Transocean Stock Buy or Sell? RIG Stocks Forecast

Market Capitalization: 3 778 175 000 $
EBITDA: 711 000 000 $
Price to Earnings: None
Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: 0.223
Trailing PE: -
Forward PE: -
Shares Outstanding: 809031000






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Transocean Stock Buy or Sell? RIG Stocks Analytic Forecasts

Updated on March 1, 2024 (09:59)

Transocean Ltd. (RIG prediction charts) Sector: Energy

We present you the most up-to-date and complete review of analytical trend forecasts and views on the RIG stock market. Experts share their opinions on what to expect from the Transocean Ltd. stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell Transocean stocks.

Transocean Ltd. Stock Market Experts’ Analysis and Forecasting – Sell or Buy RIG Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of Anna Sokolidou and is titled

“Transocean: Improving Liquidity, Deleveraging, And Potential Profitability”

is published on February 4 (2024) and has 0 likes. The review predicts Bullish market trend.

It summarize the following theses:

  • Strengthening the balance sheet is a top priority for the company.
  • Deleveraging efforts have restored value to equity holders.
  • The company has completed key transactions to improve liquidity and refinance debt.
  • The stock is trading near 52-week lows.
  • Oil is far too cheap, given the current situation in the Middle East.

The author starts his analytic review with the following:

Transocean (NYSE:RIG) stock price has been really struggling in the last couple of months. Despite the Red Sea crisis, oil prices have not exceeded the $100 mark. Brent is just in the $80s as I am writing this. The recent fleet status report and the quarterly earnings results disappointed the market, although these were not all bad news. So, RIG’s stock is trading near 52-week lows. In this article, I will discuss the upside factors, RIG’s valuations, and any key risks surrounding the company.

The opinion of the author can be considered quite authoritative.
The number of 3165 followers confirms this.
Anna Sokolidou is the contributor of experts community
since 2020 and has 152 works published.


One more noteworthy article is written by Richard Durant under the title

“Transocean: Levered Bet On Deepwater Offshore”

on January 19 (2024) and has 0 likes. The expert reflects Neutral trend of the market.

Нis theses make you think about whether to add RIG stocks to your investment portfolio or not, and helps to work out your own Transocean stock selling strategies:

  • Transocean is a highly leveraged bet on expansion in offshore activity, due to both the dependence of pricing on utilization and its debt-laden balance sheet.
  • Offshore drilling is expected to pick up in coming years, and Transocean believes that this increase in activity will be relatively insensitive to oil prices.
  • Transocean’s stock could prove inexpensive if day rates increase sufficiently, but the company’s debt and the precarious state of oil markets make this a risky investment.

Richard Durant starts analysis with such words:

An investment in Transocean (NYSE:RIG) is a highly levered bet on expansion in offshore activity. Rig pricing is heavily dependent on utilization, and this, combined with Transocean’s debt-laden balance sheet, makes the business highly operationally and financially leveraged.

The opinion of the author can be considered quite authoritative.
The number of 6384 followers confirms this.
Richard Durant is the contributor of experts community since 2019. Has already published at least 401 articles.


Another analysis presented by Michael Del Monte came out on January 13 (2024). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for RIG stocks. It sounds like

“Transocean Continues To Face Challenges With Profitability”

Article has got 0 likes at the moment and forecasting Bearish trend of the market.

Summarizing the information presented in the review concerning the Transocean Ltd., the expert says the following:

  • Offshore contract drillers are seeing a favorable business climate as the price of Brent remains sustainable.
  • Transocean’s average dayrates have climbed to $406,500/day for ultra-deepwater floaters.
  • Despite the positive outlook, Transocean still faces challenges such as declining margins, flat oil prices, and a large amount of debt coming due through 2026.

And here, what comes first:

Customers are violently opposed to a day rate that starts with a 5 at this point in time… they certainly don’t want to be the first to agree to a contract of that dayrate but it’s going to happen.

Michael Del Monte has already 853 followers, which shows, he is the one who cares for his words.
The contributor of experts community since 2023. Has already 65 analytic reviews published.


The Share Price of Transocean Ltd. (RIG) for now

What analysts predict: $7.18
52-week high/low: $8.88 / $4.45

50/200 Day Moving Average: $5.63 / $6.82

The average stock price over the previous 50/200 days. For Transocean stocks, the 50-day moving average is the resistance level for now. For RIG stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for RIG stock with charts and tables

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