Transocean: Not A Bargain, But Shielded From Near-Term Market Weakness (Rating Downgrade)
Leading offshore driller Transocean reported better than expected Q3/2024 results with both revenues and profitability exceeding consensus expectations. Backlog of $9.3 billion was up 7.6% on a sequential basis mostly due to a new $531 million contract for the high-specification drillship, Deepwater Invictus. Strong contract coverage will effectively shield the company from anticipated near-term weakness in deepwater activity.
Final Trades: Chipotle, Transocean and Barclays
The Investment Committee give you their top stocks to watch for the second half.
Transocean Ltd. (RIG) Q3 2024 Earnings Call Transcript
Transocean Ltd. (NYSE:RIG ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Alison Johnson - Director of Investor Relations Jeremy D.
Transocean (RIG) Reports Break-Even Earnings for Q3
Transocean (RIG) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.36 per share a year ago.
Will Transocean and Seadrill Merge Amid Offshore Expansion?
As offshore investment rebounds, RIG and SDRL eye a merger to leverage deepwater prospects and capitalize on the recent oil and gas discoveries.
Transocean: Management Is Keeping This Rig From Sinking
Transocean's recent stability in fundamentals contrasts with its volatile share price, justifying a 'hold' rating despite a 24.9% drop since July. Revenue increased by 18.1% year-over-year, driven by higher daily revenue, improved rig utilization, and newbuild floaters, despite some negative impacts. The company's net loss improved from $165 million to $123 million, with EBITDA rising from $237 million to $284 million, indicating better profitability metrics.
Transocean Ltd. Is Being Investigated For Securities Fraud And Affected Shareholders Are Urged To Contact The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / October 27, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.
The Schall Law Firm Encourages Investors To Join An Inquiry Into Transocean Ltd For Securities Law Violations
LOS ANGELES, CA / ACCESSWIRE / October 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.
Transocean (RIG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Transocean (RIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Transocean Inks $193M Ultra-Deepwater Drillship Contract
RIG lands a new contract with an undisclosed operator in the US Gulf of Mexico for the Deepwater Conqueror drillship.
The Schall Law Firm Encourages Investors With Losses To Join An Inquiry Into Transocean Ltd For Securities Law Violations
LOS ANGELES, CA / ACCESSWIRE / October 20, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.
Transocean Ltd. Is Being Investigated For Possible Securities Fraud And Affected Stockholders Are Urged To Reach Out To The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / October 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.
