Is Transocean Ltd stock A Buy? Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Transocean Ltd stock to perform well in the short-term.
Similarly, Is Transocean a buy or sell?
The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change.
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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 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, What is the highest Transocean stock has ever been?
The all-time high Transocean stock closing price was 185.31 on November 06, 2007. The Transocean 52-week high stock price is 5.56, which is 31.8% above the current share price. The Transocean 52-week low stock price is 2.63, which is 37.7% below the current share price.
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.
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.
Does Transocean pay a dividend?
The current TTM dividend payout for Transocean (RIG) as of April 01, 2022 is $0.00. The current dividend yield for Transocean as of April 01, 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 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 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.
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 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.
How does Transocean make money?
Transocean’s business model
It uses floating drilling vessels, known as Mobil Offshore Drilling Units-MODU’s to drill oil and gas wells for its clients.
Is Transocean a good company?
Transocean is a reputable company to work for. This company used to be the best in the job industry. The compensation and benefits is great. There is room for advancement with this company.
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.
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
What does a rover do at Transocean?
– Handle drilling tools and tubulars on the rig floor for the purpose of making up/breaking down drill string, riser and other drilling systems. – Assist the Driller in all operations on the rig floor.
What is it like working for Transocean?
Safety is is always first priority with Transocean and the people I worked with makes me feel like a family member. Transocean is a very good and professional company you can trust and I would like to work for them again. I have learned a lot from the people I worked with. The safety training I did I can use at home.
Does Schlumberger own drilling rigs?
Schlumberger offers surface equipment, such as state-of-the-art drilling rigs, managed pressure drilling (MPD) systems and services, and wellhead systems. Our equipment and experts provide reservoir-to-flare services, from planning the well to handling mud and gas as they flow to surface.
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.
Who bought Rowan drilling?
London-based Ensco PLC completed its multibillion-dollar acquisition of Houston’s Rowan Companies PLC in April, becoming Ensco Rowan PLC (NYSE: ESV).
How many rigs does Transocean have in the Gulf of Mexico?
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.
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