Transocean (RIG) closed the latest trading day at $5.41, indicating a -0.37% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.12% for the day. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.54%.Shares of the offshore oil and gas drilling contractor witnessed a gain of 1.88% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 4.79% and the S&P 500's gain ...

grandriver Last April, I started coverage of Transocean (NYSE:RIG) stock with a “Hold” rating, saying that while the day rates were improving that its debt load was an issue. The stock is down over -20% since then versus an over 20% gain in the S&P. More recently, in September, I said its deleveraging story has becoming clearer, but its valuation and indebtedness compared to peers made it a high risk/reward stock. The stock is down -40% since that write-up. With the company recently reporting its Q4 res ...

Transocean (RIG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this offshore oil and gas drilling contractor have returned -16.4% over the past month versus the Zacks S&P 500 composite's +4% change. The Zacks Oil and Gas - Drilling industry, to which Transocean belongs, has lost 3.5% over this period. Now the key question is: Where could the stock be headed in the near term ...

Transocean, Inc. (RIG) reported an adjusted net loss of 9 cents per share in the fourth quarter of 2023. The figure was narrower than the Zacks Consensus Estimate of a loss of 22 cents per share. Moreover, RIG’s bottom line improved from the year-ago period’s reported loss of 49 cents. This improvement can be attributed to a strong fourth-quarter result from RIG's Ultra-deepwater floaters segment.The offshore drilling powerhouse’s total adjusted revenues of $741 million missed the Zacks Consensus Estimate o ...

Transocean Ltd. (NYSE:RIG) Q4 2023 Earnings Conference Call February 20, 2024 9:00 AM ET Company Participants Alison Johnson - Director, Investor Relations Jeremy Thigpen - Chief Executive Officer Keelan Adamson - President and Chief Operating Officer Mark Mey - Executive Vice President & Chief Financial Officer Roddie Mackenzie - Executive Vice President and Chief Commercial Officer Conference Call Participants Kurt Hallead - Benchmark Fredrik Stene - Clarksons Securities Eddie Kim - Barclays David Smith - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Commission file number 001-38373 (Mark one) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 TRANSOCEAN LTD. For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Registrant's telephone number, including area code: +41 (41) 749-0500 Securities ...

For the quarter ended December 2023, Transocean (RIG) reported revenue of $748 million, up 19.7% over the same period last year. EPS came in at -$0.09, compared to -$0.49 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $779.17 million, representing a surprise of -4.00%. The company delivered an EPS surprise of +59.09%, with the consensus EPS estimate being -$0.22.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

             Three months ended     December 31,  September 30, Sequential 2023 2023 change(In millions, except per share amounts and backlog)           Contract drilling revenues$741   $713   $28  Adjusted contract drilling revenues$748   $721   $27  Revenue efficiency 97.0 %  95.4 %  1.6 %Operating and maintenance expense$569   $524   $45  Net loss attributable to controlling interest$(104)  $(220)  $116  Diluted loss per share$(0.13)  $(0.28)  $0.15              Adjusted EBITDA$122   $162   $(40) Adjuste ...

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 ...