Transocean Ltd., provides offshore contract drilling services for oil and gas wells globally. The company is headquartered in Steinhausen, Switzerland.
| Revenue (TTM) | $4.03B |
| Gross Profit (TTM) | $1.64B |
| EBITDA | $1.46B |
| Operating Margin | 14.90% |
| Return on Equity | 3.53% |
| Return on Assets | 3.50% |
| Revenue/Share (TTM) | $3.62 |
| Book Value | $7.57 |
| Price-to-Book | 0.67 |
| Price-to-Sales (TTM) | 1.45 |
| EV/Revenue | 2.537 |
| EV/EBITDA | 7.54 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | -8.90% |
| Shares Outstanding | $1.12B |
| Float | $923.65M |
| % Insiders | 9.24% |
| % Institutions | 96.86% |
Volatility is currently expanding
The Fund returned 3.18% compared to a 2.61% return for the Russell 1000 Value Index. Key contributors include Microsoft, Salesforce and Thermo Fisher Scientific. Key detractors include Aon, Carrier Global and Builders FirstSource.
Transocean remains a 'buy' despite Q3 revenue and EPS misses, supported by backlog growth and deleveraging from the Valaris merger. RIG's average daily revenue per rig improved, driven by harsh environment floaters, while combined backlog with VAL reached $12.7 billion. Net debt declined to $4.23 billion, and the merger is expected to further reduce leverage, enhancing long-term survivability.
Transocean NYSE: RIG said it has received all required regulatory approvals for its proposed acquisition of Valaris and expects to close the transaction on Dec. 1, subject to shareholder and court approvals later this month.
STEINHAUSEN, Switzerland, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported financial results for the third quarter of 2026. The Company will host a conference call and webcast at 9 a.m. EST, 3 p.m. CET, on Tuesday, November 3, 2026, with participation details included in this release. Supplemental schedules have been posted to the Investors section of the Company's website at www.deepwater.com.
STEINHAUSEN, Switzerland, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current activity and contractual status of the Company's fleet of offshore drilling rigs.
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Transocean Ltd. is positioned as a speculative buy, with upside potential in a deepwater capex upcycle but significant cyclical risks. The Valaris acquisition will create the world's largest offshore driller, boosting negotiating leverage and securing a $15B backlog through 2028. RIG benefits from exposure to politically stable regions and fast-growing Brazil, reducing geopolitical risk and supporting contract visibility.
The Fund declined 4.75% while the Russell 2500 Index declined 6.37%. Key contributors include Illumina, Revvity and Waystar. Key detractors include Regal Rexnord, Knife River and Red Rock Resorts.
Transocean (NYSE:RIG | RIG Price Prediction) reports third-quarter results on Monday, Nov. 2. Shares have climbed 21.38% over the past month to $6.53.
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