Transocean Ltd. (NYSE:RIG) is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.13 per share.
For the full year, analysts predict revenues of $ 3098.96 million, while looking forward to loss of $ 0.85 per share.
Stock Performance
On Friday, shares of Transocean Ltd. has traded high as $ 0.71 and has cracked $ 0.65 on the downward trend, reaching $ 0.67 with volume of 26.39 million shares.
According to the previous trading day, closing price of $ 0.67, representing a 6.15 % increase from the 52 week low of $ 0.65 and a 90.52 % decrease over the 52 week high of $ 7.28.
The company has a market capital of $ 412.10 million and is part of the Energy sector and Oil & Gas Drilling industry.
Recent Analyst recommendations
- On 16th September 2020, downgraded by Susquehanna Bancshares to Neutral from Positive rating, with $ 1.15 target price.
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers drilling rigs, related equipment, and work crews; and ultra-deepwater and harsh environment drilling services. As of February 18, 2019, it owned or had partial ownership interests in, and operated 48 mobile offshore drilling units that consist of 31 ultra-deepwater floaters, 13 harsh environment floaters, and 4 midwater floaters.
