The Rising Influence of Rising Affluence

[DewDiligence]

How GoM Moratorium Affects Drillers/Service Companies

In a 6/21/10 report, Citi analysts revised 2010-2012 EPS forecasts
and target prices for drillers and oil-service companies as follows.
DRC is the only listed company that is not adversely affected.
(CLB is not listed because Citi does not follow it.)

 
       Trgt Price  2010 EPS    2011 EPS    2012 EPS  
       (Old)(New) (Old)(New)  (Old)(New)  (Old)(New) 
 BHI     53  47    2.05 1.95   3.00 2.95   3.95 3.95 
 CAM     45  42    2.30 2.25   2.90 2.85   3.40 3.40 
 DO     103  75    8.60 7.90   9.45 8.00   9.50 6.65 
 DRC     43  43    1.95 1.95   2.40 2.40   3.00 3.00 
 ESV     54  42    4.10 3.90   5.55 4.55   7.45 5.50 
 FTI     77  69    2.90 2.90   3.30 3.20   4.20 4.10 
 HAL     43  34    1.45 1.40   2.00 1.95   2.75 2.70 
 HP      62  54    2.35 2.35   2.40 2.40   3.10 3.10 
 NBR     33  28    1.00 1.00   1.50 1.50   2.30 2.30 
 NE      49  39    5.30 5.20   5.60 5.00   5.70 5.70 
 NOV     56  44    3.55 3.55   3.00 3.00   3.35 3.35 
 PDE     31  27    1.85 1.85   3.45 3.00   4.00 3.15 
 PTEN    20  17    0.25 0.25   0.50 0.50   0.70 0.70 
 RDC     29  27    2.60 2.60   2.20 2.20   3.05 3.05 
 RIG     98  72    8.60 8.45  11.20 9.60  11.65 8.85 
 SII     64  54    1.25 1.20   1.85 1.80   2.60 2.60 
 SLB     92  77    2.95 2.90   3.65 3.60   4.70 4.65 
 WFT     25  19    0.57 0.53   1.25 1.25   1.95 1.95

Source: http://www.citigroupgeo.com/pdf/SNA58257.pdf