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Last 1.20 NOK
Change Today +0.01 / 0.84%
Volume 890.8K
As of 10:25 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

archer ltd (ARCHER) Snapshot

Open
1.24 NOK
Previous Close
1.19 NOK
Day High
1.26 NOK
Day Low
1.19 NOK
52 Week High
09/3/14 - 11.00 NOK
52 Week Low
09/2/15 - 1.18 NOK
Market Cap
695.0M
Average Volume 10 Days
1.6M
EPS TTM
-0.25 NOK
Shares Outstanding
579.2M
EX-Date
--
P/E TM
--
Dividend
--
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.

7,150 Employees
Last Reported Date: 07/31/15

archer ltd (ARCHER) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

archer ltd (ARCHER) Key Developments

Archer Announces Addition of Ted Pastva as CFO

Archer announced that Ted Pastva, Jr. has joined it’s executive leadership team as chief financial officer. Pastva brings 27 years of experience in corporate financial management to the firm. Pastva joins Archer with experience ranging from corporate financial planning to acquisitions to investment policy. Pastva joins Archer from GrubHub, where he served as vice president of finance and administration.

Archer Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Archer Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $388.9 million against $552.0 million a year ago. Operating loss was $39.6 million against operating income of $14.6 million a year ago. Loss from continuing operations before income taxes was $53.5 million against $5.8 million a year ago. Loss from continuing operations was $47.1 million or $0.08 per basic and diluted share against $10.8 million or $0.02 per basic and diluted share for the same period in the last year. Net loss was $47.7 million or $0.08 per basic and diluted share against $11 million or $0.02 per basic and diluted share a year ago. Earnings before interest, taxes, depreciation and amortization or EBITDA, were a loss of $1.9 million compared to $58.1 million for the first quarter 2015. Normalized EBITDA, excluding restructuring costs and the effect from one time cancellation fees in both periods, second quarter 2015 EBITDA decreased from $25.8 million to $4.5 million, a reduction of $21.3 million or 82.6%. Cash flow from operations for the three months ended June 30, 2015, was $28.9 million, which is comprised primarily of the net loss of $47.7 million, add back for depreciation and amortization from continuing operations of $37.7 million, add back expenses for share based compensation of $0.7 million less $6.5 million relating to increase in inventory stock, and finally add back $44.9 million due to the decrease in accounts receivable and other assets, offset by increase in accounts payable. Capital expenditures for continuing operations during the quarter amounted to $16.3 million, representing predominantly maintenance related spending. Total net interest-bearing debt at June 30, 2015, was $793.9 million compared to $795.8 million as of March 31, 2015. For the six months, the company reported total revenues of $890.5 million against $1,056.8 million a year ago. Operating loss was $15.0 million against operating income of $17.1 million a year ago. Loss from continuing operations before income taxes was $65.0 million against $10.6 million a year ago. Loss from continuing operations was $62.6 million or $0.11 per basic and diluted share against $18.9 million or $0.03 per basic and diluted share for the same period in the last year. Net loss was $62.6 million or $0.11 per basic and diluted share against $19.5 million or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $48.3 million against $52.7 million a year ago. Capital expenditures were $82.8 million against $90.7 million for the same period in the last year.

Archer Limited, Q2 2015 Earnings Call, Jul 31, 2015

Archer Limited, Q2 2015 Earnings Call, Jul 31, 2015

 

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