RIG

Transocean has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13.7%. The stock now trades at $5.39, marking a 23.1% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move. Is now the time to buy Transocean, or should you be careful about including it in your portfolio? Check out our in-depth research report to see what our analysts have to say, it’s free. We’re happy investors have made money, but we’re cautious about Transocean. Here are three reasons why there are better opportunities than RIG, plus one stock we’d rather own. A company’s long-term performance can give signals about its business quality. Even a bad business, especially in a cyclical industry, can shine for a year or so, but a top-tier one should exhibit resilience through cycles. Regrettably, Transocean’s sales grew at a sluggish 6.2% compounded annual growth rate over the last five years. This fell short of our benchmark for the energy upstream and integrated energy sector. In any given year, energy gross margins are heavily influenced by prices, hedging, and cost inflation, but over a full cycle these gross margins reveal which producers are structurally advantaged through superior “rock” quality, infrastructure access, and cost position. Transocean, which averaged 37.9% gross margin over the last five years, exhibits poor unit economics in the sector. It means the company will struggle more at lower commodity prices than peers with better gross margins. Free cash flow isn’t a prominently featured metric in company financials and earnings releases, but we think it’s telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. Transocean has shown weak cash profitability relative to peers over the last five years, giving the company fewer opportunities to return capital to shareholders. Its free cash flow margin averaged 4.6%, below what we’d expect for an upstream and integrated energy business. We cheer for all companies serving everyday consumers, but in the case of Transocean, we’ll be cheering from the sidelines. With its shares outperforming the market lately, the stock trades at 26.7× forward P/E (or $5.39 per share). This valuation tells us a lot of optimism is priced in - you can find more timely opportunities elsewher...

HAMILTON, Bermuda, July 09, 2026--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will issue its second quarter 2026 earnings release after the New York Stock Exchange closes on Wednesday, August 5, 2026. In connection with the pending business combination with Transocean Ltd., announced on February 9, 2026, Valaris does not intend to hold future earnings conference calls or provide updates to forward-looking guidance. Valaris uses its website to disclose material and non-material information to investors, customers, employees and others interested in the Company. To receive regular updates on Valaris news or SEC filings, please sign up for Email Alerts on the Company’s website. About Valaris Limited Valaris Limited (NYSE: VAL) is an industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company limited by shares (Bermuda No. 56245). To learn more, visit our website at www.valaris.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260709160212/en/ Contacts Investor & Media Contact:Tim RichardsonDirector – Investor Relations+1-713-979-4619

STEINHAUSEN, Switzerland, July 07, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter 2026 and issue a fleet status report on Wednesday, August 5, 2026, after the close of trading on the New York Stock Exchange. The company will conduct a teleconference starting at 9 a.m. EDT, 3 p.m. CEST, on Thursday, August 6, 2026. Individuals who wish to participate in the teleconference should dial +1 785-424-1222 approximately 15 minutes prior to the scheduled start time and refer to conference code 715943. A listen-only simulcast of the teleconference can be accessed at: www.deepwater.com, by selecting Investors, News, and Webcasts. A replay of the teleconference will be available after 12 p.m. EDT, 6 p.m. CEST, on August 6, 2026. The replay, which will be archived for approximately 30 days, can be accessed at +1 402-220-7239, passcode 715943. The replay also will be available on the company's website. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The Company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world. Transocean owns or has partial ownership interests in and operates a fleet of 27 mobile offshore drilling units, consisting of 20 ultra-deepwater floaters and seven harsh environment floaters. Analyst Contact:Sarah Davidson+1 713-232-7217 Media Contact:Kristina Mays+1 713-232-7734

Transocean Ltd. (NYSE:RIG) is one of the 10 Best Single Digit Stocks to Buy Right Now. On May 6, TD Cowen lifted its price target on Transocean Ltd. (NYSE:RIG) from $5.50 to $6 while keeping a Hold rating on the stock. The research firm updated its model after what it sees as messy first-quarter results and noted that a second Department of Justice request is continuing to pressure the stock. The update followed Transocean Ltd.’s (NYSE:RIG) financial results for the first quarter of 2026. The company reported contract drilling revenue of $1.08 billion, helped by strong revenue efficiency of 97.3%. During the quarter, the company also added $1.6 billion in contract backlog with a weighted average dayrate of around $410,000. Additionally, Transocean Ltd. (NYSE:RIG) reported that it entered into new or extended contracts on five rigs during the quarter, increasing its total backlog to $7.1 billion. This reflects demand for the company’s differentiated assets and includes an implied average dayrate of more than $450,000. The company also said it beat its revenue expectations for the quarter and achieved a strong adjusted EBITDA margin above 40%. Transocean Ltd. (NYSE:RIG) is an international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a strong focus on ultra-deepwater and harsh environment drilling services. The company operates the world’s highest specification floating offshore drilling fleet. While we acknowledge the potential of RIG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Revenue Growth Stocks to Buy According to Wall Street Analysts and 10 AI Stocks That Are About to Explode. Disclosure: None. Follow Insider Monkey on Google News.

