12 Stocks Under $10 With High Upside Potential

Page 2 of 11

10. Transocean Ltd. (NYSE:RIG)

Share Price: $2.75

No. of Hedge Fund Holders: 38

Analyst Upside Potential: 76.36%

Transocean Ltd. (NYSE:RIG) is a global leader in offshore contract drilling and provides essential services to the oil and gas industry. The company specializes in ultra-deepwater and harsh environment drilling. It owns and operates one of the most advanced drilling fleets in the industry.

The company recently executed the first two 20K subsea completions in industry history. With this achievement, Transocean now has a competitive edge in the sector. Transocean Ltd. (NYSE:RIG) has reported strong Q4 2024 results, posting contract drilling revenues at $952 million and adjusted EBITDA at $323 million. The company secured several high-value contracts, including a $410,000 per day contract with Reliance Industries in India. This contract ensures strong cash flow through 2027. In addition to that, the company’s total backlog stands at a remarkable $8.3 billion, reflecting substantial revenue visibility into 2026. This strong financial stability makes it one of the top stocks under $10.

Page 2 of 11