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Last 2.73 NOK
Change Today -0.05 / -1.80%
Volume 362.7K
As of 10:25 AM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

archer ltd (ARCHER) Snapshot

2.80 NOK
Previous Close
2.78 NOK
Day High
2.80 NOK
Day Low
2.73 NOK
52 Week High
07/7/14 - 12.40 NOK
52 Week Low
03/5/15 - 1.98 NOK
Market Cap
Average Volume 10 Days
-0.19 NOK
Shares Outstanding
Dividend Yield
Current Stock Chart for ARCHER LTD (ARCHER)

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archer ltd (ARCHER) Details

Archer Limited, an oilfield service company, provides various oilfield products and services to the oil and gas industry. The company provides cementing technology and tools, casing exit services, platform drilling, land drilling, directional drilling, pressure control, pressure pumping, integrity testing, engineering, production monitoring, perforating, and fishing services. It also offers coiled tubing, snubbing, well cleaning, well imaging, well integrity, and wireline well intervention services. In addition, the company provides gate valves, gas tight plugs, modular rigs, calipers, and integrity management tools; rents various equipment comprising drill pipes, tubings, Hevi and Spiral Wate drill pipes, and drill collars, as well as handling and support equipment for its tubular products; and offers survey and inspection services. It operates in Angola, Argentina, Australia, Bolivia, Brazil, Congo, Denmark, Malaysia, Nigeria, Norway, Qatar, Saudi Arabia, Singapore, the United Arab Emirates, the United Kingdom, and the United States. The company was formerly known as Seawell Limited and changed its name to Archer Limited in May 2011. Archer Limited is based in Hamilton, Bermuda.

7,600 Employees
Last Reported Date: 05/4/15

archer ltd (ARCHER) Top Compensated Officers

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Executives, Board Directors

archer ltd (ARCHER) Key Developments

Archer Limited Provides Earnings Guidance for the Second Quarter of 2015

Archer Limited expects a lower than anticipated financial performance in the second quarter 2015 as compared with guidance provided at the end of the first quarter 2015.

Archer Limited Announces Changes to the Board of Directors

Archer Limited announced that the Board of Directors has appointed Alf Ragnar L-vdal, Orjan Svanevik and Harald Thorstein as Directors to fill vacant positions. Mr. Løvdal is Chief Executive Officer of North Atlantic Drilling Limited since January 2013 and has served as Senior Vice President for Seadrill in the Asia Pacific region from April 2009 until December 2012. Mr. Svanevik is an employee of the Seatankers Group and a director of Seadrill Limited. He was previously Managing Director for the investment advisory firm, Oavik Capital. Mr. Thorstein is an employee of Frontline Corporate Services since 2011, prior to which he was employed in the Corporate Finance division of DnB NOR Markets from 2008 to 2011, specializing in the offshore and shipping sectors. Cecilie Fredriksen has resigned from the Board of Directors with immediate effect.

Archer Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Capital Expenditures Guidance for 2015; Provides Revenue Guidance for the Second Quarter of 2015

Archer Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $501.6 million, compared to $504.8 million a year ago. Operating profit was $24.6 million compared to $2.5 million a year ago. Loss from continuing operations before income taxes was $11.5 million compared to $4.8 million a year ago. Loss from continuing operations was $14.9 million or $0.03 per basic and diluted share compared to $8.1 million or $0.01 per basic and diluted share a year ago. Net loss was $14.9 million or $0.03 per basic and diluted share compared to $8.5 million or $0.01 per basic and diluted share a year ago. Net cash provided by operating activities was $19.4 million compared to $31.5 million a year ago. Capital expenditures was $66.6 million against $59.3 million a year ago. EBITDA was $58.1 million against $39.5 million a year ago. The company adjusted planned capital expenditures for 2015 to a total of approximately $150 million, out of which $70 million relates to the new land rigs in Argentina, which have been largely completed during the first quarter, and the remaining CAPEX represents predominantly maintenance CAPEX. The company expects second quarter 2015 revenue to be approximately 15% to 20% below the first quarter.


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Odfjell Drilling Ltd 6.55 NOK +0.05
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