From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. OII anticipates results to improve in the second quarter on a consolidated basis, with quarterly EBITDA forecast between $50 and $70 million on higher revenues.įrom thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. The total debt-to-total capital was 58.3%. As of Mar 31, 2022, Oceaneering had cash and cash equivalents worth $438 million and long-term debt of $701.8 million. The capital expenditure in the first quarter, including acquisitions, summed at $19.3 million. The outperformance was largely due to strong results in certain segments. Oceaneering International OII reported a first-quarter 2022 adjusted loss of 6 cents per share, narrower than the Zacks Consensus Estimate of a loss of 10 cents. Chevron paid out $2.7 billion in dividends and bought back $1.3 billion worth of its shares. The strong quarterly earnings were driven by higher realizations of commodity prices.īP's net debt, including leases, was $36,129 million at the end of the first quarter versus $42,380 million in the prior-year quarter. BP announced plans to execute a $2.5-billion share buyback, which is expected to complete before reporting the second-quarter results.Ĭhevron Corporation CVX reported first-quarter adjusted earnings per share of $3.36, missing the Zacks Consensus Estimate of $3.44 on weaker-than-expected performance from the downstream segment.Īs of Mar 31, Chevron had $11.7 billion in cash and cash equivalents, and total debt of $29.3 billion, with a debt-to-total capitalization of 16.7%. The bottom line beat the Zacks Consensus Estimate of earnings of $1.41 per share. Recent ReleasesīP plc BP reported first-quarter 2022 adjusted earnings of $1.92 per American Depositary Share on a replacement-cost basis, excluding non-operating items. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Rank #3 (Hold) company projects total capital expenditure of $15-$17 million for the year. Guidanceįor 2022, Dril-Quip revised its expectation of product bookings upward to $60-$80 million from the prior projection of $40-$60 million. On Tuesday, Dril-Quip Inc (DRQ:NYQ) closed at 25.65, 34.29 above the 52 week low of 19.10 set on Sep 26, 2022. The value of a company is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. has a 1 year low of 19.10 and a 1 year high of 35.95. Interactive chart of historical stock value for Dril-Quip over the last 10 years. The stock has a 50 day simple moving average of 24.08 and a 200 day simple moving average of 27.32. The stock has a market cap of 888.42 million, a P/E ratio of 76.47 and a beta of 1.05. The company’s balance sheet is free of debt load, which highlights a sound financial position. Shares of DRQ stock opened at 26.00 on Thursday. As of Mar 31, 2022, its cash balance was $338 million.
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