RIG - Transocean Ltd.

NYSE - NYSE Delayed Price. Currency in USD
4.8600
+0.1500 (+3.18%)
At close: 4:02PM EST
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Previous Close4.7100
Open4.7400
Bid4.8600 x 3000
Ask4.8600 x 36100
Day's Range4.7200 - 4.9300
52 Week Range3.7600 - 10.0300
Volume12,816,541
Avg. Volume19,343,081
Market Cap2.974B
Beta (3Y Monthly)1.83
PE Ratio (TTM)N/A
EPS (TTM)-2.4750
Earnings DateFeb 17, 2020 - Feb 21, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-08-21
1y Target Est8.74
  • Is the Options Market Predicting a Spike in Transocean (RIG) Stock?
    Zacks

    Is the Options Market Predicting a Spike in Transocean (RIG) Stock?

    Investors need to pay close attention to Transocean (RIG) stock based on the movements in the options market lately.

  • GuruFocus.com

    MetLife and Oasis Petroleum Sell Below Book Value

    5 stocks I like that are trading below book value Continue reading...

  • Brazil's Oil Flop Is a Warning for Majors and Aramco
    Bloomberg

    Brazil's Oil Flop Is a Warning for Majors and Aramco

    (Bloomberg Opinion) -- Royal Dutch Shell Plc made a big investment in offshore energy this week — wind energy, that is. The very next day, Brazil announced the results of a more traditional energy auction in the waters off its coast. They were not good.The country’s biggest-ever sale of oil deposits flopped on Wednesday morning. Only two out of four blocks were sold, and only one of those involved foreign bidders, with China’s CNOOC Ltd. and China National Oil and Gas Exploration and Development Co. taking all of 10% of the Buzios field. Petroleo Brasileiro SA took the other 90% and all of the Itapu block. Western oil majors, such as Shell or Exxon Mobil Corp., were nowhere to be seen.Offshore oil investment was all the rage among Big Oil during the supercycle, with capital expenditure almost quadrupling in the decade up to 2014. That is the problem. The majors poured money into large, multi-year projects prone to delays and, because of their often bespoke engineering, spiraling budgets. The result: tumbling return on capital and an inability to dial back investment quickly when the oil crash hit in 2014. Roughly 3,000 new offshore projects sanctioned between 2010 and 2014 have either barely generated any value for oil companies or are expected to generate none at all, according to a recent study published by Rystad Energy, a consultancy:More recent investments score better, mostly because the boom tailed off, with offshore capex falling by more than half between 2014 and 2018. That took the heat out of industry inflation; and, because of the bonfire of returns in the prior decade, oil majors got smarter about such things as standardizing offshore equipment design to cut costs and shorten schedules. The pace of new projects has picked up again after the slump. Exxon, for example, has effectively opened up an entire new offshore zone with its Guyanese fields.Still, one look at the stock prices of oilfield services firms, especially offshore-focused types such as Transocean Ltd. and Noble Corp. Plc, tells you this investment wave is nothing like the tsunami of yesteryear. Bad memories combined with unease about both near- and long-term oil demand make bold bets on big, multi-year offshore projects a tough sell with investors more interested in payouts. Even Exxon’s success in Guyana gets overshadowed by the fact that the company’s capex bill leaves it borrowing to pay its dividend. And Exxon, like Chevron Corp. and other majors, has swung more of its spending toward shorter-cycle onshore fracking in North America.Brazil’s brush-off is an ominous sign the investment discipline demanded by energy investors is choking off one of the world’s biggest sources of oil-supply growth. In its latest World Oil Outlook published this week, OPEC cited Brazil as being second only to the U.S. in terms of medium-term growth, and number one in terms of projected long-term non-OPEC growth. Bob Brackett, an analyst at Sanford C. Bernstein, published a report a couple of weeks ago pondering if global offshore oil supply would peak next year, perhaps for good.The implications are profound. There is a wide range of views on when global oil demand will slow or peak altogether. If it is later than sometime next decade, then the decline in offshore production that will inevitably follow a mass exodus from this part of the business could stoke another upcycle in prices. The Brazil auction suggests, however, that such possibilities play second fiddle to expectations on the part of many investors that oil has entered its twilight years.Such results are ominous for offshore services providers, of course, and for the countries involved. Brazil’s currency slumped Wednesday morning as the market digested the lack of foreign capital targeting the country’s choicest oil resources.Another country that should take note is Saudi Arabia. Like Brazil, it’s trying to tempt foreign buyers to pay up for a piece of its black gold. On the same morning, reports emerged that Saudi Arabian Oil Co. is seeking commitments from Chinese state-owned entities to invest in its IPO. Such strategic buyers do provide cash. But as Brazil could tell Aramco, turning to them also says a lot about the broader appetite for what you’re selling.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • WPX Energy (WPX) Q3 Earnings Lag Estimates, Revenues Beat
    Zacks

