Transocean에 대한 매도 수량은 투자자에게 Transocean의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Transocean (NYSE:RIG) 주식, 공매도 수량 보고

Transocean

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. Its segment involves contracting mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.

News

Movers

트랜스오션(NYSE:RIG)의 주가는 OPEC+가 원유 감산을 2025년까지 연장하기로 결정한 이후 월요일 하락세로 거래되었다. 회사 개요 (What To Know): 석유 수출국기구(OPEC)와 러시아를 중심으로 한 동맹국들이 결성한 OPEC+는 미미한 수요 증가, 고금리, 미국 생산의 증가에 대한 우려를 해결하는 것을 목표로 하고 있다.

OPEC+ 원유 감산 연장 결정에 월요일 트랜스오션의 주식 하락

Transocean Ltd (Switzerland) Common Stock

Transocean Ltd

RELIANCE INDUSTRIES GDR 144A

RICHLAND RESOURCES INTL by Richland Resources International Group,

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Rigel Pharmaceuticals, Inc. - Common Stock

Rigel Pharmaceuticals Inc

RIDGESTONE MINING INC by Ridgestone Mining Inc.

Ridgestone Mining Inc

RiverFront Strategic Income Fund

TRANSOCEAN ORD

Susquehanna analyst Charles Minervino maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Positive and lowers the price target from $7 to $6.5.

Price Target

Analyst Ratings

Susquehanna Maintains Positive on Transocean, Lowers Price Target to $6.5

WIIM

Transocean shares are trading higher after the company reported Q3 sales that beat analyst estimates.

Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) reported quarterly sales of $948.000 million which beat the analyst consensus estimate of $943.833 million by 0.44 percent. This is a 32.96 percent increase over sales of $713.000 million the same period last year.

Earnings

Earnings Beats

Transocean Q3 Sales $948.000M Beat $943.833M Estimate

Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-30. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Transocean will report an earnings per share (EPS) of $-0.04.
Anticipation surrounds Transocean's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.05, leading to a 5.7% drop in the share price the following trading session.
Here's a look at Transocean's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.10</td>
<td>-0.14</td>
<td>-0.23</td>
<td>-0.23</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.15</td>
<td>-0.03</td>
<td>-0.09</td>
<td>-0.36</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>-10.0%</td>
<td>-4.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730224864_0.png" alt="eps graph" />
<h3>Transocean Share Price Analysis</h3>
Shares of Transocean were trading at $4.03 as of October 28. Over the last 52-week period, shares are down 40.81%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/RIG/earnings">To track all earnings releases for Transocean visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Transocean's Earnings Preview

Transocean Provides Fleet Status Report; Reports $9.3B Total Backlog As Of October 24, 2024

Barclays analyst David Anderson maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Equal-Weight and lowers the price target from $6 to $4.5.

