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
Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
Phone41-41-749-0500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.97 billion
Profitability
Miscellaneous
Employees4,900
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) issued its quarterly earnings results on Monday, October, 29th. The offshore drilling services provider reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.10) by $0.16. The offshore drilling services provider had revenue of $816 million for the quarter, compared to analyst estimates of $779.19 million. Transocean had a negative return on equity of 2.31% and a negative net margin of 64.33%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. View Transocean's Earnings History.
When is Transocean's next earnings date?
How can I listen to Transocean's earnings call?
Transocean will be holding an earnings conference call on Tuesday, February 19th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 3239942093.
What price target have analysts set for RIG?
20 brokerages have issued 1 year target prices for Transocean's stock. Their forecasts range from $8.00 to $18.00. On average, they anticipate Transocean's stock price to reach $13.70 in the next year. This suggests a possible upside of 53.4% from the stock's current price. View Analyst Price Targets for Transocean.
What is the consensus analysts' recommendation for Transocean?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 3 sell ratings, 5 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Transocean.
Has Transocean been receiving favorable news coverage?
Media stories about RIG stock have been trending neutral this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Transocean earned a news sentiment score of 0.4 on InfoTrie's scale. They also gave media coverage about the offshore drilling services provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Are investors shorting Transocean?
Transocean saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 57,045,205 shares, an increase of 0.2% from the January 15th total of 57,174,783 shares. Based on an average trading volume of 11,917,198 shares, the short-interest ratio is presently 4.8 days. Approximately 9.9% 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), Ocean Rig UDW (ORIG), Ensco (ESV), Rowan Companies (RDC), Diamond Offshore Drilling (DO), Nabors Industries (NBR), Baytex Energy (BTE), Noble (NE), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Independence Contract Drilling (ICD), Pioneer Energy Services (PES), Seadrill Partners (SDLP) and Key Energy Services (KEG).
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. Howard E. Davis, Exec. VP, Chief Admin. Officer & Chief Information Officer (Age 60)
- Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 46)
- Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 50)
Who are Transocean's major shareholders?
Transocean's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.04%), Contrarius Investment Management Ltd (3.43%), Van ECK Associates Corp (2.08%), Dimensional Fund Advisors LP (1.62%), Bank of New York Mellon Corp (1.42%) and Geode Capital Management LLC (1.08%). 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 Thrivent Financial for Lutherans, Two Sigma Investments LP, Manning & Napier Group LLC, Ferguson Wellman Capital Management Inc., Millennium Management LLC, Canada Pension Plan Investment Board, Brandywine Global Investment Management LLC and Castleark Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Mackenzie Financial Corp, Contrarius Investment Management Ltd, Somerset Capital Management LLP, Van ECK Associates Corp, Oregon Public Employees Retirement Fund, Geode Capital Management LLC and TVR Capital Management LP. 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 $8.93.
How big of a company is Transocean?
Transocean has a market capitalization of $4.12 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.
What is Transocean's official website?
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.
