Bourbon Corp

Bourbon provides offshore oil and gas marine services to clients worldwide, a range of vessels and subsea services. Co. provides its clients with marine resources and equipment and offers them integrated contracts which include: the provision of IMR vessels and underwater robots operated by Co.'s personnel, as well as engineering and management services. Co. is structured around two divisions: Marine Services and Subsea Services. Marine Services provides vessels for exploration, development and production of fields in continental and deepwater offshore. Subsea Services uses Co.'s vessels in installation, inspection, maintenance and repair operations for deepwater offshore facilities.
  • TickerGBB
  • ISINFR0004548873
  • ExchangeEuronext Paris
  • SectorOil Equipment, Services & Distribution
  • CountryFrance

Analysts

Alexandre Iatrides ...
  • Emmanuel Matot
  • Jean-François Granjon
  • Martial Descoutures
  • Pierre Corby
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 05/02/2019

...

Jean-François Granjon

Bourbon : Pending refinancing, target price lowered to € 2 from € 3

>Q1 sales - Bourbon reported € 162.3m in consolidated quarterly sales (€ 165.7m estimated) vs. € 157.6m, close to our expectations, up 2.9%, knowing the base effect was particularly favourable (-23.1%). Sales point to sequential stability (€ 162.2m in Q4 2018) with a 2.8pt sequential increase in the average utilisation rate and virtually stable average daily rates.A great deal of lingering uncertainty - Q1 sales were stable on a sequential basis wi...

Alexandre Iatrides ...
  • Emmanuel Matot
  • Jean-François Granjon
  • Martial Descoutures
  • Pierre Corby
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 02/05/2019

...

Jean-François Granjon

Bourbon : Dans l’attente d’un refinancement – OC abaissé à 2 € (vs 3 €)

>Publication CA T1 - Bourbon publie un CA trimestriel consolidé de 162.3 M€ (165.7 M€ estimés) vs 157.6 M€ proche de nos attentes, en hausse de 2.9% alors que l’effet de base était particulièrement favorable (-23.1%). Il traduit une stabilité séquentielle (162.2 M€ pour le T4 2018) avec une hausse séquentielle de 2.8 points du taux d’utilisation moyen et une quasi-stabilité des tarifs journaliers moyens.Toujours beaucoup d’incertitudes - Le CA T1 se c...

Jean-François Granjon

Bourbon : Pending refinancing, target price lowered to € 2 from € 3

>Q1 sales - Bourbon reported € 162.3m in consolidated quarterly sales (€ 165.7m estimated) vs. € 157.6m, close to our expectations, up 2.9%, knowing the base effect was particularly favourable (-23.1%). Sales point to sequential stability (€ 162.2m in Q4 2018) with a 2.8pt sequential increase in the average utilisation rate and virtually stable average daily rates.A great deal of lingering uncertainty - Q1 sales were stable on a sequential basis wi...

Jean-François Granjon

Bourbon : Dans l’attente d’un refinancement – OC abaissé à 2 € (vs 3 €)

>Publication CA T1 - Bourbon publie un CA trimestriel consolidé de 162.3 M€ (165.7 M€ estimés) vs 157.6 M€ proche de nos attentes, en hausse de 2.9% alors que l’effet de base était particulièrement favorable (-23.1%). Il traduit une stabilité séquentielle (162.2 M€ pour le T4 2018) avec une hausse séquentielle de 2.8 points du taux d’utilisation moyen et une quasi-stabilité des tarifs journaliers moyens.Toujours beaucoup d’incertitudes - Le CA T1 se c...

Ahmed Ben Salem ...
  • Baptiste Lebacq
  • Jean-François Granjon

ODDO : No chance of equilibrium in the oil market without offshore!

With doubts on the growth of non-conventional oil in the US gaining traction, the recovery of already necessary investment in offshore has now become vital to restoring equilibrium in the oil market out to 2025. Cost-cutting measures have rendered these projects very attractive for oil companies which should accelerate the pace of their investment decisions, thus benefiting oil services companies. We prefer Total, RD Shell, Subsea 7, SBM Offshore and GTT. - >The offshore s...

Ahmed Ben Salem ...
  • Baptiste Lebacq
  • Jean-François Granjon

ODDO : Sans offshore point d’équilibre du marché pétrolier !

Alors qu’émergent des doutes de plus en plus forts quant à la dynamique de croissance du pétrole non conventionnel aux Etats-Unis, les investissements en offshore qui étaient déjà nécessaires deviennent aujourd’hui indispensables afin d’équilibrer le marché pétrolier à horizon 2025. Les efforts passés pour réduire les coûts rendent ces projets désormais très attractifs pour les groupes pétroliers qui devraient accélérer leurs prises de décisions d’investissement au profit des soc...

Antoine Boivin-Champeaux ...
  • Aurelien Sivignon
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 03/14/2019

...

Alexandre Iatrides ...
  • Emmanuel Matot
  • Jean-François Granjon
  • Martial Descoutures
  • Pierre Corby
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 05/02/2019

...

Alexandre Iatrides ...
  • Emmanuel Matot
  • Jean-François Granjon
  • Martial Descoutures
  • Pierre Corby
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 02/05/2019

...

Alain William ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Nicolas David
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 02/07/2019

...

Alain William ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Nicolas David
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 07/02/2019

...

Anis Zgaya ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Jerôme Bodin
  • Khaled Ben Amor
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas David
  • Rémi Adam
  • Salma Bouraoui

ODDO BHF Small & MIDCAP MORNING NEWS - 11/08/2018

...

Due to a more favourable environment, BOURBON slightly increases to Neutral

BOURBON (FR), a company active in the Oil Equipment & Services industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as moderately risky. At the fundamental level, theScreener confirms the rating of 0 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Neutral even if it remains under pressure. As of the analysis date March 29, 2019, the closing price was EUR 2.34 and its target price was estimated at EUR 2.22.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Bourbon SA (GBB) - Oil & Gas - Deals and Alliances Profile

Summary Bourbon SA (Bourbon) is a provider of marine and subsea services to the oil and gas industry. The company’s services consist of transport and supply of offshore material, floating production, storage and offloading (FPSO) support, anchor handling, towage and offshore positioning, assistance, salvage and pollution remediation, personnel transport, seismic support, engineering and management of offshore operations, support to the development of offshore fields, and inspection, and maintenance and repair. Besides the provision of marine services and subsea services, it protects the coast...

Jehanne Leroy

Proxy Report - 30/05/2018

Proxinvest apprécie particulièrement la décision de la société de séparer les fonctions de Président du Conseil et de Directeur général. Ceci rencontre non seulement les préconisations de Proxinvest, mais respecte aussi principes de bonne gouvernance en place. Cependant, nous nous opposons à toutes les résolutions sur la rémunération à l’exception du vote sur les rémunérations attribuées au titre de 2017 à Jacques d'Armand de Chateauvieux. En effet, les rémunérations attribuées au titre de 2017 sont mal structurées (absence de rémunération long-terme), et la société manque de transparence, no...

Matthieu DRIOL

Short term view - BOURBON : Prices recovered.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €5.98.

Matthieu DRIOL

Analyse court terme - BOURBON : Les cours se sont repris.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 5,98 €.

Matthieu DRIOL

Analyse court terme - BOURBON : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 4,28 €, puis 4,09 €. Le franchissement de 5,98 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - BOURBON : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €4.28, then €4.09. Passing €5.98 would question the continuation of the fall.

Valérie GASTALDY

Analyse moyen terme - BOURBON : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 4,283 €, puis 3,472 €. Le franchissement de 6,000 € remettrait en cause la suite de la baisse.

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