Vantage Drilling Company (NYSEMKT:VTG) Grossly Undervalued


Dallas, Texas 04/10/2014 (FINANCIALSTRENDS) –  Vantage Drilling Company (NYSEMKT:VTG) it appears is a stock which has not been evaluated by analysts with the right perspectives.

Vantage Drilling Company (NYSEMKT:VTG) is currently in phase which experts call ‘shorts’ and consensus is that this oil drill fleet is worth plenty more, considering the assets it currently holds!

With one of the largest management team backing this modern offshore drills fleet. After the company went public 2007, with $8 per share and has achieved remarkable progress by 2014, and is likely to achieve 35 cents in 2015.

Vantage Drilling Company (NYSEMKT:VTG) as one of the international offshore drilling companies has been offering  a variety of services focused on drill fleets. The business line which the company has established is to contract drilling units and other equipment which work crews will operate on the basis of ‘day rates’ as well as drilling for oil, natural gas wells for its cross section of clientele.

Vantage Drilling Company (NYSEMKT:VTG) has a market capital of $515.88 million. The stock trades on the stock market at prices ranging between $.157 and $2.06. EPS for this stock has been in the range of -0.27 and outstanding shares are 305.35million. Beta is 1.81.

Besides, the company has currently been passing through parallel situations. The company has filed a lawsuit against former director- Hsin-Chin Su. Besides, as one of the largest shareholders who has been part of several significant dealings with the company.

The company views that Mr.Su has been in breach of fiduciary duty, torts and fraud against the company. There appears to be an overhang due to   concerns about the volumes of share he wishes to sell.  Analysts believe the shares of this company are valued higher than the ‘shorts’ and of tremendous value to investors. Despite the litigation, it is assumed that the true value of the company will come through by the end of the trading session.