Transocean leads offshore drillers lower as Benchmark downgrades trio [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
as deepwater drilling contract and pricing momentum has slowed from the torrid pace through this year's H1. Industry sources indicate the cadence of contract awards should accelerate during H2 2025, but in the near term, "intermittent rig utilization aka 'white space' will be a drag on investor sentiment," Benchmark analyst Kurt Hallead writes. The analyst reduces his FY 2025 EBITDA estimates for Transocean ( RIG ) by 9% to $1.6B and Valaris ( VAL ) by 4% to $860M, while raising his 2025 EBITDA estimate for Noble ( NE ) to $1.5B vs. $1.2B previously. The three companies remain well positioned to generate free cash flow in 2025 and return excess cash to shareholders, according to Hallead. Recommended For You Comments More Trending News Recommended For You More Trending News
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RIG
News
- Transocean Ltd. Is Being Investigated For Possible Securities Fraud And Affected Shareholders Are Urged To Contact The Schall Law FirmAccesswire
- Transocean Ltd. Announces $193 Million Ultra-Deepwater Drillship ContractGlobeNewswire
- The Schall Law Firm Encourages Investor Participation In An Inquiry Into Transocean Ltd For Securities Law Violations Accesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Transocean Ltd. - RIGAccesswire
- Transocean Ltd. Is Being Investigated For Possible Securities Fraud And Affected Shareholders Are Urged To Contact The Schall Law FirmAccesswire
RIG
Earnings
- 7/31/24 - Miss
RIG
Sec Filings
- 10/17/24 - Form 8-K
- 10/15/24 - Form SC
- 9/13/24 - Form 4
- RIG's page on the SEC website