Latest news with #TransoceanLtd
Washington Post
28-04-2025
- Business
- Washington Post
Transocean: Q1 Earnings Snapshot
STEINHAUSEN, Switzerland — STEINHAUSEN, Switzerland — Transocean Ltd. (RIG) on Monday reported a loss of $79 million in its first quarter. On a per-share basis, the Steinhausen, Switzerland-based company said it had a loss of 11 cents. Losses, adjusted for non-recurring costs, were 10 cents per share. The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
Yahoo
26-04-2025
- Business
- Yahoo
Is Transocean Ltd. (RIG) the Best Oil and Gas Penny Stock to Invest in Now?
We recently published a list of . In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG) stands against other best oil and gas penny stocks to invest in now. The oil and gas sector faces a pivotal moment in 2025 as it deals with complex dynamics from global tensions, evolving policy directions, and rising innovation. The stable pricing in 2024, after many decades, now faces hurdles due to geopolitical stresses, energy transition demands, and economic shifts. Companies are keeping tight capital control while boosting tech productivity, as analysts predict oil will stay between $70 and $80 per barrel. However, geopolitical instability and unpredictability could push prices higher. Despite these obstacles, operations have advanced as the sector's capital spending has increased 50% from 2020. Meanwhile, returns are on the upswing as businesses focus on high-performing assets and refine their portfolios. Many companies are betting on digital and green tech—carbon capture, hydrogen, and data-driven exploration—as part of a wider clean energy push. Global oil trade issues have shifted focus to natural gas as a second key revenue source, thus, gas prices have jumped lately. According to Yahoo Finance data, LNG futures are up nearly 40% in six months and 91.65% year-over-year at Henry Hub, thanks to low stockpiles, winter demand, and rising LNG exports. Although market instability persists, as recent OPEC+ supply boost and US-China trade tensions have pushed down crude prices. As of April 2025, West Texas Intermediate (WTI) crude sits near a three-year low of $61.5 per barrel. The US Energy Information Administration (EIA) sees an average of $63.88/bbl this year, further dropping to $57.48 in 2026. This decline, plus tariff hurdles and export problems, might squeeze US oil output since profit thresholds sit between $61-$70/bbl. This shows how even major forecasters are scaling back amid trade fights and project holdups. Now, the trend has shifted to natural gas as the growth driver for the oil and gas industry. Europe remains central to global LNG trade, taking 55% of US LNG exports in 2024, per LSEG data. As seen last December, 69% of US LNG shipments (5.84 MT) went to Europe, up from November's 5.09 MT, driven by winter needs and limited Russian supply. As trade tensions add complications, China's 15% tariff on US LNG threatens new deals despite existing contracts. The outlook is mixed but hopeful as oil demand rebounds post-pandemic and a global boost in energy diversification. Although solar energy helps reduce fossil fuel dependence, it won't replace it entirely, which shows the significance of a harmonized energy mix. In the same way, the main alternatives—solar, wind, and nuclear—each have scaling or consistency limits. Oil and gas, especially natural gas, remain vital to global growth and energy security, creating openings for agile, cost-effective penny stocks. While major companies grab headlines with billion-dollar projects, penny stocks—small-cap oil and gas companies trading under $5—attract interest for their high-growth potential. We first sifted through ETFs, online rankings, and internet lists to compile a list of the best oil and gas stocks under $5. We then selected the 12 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. For tied stocks, we ranked them by the value of their hedge fund stakes. The hedge fund data was sourced from Insider Monkey's database, which tracks the moves of over 1000 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An aerial view of an oil rig with drillers in hard hats working on the platform. Number of Hedge Fund Holders: 38 Share Price as of April 16: $2.16 Transocean Ltd. (NYSE:RIG) operates as a top offshore drilling contractor with one of the world's biggest mobile drilling unit fleets. The company owns or has stakes in 34 rigs—26 ultra-deepwater floaters and 8 harsh environment ones—serving energy companies from government-backed giants to small independents. Its rigs tackle deepwater and ultra-deepwater projects