RIG Stock Recent News

While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

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

RIG's ultra-deepwater rig begins drilling for BP in the Gulf of America under a 3-year contract worth over $500 million.

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Transocean's stock is undervalued due to geopolitical factors and oil price corrections, despite positive financial trends and a leading industry position. Recent fleet status reports show a stable backlog and sound contract dayrates, indicating resilience in the deepwater sector despite economic uncertainties. The company's Q1 2025 earnings were in line with expectations, with a slight decrease in EBITDA and sales, but a notable reduction in long-term liabilities.

Transocean reported Q1/2025 results slightly ahead of expectations and provided second quarter guidance in line with consensus estimates. While management largely reiterated full-year expectations, year-end liquidity guidance was raised by $100 million due to a combination of lower capital expenditures and anticipated cost savings. Competitor Noble Corporation will replace two of Transocean's drillships in the U.S. Gulf following the end of their initial ten-year contracts with Shell next year.

RIG reports a loss in the first quarter due to higher costs and expenses.

The stock of offshore oil drilling specialist Transocean (RIG -4.98%) wasn't exactly a hot item on the market Tuesday. The company's latest quarterly earnings report was published after market close the day before, and investors subsequently expressed their displeasure by trading the stock down by more than 3%.

Transocean Ltd. (NYSE:RIG ) Q1 2025 Earnings Conference Call April 29, 2025 10:00 AM ET Company Participants Alison Johnson - Director of Investor Relations Jeremy Thigpen - Chief Executive Officer Keelan Adamson - President and Chief Operating Officer Thaddeus Vayda - Executive Vice President and Chief Financial Officer Roddie Mackenzie - Executive Vice President and Chief Commercial Officer Conference Call Participants Eddie Kim - Barclays Arun Jayaram - JPMorgan Fredrik Stene - Clarkson Securities Noel Parks - Tuohy Brothers Operator Good day, everyone, and welcome to the Q1 2025 Transocean Earnings Call.

Transocean (RIG) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.03 per share a year ago.