NYSE:RIG - Transocean Stock Price, News, & Analysis

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$7.41 -0.13 (-1.72 %)
(As of 05/19/2019 10:44 AM ET)
Previous Close$7.41
Today's Range$7.41 - $7.70
52-Week Range$6.19 - $14.47
Volume8.23 million shs
Average Volume15.25 million shs
Market Capitalization$4.53 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.76
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.02 billion
Cash Flow$0.9205 per share
Book Value$21.18 per share

Profitability

Net Income$-1,996,000,000.00

Miscellaneous

Employees6,700
Market Cap$4.53 billion
Next Earnings Date7/29/2019 (Estimated)
OptionableOptionable

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) posted its earnings results on Monday, April, 29th. The offshore drilling services provider reported ($0.30) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.29) by $0.01. The offshore drilling services provider had revenue of $754 million for the quarter, compared to the consensus estimate of $745.43 million. Transocean had a negative net margin of 62.97% and a negative return on equity of 2.70%. The firm's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the company posted ($0.48) earnings per share. View Transocean's Earnings History.

When is Transocean's next earnings date?

Transocean is scheduled to release their next quarterly earnings announcement on Monday, July 29th 2019. View Earnings Estimates for Transocean.

What price target have analysts set for RIG?

18 brokers have issued 1-year price objectives for Transocean's stock. Their predictions range from $8.00 to $18.00. On average, they expect Transocean's share price to reach $13.6923 in the next twelve months. This suggests a possible upside of 84.8% from the stock's current price. View Analyst Price Targets for Transocean.

What is the consensus analysts' recommendation for Transocean?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 3 sell ratings, 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Transocean.

Has Transocean been receiving favorable news coverage?

News coverage about RIG stock has been trending positive on Sunday, according to InfoTrie. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Transocean earned a daily sentiment score of 2.2 on InfoTrie's scale. They also assigned media coverage about the offshore drilling services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days.

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 folowing 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)

Who are Transocean's major shareholders?

Transocean's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.71%), Primecap Management Co. CA (5.55%), Platinum Investment Management Ltd. (2.98%), FMR LLC (1.56%), Dimensional Fund Advisors LP (1.23%) and Renaissance Technologies LLC (0.87%). 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 Renaissance Technologies LLC, BlueMountain Capital Management LLC, FMR LLC, Frontier Capital Management Co. LLC, Manning & Napier Group LLC, CWM LLC, Maverick Capital Ltd. and California Public Employees Retirement System. Company insiders that have sold Transocean company stock in the last year include David A Tonnel and Howard E Davis. View Insider Buying and Selling for Transocean.

Which major investors are buying Transocean stock?

RIG stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Platinum Investment Management Ltd., BlackRock Inc., Elephas Investment Management Ltd, Parametric Portfolio Associates LLC, The Manufacturers Life Insurance Company , DeepCurrents Investment Group LLC and Morgan Stanley. 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 $7.41.

How big of a company is Transocean?

Transocean has a market capitalization of $4.53 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.

What is Transocean's official website?

The official website for Transocean is http://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]


MarketBeat Community Rating for Transocean (NYSE RIG)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  809 (Vote Outperform)
Underperform Votes:  1,368 (Vote Underperform)
Total Votes:  2,177
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.
This page was last updated on 5/19/2019 by MarketBeat.com Staff

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