RIG - Transocean Ltd.

NYSE - NYSE Delayed Price. Currency in USD
8.93
-0.25 (-2.72%)
At close: 4:02PM EDT

8.96 +0.03 (0.34%)
After hours: 6:06PM EDT

Stock chart is not supported by your current browser
Previous Close9.18
Open9.20
Bid8.98 x 21500
Ask8.99 x 21500
Day's Range8.92 - 9.21
52 Week Range6.19 - 14.47
Volume11,247,979
Avg. Volume11,994,233
Market Cap5.451B
Beta (3Y Monthly)2.00
PE Ratio (TTM)N/A
EPS (TTM)-4.27
Earnings DateApr 29, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-08-21
1y Target Est12.87
Trade prices are not sourced from all markets
  • 5 Cheap Energy Stocks to Buy Under $10
    InvestorPlace8 hours ago

    5 Cheap Energy Stocks to Buy Under $10

    A little bit of profit taking has descended on Wall Street after the S&P 500 hit a new record closing high earlier in the week. All is normal and typical behavior after such an impressive move out of the late December low.Energy stocks continue to be an area of warmth and light as crude oil prices push toward the $70-a-barrel level on increased tensions with Iran following President Trump's decision to further tighten the vice on Tehran's oil exports. His Administration announced that exemptions that allowed trading partners to import Iranian oil would be ended. All this comes as the summer driving season is set to start. * 10 Automation Stocks to Buy for the 21st Century As a result, a number of names in the energy sector are perking up. Especially smaller, cheaper names that have really yet to follow crude oil's push back above its 200-day moving average. Here are five energy stocks trading for less than $10 that are worth a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Transocean (RIG) Click to EnlargeShares of Transocean (NYSE:RIG) are holding steady above their 50-day moving average, setting up a push to challenge the 200-day moving average that was last crossed back in September. A return to the triple-top resistance set late last year would be worth a gain of more than 60% from here.The company will next report results on April 29 after the close. Analysts are looking for a loss of 29 cents per share on revenues of $751.3 million. When the company last reported on Feb. 19, a loss of 34 cents per share missed estimates by 10 cents on an 18.9% rise in revenues. Callon Petroleum (CPE) Click to EnlargeShares of Callon Petroleum (NYSE:CPE) look set to exit out of a four-month consolidation range with a break above resistance near the $8.50-a-share level. Watch for a run at the 200-day moving average, which would be worth a gain of nearly 20% from here. Earlier this month, the company agreed to sell non-core assets in the Midland Basin for $260 million in cash. * 7 Cloud Stocks to Buy Now The company will next report results on May 6 after the close. Analysts are looking for earnings of 15 cents per share on revenues of $151.4 million. When the company last reported on Feb. 26, earnings of 68 cents per share beat estimates by 48 cents on a 37% rise in revenues. Denbury Resources (DNR) Click to EnlargeShares of Denbury Resources (NYSE:DNR) are arcing up and out of a six-month consolidation range, setting up a move to fill the selloff gap formed in late October that would coincide with a move above its 200-day moving average. Zooming out, the stock has been mired in a churning consolidation range since late 2015, so a rotation back to overhead resistance near $4.50 should be expected.The company will next report results on May 7 before the bell. Analysts are looking for earnings of 8 cents per share on revenues of $307 million. When the company last reported on Feb. 27, earnings of 10 cents per share beat estimates by a penny on a 4.7% rise in revenues. Oasis Petroleum (OAS) Click to EnlargeOasis Petroleum (NYSE:OAS) shares look ready to break up and out of a five-month consolidation range with a move above its January high. This comes despite a downgrade from IFS Securities earlier in the week. Watch for a run at the 200-day moving average, lost back in October, which would be worth a gain of nearly 40% from here. * 7 Reasons the Stock Market's Record Closing Isn't the End of the Rally The company will next report results on May 28 after the close. Analysts are looking for earnings of 4 cents per share on revenues of $421.7 million. When the company last reported on Feb. 26, a loss of 2 cents per share missed estimates by 6 cents on a 37.9% rise in revenues. Laredo Petroleum (LPI) Click to EnlargeShares of Laredo Petroleum (NYSE:LPI) are mired in a tight but still tightening consolidation range going back to December. This caps an 80%+ decline from the highs seen in late 2016. Watch for an energy price tailwind to drive shares to a challenge of its 200-day moving average, which would be worth a gain of nearly 70% from here. Management is in the midst of a cost-cutting plan, slicing labor costs by 25%.The company will next report results on May 1 after the close. Analysts are looking for earnings of 9 cents per share on revenues of $185.1 million. When the company last reported on Feb. 13, earnings of 16 cents per share missed estimates by 6 cents on a 10.4% decline in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post 5 Cheap Energy Stocks to Buy Under $10 appeared first on InvestorPlace.

