Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent energy companies. Transocean Ltd. was founded in 1926 and is based in Steinhausen, Switzerland.
Contract Victories | Explore Transocean's recent high-value contracts, including a $635,000 daily rate agreement with BP, showcasing its competitive edge in offshore drilling |
Financial Crossroads | Delve into Transocean's mixed financial outlook, balancing strong revenue growth with near-term profitability challenges and a substantial debt burden |
Market Dynamics | Uncover the complexities of the offshore drilling market, where Transocean navigates idle rig challenges amid projections of significant industry growth by 2026 |
Analyst Perspectives | Barclays Capital maintains a $6.00 price target for Transocean, reflecting cautious optimism about the company's future in a volatile secto |
Metrics to compare | RIG | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipRIGPeersSector | |
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P/E Ratio | −4.1x | 10.2x | 4.8x | |
PEG Ratio | 0.04 | 0.01 | 0.00 | |
Price/Book | 0.3x | 0.9x | 1.1x | |
Price / LTM Sales | 0.8x | 0.7x | 1.1x | |
Upside (Analyst Target) | 29.4% | 9.4% | 23.9% | |
Fair Value Upside | Unlock | 28.4% | 9.3% | Unlock |