Vantage Drilling (VTG) Beats 4Q EPS by $0.01

Vantage Drilling Company (VTG) on Friday reported fiscal results for the fourth quarter 2014.

In its quarterly report, the offshore drilling firm said it earned $0.04 per share,  one penny above the $0.03 per share analysts were expecting. Revenue fell 9.5% yoy to $215.9 million, below views for $219.25 million.

For full-year 2014, the company reported net income of $42 million, or $0.14 per share, swinging to a profit in the period. VTG reported a net loss of $81.8 million or ($0.27) per share for the same period in 2013. Revenue/14 was reported as $875.6 million.

On valuation measures, Vantage Drilling Co. shares, which currently have an average 3-month trading volume of 1.26 million shares, trade at a trailing-12 P/E of 1.84 and a forward P/E of 1.88. The median Wall Street price target on the name is $0.65 with a high target of $1.90. Currently ticker boasts 3 ‘Buy’ endorsements, compared to 8 ’Holds’ and no ‘Sell’.

Profitability-wise, VTG has a t-12 profit and operating margin of 7.13% and 38.87%, respectively. The $110.22 million market cap company reported $82.81 million in cash vs. $2.6 billion in debt in its most recent quarter.

VTG currently prints a one year loss of about 79.65% and a year-to-date loss of around 26.74%.

The chart below shows where the equity has traded over the last 52 weeks.

Vantage Drilling Co. provides offshore contract drilling services to the oil and natural gas companies in the United States and internationally. The company was founded in 2007 and is based in Houston, Texas.

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