Barclays Maintains Equal-Weight on Transocean, Lowers Price Target to $4.5

The financial news frequently emphasizes stocks with heavy insider selling, premised on the assumption that insiders believe the stock is overpriced and that they are taking profits ahead of retail investors. However, most of the time, these sales are part of a previously disclosed plan and disclosed to the SEC months in advance. &nbsp;
This proves the saying that investors have many reasons to sell a stock, but the same is not necessarily true of insider buying. Typically, insiders have only one reason to buy a stock. That is, they believe it&#39;s fundamentally undervalued. &nbsp;
When you combine an undervalued stock with a price below $20, you have a chance for impressive gains. That&#39;s the case with the three stocks on this list. Plus, you can factor in the idea that these are mid-cap stocks that offer more potential for growth than more mature large-cap stocks but remove the risk that can be found in unprofitable small-cap stocks.&nbsp;
<h2>Transocean Is Well-Positioned for a Potential Oil Supercycle &nbsp;</h2>
Transocean Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rig#NYSE">RIG</a>) leases rigs and drilling equipment for oil companies. The company&#39;s lease rate directly correlates to the price of oil at the time the contracts are originated. RIG stock is trading at $4.26 as of October 11, 2024.
However, even with a consensus Hold rating, analysts are forecasting a price of $6.88, which offers a 61% upside.&nbsp;
An insider has bought shares on two separate occasions since its second-quarter earnings report in July. The transactions amounted to $3.5 million shares of RIG stock. &nbsp;
But why should you believe the insiders? First, the macroeconomic picture is favorable. The Federal Reserve started its interest rate cutting cycle with an aggressive 50-basis point cut in September. Energy stocks are expected to benefit as lower rates tend to stimulate business activity which is generally bullish for oil.&nbsp;
Second, the company signed two high-value contracts which will have over 90% of its fleet committed through 2025. And the company is well-positioned for more contracts if offshore drilling projects become less regulated in 2025.&nbsp;
<h2>Crescent Energy Nears 52-Week High and New Highs Could Be Ahead&nbsp;</h2>
Another mid-cap stock in the energy sector is Crescent Energy Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crgy#NYSE">CRGY</a>). The company has a different way of playing the energy sector because its business model focuses on acquiring resources rather than developing them. Its portfolio is heavily concentrated in the Eagle Ford and Uinta Basins. &nbsp;
Since the company&#39;s second-quarter earnings report in August, different executives and insiders have purchased CRGY stock on four separate occasions. &nbsp;
The purchases seem well timed, as the stock was up 31% in the month ending October 11 and is nearing its 52-week high. The short-term catalyst for the stock is its inclusion in the S&amp;P SmallCap 600 index, which usually brings with it a flurry of buying from institutional investors whose funds use the index as a benchmark. &nbsp;
That said, the longer-term catalyst for CRGY stock is similar to that of other oil companies: a resurgence in oil prices due to increased drilling activity in 2025 and beyond. Analysts give the stock a $16.20 price target, which offers investors a 20% upside. &nbsp;
<h2>Forget the Robo Taxi; Mobileye May Be a Better Short-Term Buy&nbsp;</h2>
When combing through the list of stocks with heavy insider buying on MarketBeat, Mobileye Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbly#NASDAQ">MBLY</a>) instantly caught my eye. The company, which is partially owned by Intel Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>), is a leader in autonomous driving technology.
The company&#39;s EyeQ chips power Mobileye&#39;s flagship SuperVision platform, consisting of 11 cameras and autonomous vehicle maps that grow smarter over time.&nbsp;
MBLY stock went public in October 2022. The meme stock movement was over at that point, but for about a year, Mobileye delivered an impressive return for investors. It&#39;s been a long fall from that point. In fact, the stock is down over 72% in 2024.&nbsp;The&nbsp;Mobileye analyst forecasts on MarketBeat show the stock with three uncomfortable sell&nbsp;ratings. &nbsp;
Still, the stock has a consensus Hold and a $26.85 price target, which provides an upside of over 107%. Autonomous driving may still be years away (the Robo Taxi isn&#39;t set for production until 2027), but no matter who wins the White House, the move towards non-carbon transportation is not slowing down. &nbsp;
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/3-mid-cap-stocks-under-20-with-insider-buying-and-major-upside/">3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside</a>&quot; first appeared on MarketBeat.

Large Cap

Mid Cap

Penny Stocks

Contracts

Insider Trades

Markets

Tech

Trading Ideas

CRGY

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MBLY

3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside

The contract is expected to commence in October 2025 and contribute approximately&nbsp;$193 million&nbsp;in backlog, including additional services.

Transocean Enters $193M, One-year Contract For Deepwater Conqueror With An Undisclosed Operator In US Gulf Of Mexico