    WPX Energy (WPX) Q3 Earnings Lag Estimates, Revenues Beat

    WPX Energy's (WPX) Q3 earnings miss expectation. Strong production from Delaware and Williston basins allows the company to raise total production forecast for 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of RIG earnings conference call or presentation 29-Oct-19 1:00pm GMT

    Q3 2019 Transocean Ltd Earnings Call

  • Transocean (RIG) Q3 Loss Narrower Than Expected, Sales Beat
    Zacks

    Transocean (RIG) Q3 Loss Narrower Than Expected, Sales Beat

    Transocean's (RIG) Ultra-deepwater floaters contribute about 63.01% to total contract drilling revenues while Harsh Environment floaters and Midwater floaters account for the remainder.

  • Transocean (RIG) Reports Q3 Loss, Tops Revenue Estimates
    Zacks

    Transocean (RIG) Reports Q3 Loss, Tops Revenue Estimates

    Transocean (RIG) delivered earnings and revenue surprises of 5.00% and 0.46%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Transocean Ltd. Reports Third Quarter 2019 Results

    Total contract drilling revenues were $784 million (total adjusted contract drilling revenues of $832 million), compared with $758 million in the second quarter of 2019 (total.

  • American City Business Journals

    Despite challenges, Energy Corridor maintains deep well of real estate optimism

    When Occidental called off its move to the Energy Corridor following its acquisition of Anadarko Petroleum Corp. in August, many in the district couldn’t help but feel disappointed. But brokers maintain that the Energy Corridor is primed for a comeback.

  • Is Transocean Ltd (RIG) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is Transocean Ltd (RIG) Going To Burn These Hedge Funds ?

    Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]

  • GlobeNewswire

    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 $75 million in contract backlog, bringing total backlog to $10.8 billion. The report can be accessed on the company’s website: www.deepwater.com.

  • What Kind Of Shareholder Appears On The Transocean Ltd.'s (NYSE:RIG) Shareholder Register?
    Simply Wall St.

    What Kind Of Shareholder Appears On The Transocean Ltd.'s (NYSE:RIG) Shareholder Register?

    The big shareholder groups in Transocean Ltd. (NYSE:RIG) have power over the company. Large companies usually have...

  • Oil & Gas Stock Roundup: ConocoPhillips' Australia Asset Sale, Phillips 66's Buyback & More
    Zacks

    Oil & Gas Stock Roundup: ConocoPhillips' Australia Asset Sale, Phillips 66's Buyback & More

    ConocoPhillips (COP) entered into an agreement to sell some of its portfolio in Australia for $1.39 billion. Meanwhile, downstream major Phillips 66 (PSX) launched a $3 billion new buyback program.

  • Oil & Gas Stock Roundup: ExxonMobil & Shell's Q3 Updates, ConocoPhillips' Dividend Hike
    Zacks

    Oil & Gas Stock Roundup: ExxonMobil & Shell's Q3 Updates, ConocoPhillips' Dividend Hike

    ExxonMobil (XOM) and Royal Dutch Shell (RDS.A) issued updates on their upcoming Q3 earnings. Meanwhile, ConocoPhillips (COP) announced a 38% dividend hike combined with a $3 billion share repurchase.

