|Bid||6.68 x 4000|
|Ask||6.69 x 4000|
|Day's Range||6.57 - 7.10|
|52 Week Range||6.19 - 14.47|
|Beta (3Y Monthly)||1.93|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.78|
Oil drilling rig count in the United States not only declines for two weeks in a row, but also touches the lowest mark since March 2018.
Transocean Ltd. (RIG) announced today that Transocean Sentry Limited (“Transocean Sentry”), a wholly owned indirect subsidiary of Transocean, has priced an offering of U.S. $525 million in aggregate principal amount of senior secured notes due 2023 (the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be guaranteed by Transocean Ltd., Transocean Inc. and wholly owned indirect subsidiaries that own the harsh environment semisubmersible drilling rigs Transocean Endurance and Transocean Equinox, and will be secured by a lien on each of the rigs and certain other related assets. Transocean Sentry expects to receive aggregate net proceeds of approximately $517 million from the offering, after deducting the initial purchasers’ discount and estimated offering costs.
The company has filed building permits for all 11 floors of the building that will soon be at the center of its U.S. business.
Moody's Investors Service ("Moody's") assigned a B1 rating to Transocean Sentry Limited's (a wholly owned indirect subsidiary of Transocean Inc.) proposed $500 million senior secured notes due 2023 (Sentry Notes). Concurrently, Moody's affirmed Transocean Inc.'s (Transocean) B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR), Caa1 rating on the priority guaranteed senior unsecured notes (PGNs) and Caa2 senior unsecured notes rating. Moody's also affirmed the B1 rating on Transocean Guardian Limited's 2024 notes (Guardian notes), Transocean Pontus Limited's 2025 notes (Pontus notes) and Transocean Poseidon Limited's 2027 notes (Poseidon Notes).
Transocean Ltd. (RIG) announced today that Transocean Sentry Limited (“Transocean Sentry”), a wholly owned indirect subsidiary of Transocean, commenced a private offering of U.S. $500 million in aggregate principal amount of senior secured notes due 2023 (the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be guaranteed by Transocean Ltd., Transocean Inc. and wholly owned indirect subsidiaries that own the harsh environment semisubmersible drilling rigs Transocean Endurance and Transocean Equinox, and will be secured by a lien on each of the rigs and certain other related assets.
Switzerland-based Transocean Ltd. (NYSE: RIG) is expanding its revolving credit agreement as its annual costs grow after two large 2018 acquisitions. The expansion was performed as part of a clause in Transocean’s revolving credit facility that allowed it to grow by up to $500 million, according to the filing, so there is still room for another $140 million expansion. Transocean's main U.S. office is in Houston.
Transocean Ltd. (RIG) announced today that it has amended the terms of its Revolving Credit Facility dated June 22, 2018 (“the Facility”) to increase the capacity of the Facility to $1.36 billion from $1.0 billion. The Facility contains an accordion provision permitting an increase in capacity of up to $500 million. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.
European oil majors Royal Dutch Shell (RDS.A) and BP plc (BP), as well as energy explorer ConocoPhillips (COP) reported better-than-expected first-quarter earnings.
Is May Ideal for Oil Bulls?(Continued from Prior Part)Oil rig countLast week, the oil rig count rose by two to 807— near the lowest level since March 30, 2018. The rig count tends to follow US crude oil prices with a three to six-month lag.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we will run through one way of estimating the intrinsic value of Transocean Ltd. (NYSE:RIG...
Transocean's (RIG) revenue efficiency in the quarter was 98%, reflecting an increase from both the fourth quarter and year-ago levels of 96% and 92%, respectively.
Transocean (RIG) delivered earnings and revenue surprises of -3.45% and 0.01%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Transocean (NYSE:RIG) posted its latest quarterly earnings results late on Monday, bringing in a loss that was narrower than what analysts projected-this figure, combined with a strong sales performance, played a role in RIG stock increased after hours.For its first three months of its fiscal 2019, the Swiss offshore drilling business amassed earnings at a loss of 30 cents per share, which was about 2 cents per share below the Wall Street guidance. Revenue tallied up to $799 million, topping the $742.91 billion that analysts called for.Transocean added that its total contract drilling revenues came in at $754 million, which marked a 13.5% increase when compared to same metric during its first quarter of 2018. This amount was stronger than Wall Street's consensus estimate of $751.3 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis increase that was propelled due in large part to a full quarter of revenues from three working rigs that were acquired in the Ocean Rig acquisition in December to go along with higher revenue efficiency in its ultra-deepwater floaters. Transocean's average daily revenues experienced a 6.5% gain to $306,500."Over the past four quarters, we have secured over $2 billion in new contract awards; and, based on our recent customer engagements, it appears that the stabilization of oil prices, and the continued improvement in offshore project economics, have combined to provide our customers with the requisite confidence to move forward with more offshore projects," Transocean CEO Jeremy Thigpen said.RIG stock was up 1.1% after the bell Monday thanks to its strong quarterly earnings performance. Shares had been flat throughout regular trading hours. More From InvestorPlace * 7 Dividend Stocks That Could Double Over the Next Five Years * 7 Cloud Stocks to Buy Now * 7 A-Rated Stocks That Are Under $10 Compare Brokers The post Transocean Earnings: RIG Stock Edges Higher on Narrow Q1 Loss appeared first on InvestorPlace.
The Steinhausen, Switzerland-based company said it had a loss of 28 cents per share. Losses, adjusted for one-time gains and costs, were 30 cents per share. The results fell short of Wall Street expectations. ...
Total contract drilling revenues were $754 million (total adjusted contract drilling revenues of $799 million), compared with $748 million in the fourth quarter of 2018 (total.
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.
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 […]
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
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.
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