Oil prices took a sharp dive on Tuesday, tumbling over 5% in morning trading in New York, as geopolitical tensions in the Middle East slightly eased after Israeli Prime Minister Benjamin Netanyahu reportedly pledged that Iran's crude oil infrastructure would be spared from <a href="https://www.benzinga.com/news/24/10/41321699/oil-prices-drop-after-netanyahu-says-israel-will-attack-military-not-oil-or-nuclear-targets-in-iran">any potential retaliatory strikes. </a>
West Texas Intermediate (WTI) crude, the U.S. benchmark, tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), nosedived to $70 per barrel, down more than 5% as of 10 a.m. ET. This marks the steepest one-day decline in over a year.
The selloff followed a Monday report from The Washington Post that said that Netanyahu assured the Biden administration that Israel would avoid targeting Iranian oil and nuclear facilities in any retaliatory military actions.
The assurance suggested a narrower scope of potential conflict, reducing fears of widespread supply shocks in the global oil market.
Market analysts had previously warned that an Israeli strike on Iran&#8217;s oil infrastructure could send crude prices skyrocketing by $20 per barrel, highlighting concerns that Tehran would retaliate by attacking oil installations throughout the Gulf region, potentially triggering a broader energy crisis.
<h3 class="wp-block-heading">Crude Suffers Worst Drop In Over 1 Year As Middle East Supply Fears Recede</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="469" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15102337/image-118-1024x469.png" alt="" class="wp-image-596308" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15102337/image-118-1024x469.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15102337/image-118-300x137.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15102337/image-118-768x351.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15102337/image-118-1536x703.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15102337/image-118.png 1884w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent101524&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
<h3 class="wp-block-heading">Energy Sector Tanks: US Oil Giants Lead Declines</h3>
The immediate reaction in the markets was swift: U.S. energy stocks plunged, while airlines and cruise lines — typically sensitive to fuel prices — enjoyed a sharp relief rally.
The energy sector was one of the biggest losers on the day. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), which tracks major U.S. energy companies, slid 2.8%, setting up for its worst day since late April. 
АРА Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>), Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) and Valero Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) were the worst performers within the XLE ETF, with declines of about 4%.
Companies involved in upstream exploration and production were hit even harder, with the SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) falling 3.1%. Talos Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TALO#NYSE">TALO</a>), Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) and Crescent Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRGY#NYSE">CRGY</a>) each tumbled by over 4%. 
Downstream oil service providers also struggled, with the VanEck Oil Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) dropping 3.6%. Major oilfield services companies like Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) and Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) both fell about 3%, while Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) underperformed, down 5%. 
<h3 class="wp-block-heading">Airlines And Cruise Lines Rally: Lower Fuel Costs, Strong Earnings Expectations Lift Sentiment</h3>
While energy stocks suffered, sectors reliant on cheaper fuel prices thrived. Airlines and cruise lines, in particular, were among the best performers within the S&amp;P 500 as the prospect of lower oil prices offered some relief.
Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) surged 4.3%, while Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) jumped 5.3%. 
Goldman Sachs recently raised its price target on Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) from $195 to $220, anticipating strong earnings momentum. Similarly, NCLH saw its price target lifted from $22 to $24.
In the airline space, American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) rallied 3.5%, United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) gained 1.2%, reaching its highest level since February 2020, and Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) rose 1.3%.
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Oil Prices Take Largest Plunge In Over A Year As Israel Vows To Spare Iranian Facilities: Energy Stocks Sink, Airlines, Cruise Lines Rally

Transocean shares are trading lower after Benchmark downgraded the stock from Buy to Hold.

Benchmark analyst Kurt Hallead downgrades Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) from Buy to Hold.

Downgrades

Benchmark Downgrades Transocean to Hold

Susquehanna analyst Charles Minervino maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Positive and lowers the price target from $8 to $7.