while offering drilling services with cutting-edge safety and automation tech. Transocean is among the few penny stocks tied to offshore oil exploration, a sector gaining traction amid steady energy needs. In Q4 ending December 31, 2024, Transocean Ltd. (NYSE:RIG) posted $952 million in adjusted drilling revenue and $323 million in adjusted EBITDA—a 34% margin. The full 2024 year brought in $3.5 billion in revenue and $1.15 billion in adjusted EBITDA. The company generated $206 million in operating cash in Q4 and finished the year with $1.5 billion in liquidity, keeping a solid balance sheet despite market ups and downs. In addition, Transocean Ltd. (NYSE:RIG) keeps landing valuable contracts, including day rates above $500,000 for seventh-gen rigs and over $600,000 for eighth-gen 20k-capable rigs. The company's fleet use stays robust—above 96% for 2025 and 93% heading into 2026—backed by extended contracts and new deals in India and Australia. Tracocean hit its best safety record ever and installed the industry's first two 20k subsea completions, showing its tech leadership. Despite expected short-term offshore market weakness in 2025 because of a temporary rig surplus in Africa and currency headwinds in Brazil, the company stands in a good spot. Moreover, Transocean Ltd. (NYSE:RIG) is working to unlock its $3.1 billion backlog while cutting costs and reducing debt. Many deepwater projects are set to launch in 2026 and beyond, hinting at a broader industry comeback. With global deepwater spending projected to double by 2027 and traditional oil production becoming a priority again for major players, Transocean's focus on deepwater trends sets it up for long-term growth in the offshore market. Overall, RIG ranks 1st on our list of best oil and gas penny stocks to invest in now. While we acknowledge the potential of RIG as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RIG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Globe and Mail
25-04-2025
- Business
- Globe and Mail
Mining & Energy 2025: RIG, BORR, PNPN.V, DNN – Stocks Under $5 to Watch…more inside
The mining and energy sectors continue to generate investor buzz heading into 2025, as a mix of exploration breakthroughs, multi-million-dollar drilling contracts, and industry-shaping partnerships unfold across gold, uranium, copper, and offshore oil. Here are five standout stocks under $5 showing strong upside potential. Transocean Ltd. (NYSE: RIG) Global offshore drilling giant Transocean recently locked in a $193 million contract for its Deepwater Conqueror rig in the U.S. Gulf of Mexico / America, extending its backlog to $9.3 billion. The company is also reportedly in merger talks with Seadrill Ltd., which could create the world's largest offshore drilling operator. With a dominant presence in deepwater basins across Brazil, West Africa, and the Gulf, Transocean remains a major player in the energy rebound. Borr Drilling Ltd. (NYSE: BORR) has rapidly expanded its global footprint with $120 million in new rig contracts across Vietnam and West Africa. With high technical utilization (99.2%) and Q2 2024 net income up 120% to $31.7 million, Borr is scaling fast—remobilizing rigs in Mexico and deploying assets to new contracts in Brazil and Libya. These developments set the stage for continued earnings momentum throughout 2025. Power Metallic Mines Inc. (TSX-V: PNPN | OTCBB: PNPNF) the world's first carbon-neutral polymetallic explorer, is aggressively drilling across four high-potential zones—Lion, Nisk, Nisk East, and Tiger—targeting critical minerals such as nickel, copper, gold, silver, battery metals, and PGEs. Using advanced Ambient Noise Tomography (ANT) and controlling five fully owned properties spanning 50,000+ acres in Chile's prolific IOCG belt, Power Metallic has already secured a NI 43-101 resource and is positioning itself at the forefront of the 2025 commodity supercycle. Denison Mines Corp. (NYSE: DNN | TSX: DML) is advancing the largest undeveloped uranium project in Canada's Athabasca Basin—its 95%-owned Wheeler River Project. The company is also playing a key role in post-closure mine care through its Closed Mines group. As nuclear energy regains prominence in clean energy portfolios, Denison remains a key uranium name to watch. Gold Terra Resource Corp. (TSXV: YGT | OTCQX: YGTFF) Fresh off a major exploration milestone, Gold Terra intersected the Campbell Shear gold target at 2,560 meters on its Con Mine Option Property in NWT. With assays pending and a second drill underway, the company also confirmed it has fulfilled C$8M in exploration spending with Newmont Canada (NYSE: NEM | TSX: NGT) —a strong sign of partnership and progress. From deepwater rigs and uranium reserves to critical minerals and gold intercepts, these sub-$5 stocks offer exposure to major developments in resource-rich sectors. With contract wins, strategic locations, and technical milestones, Transocean Ltd. (NYSE: RIG), Borr Drilling Ltd. (NYSE: BORR), Power Metallic Mines Inc. (TSX-V: PNPN | OTCBB: PNPNF), Denison Mines Corp. (NYSE: DNN | TSX: DML) and Gold Terra (TSXV: YGT | OTCQX: YGTFF) deserve a place on every investor's 2025 watchlist. