Transocean (NYSE: RIG) stock price is not doing well in 2023. It has already dropped by almost 9% this year, lagging the S&P 500 and Nasdaq 100 indices that have surged to their record highs. The stock has fallen by more than 35% in the past five years.Transocean lowered estimatesCopy link to sectionTransocean is a major player in the energy sector. It is one of the few companies that take some of the toughest tasks in the industry. For example, it handles complicated rig solutions in the deep water and oth ...

Transocean (RIG) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this offshore oil and gas drilling contractor have returned +4.6%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Oil and Gas - Drilling industry, which Transocean falls in, has gained 4.5%. The key question now is: What could be the stock's futu ...

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 - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 _____ Commission file number 001-38373 TRANSOCEAN LTD. (Exact name of registrant as specified in its charter) Switzerland 98-0599916 (State or other juris ...

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 ...