Oilfield services and equipment stocks delivered strong Q1 results, mainly driven by stable North Am

Transocean’s first quarter results were shaped by robust operational performance and margin expansion, but the company’s adjusted EPS fell significantly below Wall Street’s expectations. Management attributed the revenue strength to high rig uptime, increased average daily revenue, and new contract wins across multiple regions. CEO Keelan Adamson highlighted, “Our average daily revenue in the period was $476,000, the highest in over a decade.” Despite these positives, the market reacted negatively to the quarter, reflecting concerns about the earnings miss and ongoing cost pressures. Is now the time to buy RIG? Find out in our full research report (it’s free). Revenue: $1.08 billion vs analyst estimates of $1.03 billion (19.3% year-on-year growth, 4.7% beat) Adjusted EPS: -$0.03 vs analyst estimates of $0.08 (significant miss) Adjusted EBITDA: $440 million vs analyst estimates of $377.3 million (40.7% margin, 16.6% beat) Operating Margin: 26.5%, up from 7.1% in the same quarter last year Market Capitalization: $7.15 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Eddie Kim (Barclays) asked whether the market environment in 2027 could surpass the strong dynamics seen in 2023. CEO Keelan Adamson responded that offshore demand and backlog have both increased, with supply-demand fundamentals supporting optimism for continued strength. Eddie Kim (Barclays) also questioned the rationale behind the differing contract terms for Petrobras rigs. Chief Commercial Officer Roderick Mackenzie explained the shorter extension for the Deepwater Aquila allowed for more flexibility in a rising dayrate market. Fredrik Stene (Clarksons Securities) inquired about the implications of the U.S. Department of Justice’s second request regarding the Valaris acquisition. Adamson assured that the process is progressing as expected and remains within the projected closing window. Morgan Stanley Analyst asked about the economics and timing of reactivating cold-stacked rigs. Adamson clarified that reactivation would require a fully contracted return on investment, with costs still ranging from $100 to $150 million and timelines of 12 to 15...

Transocean Ltd. RIG reported a first-quarter 2026 adjusted loss of 3 cents per share, in contrast to the Zacks Consensus Estimate of earnings of 7 cents. The underperformance was primarily due to higher interest expenses and tax-related impacts. However, the bottom line improved from the year-ago quarter’s adjusted loss of 10 cents, supported by higher revenues, stronger fleet utilization, improved revenue efficiency and higher average daily revenues. The Switzerland-based offshore drilling contractor’s contract drilling revenues of $1.08 billion surpassed the Zacks Consensus Estimate of $1.03 billion by 5.2%. This was due to higher-than-expected revenues from ultra-deepwater and harsh environment floaters. Ultra-deepwater and harsh environment revenues beat the consensus mark of $480 million and $264 million, respectively. The top line also increased 19.3% from the year-ago quarter’s reported figure of $906 million. Transocean Ltd. price-consensus-eps-surprise-chart | Transocean Ltd. Quote Adjusted EBITDA was $440 million, up from $244 million in the year-ago period and $385 million in the fourth quarter of 2025. Moreover, the figure beat our model estimate of $352.7 million. Adjusted EBITDA margin was 40.7% compared with 26.9% in the year-ago quarter and 36.8% in the prior quarter. Ultra-deepwater floaters accounted for about 69.2% of total contract drilling revenues, while harsh environment floaters contributed the remaining 30.8%. Transocean’s ultra-deepwater floaters generated revenues of $748 million in the reported quarter, up from $658 million in the year-ago period and $724 million in the prior quarter. Moreover, the figure beat our model estimate of $658 million. Harsh environment floaters contributed $333 million, compared with $248 million in the year-ago quarter and $319 million in the fourth quarter of 2025. Moreover, the figure beat our model estimate of $248 million. Revenue efficiency was 97.3%, up from 96.2% in the previous quarter and 95.5% in the year-ago period. Ultra-deepwater revenue efficiency improved to 97.6% from 94.3% a year ago, while harsh environment revenue efficiency came in at 96.7%. Average daily revenues increased to $475,600 from $443,600 in the year-ago quarter and $461,300 in the prior quarter. However, the figure missed our estimate of $502,600. Average daily revenues from ultra-deepwater floaters rose to $480,700 from...