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content."TSR" is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. "TSR" authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. "TSR" has not been compensated to produce content related to "Any Companies" appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.
Yahoo
20-04-2025
- Business
- Yahoo
Transocean Ltd. (RIG): Among the Most Promising Penny Stocks According to Analysts
We recently published a list of the . In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG) stands against other promising penny stocks. Solus' Dan Greenhaus, and Invesco's Brian Levitt together appeared on CNBC's 'Closing Bell' on April 15 to talk about tariffs, market uncertainty, and risk concerns. The discussion started with Dan Greenhaus expressing his belief that many worst-case scenarios are already priced into the market. He acknowledged that he's cautious but not overly worried. He pointed out recent events, like the exemptions on auto part imports and the 90-day delay on tariff implementation, as evidence that President Trump is listening to advisors and avoiding pushing toward extreme outcomes. Greenhaus attributed these actions to the rebound seen in the stock market. At the same time, he agreed that the administration has been rather inconsistent, in the context of Morgan Stanley's comment that investors should prepare for more inconsistencies. But he argued that many investors are assuming scenarios closer to the worst rather than the best. He emphasized that while frightening predictions about skyrocketing prices are taking over media right now, these scenarios are unlikely to materialize. Brian Levitt built on Greenhaus' optimism while acknowledging the ongoing uncertainty as well. He attributed this uncertainty to the reliance on decisions from the White House rather than traditional policy mechanisms. He compared the current situation to 2018 when markets fell 20% in a quarter before rebounding due to trade pauses and Fed intervention. He cautioned that the current S&P 500 multiples are not at recession levels so there are potential downside risks if uncertainty remains. While Levitt thinks that business investment and consumer confidence metrics show signs of prolonged volatility, Greenhaus further emphasizes that periods of heightened uncertainty often end up presenting long-term investment opportunities. He acknowledged risks such as sudden tariff increases but also encouraged investors to take advantage of these moments when risk premiums rise. We sifted through the Finviz stock screener to compile a list of the top penny stocks that were trading below $5 and had the highest analysts' upside potential (at least 40%). The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q4 2024, which was sourced from Insider Monkey's database. Note: All data was sourced on April 15. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An aerial view of an oil rig with drillers in hard hats working on the platform. Share Price as of April 15: $2.22 Number of Hedge Fund Holders: 38 Average Upside Potential as of April 15: 85.81% Transocean Ltd. (NYSE:RIG) provides offshore contract drilling services for oil and gas wells. It 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, which consists of ultra-deepwater floaters and harsh environment floaters. The company heavily relies on its fleet of high-specification drillships, specifically the seventh-generation plus and eighth-generation rigs. In 2024, these advanced assets secured premium contracts. Day rates exceeded $500,000 for the seventh-gen plus rigs and crossed $600,000 for the eighth-generation 20k assets. Transocean's existing fleet is almost fully booked through 2026. The company is now focused on securing new contracts for mid to late 2026 and beyond, targeting these high-specification drillships again. In 2024, Transocean Ltd. (NYSE:RIG) achieved a major industry milestone by installing the first two 20k subsea completions on its eighth-generation drillships. It's also implementing advanced automation systems like IntelliWell, which enable safer and more efficient drilling operations. This includes handling over 1.5 million feet of drill pipe with zero personnel in hazardous zones. Overall, RIG ranks 9th on our list of the most promising penny stocks according to analysts. While we acknowledge the growth potential of RIG, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RIG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