Susquehanna Maintains Positive on Transocean, Lowers Price Target to $7

CEIX

CGBS

CIVI

EQNR

SHEL

Shares of energy companies are trading lower, pulling back after recently rising amid Middle East tensions. China stimulus uncertainty may also be impacting the demand outlook.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley raised the price target for Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) from $5 to $6. Morgan Stanley analyst Daniel Kutz maintained an Equal-Weight rating. Transocean shares fell 1.4% to close at $4.33 on Wednesday. <a href="https://www.benzinga.com/quote/RIG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho lowered the price target for Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) from $17 to $8. Mizuho analyst Vijay Rakesh downgraded the stock from Neutral to Underperform. Wolfspeed shares gained 2.9% to close at $9.15 on Wednesday. <a href="https://www.benzinga.com/quote/WOLF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group slashed Academy Sports and Outdoors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) price target from $65 to $60. Evercore ISI Group analyst Greg Melich downgraded the stock from Outperform to In-Line. Academy Sports and Outdoors shares fell 1.3% to close at $55.56 on Wednesday. <a href="https://www.benzinga.com/quote/ASO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank raised Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) price target from $600 to $620. Deutsche Bank analyst Scott Deuschle maintained a Buy rating. Lockheed Martin shares fell 0.4% to close at $603.20 on Wednesday. <a href="https://www.benzinga.com/quote/LMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank slashed The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) price target from $225 to $195. Deutsche Bank analyst Scott Deuschle maintained a Buy rating. Boeing shares fell 0.9% to close at $152.89 on Wednesday. <a href="https://www.benzinga.com/quote/BA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised the price target for CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) from $177 to $180. B of A Securities analyst Craig Siegenthaler maintained an Underperform rating. CME fell 0.8% to close at $223.57 on Wednesday. <a href="https://www.benzinga.com/quote/CME/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank raised GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) price target from $212 to $235. Deutsche Bank analyst Scott Deuschle maintained a Buy rating. GE Aerospace shares gained 0.1% to close at $186.44 on Wednesday. <a href="https://www.benzinga.com/quote/GE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised the price target for On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) from $52 to $56. Piper Sandler analyst Anna Andreeva maintained an Overweight rating. On Holding shares fell 0.3% to close at $49.21 on Wednesday. <a href="https://www.benzinga.com/quote/ONON/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities cut CoreCard Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCRD#NYSE">CCRD</a>) price target from $19 to $15. B. Riley Securities analyst Hal Goetsch downgraded the rating from Buy to Neutral. CoreCard shares fell 4.6% to close at $13.89 on Wednesday. <a href="https://www.benzinga.com/quote/CCRD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) price target from $35 to $15. Morgan Stanley analyst Devin McDermott downgraded the stock from Overweight to Equal-Weight. New Fortress Energy shares fell 7.6% to close at $8.94 on Wednesday. <a href="https://www.benzinga.com/quote/NFE/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying GE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-1024x512.png" alt="" class="wp-image-578508" style="width:618px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13.png 1342w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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GE Aerospace To Rally Around 26%? Here Are 10 Top Analyst Forecasts For Thursday

Morgan Stanley analyst Daniel Kutz maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Equal-Weight and raises the price target from $5 to $6.

Morgan Stanley Maintains Equal-Weight on Transocean, Raises Price Target to $6

CTRA

VIST

Shares of energy companies are trading higher amid a rise in oil after the Israeli military carried out an airstrike on Hezbollah headquarters in Beirut, Lebanon. Also, Israeli Prime Minister Netanyahu, in a speech to the UN, mentioned Hezbollah and said his country has "every right to remove this threat and return our citizens to their homes safely."

Morgan Stanley analyst Daniel Kutz maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Equal-Weight and lowers the price target from $7 to $5.

Morgan Stanley Maintains Equal-Weight on Transocean, Lowers Price Target to $5

Citigroup analyst Scott Gruber downgrades Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) from Buy to Neutral.

