Transocean Stock News

The "Halftime Report" traders give their top picks to watch for the second half.

Transocean Ltd. revenues in Q1 2023 were $649 million, up from $586 million in Q1 2022, an increase of 10.8%. The backlog increased significantly in the past few quarters and is now $8.6 billion as of

With the recent surge in speculation and the notable relative strength of the iShares Russell 200 ETF NYSE: IWM, there has been a growing interest in high short-interest stocks. Simply put, there is a

Transocean (RIG) reported earnings 30 days ago. What's next for the stock?

It may be time to sell some of the top energy stocks, especially as they become overvalued. Sure, according to the International Energy Agency, rising post-Covid demand from China, coupled with tight

It would be prudent to wait for a better entry point as the timing is still not right for investors to hit the Buy button on Transocean (RIG).

Transocean has recently reported in-line earnings results. The company's management issued a very positive outlook and confirmed their willingness to reactivate cold-stacked rigs.

The "Halftime Report" traders give their top picks to watch for the second half.

Transocean (RIG) expects adjusted contract drilling revenues of $735 million, operations and maintenance expenses of $460 million, net interest expenses of $118 million, capital expenditure of $100 mi

Transocean is struggling to find work for most of its offshore drilling rigs.

Finding stocks that will outperform the market is a daunting task in any market. It's challenging when every sector in the S&P 500 is getting hammered.

The "Halftime Report" traders give their top picks to watch for the second half.

Transocean (RIG) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.28 per share a year ago.

In early regular-session trading on Friday, the Dow Jones industrials were down 0.14%, the S&P 500 down 0.07% and the Nasdaq 0.31% lower.

While strong revenue efficiency is likely to have boosted Transocean's (RIG) first-quarter results, escalation in costs might have neutralized those gains.