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Transocean Q2 Earnings Beat Estimates, Revenues Decline Y/Y

Transocean (RIG) reported adjusted earnings of 3 cents per share for Q2 2026, exceeding the Zacks Consensus Estimate of 1 cent, primarily driven by strong performance from its Harsh environment floaters. Despite beating revenue estimates, total contract drilling revenues of $966 million represented a …

Why Nabors Industries (NBR) Stock Is Trading Up Today

Shares of Nabors Industries (NBR) rose by 6.8% due to a rebound in Brent crude prices and concerns over oil supply security in the Strait of Hormuz. Geopolitical tensions, including a proposed Iranian bill to ban "hostile" vessels, led to a re-pricing of supply-shock …

Borr Drilling (BORR) Is Up 5.9% After Q2 2026 Earnings Miss, Outlook Cut - What's Changed

Borr Drilling (BORR) saw its stock rise by 5.9% despite missing Q2 2026 earnings expectations and analysts cutting their full-year revenue and earnings estimates for 2026 and 2027. The company's investment narrative, which relies on sustained demand for jack-up rigs and effective debt management, …

Seadrill (NYSE:SDRL) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Seadrill (NYSE:SDRL) reported strong quarterly earnings, beating analysts' expectations with $0.47 EPS against a consensus of $0.29, and revenue of $430 million. The company raised its full-year 2026 guidance for revenue and EBITDA, driven by increased utilization, operating days, and day rates. While deepwater …

Earnings To Watch: Borr Drilling Ltd (BORR) Q2 2026 -- GF Value Sees 36% Upside

Borr Drilling earnings on deck after aggressive rig buys

Borr Drilling Ltd is set to report its second-quarter earnings, with analysts expecting a loss of $0.10 per share on revenues of $249.19 million, despite aggressive fleet expansion. Investors will focus on utilization rates, contract pricing, and backlog visibility following recent rig acquisitions. The …

Seadrill (SDRL) Reports Q2: Everything You Need To Know Ahead Of Earnings

Empowered Funds LLC Sells 19,862 Shares of Valaris Limited $VAL

Empowered Funds LLC significantly reduced its stake in Valaris Limited by selling 19,862 shares, leaving them with 6,399 shares valued at $627,000. Despite this, institutional investors collectively own 96.74% of Valaris, with several firms establishing new positions. Valaris surpassed earnings expectations with $0.72 EPS …

Precision Drilling Corporation (PDS) Stock Forecasts

This article provides stock forecasts for Precision Drilling Corporation (PDS), detailing an analyst's report from Argus. The report lowers PDS's target price to $72.00, despite the company's current price being $83.02. Precision Drilling Corp is identified as a provider of contract drilling and completion …

Sable Offshore Corp. (SOC) Q2 Earnings and Revenues Lag Estimates

Sable Offshore Corp. (SOC) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to a loss of $1.1 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report …

Seadrill (SDRL) Rallies On Earnings Beat And Higher Outlook As Valuation Stays In Focus

Helmerich & Payne Up Nearly 12%, on Pace for Largest Percent Increase Since April 2025 -- Data Talk

Helmerich & Payne (HP) shares are up nearly 12%, trading at $41.53, which would mark its highest close since May 2026 and its largest percentage increase since April 2025. The company has seen a significant surge recently, rising for three consecutive days and showing …

Sable Offshore Corp. Reports Second Quarter 2026 Financial and Operational Results

HOUSTON, August 10, 2026--(BUSINESS WIRE)--Sable Offshore Corp. ("Sable," or the "Company") (NYSE: SOC) today announced its second quarter 2026 financial and operational results. Second Quarter 2026 Financial Results Achieved $137.1 million in total revenue and generated $9.4 million of positive cash flows from operating …

Weekly Recap: Q1 EPS beat and new drillship contracts boost utilization

Valaris Ltd. (VAL) exceeded Q1 EPS expectations with $0.72 versus $0.41, driven by the operational commencement of drillships DS-12 and DS-10. The company anticipates two additional drillships will begin contracts this year, which is expected to enhance fleet utilization and future revenue despite recent …

