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FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Transocean Ltd. (NYSE:RIG) Q1 2024 Earnings Call Transcript April 30, 2024 Transocean Ltd. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, everyone, and welcome to today’s Q1 2024 Transocean’s Earnings Call. At this time, all participants are in […]
Transocean (RIG) anticipates annual O&M expenses to be in the range of $2.2-$2.3 billion, with general and administrative expenses of $210 million for full-year 2024.
STEINHAUSEN, Switzerland, May 01, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that its wholly owned and indirect subsidiary, Transocean Titan Financing Limited (the “Company” and, together with Transocean Ltd., “Transocean”), is soliciting consents (“Consents” and, such solicitation being referred to herein as, the “Consent Solicitation”) from holders (the “Holders”) of its outstanding 8.375% Senior Secured Notes due 2028 (the “Notes”) as of 5:00 p.m. New York City time,
It's been a mediocre week for Transocean Ltd. ( NYSE:RIG ) shareholders, with the stock dropping 12% to US$5.22 in the...
RIG earnings call for the period ending March 31, 2024.
Comprehensive Analysis of Transocean's First Quarter Financial Results
Transocean (RIG) delivered earnings and revenue surprises of 76.92% and 1.50%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Three months ended March 31, December 31, Sequential 2024 2023 change(In millions, except per share amounts and backlog) Contract drilling revenues$763 $741 $22 Adjusted contract drilling revenues$767 $748 $19 Revenue efficiency(1) 92.9 % 97.0 % (4.1)% Operating and maintenance expense$523 $569 $(46) Net income (loss) attributable to controlling interest$98 $(104) $202 Diluted earnings (loss) per share$0.11 $(0.13) $0.24 Adjusted EBITDA$199 $122 $77 Adjusted EBITDA margin 26.0 % 16.3 % 9.7 % Adj
Transocean (RIG)-owned Transocean Enabler rig's latest award involves a 19-well contract, along with eight additional well options. The rig has been used by Equinor (EQNR) for several years.
Transocean's (RIG) drillships have won contract extensions worth $248 million. The extensions have been awarded by Hess Corporation and TotalEnergies in the Gulf of Mexico and Angola, respectively.