20-04-2025
- Business
- Yahoo
Transocean Ltd. (RIG): Among the Most Promising Penny Stocks According to Analysts
We recently published a list of the . In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG) stands against other promising penny stocks. Solus' Dan Greenhaus, and Invesco's Brian Levitt together appeared on CNBC's 'Closing Bell' on April 15 to talk about tariffs, market uncertainty, and risk concerns. The discussion started with Dan Greenhaus expressing his belief that many worst-case scenarios are already priced into the market. He acknowledged that he's cautious but not overly worried. He pointed out recent events, like the exemptions on auto part imports and the 90-day delay on tariff implementation, as evidence that President Trump is listening to advisors and avoiding pushing toward extreme outcomes. Greenhaus attributed these actions to the rebound seen in the stock market. At the same time, he agreed that the administration has been rather inconsistent, in the context of Morgan Stanley's comment that investors should prepare for more inconsistencies. But he argued that many investors are assuming scenarios closer to the worst rather than the best. He emphasized that while frightening predictions about skyrocketing prices are taking over media right now, these scenarios are unlikely to materialize. Brian Levitt built on Greenhaus' optimism while acknowledging the ongoing uncertainty as well. He attributed this uncertainty to the reliance on decisions from the White House rather than traditional policy mechanisms. He compared the current situation to 2018 when markets fell 20% in a quarter before rebounding due to trade pauses and Fed intervention. He cautioned that the current S&P 500 multiples are not at recession levels so there are potential downside risks if uncertainty remains. While Levitt thinks that business investment and consumer confidence metrics show signs of prolonged volatility, Greenhaus further emphasizes that periods of heightened uncertainty often end up presenting long-term investment opportunities. He acknowledged risks such as sudden tariff increases but also encouraged investors to take advantage of these moments when risk premiums rise. We sifted through the Finviz stock screener to compile a list of the top penny stocks that were trading below $5 and had the highest analysts' upside potential (at least 40%). The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q4 2024, which was sourced from Insider Monkey's database. Note: All data was sourced on April 15. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An aerial view of an oil rig with drillers in hard hats working on the platform. Share Price as of April 15: $2.22 Number of Hedge Fund Holders: 38 Average Upside Potential as of April 15: 85.81% Transocean Ltd. (NYSE:RIG) provides offshore contract drilling services for oil and gas wells. It 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, which consists of ultra-deepwater floaters and harsh environment floaters. The company heavily relies on its fleet of high-specification drillships, specifically the seventh-generation plus and eighth-generation rigs. In 2024, these advanced assets secured premium contracts. Day rates exceeded $500,000 for the seventh-gen plus rigs and crossed $600,000 for the eighth-generation 20k assets. Transocean's existing fleet is almost fully booked through 2026. The company is now focused on securing new contracts for mid to late 2026 and beyond, targeting these high-specification drillships again. In 2024, Transocean Ltd. (NYSE:RIG) achieved a major industry milestone by installing the first two 20k subsea completions on its eighth-generation drillships. It's also implementing advanced automation systems like IntelliWell, which enable safer and more efficient drilling operations. This includes handling over 1.5 million feet of drill pipe with zero personnel in hazardous zones. Overall, RIG ranks 9th on our list of the most promising penny stocks according to analysts. While we acknowledge the growth potential of RIG, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RIG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
