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.
Similarly, 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.
What is the future of Transocean stock? Stock Price Forecast
The 11 analysts offering 12-month price forecasts for Transocean Ltd have a median target of 4.50, with a high estimate of 6.00 and a low estimate of 3.00. The median estimate represents a -0.44% decrease from the last price of 4.52.
Thereof, Is RIG a buy right now?
RIG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Investors should also recognize that RIG has a P/B ratio of 0.22.
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.
Does Transocean Ltd pay a dividend?
Transocean (NYSE: RIG) does not pay a dividend.
How high does IDEX go?
IDEX stock hit a 2022 high of $1.44 in early January and a low of $0.87 later in the same month. In 2021 its stock price ranged from 88 cents to $5.53. In an interview with Capital.com, Vinod Jain, senior analyst at Aite-Novarica Group, said “the stock could see more volatility due to its current price point”.
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.
What is Transocean company?
Transocean Ltd. is an American company. It is the world’s largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, Scotland, India, Brazil, Singapore, Indonesia, and Malaysia.
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.
Is Transocean an American company?
Transocean Ltd. is an American company. It is the world’s largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, Scotland, India, Brazil, Singapore, Indonesia, and Malaysia.
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.
Is Ideanomics a Chinese company?
IDEX Stock and the Chinese EV Business
But it’s important to remember what Ideanomics’ Chinese EV business is at the moment. It’s a reseller. It buys vehicles in bulk and sells them individually, earning a spread in the process.
Is it good to buy IDEX stock?
Is IDEX a Good Stock to Buy? In my judgment, IDEX is a good stock to buy at current prices. It is relatively cheap compared to other EV car companies such as Nio and Tesla. In addition, it is racking up strategic partnerships along the way, making it a competitive player in a post-fossil-fuel-driven world.
Is IDEX undervalued?
PB vs Industry: IEX is overvalued based on its PB Ratio (5.3x) compared to the US Machinery industry average (2.4x).
What happened to Transocean?
Transocean ( RIG -3.19% ) fell 20% in July as lower oil prices soured investor sentiment on oil production and exploration stocks. No bad news came out in the month about Transocean, specifically, but lower-than-expected crude oil prices could threaten the company’s financial performance in the coming quarters.
Who are Transocean competitors?
Transocean’s top competitors include Aban Offshore, Borr Drilling, Energold Drilling, Noble, Oceaneering and Loews.
Who did Transocean buy?
In May, Transocean Ltd. acquired Songa Offshore SE. The acquisition added seven floaters, four of which were high specification harsh environment.
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.
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