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This summary was created by AI, based on 4 opinions in the last 12 months.

Transocean Inc. (RIG) is currently facing a mixed sentiment from experts, with some highlighting the company's weaker positioning compared to competitors like Schlumberger (SLB). Notably, several of Transocean's cold-stacked rigs have been inactive for some time; however, they are expected to return to operation shortly as market conditions improve. The day rates for offshore drilling rigs have been on the rise recently, suggesting that idle rigs, including those belonging to Transocean, will likely be reactivated. Although some experts express hesitance towards the company's performance in light of the broader industry dynamics, there is a consensus that the market for deep-drilling rigs is tightening, implying that reactivation of Transocean's rigs is not a question of if, but rather when. This indicates an optimistic outlook for the company's future operational activities.

Consensus
Cautious
Valuation
Undervalued
DON'T BUY

Doesn't like SLB either, and RIG isn't as good as SLB.

BUY

11 of their cold-stacked rigs have been mothballed for a while but will return to operation soon.

BUY

The day rates on these offshore drilling rigs has been climbing well, so idle rigs will return to service. Is up sharply this month.

BUY

They report later today, but he's not interest in that, but rather the conference call about how tight the market is for deep-drilling rigs. He thinks it's a matter of when, not if, their rigs will be reactivated.

RISKY

High debt, which they are paying down from free cashflow. Rig counts are up, a big milestone. Super-duper, high beta name to own when oil's not falling 5% in a day. Be strategic when to add. 12-ish% free cashflow yield, but see his Top Picks for a more compelling name.

BUY

Given the high spot price of oil now, you need to go to a high-beta oil name to capture a return.

BUY

It's the highest paid way to play oil.

WATCH
Transocean is highly risky, but if these day rates continue to rise on oil rigs, this will be many multiples of its current share price. That said, they have an upside-down balance sheet. Don't rush into this. Do your homework.
BUY
options action It's trading at $462. There was a buyer of 13,000 of the April 22 5 calls. What followed was six other energy companies had unusual options. He is overloaded in the energy space, but he added to his RIG calls.
SELL ON STRENGTH

A very choppy chart. Trade it. It's on the upswing now, so be ready to unload it.

DON'T BUY

It's stuck below $10. Flatlined for so long. Wouldn't buy it.

DON'T BUY

This is definitely on the whippy end of the spectrum for drillers. Ultimately, you really have to believe that energy is turning. He doesn’t see sufficient evidence to make that claim.

COMMENT

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.

DON'T BUY

It is a rig company and so is suffering badly. It is bleeding cash right now. It is too early to get into the oil related sector and this is a risky type of company.

WEAK BUY

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.

Showing 1 to 15 of 82 entries

Transocean Inc.(RIG-N) Rating

Ranking : 3 out of 5

Star iconStar iconStar iconStar empty iconStar empty icon

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

Stockchase rating for Transocean Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Transocean Inc.(RIG-N) Frequently Asked Questions

What is Transocean Inc. stock symbol?

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

Is Transocean Inc. a buy or a sell?

In the last year, 4 stock analysts published opinions about RIG-N. 3 analysts 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..

Is Transocean Inc. a good investment or a top pick?

Transocean Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Transocean Inc..

Why is Transocean Inc. stock dropping?

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.

Is Transocean Inc. worth watching?

4 stock analysts on Stockchase covered Transocean Inc. In the last year. It is a trending stock that is worth watching.

What is Transocean Inc. stock price?

On 2025-04-24, Transocean Inc. (RIG-N) stock closed at a price of $2.29.