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.
Future Horizons | Delve into analysts' mixed outlook, with price targets around $6, as Transocean aims to capitalize on projected increased offshore activity by 2026 |
Strategic Fleet Assets | Explore how Transocean's advanced ultra-deepwater fleet positions it for premium contracts, exemplified by the $635,000 daily rate BP agreement for Deepwater Atlas |
Financial Crossroads | Despite a $3.74B market cap and $3.3B revenue, Transocean faces near-term losses with EPS estimates of -$0.23 for FY1, potentially turning positive at $0.14 in FY2 |
Offshore Challenges | Transocean navigates a volatile offshore drilling market, balancing high-value contracts with idle rig concerns amid industry consolidation and uncertain demand |
Metrics to compare | RIG | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipRIGPeersSector | |
---|---|---|---|---|
P/E Ratio | −5.5x | 10.9x | 4.9x | |
PEG Ratio | −0.14 | −0.07 | 0.00 | |
Price / Book | 0.3x | 1.3x | 1.1x | |
Price / LTM Sales | 0.8x | 1.0x | 1.1x | |
Upside (Analyst Target) | 42.4% | 29.1% | 34.4% | |
Fair Value Upside | Unlock | 29.1% | 9.6% | Unlock |