  • Did Hedge Funds Drop The Ball On Transocean Ltd (RIG) ?
    Insider Monkey12 hours ago

    Did Hedge Funds Drop The Ball On Transocean Ltd (RIG) ?

    Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]

  • What Could Impact US Oil Production?
    Market Realist3 days ago

    What Could Impact US Oil Production?

    US Crude Oil Is Heading for a New High(Continued from Prior Part)Oil rig countLast week, the oil rig count fell by eight to 825—just nine more rigs than the lowest level since April 13, 2018. The rig count tends to follow US crude oil prices with

  • GlobeNewswire8 days ago

    Transocean Ltd. Provides Quarterly Fleet Status Report

    Transocean Ltd. (RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. Since its last report Transocean added approximately $373 million in contract backlog, bringing total backlog to $12.1 billion.

  • Permian Adds 2 Oil Rigs, Marcellus Gas Rig Count Falls By 6
    Zacks9 days ago

    Permian Adds 2 Oil Rigs, Marcellus Gas Rig Count Falls By 6

    The tally for oil drilling rigs rises for two weeks in a row with the count jumping by 15 for the week ended Apr 5.

  • Rising Oil Rigs Might Not Impact Oil
    Market Realist10 days ago

    Rising Oil Rigs Might Not Impact Oil

    Has Oil Lost Its Uptrend?(Continued from Prior Part)Oil rig count Last week, the oil rig count rose by two to 833—just 17 more rigs than the lowest level since April 13, 2018. The rig count tends to follow US crude oil prices with a three to

  • Here’s one way to tell if a company is overpaying its CEO
    MarketWatch11 days ago

    Here’s one way to tell if a company is overpaying its CEO

    U.S. companies that use non-standard numbers to calculate executive compensation are overpaying their top managers, according to a new research report.

