|Bid||8.32 x 27000|
|Ask||8.33 x 40000|
|Day's Range||8.27 - 8.66|
|52 Week Range||6.19 - 14.47|
|Beta (3Y Monthly)||2.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.85|
The company's fourth-quarter earnings were unremarkable, but management continues to get ready for the long-awaited recovery of offshore drilling.
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The offshore drilling contractor dropped as low as 3.8% to $8.58 a share in trading Tuesday after losses from the quarter were greater than Wall Street estimates. The company reported a loss of $369 million in net income during the quarter, which is down from the $30 million profit Transocean posted in the third quarter of the year. Revenue for the company increased by 19% to $748 million from $629 million a year ago while revenue efficiency from its drilling fleet came in at 96%, which is up from 92% during the same time last year.
Stocks that moved substantially or traded heavily on Tuesday: Walmart Inc., up $2.21 to $102.20 The giant retailer's earnings beat analysts' forecasts as online sales grew, as did its grocery pickup and ...
The oilfield-services firm is investing in new rigs, but will oil prices recover enough so that Transocean can charge adequate rates to recoup its spending.
Two oil and gas companies released fourth-quarter earnings on Monday. Continental Resources Inc. (CLR) posted non-GAAP earnings of 54 cents per share and GAAP earnings of 53 cents per share for the final quarter of 2018, missing expectations for both by 7 cents. Warning! GuruFocus has detected 1 Warning Sign with CLR.
Occidental Petroleum (OXY) reported fourth-quarter earnings that came above the Zacks Consensus Estimate, while Royal Dutch Shell plc (RDS.A) agreed to acquire German battery maker sonnen.
Weaker-than-anticipated revenues from Harsh-Environment floaters, reduced dayrates and higher costs impact Transocean's (RIG) Q4 results.
NEW YORK, NY / ACCESSWIRE / February 19, 2019 / Transocean Ltd. (NYSE: RIG ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on February 19, 2019 at 9:00 AM Eastern ...
On a per-share basis, the Steinhausen, Switzerland-based company said it had a loss of 48 cents. Losses, adjusted for non-recurring costs, came to 34 cents per share. The results missed Wall Street expectations. ...
Total contract drilling revenues were $748 million, compared with $816 million in the third quarter of 2018;Revenue efficiency(1) was 96%, compared with 95% in the prior.
Transocean Ltd. (RIG) announced today that it has entered into an agreement with its customer, Equinor, to license and install Automated Drilling Control (“ADC”) systems on four high-specification, harsh environment rigs currently on contract in Norway and a fifth semisubmersible that is expected to commence operations in the Norwegian sea this summer. The Transocean Enabler was previously equipped with the ADC system in 2017 and has delivered tangible improvements in overall drilling efficiency that have led to more cost-effective wells for Equinor.
Arnold Schneider (Trades, Portfolio), the leader of Schneider Capital Management, bought shares of the following stocks in the fourth quarter. Warning! GuruFocus has detected 1 Warning Sign with BHF. The investor boosted his Brighthouse Financial Inc. (BHF) holding by 104.23%, expanding the portfolio 3.83%.
Transocean (RIG), sitting atop a record backlog of $12.2 billion, is the largest provider of offshore contract drilling services.
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 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 Fleet Status Report, Transocean closed the acquisition of Ocean Rig UDW, Inc. on December 5, 2018. The transaction adds eight high-specification ultra-deepwater drillships and two harsh environment semisubmersibles to the Transocean fleet.
One sector of the market that has looked consistently cheap for the last five years is the offshore oil and gas drilling industry. Warning! GuruFocus has detected 2 Warning Signs with RIG. The three most significant players in this market are Transocean Ltd. (RIG), Rowan Companies PLC (RDC) and Diamond Offshore Drilling Inc. (DO).