Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. As of February 20, 2018, it owned or had partial ownership interests in, and operated 47 mobile offshore drilling units that consist of 27 ultra-deepwater floaters, 12 harsh environment floaters, 2 deepwater floaters, 6 midwater floaters, and 2 high-specification jackups. The company serves government-controlled oil companies and independent oil companies. Transocean Ltd. was founded in 1953 and is based in Steinhausen, Switzerland.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:RIG
CUSIPN/A
Phone41-41-749-0500
Debt
Debt-to-Equity Ratio0.63
Current Ratio1.49
Quick Ratio1.35
Price-To-Earnings
Trailing P/E Ratio-189.33
Forward P/E Ratio-12.45
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.97 billion
Price / Sales1.76
Cash Flow$2.1747 per share
Price / Cash5.21
Book Value$32.49 per share
Price / Book0.35
Profitability
EPS (Most Recent Fiscal Year)($0.06)
Net Income$-3,127,000,000.00
Net Margins-99.38%
Return on Equity-2.00%
Return on Assets-1.08%
Miscellaneous
Employees4,900
Outstanding Shares461,870,000
Market Cap$4.97 billion
Transocean (NYSE:RIG) Frequently Asked Questions
What is Transocean's stock symbol?
Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG."
How were Transocean's earnings last quarter?
Transocean LTD (NYSE:RIG) issued its quarterly earnings data on Monday, July, 30th. The offshore drilling services provider reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.17) by $0.13. The offshore drilling services provider had revenue of $790 million for the quarter, compared to analyst estimates of $768.68 million. Transocean had a negative net margin of 99.38% and a negative return on equity of 2.00%. The firm's revenue was up 5.2% compared to the same quarter last year. View Transocean's Earnings History.
When is Transocean's next earnings date?
What price target have analysts set for RIG?
19 brokerages have issued twelve-month price objectives for Transocean's stock. Their predictions range from $8.00 to $16.00. On average, they expect Transocean's stock price to reach $12.6941 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View Analyst Price Targets for Transocean.
What is the consensus analysts' recommendation for Transocean?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 2 sell ratings, 5 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Transocean.
Are investors shorting Transocean?
Transocean saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 75,104,353 shares, an increase of 5.1% from the July 13th total of 71,484,417 shares. Based on an average daily volume of 11,619,413 shares, the days-to-cover ratio is currently 6.5 days. Currently, 17.6% of the company's shares are short sold. View Transocean's Current Options Chain.
Who are some of Transocean's key competitors?
Some companies that are related to Transocean include Helmerich & Payne (HP), Patterson-UTI Energy (PTEN), Ensco (ESV), Ocean Rig UDW (ORIG), Diamond Offshore Drilling (DO), Nabors Industries (NBR), Rowan Companies (RDC), Noble (NE), Precision Drilling (PDS), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Key Energy Services (KEG), Seadrill Partners (SDLP), Pioneer Energy Services (PES) and Independence Contract Drilling (ICD).
Who are Transocean's key executives?
Transocean's management team includes the folowing people:
- Mr. Jeremy D. Thigpen, Pres, CEO & Exec. Director (Age 43)
- Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 55)
- Mr. Howard E. Davis, Exec. VP, Chief Admin. Officer & Chief Information Officer (Age 59)
- Mr. Brady K. Long, Exec. VP, Gen. Counsel & Assistant Corp. Sec. (Age 45)
- Keelan I. Adamson, Sr. VP of Operations
Has Transocean been receiving favorable news coverage?
News stories about RIG stock have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Transocean earned a media and rumor sentiment score of 0.05 on Accern's scale. They also gave press coverage about the offshore drilling services provider an impact score of 47.22 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Transocean.
Who are Transocean's major shareholders?
Transocean's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.49%), Asia Research & Capital Management Ltd (3.65%), Contrarius Investment Management Ltd (2.73%), Platinum Investment Management Ltd. (1.89%), Renaissance Technologies LLC (1.74%) and Dimensional Fund Advisors LP (1.45%). Company insiders that own Transocean stock include David A Tonnel, Frederik Wilhelm Mohn, Howard E Davis, Vanessa C L Chang and Vincent J Intrieri. View Institutional Ownership Trends for Transocean.
Which major investors are selling Transocean stock?
RIG stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Van ECK Associates Corp, Schroder Investment Management Group, Russell Investments Group Ltd., Marshall Wace LLP, Manning & Napier Group LLC, California Public Employees Retirement System and Voya Investment Management LLC. View Insider Buying and Selling for Transocean.
Which major investors are buying Transocean stock?
RIG stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Platinum Investment Management Ltd., Elephas Investment Management Ltd, Renaissance Technologies LLC, Columbus Circle Investors, Somerset Capital Management LLP, Victory Capital Management Inc. and CastleArk Alternatives LLC. Company insiders that have bought Transocean stock in the last two years include Frederik Wilhelm Mohn, Howard E Davis, Vanessa C L Chang and Vincent J Intrieri. View Insider Buying and Selling for Transocean.
How do I buy shares of Transocean?
Shares of RIG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Transocean's stock price today?
One share of RIG stock can currently be purchased for approximately $11.33.
How big of a company is Transocean?
Transocean has a market capitalization of $4.97 billion and generates $2.97 billion in revenue each year. The offshore drilling services provider earns $-3,127,000,000.00 in net income (profit) each year or ($0.06) on an earnings per share basis. Transocean employs 4,900 workers across the globe.
How can I contact Transocean?
Transocean's mailing address is Turmstrasse30, Steinhausen V8, 6312. The offshore drilling services provider can be reached via phone at 41-41-749-0500 or via email at [email protected]
MarketBeat Community Rating for Transocean (NYSE RIG)
MarketBeat's community ratings are surveys of what our community members think about Transocean and other stocks. Vote "Outperform" if you believe RIG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RIG will underperform the S&P 500 over the long term. You may vote once every thirty days.
