Transocean: Fresh All-Time Low Tells Us Something About Offshore Drilling [Seeking Alpha]
Transocean Ltd (Switzerland) (RIG)
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm
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US:NYSE Investor Relations:
investor.deepwater.com
Company Research
Source: Seeking Alpha
Transocean: Fresh All-Time Low Tells Us Something About Offshore Drilling Summary RIG has reached last week an all-time low below $5.50. Citigroup downgraded Transocean recently to Neutral from Buy with a $6.70 price target, reduced from $11. Cheap doesn't necessarily mean attractive, but in this case, we could make a daring exception. I recommend accumulating at $5.45 and lower with a short-term target at $7.20. Transocean - The Deepwater Asgard. Year Built: 2014 - Source: MarineTraffic/Damir Pavlovic Investment Thesis Transocean ( ~$11.6 billion As I said in a precedent article, I own the company stock long term, and it represents the most substantial investment in the offshore drilling sector for me and my family portfolio. As I have recommended to all my followers on Seeking Alpha, I have been scaling back considerably my RIG position for the past two years. I have shifted strategy instead to a more short-term approach, while the industry is "transitioning" and wrestling with a "r
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RIG
News
- Transocean Stock - The Good News Is Ignored [Seeking Alpha]Seeking Alpha
- Transocean Breaks $500k Dayrates, But Several Issues Linger [Seeking Alpha]Seeking Alpha
- Transocean: Stock Sells Off On Underwhelming Results And Guidance - Hold [Seeking Alpha]Seeking Alpha
- Transocean Ltd. (NYSE:RIG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Transocean Ltd. (NYSE: RIG) had its price target lowered by analysts at Evercore ISI from $9.00 to $7.00. They now have an "outperform" rating on the stock.MarketBeat
RIG
Earnings
- 4/29/24 - Beat
RIG
Sec Filings
- 5/8/24 - Form 8-K
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- RIG's page on the SEC website