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Revision History For: Santa Fe International (SDC)

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I started this subject for anyone else interested in this rapidly growing offshore drilling company. Saloman initiated coverage yesterday with a buy rating and a target price of $55.

"Santa Fe enjoys unparalleled international diversity, and has a number of attractive growth opportunities, and has a number of attractive growth opportunities, with many of its rigs rolling over to new, higher priced contracts over the next year," Urness said in a research note.

The Saloman analyst estimates that the company will earn $1.89 per share in 1997, $2.90 in 1998 and $3.90 in 1999.

First Call shows estimates of $1.90 for the FY ending Dec 97, and $2.94 for FY 98. These estimates are based on the averages of 6 analysts.