Transocean: Raising Estimates After Encouraging Drillship Contract Extension - Hold [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
Last week, the company announced a 12-month contract extension for the 7th generation drillship Deepwater Asgard in the U.S. Gulf of Mexico at highly encouraging terms. With the recent lull in deepwater contracting activity apparently not impacting dayrates for high-specification assets, I am raising my profitability expectations for 2025. However, Transocean remains overvalued relative to peers based on a number of key metrics. Reiterating "Hold" rating with an increased price target of $6. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » Note: I have covered Transocean Ltd. NYSE: RIG ) previously, so investors should view this as an update to my earlier articles on the company. Over the past month, strengthening oil prices have induced a swing in market sentiment thus resulting in strong gains for offshore drillers exposed to the floater markets (drillships and semi-submersi
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RIG
News
- 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
- Transocean Ltd. Announces Consent Solicitation for 8.375% Senior Secured Notes due 2028 [Yahoo! Finance]Yahoo! Finance
- Transocean Ltd. Announces Consent Solicitation for 8.375% Senior Secured Notes due 2028GlobeNewswire
RIG
Earnings
- 4/29/24 - Beat
RIG
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/18/24 - Form 8-K
- RIG's page on the SEC website