Transocean Ltd Stock Intrinsic Value – Zacks Research Raises Q1 2024 Earnings Estimates for Transocean Ltd
June 28, 2023
🌥️Trending News
Transocean Ltd ($NYSE:RIG). has seen its Q1 2024 earnings per share forecast revised upwards by Zacks Research. The report highlights the financial projections for the offshore drilling company. The company’s drilling operations span the Atlantic, Pacific, and Indian Oceans.
In addition, it provides contract drilling services to both private and public customers. The company’s long-term strategic goal is to provide superior customer service, while maintaining safe and reliable operations. Transocean Ltd. is headquartered in Switzerland and is listed on the New York Stock Exchange. The Zacks Research report forecasts strong earnings growth for Transocean Ltd., suggesting that the company is well-positioned to capitalize on the upcoming market opportunities.
Earnings
Zacks Research recently reported that TRANSOCEAN LTD had impressive growth in their first quarter of FY2023 ending March 31 2021, with a total revenue of 653.0M USD and a net income of -99.0M USD. This marks an 11.4% increase in total revenue from the previous year, indicating a positive trend in the company’s growth. Over the last 3 years, TRANSOCEAN LTD’s total revenue has grown from 653.0M USD to 649.0M USD, further confirming their ability to produce consistent results.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Transocean Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 2.64k | -911 | -29.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Transocean Ltd. More…
| Operations | Investing | Financing |
| 402 | -727 | 54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Transocean Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 20.19k | 9.87k | 14.11 |
Key Ratios Snapshot
Some of the financial key ratios for Transocean Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.2% | -32.0% | -4.5% |
| FCF Margin | ROE | ROA |
| -11.0% | -0.7% | -0.4% |
Market Price
On Monday, Zacks Research announced that it had raised its estimated earnings per share (EPS) forecast for Transocean Ltd for the first quarter of 2024. This followed the stock’s opening of $6.0 and closing of $6.3, representing an increase of 4.8% from its last closing price of $6.0. This is an indication that the stock is gaining investor confidence after a period of decline.
The higher EPS forecast for Transocean Ltd reflects the company’s strong financial performance in the past year as well as its potential for future growth. With the latest forecast, investors and analysts are expecting better returns from the company in the upcoming quarter. Live Quote…
Analysis – Transocean Ltd Stock Intrinsic Value
GoodWhale has conducted an in-depth analysis of the fundamentals of TRANSOCEAN LTD and our proprietary Valuation Line has estimated the intrinsic value of TRANSOCEAN LTD shares at $3.3. This value is far below the current market price of $6.3, which indicates that the company’s stock is significantly overvalued by 90.9%. It is important to note that this is simply an estimate based on the financial data available, and investors may consider other factors when deciding whether or not to buy a company’s stock. More…
Peers
The company operates a fleet of 79 rigs, including 47 ultra-deepwater rigs, 19 harsh-environment rigs, and 13 midwater rigs. Transocean’s competitors include Equinor ASA, Noble Corp, and Chevron Corp.
– Equinor ASA ($OTCPK:STOHF)
Equinor ASA is a Norwegian multinational oil and gas company headquartered in Stavanger, Norway. It is the world’s largest offshore oil and gas operator, with production in more than 30 countries. The company has a market cap of 119.29B as of 2022 and a Return on Equity of 116.26%. Equinor ASA is engaged in the exploration, development, production, and marketing of oil and gas. The company also has a significant presence in renewable energy, with a growing portfolio of wind and solar projects.
– Noble Corp ($NYSE:NE)
Noble Corp is a leading offshore drilling contractor for the oil and gas industry. The company has a market cap of 4.85B as of 2022 and a Return on Equity of -152.13%. Noble Corp is a publicly traded company on the New York Stock Exchange (NYSE) and is headquartered in London, United Kingdom. The company provides offshore drilling services to major oil and gas companies around the world.
– Chevron Corp ($NYSE:CVX)
Chevron Corp is an American oil and gas company with a market cap of 347.59B as of 2022. The company has a Return on Equity of 18.98%. Chevron is one of the world’s largest oil and gas companies, with operations in over 100 countries. The company’s main business is the exploration, production, and marketing of oil and gas.
Summary
Analysts at Zacks Research recently raised their estimate for Transocean Ltd.’s Q1 2024 earnings per share, and the stock price responded positively. Investors should note that Transocean is a provider of offshore contract drilling services for oil and gas wells across the world. The company’s financial performance can be influenced by global oil prices, the availability of rigs, and the demand for services – all of which investors should take into account when considering Transocean as an investment. In addition, the company’s prior financial performance and industry trends should be closely monitored to gain a better understanding of future movements in the stock.
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