  • 7 Energy Stocks to Buy as Oil Booms
    InvestorPlace13 days ago

    7 Energy Stocks to Buy as Oil Booms

    If you invested in energy over the last few years, you would have mixed returns, depending on when you started. At the start of this decade, deep-water drillers and integrated oil and gas firms enjoyed high oil prices. Markets and pundits all predicted oil prices would cross and sustain the $100/bbl level. This forecast proved very wrong. Excessive oil production and exploration led to excess supply and prices plunged.In the last two years, oil prices bounced off multi-year lows and by late last year, investors who bought at the bottom could have locked in gains. So far this year, most mega-cap energy firms are up nicely so investors may question how much more upside remains. With attractive dividend yields at current levels and dividend growth ahead due to higher free cash flow from operations, investing in the energy sector remains bright. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? If surging oil prices continue, what energy stocks should investors buy?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exxon Mobil (XOM)Source: Shutterstock In the major integrated oil and gas segment, Exxon Mobil (NYSE: XOM) shares are close to 52-week highs and are trading at around $82. The company updated its growth plans and believes additional upside is possible. It now forecasts earnings growing by over 140% by 2025 from 2017 levels. Previously, it expected growth of 135%. Exxon assumes oil prices are at least $60 per barrel and margins are consistent with 2017 levels. From 2019 through to 2025, cumulative earnings should increase by $9 billion.By 2025, cash flow from operations will reach $60 billion, assuming the $60/bbl oil price and 2017 margin levels. This will result in cash flow from operations adding $24 billion more than previously expected.Successful exploration activities in upstream and in Guyana and Brazil will increase Exxon's resource base by 1.3 billion oil-equivalent barrels. And in Guyana, Exxon estimates that it has around 5.5 billion oil-equivalent barrels in gross recoverable resource.Exxon gets plenty of analyst coverage, with Tipranks reporting that 14 analysts have an average price target of ~$86 on the stock. Though the implied upside is just 5.6%, investors may start a small position on the stock while collecting dividends yielding 4%. Chevron Corporation (CVX)Source: swong95765 via Flickr (Modified)At the macro level, Chevron (NYSE: CVX) expects a supply gap of 42 mmbd will drive demand through to 2040. To grow its profitability from this demand-supply dynamic, the firm must maintain its cost discipline as it invests to capture more of the market. In the fourth quarter, Chevron earned $3.7 billion, an EPS of $1.95. Cash flow from operations totaled $9.2 billion. It maximized shareholder returns by paying out $2.1 billion and by buying back $1 billion in shares in the quarterly period.Chevron's cash flow growth trends in the last three years suggest that investors will get a stable dividend payout for years to come. In 2018, free cash flow totaled $16.8 billion while the company returned $10.3 billion to shareholders. The cushion of $10.3 billion in cash at the end of 2018 allows Chevron to deliver on four priorities. First, to maintain and grow its dividend, fund capital programs, having a strong balance sheet and to return the surplus cash to investors.Chevron forecasts upstream revenue of 4% -- 7%. Its dividend will increase $0.07, while share repurchase will total $1 billion. The firm's cost reduction trends will continue through 2020, thanks to the use of technology enabling increased efficiencies. Investors expect production costs to fall below the $10 level in 2020, down sharply from around $18 in 2014. * 9 High-Risk Stocks to Buy for Massive Rewards Based on 15 analysts covering CVX stock, the average price target is $138, which implies that investors could get 10.6% in upside. BP (BP)Source: Shutterstock With a dividend yield of 5.5%, BP plc (NYSE: BP) remains an attractive investment for income investors. The vertically-integrated firm faced negative headwinds in the fourth quarter when Brent crude prices averaged $69 per barrel. This is down from $75 a barrel in the third quarter.BP is comfortable with oil prices at $50 because its books are balanced at that level. But with prices already higher than that, BP thinks $60 is more constructive and that prices will hold high levels. Regardless of energy prices, BP will continue disposing of assets through the back end of 2019 and into 2020. This will improve BP's balance sheet as its debt obligations shrink.Expect BP to build on a strong 2018 performance where it delivered $7 billion in free cash flow. This strong, positive momentum will put the firm on track to deliver on its 2021 targets. This is driven by marketing, continued expansion on its convenience partnership model, and the addition of over $1 billion in earnings growth in the next five years from business improvement plans. ConocoPhillips (COP)Source: Martijn Koster via FlickrConocoPhillips (NYSE: COP) offers a dividend yield of 1.8%. In 2018, COP delivered on its priorities by achieving a 12.6% ROCE, a $15 billion debt target ahead of plan, $3 billion in share buybacks, and returned 35% of cash flow from operations to shareholders.ConocoPhillips reported $4.54 EPS. Free cash flow topped $5.5 billion. Similar to BP selling assets, ConocoPhillips generated $1.1 billion from the disposition in proceeds. Within its portfolio, it completed its acquisition in Alaska and progressed in its exploration and appraisal in Alaska, Montney, and LA Austin Chalk.For 2019, COP is budgeting $6.1 billion for capital expenditures, plans $3 billion in share buybacks, and will deliver a total shareholder payout of over 30% cash flow from operations. * 3 Earnings Reports to Watch Next Week COP assumes that each dollar change in the price of WTI crude will have a $30 - $40 million impact on net income. With Brent, the change will have a $155 - $175 million impact on net income. By building a price sensitivity of $45 - $75 on WTI crude, the company will have the flexibility in ensuring cash flow meets dividend and operating cost obligations for the year. Enbridge (ENB)Source: Shutterstock In the oil and gas pipeline subsector, Enbridge (NYSE: ENB) continues to perform well. The company reported strong Q4 results in February. With strong demand for energy, investors should expect the company to continue doing well this quarter and next.Enbridge generated $1.86 billion in distributable cash flow in the quarter and $7.62 billion for the year. EBITDA, which came in at around $13 billion, and distributable cash flow at $7.6 billion translates to $4.42 a share in DCF. In addition to the strong results, Enbridge accelerated its de-levering, streamline the business through cost cuts and efficiency gains and extending growth. Enbridge's de-levering progressed nicely since 2016. Consolidated Debt to EBITDA fell from 6x in 2016 to the 4.5 range in 2018.Enbridge's $9 billion of projects brought into service in 2018 will add meaningfully to results this year. Asset sales will offset EBITDA but ongoing cost management and revenue optimization will lead to another strong year. Last year, Ontario regulators approved a merger between Enbridge and Union Gas. Expect the company to realize synergies from the amalgamation this year.Looking ahead to 2020, expect EPS of $4.85 to $5.15 a share. Much of the 14% EBITDA growth over 2019 comes from the contribution from the Line 3 Replacement project. Free cash flow, net of dividends and maintenance costs, could top $3.5 billion. The $5 billion - $6 billion in available cash will give Enbridge lots of opportunities for deploying available capital in low-risk growth projects. Antero (AR)Source: Andy Arthur via FlickrAntero Resources Corporation (NYSE:AR) exceeded its operational goals in 2018.In Antero's production growth plans through 2023, the company assumes WTI crude will be in the range of $50 to $65 a barrel. Natural gas will be in the range of $2.85 to $3.15 per MMBtu. The key takeaway from the assumptions is that the company expects volatility in energy prices. But it will carry out projects in a flexible manner. When prices are low, Antero will spend within cash flow constraints and if prices improve, it will grow production to maximize its free cash flow. * 7 Internet Stocks to Watch For 2019, management will continue to spend its cash efficiently on projects. But the markets are very bearish on this exploration firm: shares are languishing in the $8.30 range and show no sign of rebounding. Antero Resources set a drilling and completion capital budget of $1.3 billion to $1.45 billion. Transocean (RIG) Source: Katie HauglandVia FlickrTransocean (NYSE RIG) has divested 12 ultra-deepwater, 37 deep-water/midwater, and 15 jackups since 2014. It has liquidity of $3.2 billion and $12.3 billion in backlog. That the company's debt is too high is both a blessing and a curse. At current oil prices, Transocean is pressured to sell down assets to pay down its debt levels. But as prices improve, Transocean's levered balance sheet could result in relatively better results.Transocean has an estimated $12.3 billion backlog, 95% of which are with investment-grade companies. Although backlog is $2.4 billion this year and next, it will fall to $1.3 billion by $2023. Improving drill rates and energy demand could, over the next few years, drive backlog levels higher.With the markets still unfavorable for Transocean, the company must preserve EBITDA through the cycle. Still, Transocean's recent acquisitions will firm up day rates. It acquired Ocean Rig, Sonza Offshore, and took a 33% joint venture interest in Transocean Norge.Analysts are bullish on RIG stock and collectively have an average price target of $11.33 a share. At a recent price of $8.33, the potential upside for holding the stock is 29%.Disclosure: Author owns shares of Transocean and BP plc. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 7 Energy Stocks to Buy as Oil Booms appeared first on InvestorPlace.

