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

Transocean (NYSE:RIG) reported Q4 adjusted EPS of $(0.09), surpassing the $(0.23) estimate, marking an 81.63% improvement year-over-year. However, its $741M in sales fell short of the $760.58M estimate, despite a 22.28% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:32 am

Transocean (NYSE:RIG) is scheduled to release its quarterly earnings report on Monday, 2024-02-19, with analysts expecting an EPS of $-0.24. The company's past earnings performance shows a trend of missing EPS estimates, leading to negative stock price movements the following day. Shares of Transocean have decreased by 26.46% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:00 pm

Transocean Ltd. (NYSE:RIG) released its quarterly Fleet Status Report, revealing an aggregate incremental backlog of approximately $326 million from new contracts in the Romanian Black Sea, Angola, and the U.S. Gulf of Mexico. The company's total backlog as of February 14, 2024, stands at about $9 billion.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:11 pm

Energy stocks are trading lower due to a decline in oil prices, affecting companies like BKR, CNQ, COP, EOG, EQT, FTI, HAL, MPC, RIG, SLB, and YPF.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:42 pm

Over the past 3 months, 5 Wall Street analysts have published their ratings on Transocean (NYSE:RIG), with 2 bullish, 1 somewhat bullish, and 2 indifferent. The average 12-month price target for RIG is $9.4, with a high of $12.00 and a low of $7.50, marking a 6.46% increase from the previous target of $8.83. Analysts' ratings are based on research, financial statements, and insider information, and are updated typically once a quarter.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 5:00 pm

Susquehanna analyst Charles Minervino has maintained a Neutral rating on Transocean (NYSE:RIG) and lowered the price target from $9 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:26 pm

Transocean Ltd (NYSE:RIG) shares are trading higher after initially falling due to worse-than-expected Q3 financial results. The company reported Q3 revenue of $713 million, lower than the estimated $722.57 million, and a loss of 36 cents per share, higher than the estimated loss of 23 cents. Despite the disappointing results, the company's contract backlog increased for the sixth consecutive quarter to $9.4 billion.

Portfolio Pulse from Adam Eckert

October 31, 2023 | 2:16 pm

The stock market saw significant activity with the Dow Jones Industrial Average surging over 500 points. Five stocks that gained attention were SoFi Technologies, Apple, Pinterest, Transocean, and Tesla. SoFi, Apple, Pinterest, and Transocean stocks increased by 1.02%, 1.23%, 3.04%, and 1.22% respectively, while Tesla's stock decreased by 4.79%.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 2:39 am

Transocean (NYSE:RIG) reported Q3 adjusted losses of $(0.36) per share, missing the analyst consensus estimate of $(0.23) by 56.52%. This is a 500% increase in losses from the same period last year. The company also reported quarterly sales of $713.00 million, missing the analyst consensus estimate of $722.57 million by 1.32%. However, this is a 3.18% increase over sales of $691.00 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:45 pm

US stocks are expected to bounce back from oversold levels as more earnings and the Federal Reserve’s rate decision are anticipated. The Fed is likely to maintain the status quo, with a 98.6% probability. Key earnings reports from Apple, Qualcomm, and Advanced Micro Devices are expected to take center stage. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose in premarket trading. Stellantis and General Motors rose in premarket trading after reaching tentative deals with the United Auto Workers union.

Portfolio Pulse from Shanthi Rexaline

October 30, 2023 | 11:22 am

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