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Transocean (RIG) just posted first quarter 2026 results, with contract drilling revenue and adjusted EBITDA margin above analyst forecasts, record average daily revenue in over a decade, and roughly US$1.6b of new or extended contracts. See our latest analysis for Transocean. Despite the strong first quarter report and US$1.6b of new contracts, investors have turned cautious in the short term, with a 1-day share price return of 9.16% lower and a 7-day share price return of 7.95% lower. Even so, the stock has a 90-day share price return of 17.04% and a year to date share price return of 47.41%, while the 1-year total shareholder return of 163.71% shows that longer term momentum has been strong even with recent volatility. If Transocean’s offshore drilling story has your attention, it can be useful to compare it with other energy linked plays by checking out 91 nuclear energy infrastructure stocks So, with a strong backlog, improving margins, and a share price that has pulled back even after a big 1-year run, is Transocean still undervalued, or is the market already pricing in everything investors hope for? The most followed narrative pegs Transocean’s fair value at about $5.91 per share, a touch below the last close at $6.25, and leans on a detailed earnings and margin roadmap. Read the complete narrative. Want to see what sits behind that high implied earnings multiple and modest revenue contraction? The narrative leans on shifting profit margins, future profitability, and a tight discount rate. The tension between declining top line assumptions and a richer profit profile is what drives the fair value story. Result: Fair Value of $5.91 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the story could change quickly if offshore dayrates soften or if Transocean’s sizeable debt keeps more of that backlog from turning into earnings. Find out about the key risks to this Transocean narrative. Analysts see Transocean as about 6% overvalued at a fair value of $5.91, but the SWS DCF model tells a different story. On that framework, the stock at $6.25 is trading roughly 36% below an estimated future cash flow value of $9.75. This raises a clear question: which view do you trust more? Look into how...

STEINHAUSEN, Switzerland, May 04, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported financial results for the first quarter of 2026. The Company will host a conference call and webcast at 9 a.m. EDT, 3 p.m. CEST, on Tuesday, May 5, 2026, with participation details included in this release. In addition, supplemental schedules have been posted to the Investors section of the Company’s website at www.deepwater.com. FIRST QUARTER 2026 KEY POINTS Contract drilling revenues were $1.08 billion due in part to strong revenue efficiency(1) of 97.3%. Net income was $71 million or $0.06 per diluted share. Adjusted EBITDA was $440 million, with adjusted EBITDA margin exceeding 40%. Net cash provided by operating activities was $164 million; net of capital expenditures of $28 million, Free Cash Flow was $136 million. Accelerated retirement of $358 million remaining principal amount of the 8.375% Senior Secured Notes due 2028 (the Deepwater Titan Notes), reducing interest to maturity by nearly $40 million. Ended the period with total liquidity of $1.125 billion, including the undrawn revolving credit facility. Added $1.6 billion in contract backlog(2) at a weighted average dayrate of about $410,000. “The Transocean team delivered exceptional performance to start the year,” said Keelan Adamson, President and Chief Executive Officer. “During the quarter, we executed new or extended contracts on five rigs increasing our total backlog to $7.1 billion which, reflecting demand for our differentiated assets, contains an implied average dayrate of over $450,000. We also exceeded our revenue expectations for the quarter and achieved a strong adjusted EBITDA margin above 40%. We continued to enhance our financial flexibility by accelerating debt retirement, reducing interest expense and simplifying our balance sheet. “Recent global events clearly underscore the importance of secure and reliable hydrocarbon supply. We continue to believe that we are in the early days of a multi-year upcycle with increasing demand for offshore exploration and development drilling services. Transocean is very well-positioned to play a key role in developing these offshore resources and creating long-term shareholder value.” 1Q26 FINANCIAL SUMMARY Favorable contract drilling revenues were primarily related to improved rig utilization, higher revenue efficiency and increased average dai...

Diamondback Energy gave positive guidance late Monday after beating earnings estimates for the first quarter. The oil stock fell Tuesday after hitting a new high. Tidewater and Transocean gave mixed reports.

STEINHAUSEN, Switzerland (AP) — STEINHAUSEN, Switzerland (AP) — Transocean Ltd. (RIG) on Monday reported first-quarter net income of $71 million. The Steinhausen, Switzerland-based company said it had profit of 6 cents per share. Losses, adjusted for pretax gains, came to 3 cents per share. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. The offshore oil and gas drilling contractor posted revenue of $1.08 billion in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.03 billion. For the current quarter ending in June, Transocean said it expects revenue in the range of $930 million to $970 million. The company expects full-year revenue in the range of $3.8 billion to $3.9 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RIG at https://www.zacks.com/ap/RIG

STEINHAUSEN, Switzerland, May 04, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. UPDATES This quarter’s report includes the following updates: Transocean Barents – Awarded a 1,095-day contract with Vår Energi ASA in Norway. Deepwater Orion – Awarded a 1,095-day contract extension with Petrobras in Brazil. Deepwater Aquila – Awarded a 365-day contract extension with Petrobras in Brazil. Deepwater Corcovado – Awarded a 1,156-day contract extension with Petrobras in Brazil. Deepwater Asgard – Awarded a five-well contract in the Eastern Mediterranean Sea. The aggregate incremental backlog associated with these fixtures is approximately $1.6 billion. As of May 4, 2026, the company’s total backlog is approximately $7.1 billion. The report can be accessed on the company’s website: www.deepwater.com. ABOUT TRANSOCEAN Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world. Transocean owns or has partial ownership interests in and operates a fleet of 27 mobile offshore drilling units, consisting of 20 ultra-deepwater floaters and seven harsh environment floaters. FORWARD-LOOKING STATEMENTS The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements could contain words such as “approximately,” “expected,” “estimated,” or other similar expressions. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are beyond our control, and in many cases, cannot be predicted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. Factors that could cause actual results to differ mate...