.

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Transocean upgraded to Buy from Hold at DNB Markets » 08:39
03/18/20
03/18
08:39
03/18/20
08:39
RIG

Transocean

$1.33 /

+0.035 (+2.70%)

DNB Markets analyst…

DNB Markets analyst Martin Huseby Karlsen upgraded Transocean to Buy from Hold with a $2.50 price target.

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Transocean downgraded to Equalweight from Overweight at Capital One » 09:17
03/17/20
03/17
09:17
03/17/20
09:17
RIG

Transocean

/

+

Capital One analyst Luke…

Capital One analyst Luke Lemoine downgraded Transocean to Equalweight from Overweight.

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On The Fly
Fly Intel: Apple upgrade, drillers downgrades among top Wall Street calls » 09:45
03/13/20
03/13
09:45
03/13/20
09:45
AAPL

Apple

$265.16 /

+16.91 (+6.81%)

, CTVA

Corteva

$23.80 /

+1.47 (+6.58%)

, FMC

FMC Corporation

$77.57 /

+ (+0.00%)

, LIN

Linde plc

$173.54 /

+15.42 (+9.75%)

, SHW

Sherwin-Williams

$483.70 /

+ (+0.00%)

, MOS

Mosaic

$9.71 /

+ (+0.00%)

, VNTR

Venator Materials

$1.82 /

+ (+0.00%)

, RIG

Transocean

$1.62 /

+0.29 (+21.80%)

, TTI

Tetra Technologies

$0.38 /

+0.0151 (+4.14%)

, DO

Diamond Offshore

$1.42 /

+ (+0.00%)

, NE

Noble Corp.

$0.25 /

+ (+0.00%)

, VAL

Valaris

$0.64 /

+ (+0.00%)

, NINE

Nine Energy Service

$1.07 /

+0.025 (+2.39%)

, NCSM

NCS Multistage

$0.82 /

+ (+0.00%)

, APY

Apergy

$6.65 /

+ (+0.00%)

, BKR

Baker Hughes

$10.71 /

+ (+0.00%)

, FTSI

FTS International

$0.24 /

+ (+0.00%)

, HP

Helmerich & Payne

$16.75 /

+0.82 (+5.15%)

, HFC

HollyFrontier

$21.35 /

+1.89 (+9.71%)

, LBRT

Liberty Oilfield Services

$2.86 /

+ (+0.00%)

, NOV

National Oilwell

$8.70 /

+ (+0.00%)

, OII

Oceaneering

$3.15 /

+ (+0.00%)

, OIS

Oil States

$2.53 /

+0.095 (+3.90%)

, PTEN

Patterson-UTI

$2.11 /

+ (+0.00%)

, PUMP

ProPetro Holding

$4.01 /

+0.015 (+0.38%)

, RNGR

Ranger Energy

$4.29 /

+ (+0.00%)

, SLB

Schlumberger

$15.79 /

+1.37 (+9.50%)

, CCL

Carnival

$18.40 /

+3.425 (+22.87%)

, RCL

Royal Caribbean

$37.16 /

+6.64 (+21.76%)

, NCLH

Norwegian Cruise Line

$13.45 /

+3.76 (+38.80%)

Check out today's top…

Open Full Text

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Downgrade
Drillers downgraded at Wells Fargo on recent sell off in commodity prices » 06:56
03/13/20
03/13
06:56
03/13/20
06:56
DO

Diamond Offshore

$1.42 /

+0.015 (+1.07%)

, NE

Noble Corp.

$0.25 /

-0.0003 (-0.12%)

, VAL

Valaris

$0.64 /

-0.0076 (-1.17%)

, NINE

Nine Energy Service

$1.05 /

+0.005 (+0.48%)

, NCSM

NCS Multistage

$0.82 /

-0.28 (-25.45%)

, TTI

Tetra Technologies

$0.37 /

-0.0851 (-18.91%)

, APY

Apergy

$6.65 /

-1.465 (-18.06%)

, BKR

Baker Hughes

$10.71 /

-2.02 (-15.87%)

, FTSI

FTS International

$0.24 /

-0.0207 (-7.81%)

, HP

Helmerich & Payne

$15.93 /

-4.07 (-20.35%)

, HFC

HollyFrontier

$19.46 /

-2.67 (-12.07%)

, LBRT

Liberty Oilfield Services

$2.86 /

-0.395 (-12.15%)

, NOV

National Oilwell

$8.70 /

-1.68 (-16.18%)

, OII

Oceaneering

$3.15 /

-0.37 (-10.51%)

, OIS

Oil States

$2.44 /

-0.215 (-8.11%)

, PTEN

Patterson-UTI

$2.11 /

+0.02 (+0.96%)

, PUMP

ProPetro Holding

$4.00 /

+0.235 (+6.25%)

, RNGR

Ranger Energy

$4.29 /

+1.24 (+40.66%)

, SLB

Schlumberger

$14.42 /

-2.97 (-17.08%)

, RIG

Transocean

$1.33 /

-0.035 (-2.56%)

Wells Fargo analyst…

Wells Fargo analyst Christopher Voie downgraded several stocks in the drilling space, citing the recent sell off in commodity prices and degradation in his outlook for OFS. The analyst downgraded Transocean (RIG) and Tetra Technologies (TTI) to Equal Weight from Overweight and Diamond Offshore (DO), Noble Corp (NE), Valaris (VAL), Nine Energy Service (NINE) NCS Multistage (NCSM) to Underweight from Equal Weight. Additionally, the firm lowered its price targets for Apergy (APY) to $32 from $16, for Baker Hughes (BKR) to $25 from $33, for FTS International (FTSI) to 50c from $1.75, for Helmerich & Payne (HP) to $20 from $34, for HollyFrontier (HFC) to $26 from $50, for Liberty Oilfield Services (LBRT) to $7 from $14, for National Oilwell Vargo (NOV) to $13 from $26, for Oceaneering (OII) to $5 from $14, for Oil States (OIS) to $3.50 from $11, for Patterson-UTI (PTEN) to $1.75 from $7, for ProPetro (PUMP) to $10 from $14, for Ranger Energy (RNGR) to $6 from $9, for Schlumberger (SLB) to $25 from $44 and for Transocean (RIG) to $2 from $8.

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Downgrade
Transocean downgraded to Equal Weight from Overweight at Wells Fargo » 06:36
03/13/20
03/13
06:36
03/13/20
06:36
RIG

Transocean

$1.33 /

-0.035 (-2.56%)

Wells Fargo analyst…

Wells Fargo analyst Christopher Voie downgraded Transocean to Equal Weight from Overweight with a price target of $2, down from $8.

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