NYSE:RIGEnergy Services
Transocean (RIG): Evaluating Valuation After Earnings Beat, Strong Utilization, and New Contract Wins
Transocean (NYSE:RIG) just posted its third-quarter earnings, delivering adjusted earnings and revenue that surpassed expectations. Strong rig utilization and recent contract wins have sparked renewed attention from investors this month.
See our latest analysis for Transocean.
Transocean’s recent contract wins and upbeat quarterly results have reignited investor interest, fueling a staggering 36.7% 90-day share price return. While momentum has clearly picked up in the short term, the total...