Transocean (NYSE:RIG - Get Free Report) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Transocean to post earnings of ($0.10) per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.
Transocean (NYSE:RIG - Get Free Report) last announced its quarterly earnings data on Monday, February 19th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.12. Transocean had a negative return on equity of 7.13% and a negative net margin of 33.69%. The business had revenue of $741.00 million during the quarter, compared to analyst estimates of $779.17 million. During the same period last year, the company earned ($0.49) earnings per share. On average, analysts expect Transocean to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Transocean Stock Up 2.5 %
Shares of NYSE:RIG traded up $0.14 during midday trading on Monday, hitting $5.81. 20,685,532 shares of the stock were exchanged, compared to its average volume of 17,987,662. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.52. Transocean has a 52-week low of $4.45 and a 52-week high of $8.88. The business's fifty day simple moving average is $5.64 and its two-hundred day simple moving average is $6.06. The company has a market capitalization of $4.76 billion, a PE ratio of -4.57 and a beta of 2.77.
Wall Street Analysts Forecast Growth
RIG has been the topic of several analyst reports. Bank of America increased their target price on shares of Transocean from $5.50 to $6.00 and gave the stock an "underperform" rating in a research report on Monday, April 15th. Citigroup lowered their target price on shares of Transocean from $9.00 to $7.00 and set a "buy" rating on the stock in a research report on Wednesday, February 21st. StockNews.com raised shares of Transocean to a "sell" rating in a research report on Tuesday, February 20th. Barclays lowered their target price on shares of Transocean from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 22nd. Finally, Susquehanna raised shares of Transocean from a "neutral" rating to a "positive" rating and increased their target price for the stock from $5.50 to $9.00 in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Transocean has an average rating of "Hold" and a consensus price target of $8.22.
View Our Latest Research Report on RIG
About Transocean
(
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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.
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