NYSE:RIG Transocean (RIG) Stock Price, News & Analysis $4.34 +0.36 (+9.05%) (As of 10/31/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Transocean Stock (NYSE:RIG) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Transocean alerts:Sign Up Key Stats Today's Range$4.08▼$4.4050-Day Range$3.92▼$4.9852-Week Range$3.85▼$7.05Volume33.86 million shsAverage Volume18.42 million shsMarket Capitalization$3.80 billionP/E RatioN/ADividend YieldN/APrice Target$6.69Consensus RatingHold Company OverviewTransocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled energy companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.Read More… 625,000% Gain (Ad)The recent pullback in the crypto markets has left many investors in full-on panic mode, convinced the bull run is over. But if history has taught us anything, it’s that this is only the beginning.>> Dive into the Workshop Here Transocean Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks88th Percentile Overall ScoreRIG MarketRank™: Transocean scored higher than 88% of companies evaluated by MarketBeat, and ranked 53rd out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.1 / 5Analyst RatingHold Consensus RatingTransocean has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 3 buy ratings, 5 hold ratings, and 1 sell rating.Amount of Analyst CoverageTransocean has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Transocean's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Transocean are expected to grow in the coming year, from ($0.18) to $0.24 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Transocean is -9.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Transocean is -9.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioTransocean has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Transocean's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted17.10% of the outstanding shares of Transocean have been sold short.Short Interest Ratio / Days to CoverTransocean has a short interest ratio ("days to cover") of 7.8.Change versus previous monthShort interest in Transocean has recently decreased by 6.32%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldTransocean does not currently pay a dividend.Dividend GrowthTransocean does not have a long track record of dividend growth. Sustainability and ESG0.0 / 5Environmental Score-7.91 Percentage of Shares Shorted17.10% of the outstanding shares of Transocean have been sold short.Short Interest Ratio / Days to CoverTransocean has a short interest ratio ("days to cover") of 7.8.Change versus previous monthShort interest in Transocean has recently decreased by 6.32%, indicating that investor sentiment is improving significantly. News and Social Media2.2 / 5News Sentiment-0.09 News SentimentTransocean has a news sentiment score of -0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 21 news articles for Transocean this week, compared to 7 articles on an average week.Search Interest56 people have searched for RIG on MarketBeat in the last 30 days. This is an increase of 47% compared to the previous 30 days.MarketBeat Follows27 people have added Transocean to their MarketBeat watchlist in the last 30 days. This is an increase of 238% compared to the previous 30 days. Company Ownership4.2 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn the past three months, Transocean insiders have bought more of their company's stock than they have sold. Specifically, they have bought $16,655,000.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders12.54% of the stock of Transocean is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions67.73% of the stock of Transocean is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Transocean's insider trading history. Receive RIG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. Email Address RIG Stock News Headlines3 Oil Stocks to Watch Before Earnings Come OutEarnings season is in full swing today, with the energy sector reporting some of the biggest names and how their quarters did ahead of potential rallies.October 28 at 9:59 AM | marketbeat.comTop 3 Stocks to Play Oil’s Potential Comeback Rally (RIG)Oil prices could deliver a potential rally in the coming months, sparked by Fed rate cuts and a new cycle, with analysts seeing double-digit upside aheadOctober 18, 2024 | marketbeat.com625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.October 31, 2024 | Crypto Swap Profits (Ad)3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside (RIG)These three undervalued mid-cap stocks combine a price below $20 and heavy insider buying; that's a formula for impressive gainsOctober 12, 2024 | marketbeat.comS&P 500 Hits Record Highs: 3 Stocks With Huge Growth Potential (RIG)Three stocks offer significant upside in the coming quarters as they have fallen behind the S&P 500 and its new all-time high, creating a gap to closeOctober 11, 2024 | marketbeat.comBenchmark Co. Keeps Their Hold Rating on Transocean (RIG)October 31 at 6:53 PM | markets.businessinsider.comTransocean (RIG) Gets a Buy from Evercore ISIOctober 31 at 6:53 PM | markets.businessinsider.comTransocean: Not A Bargain, But Shielded From Near-Term Market Weakness (Rating Downgrade)October 31 at 6:53 PM | seekingalpha.comSee More Headlines RIG Stock Analysis - Frequently Asked Questions How have RIG shares performed this year? Transocean's stock was trading at $6.35 on January 1st, 2024. Since then, RIG stock has decreased by 31.7% and is now trading at $4.34. View the best growth stocks for 2024 here. How were Transocean's earnings last quarter? Transocean Ltd. (NYSE:RIG) released its earnings results on Wednesday, July, 31st. The offshore drilling services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by $0.07. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. Does Transocean have any subsidiaries? Transocean subsidiaries include Ocean Rig, Songa Offshore SE, 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, and others. Who are Transocean's major shareholders? Transocean's top institutional shareholders include Van ECK Associates Corp (1.31%), Glenorchy Capital Ltd (0.07%), Creative Planning (0.03%) and International Assets Investment Management LLC (0.02%). Insiders that own company stock include Perestroika, (Cyprus) Ltd Perestroika, Frederik Wilhelm Mohn, Mark-Anthony Lovell Mey, David A Tonnel, Keelan Adamson, Chad C Deaton and Vanessa C L Chang. View institutional ownership trends. How do I buy shares of Transocean? Shares of RIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Transocean own? Based on aggregate information from My MarketBeat watchlists, some other companies that Transocean investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW) and Micron Technology (MU). Company Calendar Last Earnings7/31/2024Today10/31/2024Fiscal Year End12/31/2024Next Earnings (Estimated)2/17/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Drilling oil & gas wells Sub-IndustryPetroleum And Natural Gas Current SymbolNYSE:RIG CUSIPN/A CIK1451505 Webwww.deepwater.com Phone(141) 479-0500Fax41 71 323 27 750Employees5,800Year Founded1953Price Target and Rating Average Stock Price Target$6.69 High Stock Price Target$8.00 Low Stock Price Target$4.50 Potential Upside/Downside+60.0%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.45) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-954,000,000.00 Net Margins-11.34% Pretax Margin-13.19% Return on Equity-4.76% Return on Assets-2.48% Debt Debt-to-Equity Ratio0.63 Current Ratio1.36 Quick Ratio1.08 Sales & Book Value Annual Sales$2.83 billion Price / Sales1.29 Cash Flow$0.13 per share Price / Cash Flow31.01 Book Value$12.88 per share Price / Book0.32Miscellaneous Outstanding Shares875,470,000Free Float765,686,000Market Cap$3.66 billion OptionableOptionable Beta2.79 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report This page (NYSE:RIG) was last updated on 10/31/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | Sponsoredtop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligen...Traders Agency | SponsoredNvidia is Pivoting to Solve Big Tech’s $1 Trillion ProblemTaiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as ...Weiss Ratings | Sponsored“Buffett Indicator” Predicts 62% Stock Market CrashThe last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.Behind the Markets | SponsoredTrump or Kamala? It may come down to this strange twist…Could this be the key to America's second coming? 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