|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.71 - 11.10|
|52 Week Range||7.20 - 16.66|
|PE Ratio (TTM)||-3.57|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Baker Hughes (BHI) published its weekly US natural gas rig count report on October 13. Rigs fell by two to 185 from October 6 to 13—the lowest level since September 1.
Citigroup has identified a long/short pair trade in the offshore drilling sector as it previews third quarter results. A pair trade is a strategy of taking opposing positions in two highly correlated ...
Citigroup analyst Scott Gruber says it too soon. Gruber, while still finding it premature to be bullish on offshore driller fundamentals, says that if an upturn is forthcoming, Transocean should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts. At $10.43 a share, Transocean fell 1.7% in recent market action, while Diamond Offshore sank more than 3.6% to $14.45 a share.
A record rise in oil prices in the third-quarter of 2017 will likely help these energy companies post handsome quarterly numbers.
Stocks look set for a lower open amid uncertainty surrounding NAFTA and the future the Affordable Care Act. S&P 500 futures have fallen 0.2%, while Dow Jones Industrial Average futures have declined 0.1%. ...
U.S. supermajor Chevron (CVX) started production at its giant Wheatstone LNG project in Australia, while midstream operator Phillips 66 (PSX) announced a new $3 billion stock repurchase program.
In the week ending October 6, Noble was the worst-performing offshore driller (OIH), while Seadrill was the best performer.
Baker Hughes released its weekly US crude oil rig count report on October 6. The US crude oil rig count fell by two to 748 on September 29–October 6, 2017.
Oil prices steadily climbing for almost two months, along with a big upgrade from an investment bank, have brought buyers back to Transocean.
Rating Action: Moody's rates Transocean's new unsecured notes B1. Global Credit Research- 04 Oct 2017. New York, October 04, 2017-- Moody's Investors Service, assigned a B1 rating to Transocean Inc.' s ...
Investors in Transocean (RIG) need to pay close attention to the stock based on moves in the options market lately.
ExxonMobil (XOM) was toppled by Russia's Gazprom as the world's top energy company, while smaller rival Chevron (CVX) elected Michael Wirth to succeed john Watson as its next Chairman and CEO.
A host of offshore drilling stocks jumped double digits this week thanks to a combination of higher oil prices, a big analyst upgrade, and an acquisition rumor.
When Ensco (ESV) announced its planned purchase of Atwood Oceanics (ATW) in June, we noted that it was, perhaps, the first sign of a bottom in the offshore drillers. Since then Transocean (RIG) agreed to acquire Songa Offshore, and now Rowan (RDC) is said to be interested in acquiring Maersk's drilling business.