Transocean (RIG) Stock Price, News & Analysis

Company Overview

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support. Transocean’s rigs are equipped with advanced drilling equipment, automated safety systems and environmental controls that enable efficient well delivery in challenging offshore environments. Its technical teams work alongside clients to optimize drilling performance, reduce non-productive time and adhere to rigorous safety and environmental standards.

Founded in 1953 and headquartered in Vernier, Switzerland, Transocean has grown through strategic mergers and acquisitions to establish a global presence. Notably, the merger of Sedco Forex and Transocean in 2000 created one of the world’s largest offshore drilling contractors. The company maintains regional offices and operational centers in key oil- and gas-producing regions, including the Gulf of Mexico, North Sea, Brazil, West Africa and Asia-Pacific.

Transocean is led by Chairman and Chief Executive Officer Jeremy Thigpen, who has guided the company’s strategic focus on safety, operational efficiency and technological innovation. Under his leadership, Transocean continues to invest in the modernization of its fleet and the development of digital solutions aimed at enhancing drilling performance and reducing its environmental footprint.

Key Stats

• Today's Range: $3.02 to $3.12
• 50-Day Range: $2.56 to $3.17
• 52-Week Range: $1.97 to $4.87
• Volume: 24.46 million shs
• Average Volume: 22.14 million shs
• Market Capitalization: $2.87 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.26
• Consensus Rating: Hold

Transocean Stock Analysis - MarketRank™

Transocean scored higher than 82% of companies evaluated by MarketBeat, and ranked 68th out of 268 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Transocean has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Transocean has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 100.00%

Earnings Growth

Earnings for Transocean are expected to grow by 100.00% in the coming year, from $0.14 to $0.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Transocean is -1.63, 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 -1.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Transocean has a PEG Ratio of 6.48. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Transocean has a P/B Ratio of 0.26. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

16.94% of the float of Transocean has been sold short.

Short Interest Ratio / Days to Cover

Transocean has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Transocean has recently decreased by 2.97%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Transocean does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -7.91

Percentage of Shares Shorted

16.94% of the float of Transocean has been sold short.

Short Interest Ratio / Days to Cover

Transocean has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Transocean has recently decreased by 2.97%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.80

News Sentiment

Transocean has a news sentiment score of 0.80. 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 0.96 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Transocean this week, compared to 11 articles on an average week.

Search Interest

Only 16 people have searched for RIG on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

21 people have added Transocean to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Transocean insiders have not sold or bought any 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.

RIG Stock Analysis - Frequently Asked Questions

How have RIG shares performed this year?

Transocean's stock was trading at $3.75 at the start of the year. Since then, RIG shares have decreased by 18.9% and is now trading at $3.04.

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Monday, April, 28th. The offshore drilling services provider reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. The business's revenue for the quarter was up 18.7% on a year-over-year basis.
Read the conference call transcript.

Does Transocean have any subsidiaries?

Transocean subsidiaries include these companies: 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?

Top institutional shareholders of Transocean include American Century Companies Inc. (2.49%), Geode Capital Management LLC (2.05%), Primecap Management Co. CA (1.39%) and Keybank National Association OH (1.23%). Insiders that own company stock include Perestroika, (Cyprus) Ltd Perestroika, Mark-Anthony Lovell Mey, David A Tonnel, Keelan Adamson, Roderick James Mackenzie, 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.

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 Earnings: 4/28/2025
• Today: 9/01/2025
• Next Earnings (Estimated): 10/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: OIL&GAS - DRILL
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:RIG
• CIK: 1451505
• Web: www.deepwater.com
• Phone: (141) 479-0500
• Fax: 41 71 323 27 750
• Employees: 5,800
• Year Founded: 1953

Price Target and Rating

• Average Price Target for Transocean: $4.26
• High Price Target: $5.50
• Low Price Target: $2.80
• Potential Upside/Downside: +40.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.86)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 21.71
• P/E Growth: 6.48
• Net Income: -$512 million
• Net Margins: -39.64%
• Pretax Margin: -42.07%
• Return on Equity: 0.45%
• Return on Assets: 0.24%

Debt

• Debt-to-Equity Ratio: 0.63
• Current Ratio: 1.26
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $3.52 billion
• Price / Sales: 0.81
• Cash Flow: $0.85 per share
• Price / Cash Flow: 3.58
• Book Value: $11.74 per share
• Price / Book: 0.26

Miscellaneous

• Outstanding Shares: 943,120,000
• Free Float: 824,857,000
• Market Cap: $2.87 billion
• Optionable: Optionable
• Beta: 2.79