Rig Stock Symbol Transocean Ltd. Stock Analysis

Let's take a closer look at Transocean Ltd., a leading offshore drilling contractor with a stock symbol of RIG. Transocean Ltd. is a Swiss-based company that was founded in 1927.

The company operates a fleet of 44 mobile offshore drilling units, including 22 ultra-deepwater floater rigs. Transocean has a significant presence in the global offshore drilling market.

Transocean's stock has been publicly traded since 2002, and it's listed on the New York Stock Exchange (NYSE).

Transocean's revenue is expected to be $3,874 USD in 2025.

The company's fleet status is likely to be a major factor in its revenue growth. In 2025, Transocean's revenue is expected to be $3,874 USD, up from $962 USD in the current quarter.

Transocean's fleet is expected to be busy in 2025, with a revenue of $3,874 USD. This is based on estimates from 19 analysts, with an average estimate of $3,874 USD.

The company's revenue is expected to be $3,874 USD in 2025, with a range of $3,874 USD to $3,969 USD.

Transocean is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol RIG.

Their fleet includes vessels such as the Deepwater Atlas, Deepwater Conqueror, and Deepwater Invictus.

The company has secured significant contract awards and extensions, including a 365-day contract for the Deepwater Atlas at a rate of $635,000 per day.

Transocean's backlog has increased to $9.3 billion, up from an undisclosed amount, following the addition of approximately $1.3 billion in new fixtures.

The Deepwater Invictus has secured a 1095-day contract at a rate of $485,000 per day, and the Deepwater Conqueror has secured a 365-day contract at a rate of $530,000 per day.

Transocean's fleet operates in various regions, including the U.S. Gulf of Mexico, India, Norway, and Australia.

Transocean Analyst Opinions are a mixed bag, but overall, analysts seem to be cautiously optimistic about the company's future. The Benchmark Company has maintained a "Buy" rating for Transocean stock since 07/25/24, with a price target of $8.

Several analysts have upgraded their ratings for Transocean over the past year. Susquehanna Financial Group, LLLP upgraded its rating to "Buy" on 04/08/24, with a price target of $9. Similarly, Citigroup Corp. upgraded its rating to "Buy" on 07/05/23, with a price target of $9.5.

Despite the upgrades, some analysts remain skeptical. Bank of America Merrill Lynch has maintained a "Sell" rating for Transocean stock since 04/15/24, with a price target of $6.

Here's a breakdown of the analyst ratings for Transocean stock:

The average analyst rating for Transocean stock is "Hold", according to a report from 10 stock analysts. This suggests that analysts believe the stock is likely to perform similarly to the overall market.

Transocean has a few upcoming earnings reports, with the first one scheduled for February 17, 2025. The estimated earnings per share for Q4 2024 is $0.006.

The company's stock price is expected to increase significantly, with an average target of $5.56 and a high estimate of $6.50. This represents a potential increase of 46.70% from the current stock price.

Here's a breakdown of the estimated earnings per share and the corresponding dates:

The Transocean Dividend Calendar is a great tool for investors to stay on top of the company's dividend payments. Transocean Ltd. has a history of paying dividends, but the amount has varied over the years.

In 2015, the company paid a dividend of $1.05 per share, with a yield of 8.48%. This was a significant increase from the previous year.

The highest dividend paid by Transocean Ltd. was in 2014, with a payment of $2.81 per share and a yield of 15.33%.

Here is a breakdown of the company's dividend payments from 2001 to 2015:

It's worth noting that the company has also paid dividends in other years, but the amounts were $0.00 per share.

Forecasting is a crucial aspect of business, and Transocean's financial performance is no exception. The company's stock price is expected to increase by 46.70% from its current price of 3.79, according to the 8 analysts with 12-month price forecasts.

The average target for Transocean's stock price is 5.56, with a low estimate of 4.50 and a high estimate of 6.50. This suggests a significant potential upside for investors.

Transocean's revenue is expected to grow from 3,874 USD in 2025 to 3,969 USD in 2026, and then to 3,951 USD in 2027. This steady growth indicates a positive trend for the company.

Here's a breakdown of the estimated revenue growth:

The company's earnings per share (EPS) are also expected to increase, from 0.14 USD in 2025 to 0.24 USD in 2026 and then to 0.25 USD in 2027. This indicates a positive trend in the company's financial performance.

Transocean's net profit is expected to grow from 134 USD in 2025 to 247 USD in 2026 and then to 214 USD in 2027. This steady growth suggests a positive trend for the company's financial performance.