Transocean(RIG)
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Why Transocean (RIG) Outpaced the Stock Market Today
Zacks Investment Research· 2024-01-30 00:01
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) Beats Stock Market Upswing: What Investors Need to Know
Zacks Investment Research· 2024-01-24 00:06
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 ...
Here's Why Transocean (RIG) Fell More Than Broader Market
Zacks Investment Research· 2024-01-18 00:06
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 ...
Optimistic Outlook for Offshore Drilling as E&P Capex Surge
Zacks Investment Research· 2024-01-17 14:46
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) Registers a Bigger Fall Than the Market: Important Facts to Note
Zacks Investment Research· 2024-01-12 00:33
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 ...
Transocean: 5 Reasons To Be Bullish Into 2024
Seeking Alpha· 2023-12-26 20:24
pabst_ell Transocean Ltd. (NYSE:RIG) is set to finish 2023 with an impressive gain, returning nearly 50%. Despite volatile conditions in the energy market, the understanding is that this segment of offshore drilling services remains in a "multi-year upcycle" as exploration and production giants add spending to replace hydrocarbon reserves. The company is benefiting from a fleet transformation by focusing on its strengths in ultra-deepwater and "harsh environment" offshore drilling floaters. In many ways ...
Transocean(RIG) - 2023 Q3 - Earnings Call Transcript
2023-10-31 21:23
Transocean Ltd. (NYSE:RIG) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Alison Johnson - Director of Investor Relations Jeremy Thigpen - Chief Executive Officer Mark Mey - Executive Vice President & Chief Financial Officer Roddie Mackenzie - Executive Vice President & Chief Commercial Officer Conference Call Participants Greg Lewis - BTIG Eddie Kim - Barclays Kurt Hallead - Benchmark David Smith - Pickering Energy Partners Scott Gruber - Citigroup Fredrik Stene - Clarkso ...
Transocean(RIG) - 2023 Q3 - Quarterly Report
2023-10-30 16:00
☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) Commission file number 001-38373 Transocean Ltd. (Exact name of registrant as specified in its charter) Switzerland 98-05 ...
Transocean(RIG) - 2023 Q2 - Earnings Call Transcript
2023-08-01 16:42
Transocean Ltd. (NYSE:RIG) Q2 2023 Earnings Conference Call August 1, 2023 9:00 AM ET Company Participants Alison Johnson - Director-IR Jeremy Thigpen - CEO Mark Mey - EVP and CFO Roddie Mackenzie - EVP and Chief Commercial Officer Conference Call Participants Kurt Hallead - Benchmark Eddie Kim - Barclays Greg Lewis - BTIG Fredrik Stene - Clarksons Securities Operator Good day, everyone, and welcome to today’s Q2 2023 Transocean's Earnings Call. [Operator Instructions] Please note this call maybe recorded. ...
Transocean(RIG) - 2023 Q2 - Quarterly Report
2023-07-31 16:00
TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-38373 Transocean Ltd. (Exact name of registrant as specified in its charter) Switzerland 98-0599916 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...