  • Permian Adds 8 Oil Rigs, Marcellus Gas Rig Count Rises By 3
    Zacks17 days ago

    Permian Adds 8 Oil Rigs, Marcellus Gas Rig Count Rises By 3

    The tally for oil drilling rigs rises in the seventh week after the count fell for six straight weeks to the lowest level since April 2018.

  • Rise in Oil Rigs Might Not Impact Oil Prices
    Market Realist17 days ago

    Rise in Oil Rigs Might Not Impact Oil Prices

    Goldman Sachs Raised the Oil Price Forecast for 2019(Continued from Prior Part)Oil rig countLast week, the oil rig count rose by 15 to 831 from the lowest level since April 13, 2018. The rig count tends to follow US crude oil prices with a three

  • GlobeNewswire17 days ago

    Transocean Ltd. Announces First Quarter 2019 Earnings Release Date

    Transocean Ltd. (RIG) announced today that it will report earnings for the first quarter of 2019, on Monday, April 29, 2019, following the close of trading on the NYSE. Individuals who wish to participate should dial +1 334-323-0522 and refer to conference code 2036923 approximately 10 minutes prior to the scheduled start time. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.

  • U.S. Rig Count Drops for the Third Consecutive Month
    Zacks18 days ago

    U.S. Rig Count Drops for the Third Consecutive Month

    Conservative investments in U.S. exploration and production activities might affect demand for rigs. Hence, drillers may continue to lower rig count in the coming months.

