Transocean (NYSE:RIG) Azioni

Transocean

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. Its segment involves contracting mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.

Transocean Ltd (Switzerland) Common Stock

Transocean Ltd

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Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company's fleet of offshore drilling rigs.
As of April 16, 2025, the company's total backlog is approximately $7.9 billion.&nbsp;&nbsp;
The report can be accessed on the company's website: <a href="https://www.globenewswire.com/Tracker?data=EvUt4MLex7OCxpfPca94mW3utheSVDYZMytJDYCOhyOUAMI2vQFgQfK86OM0e0ilb4ipk6PNOo1Z09XEFYLj7MjLme7THSuvpX6KJRCn8Qc=">www.deepwater.com</a>.

News

Transocean Ltd. Provides Quarterly Fleet Status Report; Says As Of April 16, 2025, The Company's Total Backlog Is ~$7.9B

Brent crude prices rose over the $65-per-barrel level on Monday before retreating slightly, supported by changing geopolitical currents and guarded optimism in the equity markets. The rally in Brent crude, triggered by renewed US-Iran diplomacy and a partial lull in trade war hostilities, brought <a href="https://www.benzinga.com/etfs">energy-themed ETFs</a> back into focus, despite lingering concerns about oversupply and weakening global demand.
Also Read: <a href="https://www.benzinga.com/news/guidance/25/04/44763712/bp-sees-mixed-q1-outlook-with-flat-oil-prices-weaker-gas-trading-ahead-of-earnings">BP Sees Mixed Q1 Outlook With Flat Oil Prices, Weaker Gas Trading Ahead Of Earnings</a>
Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)
The broadest energy equity benchmark in the U.S., XLE, <a href="https://www.benzinga.com/topic/oil">picked up steam as oil rose</a>. With heavyweights like ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) in its portfolio, the fund reflects crude benchmarks. Its exposure to oil majors with strong dividend yields also makes it a popular bet during periods of geopolitical realignment — such as the Oman negotiations that could remake Gulf oil diplomacy.
iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEO#BATS">IEO</a>)
IEO targets exploration and production companies — the most oil-price-sensitive sub-sector. The slight rebound in Brent, driven by the White House&#8217;s brief reprieve from tariffs on technology products and optimism for resumed Middle East diplomacy, has lent new life to small- and mid-cap E&amp;P stocks. ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) is one of its top holdings. However, the rally might be fleeting, with OPEC lowering its growth and lowering demand projections for oil consumption. Reuters reported that OPEC has lowered its world economic growth forecast this year to 3.0% from 3.1% and cut next year&#8217;s to 3.1% from 3.2%. 
SPDR S&amp;P Oil &amp; Gas Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XES#NYSE">XES</a>)
Oilfield service companies, like those held in XES, are often the last to reap the benefits of higher prices because of capital spending cycles. The shock OPEC+ cut to accelerate output recovery might trigger upstream activity, indirectly benefiting service providers like Tidewater Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDW#NYSE">TDW</a>) and Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>), one of this fund&#8217;s top holdings.
A Diplomatic Thaw
The weekend witnessed a thaw in US-Iran<a href="https://finance.yahoo.com/news/oil-steady-trump-tariff-reprieve-223603774.html"> relations as senior officials</a> from both countries held talks in Oman — the first senior-level meeting since 2022. While information is still limited, the tone of the conversation was said to be &#8220;constructive,&#8221; hinting at a possible blueprint to restart stalled talks on Tehran&#8217;s nuclear program. The two sides committed to another meeting, injecting new optimism into a region long influenced by volatility and oil market instability.
Though a long-term deal is far from certain, even the potential for diplomatic breakthrough has moderated concerns about supply disruptions in the Strait of Hormuz — a critical chokepoint for global oil flows. Meanwhile, it also raised questions about whether Iranian crude oil might return to the market in significant quantities, making an already tenuous supply-demand balance even more complicated.
The Bigger Picture
The oil price rally, though propelled by newsworthy catalysts such as tariff delays and diplomatic talks, is confronted with structural headwinds. Nevertheless, ETF investors seem to be content to ride the volatility, particularly with equities mounting a parallel rebound and safe-haven assets lagging.
Investors are now focusing keenly on rig count trends and Q2 CapEx releases to assess the real-world effect of the Brent bounce. According to recent data by the Energy Information Administration, Baker Hughes found that for the week ending April 1, the natural gas rig count dropped to 96 rigs from 103 rigs in the prior week. Typically, lower rigs mean tightened supply, which in turn means upward pressure on oil prices.
On the other hand, banks slashed their price forecasts, with JPMorgan Chase &amp; Co. now seeing Brent at $66 this year and Goldman Sachs expecting an average of $63, as the crude market continues to be poised to encounter substantial surpluses.
While the geopolitical board game is still unfolding, energy ETFs are an on-again, off-again — albeit volatile — strategy on oil&#8217;s journey through 2025. 
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/currency-etfs/25/04/44778378/greenback-on-the-brink-the-dollar-etfs-everyones-watching">Greenback On The Brink: The Dollar ETFs Everyone&#8217;s Watching</a></li>
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Photo: Shutterstock

