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NYSE:RIG

Transocean Stock Forecast, Price & News

$0.80
-0.09 (-10.11 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$0.79
Now: $0.80
$0.90
50-Day Range
$0.89
MA: $1.45
$2.38
52-Week Range
$0.76
Now: $0.80
$7.28
Volume39.20 million shs
Average Volume28.89 million shs
Market Capitalization$491.66 million
P/E RatioN/A
Dividend YieldN/A
Beta2.34
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers drilling rigs, related equipment, and work crews; and ultra-deepwater and harsh environment drilling services. As of February 18, 2019, it owned or had partial ownership interests in, and operated 48 mobile offshore drilling units that consist of 31 ultra-deepwater floaters, 13 harsh environment floaters, and 4 midwater floaters. The company serves integrated oil companies or their affiliates, as well as government-controlled oil companies and independent oil companies. Transocean Ltd. was founded in 1953 and is based in Steinhausen, Switzerland.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.9Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars


Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
CUSIPN/A
Phone41-41-749-0500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$0.21 per share
Book Value$19.40 per share

Profitability

Net Income$-1,255,000,000.00

Miscellaneous

Employees6,600
Market Cap$491.66 million
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$0.80
-0.09 (-10.11 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Transocean (NYSE:RIG) Frequently Asked Questions

How has Transocean's stock price been impacted by COVID-19 (Coronavirus)?

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.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Transocean?

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."
View analyst ratings for Transocean
.

When is Transocean's next earnings date?

Transocean is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Transocean
.

How were Transocean's earnings last quarter?

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
.

What price target have analysts set for RIG?

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
.

Are investors shorting 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
.

Who are some of Transocean's key competitors?

What other stocks do shareholders of Transocean own?

Who are Transocean's key executives?

Transocean's management team includes the following people:
  • Mr. Jeremy D. Thigpen, Pres, CEO & Exec. Director (Age 44)
  • Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 56)
  • Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 50)
  • Mr. Howard E. Davis, Exec. VP and Chief Admin. Officer & Information Officer (Age 60)
  • Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 46)

What is Transocean's stock symbol?

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

Who are Transocean's major shareholders?

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
.

Which major investors are selling Transocean stock?

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
.

Which major investors are buying Transocean stock?

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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is Transocean's stock price today?

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

How big of a company is Transocean?

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.

What is Transocean's official website?

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

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]

This page was last updated on 9/27/2020 by MarketBeat.com Staff

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