Transocean Stock Forecast, Price & News

Transocean's stock was trading at $1.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RIG shares have decreased by 41.2% and is now trading at $0.7999.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 7 sell ratings, 14 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Transocean is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Transocean.

Transocean LTD (NYSE:RIG) released its quarterly earnings data on Wednesday, April, 29th. The offshore drilling services provider reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.29) by $0.01. The offshore drilling services provider earned $759 million during the quarter, compared to analysts' expectations of $791.17 million. Transocean had a negative return on equity of 5.92% and a negative net margin of 54.06%.
View Transocean's earnings history.

22 Wall Street analysts have issued twelve-month price objectives for Transocean's shares. Their forecasts range from $1.15 to $6.00. On average, they anticipate Transocean's stock price to reach $2.38 in the next year. This suggests a possible upside of 197.5% from the stock's current price.
View analysts' price targets for Transocean.

Transocean saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 102,940,000 shares, an increase of 15.2% from the August 15th total of 89,390,000 shares. Based on an average daily trading volume, of 25,960,000 shares, the days-to-cover ratio is presently 4.0 days. Approximately 17.8% of the company's stock are sold short.
View Transocean's Short Interest.

Some companies that are related to Transocean include Helmerich & Payne (HP), Noble (NE), Patterson-UTI Energy (PTEN), Oasis Midstream Partners (OMP), Nabors Industries (NBR), Baytex Energy (BTE), Precision Drilling (PDS), Borr Drilling (BORR), Valaris (DOFSQ), Pacific Drilling (PACD), Western Energy Services (WEEEF), Valaris (VALPQ), Petroteq Energy (PQEFF), Independence Contract Drilling (ICD) and InPlay Oil (IPOOF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Gran Tierra Energy (GTE) and Och-Ziff Capital Management Group (OZM).

Transocean trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG."

Transocean's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.64%), Bank of New York Mellon Corp (1.07%), Two Sigma Advisers LP (0.92%), Charles Schwab Investment Management Inc. (0.90%), Nuveen Asset Management LLC (0.46%) and Frontier Capital Management Co. LLC (0.44%). Company insiders that own Transocean stock include Chad C Deaton, David A Tonnel, Edward R Muller, Howard E Davis, Vanessa C L Chang and Vincent J Intrieri.
View institutional ownership trends for Transocean.

RIG stock was sold by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, Two Sigma Advisers LP, State Board of Administration of Florida Retirement System, Frontier Capital Management Co. LLC, Prudential Financial Inc., Creative Planning, New York State Teachers Retirement System, and Russell Investments Group Ltd..
View insider buying and selling activity for Transocean.

RIG stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Charles Schwab Investment Management Inc., SG Americas Securities LLC, Nuveen Asset Management LLC, Bank of New York Mellon Corp, American International Group Inc., Swiss National Bank, and Cedar Wealth Management LLC. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, Edward R Muller, Howard E Davis, Vanessa C L Chang, and Vincent J Intrieri.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of RIG stock can currently be purchased for approximately $0.80.

Transocean has a market capitalization of $491.66 million and generates $3.09 billion in revenue each year. The offshore drilling services provider earns $-1,255,000,000.00 in net income (profit) each year or ($1.45) on an earnings per share basis. Transocean employs 6,600 workers across the globe.

The official website for Transocean is www.deepwater.com.

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]