|Bid||9.46 x 1100|
|Ask||0.00 x 1100|
|Day's Range||9.36 - 9.59|
|52 Week Range||6.19 - 14.47|
|Beta (3Y Monthly)||1.90|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.84|
Transocean (RIG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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.
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
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.
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
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.
Transocean Ltd. (RIG) announced today that Petrobras awarded two of the Company’s ultra-deepwater drillships, the Ocean Rig Corcovado and Ocean Rig Mykonos, with a 629 day contract and 550 day contract, respectively. “We are very pleased to have so quickly secured contracts for the Mykonos and Corcovado, two of the high-specification ultra-deepwater drillships acquired as part of the Ocean Rig transaction last December,” said President and Chief Executive Officer Jeremy Thigpen.
Offshore drilling fell into a long slump as money flowed to shale projects. For contrarian investors, an offshore turnaround could have a big payoff.
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.
HENDERSON, NV / ACCESSWIRE / March 7, 2019 / After the recovery in global oil and gas drilling in 2018, World Oil forecasts this year the pace of drilling growth around the world is set to step up. The ...
Diamondback Energy (FANG) and Cabot Oil & Gas Corporation (COG) reported fourth-quarter earnings that came below the Zacks Consensus Estimate.
Will Oil Overcome President Trump's Dislike?(Continued from Prior Part)Oil rig count Last week, the oil rig count fell by four to 853. The rig count tends to follow US crude oil prices with a three to six-month lag. In February 2016, US crude oil
Energy Sector Diverged from Oil's Rise Last Week(Continued from Prior Part)Energy stocks In the week ending February 22, upstream stock SM Energy (SM) fell the most among the energy stocks under review in this series, which include the following
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 ...