RIG - Transocean Ltd.

NYSE - NYSE Delayed Price. Currency in USD
8.84
+0.15 (+1.73%)
At close: 4:02PM EDT
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Previous Close8.69
Open8.78
Bid8.84 x 21500
Ask8.90 x 3200
Day's Range8.70 - 8.91
52 Week Range6.19 - 14.47
Volume9,950,033
Avg. Volume11,815,120
Market Cap5.396B
Beta (3Y Monthly)2.00
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-08-21
1y Target EstN/A
Trade prices are not sourced from all markets
  • Permian Adds 2 Oil Rigs, Marcellus Gas Rig Count Falls By 6
    Zacks3 days ago

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

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  • Rising Oil Rigs Might Not Impact Oil
    Market Realist3 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

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  • 7 Energy Stocks to Buy as Oil Booms
    InvestorPlace7 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
    Zacks10 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 Realist10 days ago

    Rise in Oil Rigs Might Not Impact Oil Prices

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  • U.S. Rig Count Drops for the Third Consecutive Month
    Zacks11 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.16 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...

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

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  • Third Avenue Value Fund Swaps Ocean Rig for Transocean, Sells 3 Other Stocks
    GuruFocus.com17 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
    Zacks18 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.

  • Reuters22 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.

  • Transocean chairman bows out
    American City Business Journals24 days ago

    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.

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  • Permian Sees Drop in Oil Rig Count for 4 Straight Weeks
    Zacks25 days ago

    Permian Sees Drop in Oil Rig Count for 4 Straight Weeks

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

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

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

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    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.

  • Will the Fall in US Oil Production Accelerate?
    Market Realistlast month

    Will the Fall in US Oil Production Accelerate?

    Why Oil's Rise Might Be Unstoppable(Continued from Prior Part)Oil rig count Last week, the oil rig count fell by one to 833—the lowest level since May. The rig count tends to follow US crude oil prices with a three to six-month lag. In February

  • Transocean Secures Twin Contracts Worth $241M From Petrobras
    Zackslast month

    Transocean Secures Twin Contracts Worth $241M From Petrobras

    While Transocean (RIG) is bearing the brunt of lower dayrates, it is notching up contracts wins, translating into increased backlog, which is likely to offer some respite.

  • Analyzing US Crude Oil Production
    Market Realistlast month

    Analyzing US Crude Oil Production

    Oil Prices: Analyzing Key Fundamentals(Continued from Prior Part)Oil rig countLast week, the oil rig count fell by nine to 834—the lowest level since May. The rig count tends to follow US crude oil prices with a three to six-month lag.In

  • Barrons.comlast month

    Transocean Stock Is Rising Because 2 Oil Rigs Got Big Contracts

    Transocean announced that Petrobras had signed contracts for the Ocean Rig Corcovado and Ocean Rig Mykonos, two rigs acquired in its purchase of Ocean RIG in December.

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  • U.S. Rig Count Falls for the Second Consecutive Month
    Zackslast month

    U.S. Rig Count Falls for the Second 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.