In the latest trading session, Transocean (RIG) closed at $5.17, marking no change from the previous day. This move lagged the S&P 500's daily gain of 0.96%. On the other hand, the Dow registered a gain of 0.4%, and the technology-centric Nasdaq increased by 1.3%.Coming into today, shares of the offshore oil and gas drilling contractor had lost 4.08% in the past month. In that same time, the Oils-Energy sector lost 0.51%, while the S&P 500 gained 3.69%.The investment community will be closely monitoring the ...

STEINHAUSEN, Switzerland, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: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. This quarter's report includes the following updates: Transocean Barents – Awarded a minimum 540-day contract in the Romanian Black Sea at a rate of $465,000.Deepwater Skyros – Awarded a three-well extension in Angola at a rate of $400,000.Deepwater Invictus – Award ...

Transocean (NYSE: RIG) stock price has been in trouble as I predicted in October. It was trading at $5.70 on Thursday, down by over 35% from its highest point in 2023. This pullback has brought the company’s market cap to $4.6 billion while its short interest has remained steady at 18.6%. Transocean’s fundamentals are relatively strong. It ended last quarter with over $9.6 billion in order backlog, a record figure that is also 2x that of its nearest competitor. It has continued to add to this backlog after ...

STEINHAUSEN, Switzerland, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that it will report earnings for the fourth quarter and full year 2023 on Monday, February 19, 2024. The company will conduct a teleconference to discuss the results starting at 9 a.m. EST, 3 p.m. CET, on Tuesday, February 20, 2024. Individuals who wish to participate should dial +1 785-424-1226 and refer to conference code 932678 approximately 15 minutes prior to the scheduled start time. The teleconferen ...

STEINHAUSEN, Switzerland, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the fourth quarter and full year 2023 on Monday, February 19, 2024. The company will conduct a teleconference to discuss the results starting at 9 a.m. EST, 3 p.m. CET, on Tuesday, February 20, 2024. Individuals who wish to participate should dial +1 785-424-1226 and refer to conference code 932678 approximately 15 minutes prior to the scheduled start time. The teleconfere ...

In the latest market close, Transocean (RIG) reached $5.77, with a +1.05% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.Shares of the offshore oil and gas drilling contractor have depreciated by 10.08% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.The investment community will be paying close attention to the earnin ...

Transocean (RIG) closed the latest trading day at $5.49, indicating a +1.29% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.29%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.43%.Coming into today, shares of the offshore oil and gas drilling contractor had lost 14.78% in the past month. In that same time, the Oils-Energy sector lost 5.56%, while the S&P 500 gained 2.08%.The upcoming earnings release of Transocean will b ...

Transocean (RIG) ended the recent trading session at $5.29, demonstrating a -1.86% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.56%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 0.59%.Prior to today's trading, shares of the offshore oil and gas drilling contractor had lost 13.76% over the past month. This has lagged the Oils-Energy sector's loss of 2.83% and the S&P 500's gain of 1.2% in ...

A noteworthy transformation is taking place in the global offshore rig market, where there is a shift in capital expenditure (capex) dynamics. This shift, highlighted in investment bank Evercore ISI's Offshore Rig Market Snapshot, has been occurring since early 2023, relocating from North America to international markets.The driving forces behind this change include the decline in natural gas prices in the United States, leading several rig owners to redeploy their vessels to international waters. This move ...

Transocean (RIG) closed the latest trading day at $5.59, indicating a -1.93% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.07%.The offshore oil and gas drilling contractor's stock has dropped by 4.36% in the past month, falling short of the Oils-Energy sector's gain of 0.36% and the S&P 500's gain of 3.98%.The investment community will be paying close attention to the earnings performance of Transocean in its upcoming release. It is anticipated that the company wil ...