Vantage Drilling Company (NYSEMKT:VTG) Shows Positive Quarterly Earning Report


Dallas, Texas 03/25/2014 (FINANCIALSTRENDS) – Vantage Drilling (NYSE:VTG) issued the company’s quarterly earnings report recently. It reported earnings per share of $0.09 for the reported quarter, which beat the average analyst projection of $0.08 by $0.01. Vantage Drilling Company (NYSEMKT:VTG) reported its revenue of $238.54M for the same quarter, in comparison to the average projection of $222.26 million. In the same quarter of the previous year, Vantage Drilling Company (NYSEMKT:VTG) posted its earnings per share of $0.04. The company’s revenue for the quarter rose 93.9% on a year on year basis.

Recently, numerous analysts have commented on the Vantage Drilling Company (NYSEMKT:VTG) stock. Analysts at the FBR Capital Markets firm have initiated coverage on Vantage Drilling Company (NYSEMKT:VTG) shares in a research note on 6 December. They have assigned a rating of “market perform” on the stock. Two investment-analysts have assigned a “hold” rating and 3 have assigned a “buy” rating to the company stock. Currently, the company has an average “buy” rating and the average PT is $4.00.

Vantage Drilling Company (NYSEMKT:VTG) is a global offshore-drilling company that is focused on the operation of a fleet of drilling-units. Its main business is to contract the drilling units, related -equipment and the work crews mainly on a day-rate basis to drill oil & natural-gas wells for the customers. Vantage Drilling Company (NYSEMKT:VTG) also provides construction- supervision services for, & will also operate and manage, drilling-units that are owned by others. Via its fleet of 5 100%-owned drilling units,

 Vantage Drilling Company (NYSEMKT:VTG) is the provider of offshore contract-drilling services to various oil & natural gas companies. The company’s fleet of owned & managed drilling-units are made up of 4jackup rigs & three drillships. In the year that ended on Dec 31, 2010, Vantage Drilling Company (NYSEMKT:VTG) acquired 55 percent of an interest in the Mandarin Drilling Corporation.

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