|Bid||1.4200 x 2200|
|Ask||1.4200 x 1300|
|Day's range||1.3700 - 1.4600|
|52-week range||0.7600 - 7.2800|
|Beta (5Y monthly)||2.43|
|PE ratio (TTM)||N/A|
|Earnings date||27 Jul 2020 - 31 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||21 Aug 2015|
|1y target est||3.34|
At the time, onshore oil was steadily getting harder to find and more expensive to extract. Shale oil was getting started, but pulling oil out of those tight formations was very expensive and required constant drilling of new wells since output declined quickly.
The offshore drilling industry continues to take an absolute beating. On May 13, shares that make up nearly the entire sector fell by double digits on a combination of bad news on the oil inventory front, and a speech from U.S. Federal Reserve chairman Jerome Powell that spooked the entire stock market. As of 1:16 p.m. EDT, shares of Valaris PLC (NYSE: VAL), Noble Corp. (NYSE: NE), Borr Drilling (NYSE: BORR), and Transocean (NYSE: RIG) were all down between 9% and 15%.
Shares of offshore drilling specialist Transocean (NYSE: RIG), midstream operator Targa Resources (NYSE: TRGP), and oil and gas producer Ovintiv (NYSE: OVV) spent a large part of trading on May 12 up more than 10%. Transocean shares finished trading up 13.5%, while Targa and Ovintiv shares closed up around 8%. The last big news for any of the three came last week, when Targa Resources reported on May 7, reporting solid results and a big increase in adjusted EBITDA, helping reassure investors after having gutted its dividend earlier this year.
Transocean's (RIG) Ultra-deepwater floaters contribute to 59.6% of total contract drilling revenues while Harsh Environment floaters and Midwater floaters account for the remainder.
It's shaping up to be a tough period for Transocean Ltd. (NYSE:RIG), which a week ago released some disappointing...
At this time, I would like to turn the conference over to Mr. Brad Alexander, Vice President of Investor Relations. Joining me on this morning's call are Jeremy Thigpen, President and Chief Executive Officer; Mark Mey, Executive Vice President and Chief Financial Officer; and Roddie MacKenzie, Senior Vice President of Marketing and Contracts.
Transocean (RIG) delivered earnings and revenue surprises of 0.00% and -4.07%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Total contract drilling revenues were $759 million (total adjusted contract drilling revenues of $807 million), compared with $792 million in the fourth quarter of 2019 (total.
Transocean (RIG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Transocean (RIG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In Q1, National Oilwell's (NOV) lower deliveries of capital equipment are likely to have been partially mitigated by a marginal rise in aftermarket sales.
Transocean Ltd. (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. Since its last Fleet Status Report in October, Transocean added approximately $10 million in contract backlog, bringing total backlog to $9.6 billion. The report can be accessed on the company’s website: www.deepwater.com.
EDITORS NOTE: Corrects day of week to Thursday instead of Tuesday, April 30. STEINHAUSEN, Switzerland, April 15, 2020 -- Transocean Ltd. (NYSE: RIG) announced today that it.
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
Potential Transocean Ltd. (NYSE:RIG) shareholders may wish to note that the Independent Chairman of the Board...