Transocean
About: Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. Its segment involves contracting mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.
Employees: 5,430
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
7% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 56
7% more call options, than puts
Call options by funds: $103M | Put options by funds: $96.1M
3% more repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 123
1% more funds holding
Funds holding: 414 [Q2] → 418 (+4) [Q3]
7.26% less ownership
Funds ownership: 76.39% [Q2] → 69.14% (-7.26%) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
48% less capital invested
Capital invested by funds: $4.95B [Q2] → $2.57B (-$2.38B) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$4.50
27%
upside
Avg. target
$5.50
56%
upside
High target
$6.50
84%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Barclays David Anderson 36% 1-year accuracy 29 / 80 met price target | 27%upside $4.50 | Overweight Upgraded | 18 Dec 2024 |
JP Morgan Arun Jayaram 41% 1-year accuracy 11 / 27 met price target | 42%upside $5 | Neutral Upgraded | 6 Dec 2024 |
Susquehanna Charles Minervino 26% 1-year accuracy 17 / 66 met price target | 84%upside $6.50 | Positive Maintained | 1 Nov 2024 |
Morgan Stanley Daniel Kutz 33% 1-year accuracy 1 / 3 met price target | 70%upside $6 | Equal-Weight Maintained | 3 Oct 2024 |
Financial journalist opinion
Based on 6 articles about RIG published over the past 30 days
Positive
Zacks Investment Research
3 days ago
Transocean Secures $111M Contract Extension From Reliance Industries
RIG secures a contract extension for its ultra-deepwater drillship project, boosting its backlog and emphasizing the demand for deepwater drilling services.
Neutral
MarketBeat
1 week ago
Rebalancing in 2025: Here Are 3 Stocks to Buy Under $10
At a time when many stocks are objectively and historically overvalued, many investors are wondering where they should put their investable capital in 2025. Some stocks that should attract your attention are trading for less than $10.
Positive
MarketBeat
1 week ago
Why Now Is the Ultimate Time to Invest in Oil Stocks
Every once in a while, the markets align themselves to offer investors a perfect way to get into a specific sector, with every tailwind behind it coming from other asset classes. Today, there are tailwinds brewing in the spreads between value stocks and growth stocks, which have fallen to a multi-decade low to show investors a potential shift in the market for the coming months.
Neutral
GlobeNewsWire
1 week ago
Transocean Ltd. Announces $111 Million Ultra-Deepwater Drillship Contract
STEINHAUSEN, Switzerland, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that a four-well option was exercised for the Dhirubhai Deepwater KG1 with Reliance Industries Limited in India. The estimated 270-day program is expected to commence in direct continuation of the rig's firm term with Reliance and contribute approximately $111 million in backlog, excluding additional services.
Positive
MarketBeat
1 week ago
Where to Invest in 2025: Top Stock Picks for Maximum Gains
When end-of-year liquidations and profit taking take place, investors sit on newly minted cash waiting to be put to work again. Out of all the investment trends in the market and all the stocks that could outperform, which ones could pose the best opportunity from now into 2025?
Negative
Zacks Investment Research
3 weeks ago
Why Is Transocean (RIG) Down 0.9% Since Last Earnings Report?
Transocean (RIG) reported earnings 30 days ago. What's next for the stock?
Positive
Seeking Alpha
1 month ago
Transocean's Management Is Highly Optimistic
Transocean's CEO is optimistic about the company's future, with a fully contracted fleet for 2024-2026 and high day rates indicating strong market conditions. A potential merger with Seadrill could significantly boost Transocean's backlog and fleet, enhancing its competitive position among offshore drillers. Despite strong fundamentals, Transocean's stock remains undervalued due to market skepticism and low oil prices, presenting a potential investment opportunity.
Positive
Seeking Alpha
1 month ago
Transocean: Improved Balance Sheet And Catalyst On The Horizon
Transocean owns 26 ultra-deepwater floaters and eight harsh-environment floaters. RIG has a substantial $9.3 billion backlog, positioning it well for future profitability. The industry's big news is Seadrill's potential acquisition. I believe RIG and SDRL will benefit from the transaction. For 3Q24, RIG reported $948 million in revenue and $338 million in EBITDA. YoY revenue grew by 32.9% and EBITDA by 117%.
Positive
MarketBeat
1 month ago
Oil's Ready to Rally: 3 Stocks to Buy as the Energy Sector Heats
Price action is often one of the most important indicators for investors to keep track of in the market, and price action only comes with the right amount of volume underneath. Knowing this, investors would benefit from looking into the recent price action and volume in the energy sector, particularly names operating in the oil industry.
Neutral
Accesswire
1 month ago
The Schall Law Firm Encourages Investor Participation In An Inquiry Into Transocean Ltd For Securities Related Infractions
LOS ANGELES, CA / ACCESSWIRE / November 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or "the Company") (NYSE:RIG) for violations of the securities laws.
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