Transocean (RIG) Competitors

$5.26
+0.04 (+0.77%)
(As of 05/1/2024 ET)

RIG vs. PTEN, HP, VAL, HPK, BEPC, NOG, SSL, VIST, ERF, and WHD

Should you be buying Transocean stock or one of its competitors? The main competitors of Transocean include Patterson-UTI Energy (PTEN), Helmerich & Payne (HP), Valaris (VAL), HighPeak Energy (HPK), Brookfield Renewable (BEPC), Northern Oil and Gas (NOG), Sasol (SSL), Vista Energy (VIST), Enerplus (ERF), and Cactus (WHD). These companies are all part of the "oils/energy" sector.

Transocean vs.

Transocean (NYSE:RIG) and Patterson-UTI Energy (NASDAQ:PTEN) are both mid-cap oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, institutional ownership, media sentiment, risk, analyst recommendations, dividends, valuation, community ranking and profitability.

Patterson-UTI Energy has a net margin of 5.94% compared to Transocean's net margin of -13.27%. Patterson-UTI Energy's return on equity of 10.00% beat Transocean's return on equity.

Company Net Margins Return on Equity Return on Assets
Transocean-13.27% -4.68% -2.41%
Patterson-UTI Energy 5.94%10.00%6.21%

In the previous week, Transocean had 4 more articles in the media than Patterson-UTI Energy. MarketBeat recorded 19 mentions for Transocean and 15 mentions for Patterson-UTI Energy. Patterson-UTI Energy's average media sentiment score of 0.38 beat Transocean's score of 0.29 indicating that Patterson-UTI Energy is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Transocean
3 Very Positive mention(s)
3 Positive mention(s)
6 Neutral mention(s)
1 Negative mention(s)
2 Very Negative mention(s)
Neutral
Patterson-UTI Energy
7 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Transocean has a beta of 2.78, indicating that its stock price is 178% more volatile than the S&P 500. Comparatively, Patterson-UTI Energy has a beta of 2.21, indicating that its stock price is 121% more volatile than the S&P 500.

Patterson-UTI Energy has higher revenue and earnings than Transocean. Transocean is trading at a lower price-to-earnings ratio than Patterson-UTI Energy, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Transocean$2.83B1.52-$954M-$0.52-10.13
Patterson-UTI Energy$4.15B1.02$246.29M$1.0110.40

Transocean currently has a consensus price target of $7.70, suggesting a potential upside of 46.11%. Patterson-UTI Energy has a consensus price target of $16.17, suggesting a potential upside of 53.97%. Given Patterson-UTI Energy's stronger consensus rating and higher possible upside, analysts plainly believe Patterson-UTI Energy is more favorable than Transocean.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Transocean
1 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.40
Patterson-UTI Energy
0 Sell rating(s)
4 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.77

Transocean received 120 more outperform votes than Patterson-UTI Energy when rated by MarketBeat users. However, 62.26% of users gave Patterson-UTI Energy an outperform vote while only 51.72% of users gave Transocean an outperform vote.

CompanyUnderperformOutperform
TransoceanOutperform Votes
915
51.72%
Underperform Votes
854
48.28%
Patterson-UTI EnergyOutperform Votes
795
62.26%
Underperform Votes
482
37.74%

67.7% of Transocean shares are held by institutional investors. Comparatively, 97.9% of Patterson-UTI Energy shares are held by institutional investors. 12.5% of Transocean shares are held by company insiders. Comparatively, 2.3% of Patterson-UTI Energy shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

Patterson-UTI Energy beats Transocean on 14 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding RIG and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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RIG vs. The Competition

MetricTransoceanDrilling oil & gas wells IndustryEnergy SectorNYSE Exchange
Market Cap$4.32B$1.08B$8.24B$17.41B
Dividend YieldN/A3.44%11.71%3.53%
P/E Ratio-10.136.7819.7624.96
Price / Sales1.522.6783.1510.36
Price / Cash43.608.5011.4317.74
Price / Book0.410.733.494.87
Net Income-$954M-$199.48M$1.01B$965.13M
7 Day Performance-8.43%-3.55%-1.62%-0.11%
1 Month Performance-20.05%-7.61%-2.54%-3.34%
1 Year Performance-8.12%-5.84%7.24%96.48%

Transocean Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
PTEN
Patterson-UTI Energy
4.7868 of 5 stars
$10.82
-3.9%
$16.17
+49.4%
-6.2%$4.36B$4.15B10.7110,600Positive News
HP
Helmerich & Payne
3.0426 of 5 stars
$39.33
-3.7%
$42.63
+8.4%
+15.7%$3.88B$2.87B11.246,200Earnings Report
Insider Selling
News Coverage
VAL
Valaris
3.5758 of 5 stars
$65.06
-5.8%
$100.00
+53.7%
+7.7%$4.71B$1.78B5.575,985Upcoming Earnings
News Coverage
HPK
HighPeak Energy
2.4485 of 5 stars
$14.21
-5.4%
$22.10
+55.5%
-28.6%$1.82B$1.11B8.9948Upcoming Earnings
Analyst Revision
News Coverage
BEPC
Brookfield Renewable
4.6795 of 5 stars
$23.24
-1.7%
$34.00
+46.3%
-22.6%$4.18B$5.04B-72.631,890Upcoming Earnings
Short Interest ↓
News Coverage
NOG
Northern Oil and Gas
4.2485 of 5 stars
$40.79
-6.3%
$47.30
+16.0%
+19.0%$4.12B$2.17B4.0638Earnings Report
Analyst Report
SSL
Sasol
3.0523 of 5 stars
$7.03
-1.5%
N/A-46.4%$4.46B$16.30B2.6729,073Gap Down
VIST
Vista Energy
3.5555 of 5 stars
$43.17
-0.9%
$50.00
+15.8%
+114.9%$4.01B$1.17B12.51299Analyst Report
Short Interest ↓
News Coverage
ERF
Enerplus
2.8878 of 5 stars
$19.59
-3.9%
$21.69
+10.8%
+30.4%$4.00B$1.69B9.33404Upcoming Earnings
Analyst Downgrade
Short Interest ↑
News Coverage
WHD
Cactus
3.3796 of 5 stars
$49.64
-5.4%
$55.29
+11.4%
+22.0%$3.94B$1.10B19.471,600

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This page (NYSE:RIG) was last updated on 5/2/2024 by MarketBeat.com Staff

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