SEADRILL Ltd 2026: Revenue $449M, EPS $0.47— 10-Q Summary

SEADRILL Ltd (SDRL) reported its 2026 results, showing revenue of $449M and diluted EPS of $0.47, indicating significant year-over-year improvements. These positive changes were driven by increased dayrates and better rig utilization. The company also expanded its contract backlog to $2.93B with new contracts …

NOBLE CORPORATION PLC INVESTOR ALERT: Kirby McInerney LLP

Kirby McInerney LLP is investigating potential securities fraud claims against Noble Corporation plc (NYSE: NE) following a significant drop in its stock price. The drop occurred after Noble reported adversely impacted second-quarter financial results due to operational suspensions in Brazil and lowered its full-year …

Helmerich & Payne (NYSE:HP) Sets New 52-Week High Following Analyst Upgrade

Helmerich & Payne (NYSE:HP) shares reached a new 52-week high after Barclays raised its price target from $47 to $50, maintaining an "overweight" rating. The stock traded as high as $41.88, significantly above its previous close of $37.10, despite analyst ratings being mixed with …

Seadrill Swings to Q2 Profit of $29 Million, Lifts Full-Year Revenue Forecast to $1.55 Billion

Seadrill Ltd. reported a significant turnaround in Q2, swinging to a net profit of $29 million, or $0.47 per share, from a loss in the previous year, surpassing analyst expectations. The offshore driller's revenue increased to $449 million and it raised its full-year revenue …

VAL Stock Rallies As Q2 Earnings Smash Wall Street Targets

Valaris Limited (VAL) stock rallied by 8.53% after its Q2 earnings significantly exceeded Wall Street expectations. The company reported EPS of $0.72 against an anticipated $0.24, and revenue of $539.2 million, surpassing the $488.5 million consensus, driven by strong offshore drilling demand and operational …

Nabors Industries (NYSE:NBR) Stock Price Up 8.4% - Here's What Happened

Nabors Industries (NYSE:NBR) saw its stock price increase by 8.4% on Monday, trading at around $88.46, despite a significantly lower trading volume. The company holds a "Moderate Buy" consensus rating from analysts with an average target price of $101.14. Institutional investors own a substantial …

Should Transocean’s (RIG) Return to Profitability and Free Cash Flow Generation Require Action From Investors?

Transocean (RIG) reported a significant return to profitability in Q2 2026, with a net income of US$170 million compared to a substantial loss a year prior, and generated US$212 million in free cash flow. This positive shift supports the investment thesis that its premium …

Patterson UTI Energy (PTEN) Could Be 25% Undervalued Following ESOP Shelf Filing

Patterson-UTI Energy (PTEN) recently filed an ESOP shelf registration for up to US$296.8m of common stock after reporting another net loss. Despite a significant share price increase over the past year, the stock has seen a recent dip, leading investors to re-evaluate its valuation. …

Patterson-UTI Energy (NASDAQ:PTEN) Trading Up 9.3% - Time to Buy?

Patterson-UTI Energy (NASDAQ:PTEN) saw its stock price jump by 9.3% to $10.78, though trading volume was significantly below average. The company holds a "Moderate Buy" consensus rating from analysts with an average price target of $12.95 and recently declared a quarterly dividend of $0.10 …

Patterson-UTI Energy Jumps 8.8% Amid Sector-Wide Rally

Patterson-UTI Energy (NASDAQ:PTEN) saw an 8.8% surge in its stock price, reaching $10.73, as it participated in a broad rally across the oil and gas drilling sector. This significant gain, accompanied by high trading volume, reflects renewed investor interest in energy services and coordinated …

Helmerich & Payne, Range Resources, Valaris, Liberty Energy, and Seadrill Stocks Trade Up, What You Need To Know