  • Transocean Ltd. (NYSE:RIG): Time For A Financial Health Check
    Simply Wall St.22 days ago

    Transocean Ltd. (NYSE:RIG): Time For A Financial Health Check

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Transocean Ltd. (NYSE:RIG) wit...

  • Oil & Gas Stock Roundup: Good News for TransCanada, Enbridge
    Zacks22 days ago

    Oil & Gas Stock Roundup: Good News for TransCanada, Enbridge

    Bringing in pleasant news for TransCanada (TRP), Donald Trump issued a new presidential permit in an attempt to kick-start the much-delayed Keystone XL project.

  • Third Avenue Value Fund Swaps Ocean Rig for Transocean, Sells 3 Other Stocks
    GuruFocus.com23 days ago

    Third Avenue Value Fund Swaps Ocean Rig for Transocean, Sells 3 Other Stocks

    The Third Avenue Value Fund (Trades, Portfolio), part of the late Martin Whitman's Third Avenue Management (Trades, Portfolio), disclosed it established one new position and exited four others when it released its first-quarter 2019 portfolio. Warning! GuruFocus has detected 3 Warning Signs with XSWX:RIGN. The portfolio managers seek opportunities in companies that are not only trading below intrinsic value, but compound asset value at double-digit rates.

  • Permian Basin & Eagle Ford Remove 5 Oil Drilling Rigs Each
    Zacks25 days ago

    Permian Basin & Eagle Ford Remove 5 Oil Drilling Rigs Each

    The tally for oil drilling rigs in the United States fell for six successive weeks to the lowest level since April 2018.

  • Reuters28 days ago

    U.S. court voids $160 million award against Italy's ENI in Transocean suit

    A three-judge panel found the lower court miscalculated damages because it used a standby rate to determine what Eni would have paid Transocean to complete the contract. It sent the damages decision back to the District Court to recalculate damages based on what work the rig could have performed. Transocean declined to comment on the ruling.

  • GlobeNewswirelast month

    Recent Analysis Shows Transocean, Chipotle Mexican Grill, Marathon Oil, Laboratory Corporation of America, Bio-Rad Laboratories, and Graco Market Influences — Renewed Outlook, Key Drivers of Growth

    NEW YORK, March 27, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • Transocean chairman bows out
    American City Business Journalslast month

    Transocean chairman bows out

    Pete Miller will not seek re-election to Transocean's board, leaving room for Chad Deaton at the top of the corporate ladder.

  • Oil & Gas Stock Roundup: Denbury-Penn Virginia Deal is Off, Murphy Sells Malaysian Assets
    Zackslast month

    Oil & Gas Stock Roundup: Denbury-Penn Virginia Deal is Off, Murphy Sells Malaysian Assets

    Murphy Oil (MUR) announced that its subsidiary has entered into an agreement to sell two of its Malaysian assets in an all-cash transaction worth $2.2127 billion.

  • ACCESSWIRElast month

    Oil & Gas Exploration Stocks on the Rise

    HENDERSON, NV / ACCESSWIRE / March 26, 2019 / Oil & Gas stocks are seeing investor interest rise over the past few months. Below are several that are leading the space. One that just released news is Camber ...

  • Permian Sees Drop in Oil Rig Count for 4 Straight Weeks
    Zackslast month

    Permian Sees Drop in Oil Rig Count for 4 Straight Weeks

    Explorers and producers are getting more conservative about investing over volatile oil prices.

  • Why Is Transocean (RIG) Up 6.8% Since Last Earnings Report?
    Zackslast month

    Why Is Transocean (RIG) Up 6.8% Since Last Earnings Report?

    Transocean (RIG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Cana Woodford & Mississippian Witness Decline in Oil Rigs
    Zackslast month

    Cana Woodford & Mississippian Witness Decline in Oil Rigs

    In the United States, the tally for oil drilling rigs fell to the lowest mark since April 2018.

  • Oil & Gas Stock Roundup: Transocean's Contract Awards, Eni's Angola Discovery & More
    Zackslast month

    Oil & Gas Stock Roundup: Transocean's Contract Awards, Eni's Angola Discovery & More

    Transocean (RIG) secured contracts for two of its drillships, namely Mykonos and Corcovado, which were acquired as part of Ocean Rig buyout in December 2018.