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Oil field services firm Oceaneering International Inc. OII has announced the procurement of an umbilical contract from Shell Offshore Inc. − an affiliate of integrated energy major Royal Dutch Shell plc RDS.A.
Per the agreement, Oceaneering is expected to provide umbilicals for the development of Appomattox and Vicksburg deepwater fields, situated in the Mississippi Canyon region of the U.S. Gulf of Mexico.
Oceaneering will likely start manufacturing umbilicals at its Panama City, FL-based facility by the fourth quarter of this year. The construction is anticipated to be completed by the third quarter of 2017.
Houston, TX based Oceaneering provides engineered services and products to oil and natural gas offshore players. The company boasts strong earnings which comfortably surpassed the Zacks Consensus Estimate in the second quarter of 2015. Moreover, Oceaneering surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average positive surprise of 6.83%.
U.K.-based Royal Dutch Shell is one of the largest integrated energy firms in the world with a strong and diversified portfolio of development projects that offer attractive long-term opportunities.
However, weakness in crude prices for more than a year will likely have a negative impact on the future earnings of both Oceaneering and Royal Dutch Shell.
Currently, both Oceaneering and Royal Dutch Shell carry a Zacks Rank #3 (Hold), which implies that the stocks will perform in line with the broader U.S. equity market over the next one to three months.
Meanwhile, some better-ranked players in the energy sector are Warren Resources Inc. WRES and Seadrill Partners LLC SDLP. Both stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ROYAL DTCH SH-A (RDS.A): Free Stock Analysis Report OCEANEERING INT (OII): Free Stock Analysis Report SEADRILL PTNRS (SDLP): Free Stock Analysis Report WARREN RSRCS (WRES): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Royal Dutch Shell
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CODE : RDSA.AS |
ISIN : US7802592060 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Royal Dutch Shell is a oil producing company based in Netherlands. Royal Dutch Shell is listed in Germany, in Netherlands, in United Kingdom and in United States of America. Its market capitalisation is €UR 187.4 billions as of today (US$ 214.0 billions, € 191.9 billions). Its stock quote reached its highest recent level on May 24, 2018 at €UR 31.38, and its lowest recent point on October 30, 2020 at €UR 10.10. Royal Dutch Shell has 8 222 179 840 shares outstanding. |