Sector ETFs

Commodities

ETFs

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

SPDR S&P Oil & Gas Equipment & Services ETF

US-Iran Talks Fuel Oil Rally: Here Are 3 Energy ETFs In The Radar

Susquehanna analyst Charles Minervino maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Positive and lowers the price target from $5 to $4.

Price Target

Analyst Ratings

Susquehanna Maintains Positive on Transocean, Lowers Price Target to $4

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Shares of energy companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Shares of energy stocks are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Barclays analyst David Anderson maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Overweight and lowers the price target from $4 to $3.5.

Barclays Maintains Overweight on Transocean, Lowers Price Target to $3.5

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Shares of energy companies are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Morgan Stanley analyst Daniel Kutz maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Equal-Weight and lowers the price target from $5 to $4.

Morgan Stanley Maintains Equal-Weight on Transocean, Lowers Price Target to $4

Citigroup analyst Scott Gruber maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Neutral and lowers the price target from $4.5 to $3.5.

Citigroup Maintains Neutral on Transocean, Lowers Price Target to $3.5

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Shares of energy stocks are trading higher amid strength in oil and natural gas prices.

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Shares of energy companies are trading higher amid ongoing volatility, possibly concerning tariff delays, global conflict and recent OPEC+ production.

Shares of companies in the broader energy sector are trading lower after president Trump confirmed Mar 4 tariffs, which could affect demand outlook.

Barclays analyst David Anderson maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Overweight and lowers the price target from $4.5 to $4.

Barclays Maintains Overweight on Transocean, Lowers Price Target to $4

Shares of oil and gas companies are trading lower amid a rise in US crude inventories.

Management

Transocean COO Keelan Adamson To Become CEO, Succeeding Jeremy Thigpen

Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) reported quarterly losses of $(0.09) per share. This is unchanged from the same period last year. The company reported quarterly sales of $952.00 million which missed the analyst consensus estimate of $960.55 million by 0.89 percent. This is a 28.48 percent increase over sales of $741.00 million the same period last year.

Earnings

Earnings Misses

Transocean Q4 Adj $(0.09), Same YoY, Sales $952.00M Miss $960.55M Estimate

<h3>Companies Reporting Before The Bell</h3>
<h3>Companies Reporting After The Bell</h3>
• Tennant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNC#NYSE">TNC</a>) is expected to report quarterly earnings at $1.37 per share on revenue of $323.27 million. 
• UFP Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $1.43 billion. 
• Noble Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $874.53 million. 
• Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) is projected to report quarterly earnings at $1.27 per share on revenue of $314.75 million. 
• Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) is likely to report quarterly earnings at $0.01 per share on revenue of $962.85 million. 
• BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) is projected to report earnings for its first quarter. 
• Huntsman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUN#NYSE">HUN</a>) is projected to report quarterly loss at $0.07 per share on revenue of $1.46 billion. 
• JELD-WEN Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JELD#NYSE">JELD</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $862.41 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For February 17, 2025

Transocean Reports Total Backlog Of ~$8.3B As Of February 12, 2025

Evercore ISI Group analyst James West downgrades Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) from Outperform to In-Line and lowers the price target from $6 to $5.

Downgrades

Evercore ISI Group Downgrades Transocean to In-Line, Lowers Price Target to $5

TD Cowen analyst Marc Bianchi maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Hold and lowers the price target from $6.5 to $5.5.

TD Cowen Maintains Hold on Transocean, Lowers Price Target to $5.5

Press Releases

Transocean Ltd. Sued for Securities Law Violations - Contact The Gross Law Firm Before February 24, 2025 to Discuss Your Rights - RIG

Penny Stocks

RIG Investors Have Opportunity to Lead Transocean Ltd. Securities Fraud Lawsuit with the Schall Law Firm

Legal

DEADLINE ALERT for RIG and NXT: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

Shareholders that lost money on Transocean Ltd.(RIG) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More

RIG DEADLINE TODAY: ROSEN, LEADING INVESTOR COUNSEL, Encourages Transocean Ltd. Investors to Secure Counsel Before Important February 24 Deadline in Securities Class Action – RIG

FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Transocean

Transocean Ltd. Investors: Please contact the Portnoy Law Firm to recover your losses; February 24, 2025 Deadline to file Lead Plaintiff Motion

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