Transocean: Improved Balance Sheet And Catalyst On The Horizon [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
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Source: Seeking Alpha
Transocean owns 26 ultra-deepwater floaters and eight harsh-environment floaters. RIG has a substantial $9.3 billion backlog, positioning it well for future profitability. The industry's big news is Seadrill's potential acquisition. I believe RIG and SDRL will benefit from the transaction. For 3Q24, RIG reported $948 million in revenue and $338 million in EBITDA. YoY revenue grew by 32.9% and EBITDA by 117%. The company has an adequate capital structure with 68% total debt to equity and 47.6% total assets to total liabilities. The next significant maturity is in 2027. I have opened a small position. I will add more size if the deal with Seadrill gets a green light. I give RIG a Buy rating. MarkusBeck Introduction Transocean ( NYSE: RIG ) is one of the leading oil rigs owners. Investors dislike it because of its leveraged balance sheet. RIG is the only company that has survived the previous market cycle. However, there is a reason for that. Transocean made it because T
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RIG
News
- Paratus Announces Successful Uplisting to Euronext Oslo Børs, Appoints Mark Mey to Board of Directors [Yahoo! Finance]Yahoo! Finance
- Transocean Ltd. (NYSE: RIG) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Transocean Ltd. (RIG): Strengthening Position in the Oversold Energy Sector [Yahoo! Finance]Yahoo! Finance
- Transocean Ltd. (RIG): Top Penny Stock with Strong Offshore Drilling Prospects [Yahoo! Finance]Yahoo! Finance
- The Schall Law Firm Encourages Investor Participation In An Inquiry Into Transocean Ltd For Securities Related Infractions Accesswire
RIG
Earnings
- 10/30/24 - Miss
RIG
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 3
- 11/13/24 - Form SCHEDULE
- RIG's page on the SEC website