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RIG scores best on the Momentum dimension, with a Momentum rank ahead of 97.54% of US stocks. The strongest trend for RIG is in Value, which has been heading down over the past 179 days.
Similarly, Is RIG stock a buy or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment.
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
What is the price target for RIG? Stock Price Target RIG
| High | $ 6.00 |
|---|---|
| Median | $ 4.50 |
| Low | $ 3.00 |
| Average | $ 4.24 |
| Current Price | $ 4.47 |
Thereof, Will RIG stock go up?
Given the current short-term trend, the stock is expected to rise 41.94% during the next 3 months and, with a 90% probability hold a price between $5.99 and $7.66 at the end of this 3-month period.
Is Transocean stock a buy?
Summary. Transocean is in a speculative buy zone, and has some unique characteristics that will lift rig rates modestly over the next year. Oil prices are currently very supportive for higher rig rates, and if we get above $80 a bbl for Brent sustainably, could create lift in demand.
Does RIG pay a dividend?
The current TTM dividend payout for Transocean (RIG) as of April 08, 2022 is $0.00. The current dividend yield for Transocean as of April 08, 2022 is 0.00%. Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells.
Does Schlumberger own Transocean?
Schlumberger shareholders will own about 52% of the combined drilling company, while Transocean shareholders will have the rest. In New York Stock Exchange composite trading Monday, shares of Transocean rose 87.5 cents to close at $29.875, while shares of Schlumberger rose 50 cents to close at $64.8125.
Who is the largest offshore drilling company?
The world’s biggest offshore drilling companies
- Schlumberger – $32.8bn. …
- Halliburton – $23.99bn. …
- Baker Hughes – $22.9bn. …
- Petrofac – $5.83bn. …
- Weatherford – $5.74bn. …
- China Oilfield Services Limited (COSL) – $3.17bn. …
- Nabors Offshore – $3.05bn. …
- Transocean – $3.01bn.
Who is Transocean owned by?
In 1993, Sonat spun off the majority of its ownership in the company. Sonat sold its remaining 40% stake in the company during a secondary public offering in late 1995. In 1996, the company acquired Norwegian group Transocean ASA for US$1.5 billion.
Is Transocean an American company?
Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1954 and is headquartered in Steinhausen, Switzerland.
What is the world’s biggest oil rig?
6 Biggest Oil Rigs in the World
- Berkut. This 200,000 ton rig is situated off the Russian Pacific coast. …
- Perdido. Operated by Shell in the Gulf of Mexico, Perdido (see image above) is the world’s deepest oil rig at 2.450 metres. …
- Petronius. …
- Hibernia. …
- Olympus. …
- Baldplate.
Who owns the most oil rigs?
Nabors Industries Ltd. of Texas, United States generated a revenue of 2.1 billion U.S. dollars in 2020, making it one of the largest land drilling companies in the world. The company is also owner of the most land drilling rigs in the world.
Where is the biggest oil rig in the world?
The largest in the world, weighing over 200,000 tonnes and located in the Sakhalin-1 oil field off the Russian Pacific Coast. The platform is subjected to sub-arctic conditions, meaning it had to be constructed to withstand the most extreme surroundings.
Where is Transocean located in USA?
Company Description: Transocean Offshore USA Inc. is located in Houston, TX, United States and is part of the Support Activities for Mining Industry.
How much do Transocean employees make?
Transocean Offshore Inc Jobs by Salary
| Job Title | Range | Average |
|---|---|---|
| Senior Accountant | Range:$63k – $96k (Estimated *) | Average:$78,157 |
| Drilling Engineer | Range:$54k – $196k (Estimated *) | Average:$120,274 |
| Health Safety Advisor | Range:$65k – $124k (Estimated *) | Average:$91,105 |
| Subsea Engineer | Range:$100k – $218k (Estimated *) | Average:$144,401 |
• 17 févr. 2020
How many rigs does Transocean have working?
Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units consisting of 27 ultra-deepwater floaters, and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships.
Why is Transocean stock so low?
Given the situation, it is not very clear why Transocean’s stock is trading that low. After all, Transocean is an offshore oil driller. Its revenue and therefore the stock price relies heavily on the oil prices. Big Oil invests heavily in offshore drilling contracts if it is profitable for them to do so.
Who are Transocean competitors?
Transocean’s top competitors include Aban Offshore, Borr Drilling, Energold Drilling, Noble, Oceaneering and Loews.
How far out is the furthest oil rig?
Perdido (spanish for lost) is the deepest floating oil platform in the world at a water depth of about 2450 meters (8040 feet) operated by the Shell Oil Company in the Gulf of Mexico. At 267 meters, the above water portion of the structure is almost as tall as the Eiffel Tower.
How high up is an oil rig?
List of tallest oil platforms
| Name | Pinnacle height (metres / feet) | Remarks |
|---|---|---|
| Tombua Landana platform | 474 | |
| Troll A platform | 472 | Tallest object ever moved |
| Coelacanth Platform | 400 | Jacket height 366 m (1,200 ft) |
| Lena Platform | 396 | Jacket height 328.5 m (1,078 ft) |
Do people live on oil rigs?
Living Conditions
Many rigs have around 200 people living and working onboard, and inside look like a cross between a hotel and an office. Cabins are shared, usually 2-4 to a room, with bathrooms shared by cabins. All cooking and cleaning is done for you, with a canteen providing all meals and snacks.
Who builds offshore oil rigs?
Nabors Industries, is the largest land drilling company in the US and one of the top international land drilling contractors, with a fleet of more than 200 land drilling rigs operating in significant oil, gas, and geothermal drilling markets worldwide.
Who is the largest oil company in the USA?
ExxonMobil is currently topping the list of the biggest oil companies in the USA and one of the world’s largest oil companies by production. It is the largest publicly traded international energy company and uses technology and innovation to help meet the world’s growing energy needs.
What’s the best drilling company to work for?
Transocean Ltd. has been crowned the most desirable oil and gas drilling contractor to work for in Rigzone’s 2019 Ideal Employer Survey (IES), which included more than 11,000 respondents from over 100 countries.
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