- Investing.com
Contract Triumphs | Transocean secures high-value contracts, including a $635,000 daily rate deal with BP, showcasing its strong market position in offshore drilling. |
Navigating Challenges | Explore how Transocean tackles industry-wide issues like "white space" in contracts and idle rigs, potentially impacting its 2024 financial guidance. |
Financial Outlook | Analysts project a shift from loss to profit, with EPS moving from -$0.23 in FY1 to $0.14 in FY2, reflecting Transocean's resilience in a tough market. |
Market Positioning | Delve into Transocean's strategy to leverage its high-spec fleet and operational expertise amidst a positive yet competitive industry outlook. |
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled energy companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.
Metrics to compare | RIG | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipRIGPeersSector | |
---|---|---|---|---|
P/E Ratio | −10.8x | 11.7x | 4.8x | |
PEG Ratio | −0.16 | 0.05 | 0.00 | |
Price/Book | 0.4x | 1.7x | 1.1x | |
Price / LTM Sales | 1.2x | 1.3x | 1.2x | |
Upside (Analyst Target) | 55.8% | 53.3% | 29.3% | |
Fair Value Upside | Unlock | 25.3% | 8.2% | Unlock |