Several oil and gas stocks, including Helmerich & Payne, Range Resources, Valaris, Liberty Energy, and Seadrill, saw significant gains after Brent crude rebounded and concerns about Strait of Hormuz shipping security intensified. This surge is attributed to a geopolitical risk premium on oil prices, …

Transocean RIG Stock Climbs After Earnings Beat And Upgrade

Transocean Ltd. (NYSE: RIG) saw its stock climb by 7.7% after reporting better-than-expected Q2 earnings and revenue, driven by high revenue efficiency and strong free cash flow. The company also raised its full-year 2026 revenue guidance and increased its backlog, leading Fearnley to upgrade …

Transocean RIG Rallies After Earnings Beat And Backlog Surge

Transocean (RIG) shares rallied after the company reported a Q2 earnings beat, exceeding expectations with adjusted EPS of $0.12 and strong revenue of $966M. The company also announced a significant increase in its backlog, reaching approximately $6.7 billion, with potential to hit $7.7 billion …

Monday's ETF Movers: OIH, PSI

In trading on Monday, the VanEck Oil Service ETF is outperforming other ETFs, up about 4.6% on the day. Components of that ETF showing particular strength include shares of Helmerich & Payne, up about 11.9% and shares of Patterson-uti Energy, up about 9.6% on …

Monday Sector Leaders: Oil & Gas Exploration & Production, Oil & Gas Refining & Marketing Stocks

In trading on Monday, oil & gas exploration & production shares were relative leaders, up on the day by about 2.9%. Leading the group were shares of Comstock Resources, up about 12% and shares of PrimeEnergy Resources up about 10.9% on the day. Also …

Valaris (NYSE:VAL) Shares Up 7.6% on Analyst Upgrade

Valaris (NYSE:VAL) shares surged 7.6% after Susquehanna raised its price target from $75 to $80, although it maintained a neutral rating. Despite the upgrade, analyst sentiment remains cautious with an average "Reduce" rating and a consensus target price of $60.94. The company exceeded quarterly …

Helmerich & Payne Jumps 9.9% Amid Sector-Wide Rally

Helmerich & Payne (HP) surged 9.9% on August 10, 2026, closing at $40.77, driven by a sector-wide rally in the oil and gas drilling industry. The company's stock, along with peers like Patterson-UTI Energy and Noble Corporation, saw significant gains, indicating broad investor optimism …

1 Profitable Stock Worth Investigating and 2 We Question

1 Profitable Stock Worth Investigating and 2 We Question Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages. Just because a business is in the green today doesn't mean it will thrive tomorrow. A business making …

Seadrill Q2 2026 slides: EBITDA jumps 48%, guidance raised again

Seadrill reported strong second-quarter 2026 results, with EBITDA jumping 48% to $144 million and revenue reaching $449 million, exceeding Wall Street expectations. The company raised its full-year revenue and EBITDA guidance for the second time this year, citing strong operational execution, high fleet utilization, …

Earnings To Watch: Borr Drilling Ltd (BORR) Q2 2026 -- GF Value Sees 46% Upside

Borr Drilling Ltd (NYSE:BORR) is scheduled to release its Q2 2026 earnings on August 11, 2026, with revenue estimated at $247.52 million and a loss of $0.2 per share. Despite revenue and earnings estimate declines for 2026 and 2027, the average analyst target price …

Earnings call transcript: Seadrill beats Q2 2026 estimates, shares rise 6.4%

Seadrill reported stronger-than-expected Q2 2026 results, with earnings of $0.47 a share on revenue of $449 million, surpassing analyst estimates. The offshore drilling company raised its full-year guidance for the second time, driven by stronger activity, higher day rates, and exceptional operational execution, leading …

Exor group discloses 3.48% Valaris (VAL) stake via Lingotto unit

Exor group, through its Lingotto unit, has disclosed a 3.48% stake in Valaris Limited (VAL), according to a recent SEC filing. The consortium, led by Giovanni Agnelli B.V., Exor N.V., Lingotto Investment Management (UK) Limited, and Lingotto Investment Management LLP, beneficially owns 2,411,493 common …