Transocean Stock Forecast, Price & News

Transocean (NYSE:RIG) Frequently Asked Questions

Is Transocean a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Transocean stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RIG, but not buy additional shares or sell existing shares.
View analyst ratings for Transocean or view top-rated stocks.

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 stock has increased by 156.6% and is now trading at $3.49.
View which stocks have been most impacted by COVID-19.

When is Transocean's next earnings date?

Transocean is scheduled to release its next quarterly earnings announcement on Monday, February 28th 2022.
View our earnings forecast for Transocean.

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) released its quarterly earnings data on Monday, November, 1st. The offshore drilling services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.16) by $0.03. The offshore drilling services provider had revenue of $626 million for the quarter, compared to the consensus estimate of $659.16 million. Transocean had a negative net margin of 14.06% and a negative trailing twelve-month return on equity of 4.91%. Transocean's revenue for the quarter was down 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.11) earnings per share.
View Transocean's earnings history.

What price target have analysts set for RIG?

4 Wall Street analysts have issued 12-month price objectives for Transocean's shares. Their forecasts range from $2.00 to $4.00. On average, they anticipate Transocean's share price to reach $3.25 in the next year. This suggests that the stock has a possible downside of 6.9%.
View analysts' price targets for Transocean or view top-rated stocks among Wall Street analysts.

Who are Transocean's key executives?

Transocean's management team includes the following people:

• Jeremy D. Thigpen, President, CEO & Executive Director
• Keelan I. Adamson, Chief Operating Officer & Executive Vice President
• Mey Lovell Mark-Anthony, Chief Financial Officer & Executive Vice President
• Howard E. Davis, Chief Administrative & Information Officer, EVP
• Brady K. Long, Executive Vice President & General Counsel

What is Jeremy D. Thigpen's approval rating as Transocean's CEO?

57 employees have rated Transocean CEO Jeremy D. Thigpen on Glassdoor.com. Jeremy D. Thigpen has an approval rating of 60% among Transocean's employees. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Transocean's key competitors?

Some companies that are related to Transocean include Helmerich & Payne (HP), Valaris (VAL), Patterson-UTI Energy (PTEN), Baytex Energy (BTEGF), HighPeak Energy (HPK), Oasis Midstream Partners (OMP), Nabors Industries (NBR), Precision Drilling (PDS), Petroteq Energy (PQEFF), InPlay Oil (IPOOF), Borr Drilling (BORR), Independence Contract Drilling (ICD), Western Energy Services (WEEEF), Diamond Offshore Drilling (DOFSQ) and Seadrill (SDRLF).
View all of RIG's competitors.

What other stocks do shareholders of Transocean own?

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).

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 number of institutional and retail investors. Top institutional shareholders include Foundation Resource Management Inc. (0.07%), Cutler Group LP (0.00%), Patriot Financial Group Insurance Agency LLC (0.01%), Kohmann Bosshard Financial Services LLC (0.01%), Brookstone Capital Management (0.01%) and Cambridge Advisors Inc. (0.00%). Company insiders that own Transocean stock include Chad C Deaton, David A Tonnel, Edward R Muller, Jack Sinclair, Perestroika, Saint Victor Diane De and W R Jr Stephens.
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 Brookstone Capital Management. Company insiders that have sold Transocean company stock in the last year include Jack Sinclair, and W R Jr Stephens.
View insider buying and selling activity for Transocean or view top insider-selling stocks.

Which major investors are buying Transocean stock?

RIG stock was acquired by a variety of institutional investors in the last quarter, including Foundation Resource Management Inc., Cutler Group LP, Patriot Financial Group Insurance Agency LLC, Cambridge Advisors Inc., and Kohmann Bosshard Financial Services LLC. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, Edward R Muller, Perestroika, and Saint Victor Diane De.
View insider buying and selling activity for Transocean or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Transocean's stock price today?

One share of RIG stock can currently be purchased for approximately $3.49.

How much money does Transocean make?

Transocean has a market capitalization of $2.29 billion and generates $3.15 billion in revenue each year. The offshore drilling services provider earns $-567 million in net income (profit) each year or ($0.59) on an earnings per share basis.

How many employees does Transocean have?

Transocean employs 5,350 workers across the globe.

Does Transocean have any subsidiaries?

The following companies are subsidiares of Transocean: Ocean Rig.

When was Transocean founded?

Transocean was founded in 1953.

What is Transocean's official website?

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

Where are Transocean's headquarters?

Transocean is headquartered at Turmstrasse30, Steinhausen V8, 6312.

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 (141) 479-0500, via email at [email protected], or via fax at 41 71 323 27 750.