Transocean Stock Buy or Sell? RIG Stocks Forecast

Market Capitalization: 4 164 215 000 $
EBITDA: 844 000 000 $
Price to Earnings: None
Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: -0.024
Trailing PE: -
Forward PE: -
Shares Outstanding: 731848000

Transocean Stock Buy or Sell? RIG Stocks Analytic Forecasts

April 1, 2023 (07:31)

Transocean Ltd. (RIG) 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 Henrik Alex and is titled

“Transocean Secures Important CAT-D Rig Contracts With Equinor – Buy On Weakness”

is published on March 28 (2023) and has 8 likes. The review predicts Bullish market trend.

It summarize the following theses:

  • Company secures eagerly-awaited follow-on work with Equinor for two of its so-called Category D (“CAT-D”) rigs at respectable terms.
  • Total firm backlog addition amounts to $382 million. Both rigs will be upgraded at the expense of Equinor.
  • While Transocean will take a slight cash flow hit under the new contract terms, rates are actually among the highest awarded offshore Norway in recent years.
  • While the company still needs to secure near-term work for the harsh environment rigs Transocean Equinox, Transocean Endurance, and Transocean Barents, Tuesday’s announcement represents a major step forward in navigating ongoing weak market conditions in the North Sea.
  • While I wouldn’t chase the shares after the most recent recovery rally, investors should consider adding on any major weakness.

The author starts his analytic review with the following:

Note: I have covered Transocean (NYSE:RIG) previously, so investors should view this as an update to my earlier articles on the company.

This author is very popular among the auditory. He has 15497 followers

Henrik Alex is the contributor of experts community since 2015 and has a great number of published articles – 802.

One more noteworthy article is written by Thomas Prescott under the title

“Transocean’s Backlog Does Not Support Current Valuation”

on March 17 (2023) and has 4 likes. The expert reflects 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:

  • RIG has rallied almost 100% while WTI crude oil has continued a shallow decline, losing 10% since late September 2022.
  • Recently reported backlog additions do not reflect a turnaround, in my opinion; current backlog is similar to that reported since 2017.
  • Based on current backlog, I believe RIG is unlikely to report a profitable quarter this year.
  • I recommend investors sell RIG at its current price.

Thomas Prescott starts analysis with such words:

Background This analysis is a follow-up to a previous analysis wherein the riskiest oilfield services investments were identified by screening for profitability followed by a multi-factor quality evaluation. In that analysis, Transocean (NYSE:RIG) rated very poorly with relation to the oilfield services sub-sector and its closest peers, offshore drillers

The author declares an interesting position, and the number of his followers is 356 and it grows, but not that weighty compared to other authors.
Thomas Prescott has 20 works published.
The contributor of experts community since 2022. Has published at least 20 articles.

Another analysis presented by BeanKounter Capital came out on March 15 (2023). 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: Looking To Add To My Position Again”

Article has got 10 likes at the moment and forecasting Strong Bullish trend of the market.

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

  • Transocean reported its year end earnings and shares have sold off in recent weeks.
  • I talk about the sector outlook from Transocean as well as a piece from Noble Corporation’s earnings call.
  • Transocean does have a lot of debt on the balance sheet, but I think that means the upside could be huge as the company deleverages over the next couple years.
  • I’m looking at 2025 LEAPS, which could provide huge returns on a small investment, especially if shares fall further in coming weeks.

And here, what comes first:

Markets had an interesting week last week as Silicon Valley Bank (SIVB) quickly folded like a house of cards. I wrote up my thoughts on SIVB in a piece published yesterday, but it will likely take weeks or months to figure out what kind of impact it will have on markets and the financial system. It looks like Signature Bank (SBNY) wasn’t far behind. My first reaction is that it will not lead to financial contagion, but it is certainly something to keep an eye on. Today I will be back to the regularly scheduled programming on one of my favorite companies for 2023, Transocean (NYSE:RIG).

The opinion of the author can be considered quite authoritative.
The number of 5134 followers confirms this.
BeanKounter Capital is the contributor of experts community since 2021. Has already 204 analytic reviews published.

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

What analysts predict: $6.85
52-week high/low: $7.74 / $2.32

50/200 Day Moving Average: $6.63 / $4.371

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

Related Analysis

View all analytics

Exxon Mobil: A Million Reasons To Buy

Buy or Sell XOM shares? Exxon Mobil: A Million Reasons To Buy
March 22, 2023
The Guyana partnership will give up roughly 1.32 million acres as the agreement with Guyana states.

Unraveling Chevron’s Edge: How It Outperforms Exxon Mobil And ConocoPhillips

Buy or Sell CVX shares? Unraveling Chevron’s Edge: How It Outperforms Exxon Mobil And ConocoPhillips
March 22, 2023
In the midst of falling oil prices and financial turmoil, investors can find opportunities in oil and gas companies, which offer the potential for stable income and growth.