On Tuesday, Shares of Seadrill Ltd (NYSE:SDRL), added 1.31% and closed at 2.32 in the last trading session. The last trading range of the stock ranges between $2.26 and2.39. Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regardingsemi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters. The Jack-up Rigs segment offers services, such as drilling, completion, and maintenance of offshore exploration and production wells. This segments drilling contracts relate to jack-up rigs for operations in harsh and benign environment. As of March 31, 2016, the company had a fleet of 879 units, counting 121 drillships, 185 semi-submersible rigs, 536 jack-up rigs, and 37 tender rigs.
PPL Corp (NYSE:PPL), jumped 1.06% and closed at $33.41 in the last trading session. The last trading range of the stock ranges between 33.02and33.47. The company’s Market capitalization is $22.75 Billion with the total Outstanding Shares of 678.09 million. PPL Corporation (PPL) will conduct a conference call and webcast at 8:30 a.m. Eastern Daylight Time Wednesday, Oct. 12, to provide financial analysts an update on the company’s strategy to protect the value of its United Kingdom earnings from potential declines in British pound sterling exchange rates.
PPL has long maintained an effective hedging program to mitigate foreign currency risk. As part of that program and in response to recent exchange rate volatility, the company has executed additional hedges that will bolster its ability to deliver on long-range growth projections.
During the webcast, William H. Spence, PPL chairman, president and Chief Executive Officer, and Vincent Sorgi, senior vice president and Chief Financial Officer, will detail the company’s most recent actions, answer questions regarding PPL’s hedging strategy, and reaffirm PPL’s earnings forecasts for 2016 and 2017, in addition to its projection of 5 to 6 percent compound annual earnings growth from 2017 to 2020.
PPL’s 2016 forecast of stated earnings remains $2.43 to $2.63 per share, reflecting special items recorded through the second quarter of 2016, while its 2016 forecast of ongoing earnings remains $2.25 to $2.45 per share. Its 2017 earnings forecast remains $2.05 to $2.25 per share, with a midpoint of $2.15 per share.