This summary was created by AI, based on 4 opinions in the last 12 months.
Transocean Inc. (RIG-N) has received mixed reviews from experts regarding its current position in the offshore drilling market. While one expert expresses a lack of confidence in RIG compared to SLB, others highlight a positive trend with a return of cold-stacked rigs to operational status. The day rates for offshore drilling rigs are reportedly climbing, indicating a robust demand that may facilitate the reactivation of idle rigs. Experts stress the significance of the impending conference call, which is expected to address the tightening market for deep-drilling rigs, fueling optimism that it’s a matter of time before RIG's rigs are brought back into service. Overall, the sentiment leans towards cautious optimism amidst some skepticism about the comparison with competitors.
The whole energy complex is falling today. There are concerns that people priced in too much growth in some of the pro-growth policies Mr. Trump wants to push, which are going to come later and more diluted. However, this is a survivor in energy and is the go-to company when it comes to deep-water drilling. Energy prices are still too cheap, and over the long haul they are going to drift higher, and this company will be a beneficiary. You could use pullbacks like this to add to your position.
One issue with these companies is where does oil go? This was trading at some value below the value of their actual rigs out there. He believes oil will be higher over the longer-term and this is a good company. If you compare the volatility over the next little while, it will do well and you can see a reasonable rate of return on it. Probably worth buying at these levels.
Transocean Inc. is a American stock, trading under the symbol RIG-N on the New York Stock Exchange (RIG). It is usually referred to as NYSE:RIG or RIG-N
In the last year, 3 stock analysts published opinions about RIG-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Transocean Inc..
Transocean Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Transocean Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Transocean Inc. In the last year. It is a trending stock that is worth watching.
On 2025-04-03, Transocean Inc. (RIG-N) stock closed at a price of $2.72.
Doesn't like SLB either, and RIG isn't as good as SLB.