Mike Urban

Drillers are selling off sharply following a bearish report from Deutsche Bank. The industry has gained some traction recently as investors collect dividends and wait for a turn around. Deutsche Bank thinks this is a fault, focusing specifically on fleet recapitalization: “We strongly...

On Monday morning, Deutsche Bank analyst Mike Urban downgraded shares of ENSCO plc (NYSE: ESV) from Hold to Sell and lowered the price target from $52 to $41. Urban's downgrade comes amid beliefs that offshore drilling is in the midst of a wholesale re-capitilzation. Commenting on this,...

In a report published Friday, Deutsche Bank Markets Research analyst Mike Urban upgraded shares of Transocean Ltd. (NYSE: RIG) from Sell to Hold due to near-term catalysts and the company's strong backlog. Urban noted that shares of Transocean feel “over-sold.” The analyst added that there is “...