Citigroup Downgrades Transocean to Neutral

Transocean Ltd.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rig#NYSE">RIG</a>) has secured a new assignment with the British oil major, BP plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bp#NYSE">BP</a>), in the U.S. Gulf of Mexico. The company&#39;s Deepwater Atlas ultra-deepwater drillship has been contracted for the assignment. The contract, valued at $232 million, has a duration of 365 days, with a 365-day option. Work related to the assignment is expected to begin in the second quarter of 2028.&nbsp;
The Deepwater Atlas drillship is one of the two eighth-generation drillships to join Transocean&#39;s fleet in 2022.&nbsp; Notably, it is known to be one of the first drillships to be equipped with 20,000-psi well control capabilities, along with a hoisting capacity of 3.4 million pounds. Another eighth-generation drillship, Deepwater Titan,&nbsp;joined Transocean&#39;s fleet the same year. With the help of these drillships, the Gulf of Mexico region is entering a new exploration phase under high-pressure and high-temperature conditions.
The seventh-generation drillships have a hoisting capacity of 2.5-2.8 million pounds, while the sixth-generation ones have a hoisting capacity of up to 2.0 million pounds. Seventh-generation drillships are limited to 15,000 psi well control systems.
The new eighth-generation drillships offer unique features with improved capabilities and cutting-edge tools that are well-suited for drilling wells in deepwater environments. These drillships, in particular, can operate at water depths of 12,000 feet and drill up to a depth of 40,000 feet.
Designed to improve sustainability, these drillships help optimize fuel consumption and reduce greenhouse gas emissions. Consequently, they have a lower carbon footprint associated with their offshore operations.
The Deepwater Atlas drillship was built by Seatrium, erstwhile known as Sembcorp Marine. It was delivered to Transocean in June 2022. Before its delivery, Transocean secured a drilling assignment for the rig with Beacon Offshore in August 2021.
<h2>Zacks Rank and Key Picks</h2>
Currently, RIG carries a Zacks Rank #3 (Hold), while BP has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the energy&nbsp;sector are&nbsp;PEDEVCO Corp. (AMEX:PED)&nbsp;and&nbsp;MPLX LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mplx#NYSE">MPLX</a>), presently sporting a Zacks Rank #1 (Strong Buy) each.
PEDEVCO is engaged in the acquisition and development of energy assets in the United States and Pacific Rim countries. The company stands to benefit significantly from its holdings in the Permian Basin, one of the most prolific oil-producing regions in the United States, as well as in the D-J Basin in Colorado, which includes more than 150 high-quality drilling locations. Combined with bullish oil prices, this is expected to boost PEDEVCO&#39;s production and overall profitability.
MPLX LP owns and operates a wide range of midstream assets. The partnership&#39;s midstream assets include oil and natural gas gathering systems and transportation pipelines for crude, natural gas and refined petroleum products. MPLX is least exposed to commodity price fluctuations as it generates stable fee-based revenues. Furthermore, it surpasses its industry peers in terms of distribution yield, reflecting its commitment to returning capital to its unitholders.
<a href="https://www.zacks.com/stock/news/2335234/transocean-secures-new-drilling-assignment-in-the-gulf-of-mexico?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2335234">To read this article on Zacks.com click here.</a>

Small Cap

Events

MPLX

Transocean Secures New Drilling Assignment in the Gulf of Mexico

Transocean shares are trading higher after the company secured a $232 million contract with BP for the Deepwater Atlas in the U.S. Gulf of Mexico.

As one of the biggest offshore drillers worldwide, Transocean ($RIG) is navigating an industry downturn and substantial stock price slump. The comp...

Transocean's (RIG) Potential Merger with Seadrill Could be a Game Changer

Transocean: Management Is Keeping This Rig From Sinking

Here are the major earnings after the close today

Transocean Non-GAAP EPS of $0.00 beats by $0.04, revenue of $948M beats by $1.83M

Reports Q3 revenue $948M, consensus $943.83M. "As illustrated by the nearly $1.3 billion in backlog booked in the third quarter, including the rece...

Transocean reports Q3 adjusted EPS 0c, consensus (4c)

Transocean Ltd. (RIG) Q3 2024 Earnings Call Transcript

Transocean: Not A Bargain, But Shielded From Near-Term Market Weakness (Rating Downgrade)

Transocean LTD ( ($RIG) ) has released its Q3 earnings. Here is a breakdown of the information Transocean LTD presented to its investors. Transocea...

Transocean Ltd. Reveals Q3 Financial Performance

Unusual total active option classes on open include: Globalstar (GSAT), American Tower (AMT), Wayfair (W), Chevron (CVX), Reddit Inc (RDDT), Transo...

Unusually active option classes on open November 1st

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Transocean (RIG – Research Report) and Diamondback (FA...

Analysts' Opinions Are Mixed on These Energy Stocks: Transocean (RIG) and Diamondback (FANG)

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Press Releases

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Transocean Ltd. - RIG

SANDRIDGE ENERGY, INC. ANNOUNCES APPOINTMENT OF VINCENT INTRIERI AS CHAIRMAN OF THE BOARD AND JONATHAN FRATES AS CHIEF FINANCIAL OFFICER

Leading the Charge: PRSO, DUO, INDO, RIG, MTC – Energy and Technology Stocks Poised for Continued Gains

Transocean Ltd. Announces $193 Million Ultra-Deepwater Drillship Contract

Transocean Ltd. Announces Third Quarter 2024 Earnings Release Date

General

Transocean Ltd. Provides Quarterly Fleet Status Report

Transocean Ltd. Reports Third Quarter 2024 Results

INDO

PRSO

Susquehanna

Barclays

Morgan Stanley

Evercore ISI Group

B of A Securities

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