Streetbeat News

RIG

Transocean Ltd.

https://www.deepwater.com

Industry

Oil & Gas Drilling

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 14, 2022, the company had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deep water and 10 harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.

Open

4.51

Mkt cap

3.7B

Volume

17M

High

4.52

P/E Ratio

-5.27

52-wk high

6.88

Low

4.18

Div yield

N/A

52-wk low

3.85

B of A Securities analyst Chase Mulvehill maintains an Underperform rating on Transocean (NYSE:RIG) and raises the price target from $5.5 to $6.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:17 pm

Transocean Ltd. (NYSE:RIG) and its subsidiary announced the pricing of an upsized private offering of $1.8 billion in Senior Notes, split equally between notes due in 2029 and 2031. The offering aims at eligible purchasers under Rule 144A/Regulation S.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:25 am

Wall Street analysts have updated their price targets and ratings for several companies, including notable changes for CervoMed, Transocean, Sealed Air, Perrigo, Simply Good Foods, Shockwave Medical, Disney, BJ's Wholesale, Douglas Dynamics, and Huntington Bancshares. These adjustments reflect analysts' latest views on these stocks, with various upgrades, downgrades, and price target changes.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:00 pm

Susquehanna analyst Charles Minervino upgraded Transocean (NYSE:RIG) from Neutral to Positive and increased the price target from $5.5 to $9.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:20 am

On CNBC's 'Halftime Report Final Trades,' analysts recommended North Shore Global Uranium Mining ETF (URNM), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Transocean Ltd. (RIG), and Schlumberger Limited (SLB). URNM and IEO were highlighted for their strong setups for future growth, while RIG and SLB were noted for recent business developments. RIG disclosed a significant contract and a narrower-than-expected loss, and SLB announced an acquisition of ChampionX in an all-stock transaction.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 12:51 pm

The CNBC Halftime Report highlighted final trade recommendations including Sprott Uranium Miners ETF (URNM), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Schlumberger N.V. (SLB), and Transocean (RIG). These assets were selected based on their current market positions and potential for future growth.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 5:00 pm

Piper Sandler analyst Ian Macpherson maintains a Neutral rating on Transocean (NYSE:RIG) and lowers the price target from $7 to $6.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:30 pm

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' highlighting Sprout Social's potential despite not making money, expressing caution about MannKind, preferring Bitcoin over Riot Platforms, criticizing Transocean's expansion, praising Dutch Bros' strategy adjustment, and maintaining belief in SoFi Technologies despite a recent convertible note offering. He recommended SLB and Halliburton over Transocean. Recent financial updates and stock movements for these companies were also mentioned.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 2:13 pm

The Cooper Companies reported better-than-expected Q1 financial results and raised guidance, leading to a 7.4% stock increase. Other companies like Dell, Sweetgreen, Everbridge, NetApp, and Tidewater also saw significant gains following positive financial results or corporate actions. Stocks like Dell and NetApp reported better-than-expected financial results, with Dell also increasing its annual cash dividend by 20%. Everbridge amended a merger agreement, and Tidewater reported strong Q4 results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 4:18 pm

High-rolling investors have shown a significant bearish sentiment on Transocean (NYSE:RIG) through options trading, as reported by Benzinga. A notable volume of options trades was observed, with a predominance of bearish sentiment (76%) over bullish (23%). The trades target a price range of $5.0 to $6.0 for RIG over the next 3 months. The current market status of Transocean shows a slight increase in stock price to $4.69, with indicators suggesting it may be approaching oversold territory. The next earnings report is expected in 68 days.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:31 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.