NYSE:RIG - Transocean Stock Price, Forecast & News

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

Transocean LTD (NYSE:RIG) announced its quarterly earnings data on Monday, October, 28th. The offshore drilling services provider reported ($0.38) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.02. The offshore drilling services provider earned $784 million during the quarter, compared to the consensus estimate of $773.64 million. Transocean had a negative net margin of 47.50% and a negative return on equity of 6.26%. The company's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. View Transocean's Earnings History.

Transocean is scheduled to release their next quarterly earnings announcement on Monday, February 17th 2020. View Earnings Estimates for Transocean.

Transocean will be holding an earnings conference call on Monday, February 17th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

14 brokerages have issued 1-year price objectives for Transocean's stock. Their forecasts range from $2.90 to $12.00. On average, they anticipate Transocean's stock price to reach $7.38 in the next twelve months. This suggests a possible upside of 32.5% from the stock's current price. View Analyst Price Targets for Transocean.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 4 sell ratings, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Transocean.

News headlines about RIG stock have trended somewhat positive on Thursday, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Transocean earned a news sentiment score of 1.6 on InfoTrie's scale. They also assigned press coverage about the offshore drilling services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Transocean.

Transocean saw a drop in short interest in the month of December. As of December 13th, there was short interest totalling 61,550,000 shares, a drop of 5.1% from the November 28th total of 64,890,000 shares. Based on an average daily trading volume, of 16,930,000 shares, the short-interest ratio is currently 3.6 days. Approximately 10.8% of the shares of the company are sold short. View Transocean's Current Options Chain.

Some companies that are related to Transocean include Helmerich & Payne (HP), Patterson-UTI Energy (PTEN), Nabors Industries (NBR), Seadrill (SDRL), Diamond Offshore Drilling (DO), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Precision Drilling (PDS), PARKER DRILLING/SH PAR $ (PKD), Noble (NE), Pacific Drilling (PACD), Independence Contract Drilling (ICD), Petroteq Energy (PQEFF), Western Energy Services (WEEEF) and Pioneer Energy Services (PES).

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), Och-Ziff Capital Management Group (OZM) and Gran Tierra Energy (GTE).

Transocean's stock is owned by a number of of retail and institutional investors. Top institutional investors include Manning & Napier Group LLC (0.83%), Wedge Capital Management L L P NC (0.44%), Commerzbank Aktiengesellschaft FI (0.24%), Foundation Resource Management Inc. (0.08%), Granite Investment Advisors LLC (0.04%) and Nisa Investment Advisors LLC (0.02%). Company insiders that own Transocean stock include Chad C Deaton, David A Tonnel, Frederik Wilhelm Mohn, 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 Commerzbank Aktiengesellschaft FI, Manning & Napier Group LLC, Foundation Resource Management Inc., Wedge Capital Management L L P NC, Granite Investment Advisors LLC, Brave Asset Management Inc., Cerebellum GP LLC and Exane Derivatives. View Insider Buying and Selling for Transocean.

RIG stock was purchased by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Calamos Advisors LLC, SeaCrest Wealth Management LLC, Resource Management LLC, Wealthfront Advisers LLC, Arkfeld Wealth Strategies L.L.C., Fruth Investment Management and Steward Partners Investment Advisory LLC. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, Frederik Wilhelm Mohn, Howard E Davis, Vanessa C L Chang and Vincent J Intrieri. View Insider Buying and Selling 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 $5.57.

Transocean has a market capitalization of $3.41 billion and generates $3.02 billion in revenue each year. The offshore drilling services provider earns $-1,996,000,000.00 in net income (profit) each year or ($0.79) on an earnings per share basis. Transocean employs 6,700 workers across the globe.View Additional Information About Transocean.

The official website for Transocean is http://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]