Offshore Oil News

Noteworthy Offshore Oil Updates! ($ATW $ESV)

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We don’t do much with offshore oil here at TKO, but we want to be able to give you updates from time to time. There are a number of companies that are having noteworthy updates. Here are some of the companies that interest us most. Power Hedge gives the need to know details about these stocks.

Atwood Oceanics (ATW) opened at $48.59 on Monday, March 19. The stock closed at $47.45 in after hours trading on Friday, March 23. This gives the stock a loss of $1.14 per share or 2.35% for the week. Atwood opened at $48.32 on March 5. Thus, shareholders in the company suffered a loss of $0.87 or 1.80% over the three-week period.

ATW

Ensco (ESV) opened at $58.28 on Monday, March 19. The stock closed at $54.51 in after hours trading on Friday, March 23. This gives the stock a loss of $3.77 or 6.47% over the week. The stock opened at $56.99 on March 5. The stock thus had a three-week loss of $2.48 or 4.35% over the period. Ensco also went ex-dividend during the three week period. The company will be paying a dividend of $0.375 per share to investors who held the stock on the March 12 ex-dividend date. If we back that out of the period loss, Ensco shareholders experienced a gross loss of $2.105 or 3.69% over the three-week period.

ESV

Remember these stocks. They are worth paying attention to. If you like offshore, hopefully we helped guide you a bit in  the right investment direction!

Quotes taken from report by Power Hedge, Read the entire article here.

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