  • Transocean Unveils World's First Hybrid Energy Storage Unit
    Zacks

    Transocean Unveils World's First Hybrid Energy Storage Unit

    Transocean's (RIG) vital technological breakthrough via its operational and safety upgrade aims at lowering the usual fuel consumption by 14%, thereby curbing the toxic NOx and CO2 emissions.

  • The Zacks Analyst Blog Highlights: GE company, Halliburton Company, Schlumberger, Diamond Offshore Drilling and Transocean
    Zacks

    The Zacks Analyst Blog Highlights: GE company, Halliburton Company, Schlumberger, Diamond Offshore Drilling and Transocean

    The Zacks Analyst Blog Highlights: GE company, Halliburton Company, Schlumberger, Diamond Offshore Drilling and Transocean

  • The Zacks Analyst Blog Highlights: BP, ExxonMobil, Marathon Petroleum, Transocean and Kinder Morgan
    Zacks

    The Zacks Analyst Blog Highlights: BP, ExxonMobil, Marathon Petroleum, Transocean and Kinder Morgan

    The Zacks Analyst Blog Highlights: BP, ExxonMobil, Marathon Petroleum, Transocean and Kinder Morgan

  • GlobeNewswire

    Transocean Ltd. Announces World’s First Hybrid Floating Drilling Unit   

    Transocean Ltd. (RIG) announced today that it has successfully deployed the world’s first hybrid energy storage system aboard a floating drilling unit.  The system is now operational on the Transocean Spitsbergen, engaged in drilling operations at the Snorre field in Norway. Transocean’s patented1 hybrid power technology, developed in partnership with Aspin Kemp and Associates, reduces fuel consumption and increases a dynamically positioned rig’s station-keeping reliability by capturing energy generated during normal rig operations that would otherwise be wasted, and storing it in batteries.  This energy is then used to power the rig’s thrusters.  This important operational and safety enhancement targets a 14% reduction in fuel use during normal operations, leading to a significant reduction in NOx and CO2 emissions.

  • Oil & Gas Stock Roundup: BP & ExxonMobil's Multibillion Dollar Deals Steal the Show
    Zacks

    Oil & Gas Stock Roundup: BP & ExxonMobil's Multibillion Dollar Deals Steal the Show

    BP plc (BP) sealed an estimated $9.61 billion worth of gas deal with a South Korean buyer, while ExxonMobil (XOM) signed an agreement to divest its oil and gas business in Norway for $4.5 billion.

  • The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris
    Zacks

    The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris

    The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris

  • Drillers in Permian Basin Continue to Remove Oil Rigs
    Zacks

    Drillers in Permian Basin Continue to Remove Oil Rigs

    Domestic drillers may continue to lower rigs in the oil patches as they have a conservative capital budget for 2019 and the crude pricing scenario is weak.

  • GlobeNewswire

    Transocean Ltd. Announces Third Quarter 2019 Earnings Release Date

    Transocean Ltd. (RIG) announced today that it will report earnings for the third quarter of 2019, on Monday, October 28, 2019, following the close of trading on the NYSE. Individuals who wish to participate should dial +1 334-777-6978 and refer to conference code 6385237 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.

  • 5 Reasons Offshore Drilling Stocks are Poised for a Rebound
    Zacks

    5 Reasons Offshore Drilling Stocks are Poised for a Rebound

    It appears that the offshore drilling industry is finally set to rebound from one of the worst slumps that it has ever been through.

  • Options Traders Expect Huge Moves in Transocean (RIG) Stock
    Zacks

    Options Traders Expect Huge Moves in Transocean (RIG) Stock

    Investors need to pay close attention to Transocean (RIG) stock based on the movements in the options market lately.