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NYSE:RIG

Transocean (RIG) Stock Price, News & Analysis

Transocean logo
$4.34
+0.36 (+9.05%)
(As of 10/31/2024 ET)

About Transocean Stock (NYSE:RIG)

Key Stats

Today's Range
$4.08
$4.40
50-Day Range
$3.92
$4.98
52-Week Range
$3.85
$7.05
Volume
33.86 million shs
Average Volume
18.42 million shs
Market Capitalization
$3.80 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.69
Consensus Rating
Hold

Company Overview

Transocean 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.

Transocean Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
88th Percentile Overall Score

RIG 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.

  • Consensus Rating

    Transocean 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 Coverage

    Transocean 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 Growth

    Earnings for Transocean are expected to grow in the coming year, from ($0.18) to $0.24 per share.

  • Price to Earnings Ratio vs. the Market

    The 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. Sector

    The 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 Ratio

    Transocean 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.
  • Percentage of Shares Shorted

    17.10% of the outstanding shares of Transocean have been sold short.
  • Short Interest Ratio / Days to Cover

    Transocean has a short interest ratio ("days to cover") of 7.8.
  • Change versus previous month

    Short interest in Transocean has recently decreased by 6.32%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Transocean does not currently pay a dividend.

  • Dividend Growth

    Transocean does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    17.10% of the outstanding shares of Transocean have been sold short.
  • Short Interest Ratio / Days to Cover

    Transocean has a short interest ratio ("days to cover") of 7.8.
  • Change versus previous month

    Short interest in Transocean has recently decreased by 6.32%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Transocean 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 Week

    MarketBeat has tracked 21 news articles for Transocean this week, compared to 7 articles on an average week.
  • Search Interest

    56 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 Follows

    27 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.
  • Insider Buying vs. Insider Selling

    In 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 Insiders

    12.54% 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 Institutions

    67.73% 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.
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RIG Stock News Headlines

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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 close
Benchmark Co. Keeps Their Hold Rating on Transocean (RIG)
Transocean (RIG) Gets a Buy from Evercore ISI
See More Headlines

RIG Stock Analysis - Frequently Asked Questions

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
.

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.

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.

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
.

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.

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 Earnings
7/31/2024
Today
10/31/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/17/2025

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Petroleum And Natural Gas
Employees
5,800
Year Founded
1953

Price 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 Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$-954,000,000.00
Pretax Margin
-13.19%

Debt

Sales & Book Value

Annual Sales
$2.83 billion
Cash Flow
$0.13 per share
Book Value
$12.88 per share

Miscellaneous

Free Float
765,686,000
Market Cap
$3.66 billion
Optionable
Optionable
Beta
2.79

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This page (NYSE:RIG) was last updated on 10/31/2024 by MarketBeat.com Staff
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