About Transocean (NYSE:RIG)

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
SymbolNYSE:RIG
CUSIPN/A
Phone41-41-749-0500
Debt
Debt-to-Equity Ratio0.56%
Current Ratio3.36%
Quick Ratio3.06%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.97 billion
Price / Sales1.94
Cash Flow$2.0813 per share
Price / Cash6.03
Book Value$32.49 per share
Price / Book0.39
Profitability
EPS (Most Recent Fiscal Year)($0.06)
Net Income$-3,127,000,000.00
Net Margins-105.18%
Return on Equity-0.17%
Return on Assets-0.10%
Miscellaneous
Employees4,900
Outstanding Shares458,920,000
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 (NYSE:RIG) released its earnings results on Tuesday, February, 20th. The offshore drilling services provider reported ($0.24) EPS for the quarter, missing the Zacks' consensus estimate of ($0.21) by $0.03. The offshore drilling services provider earned $629 million during the quarter, compared to analysts' expectations of $619.66 million. Transocean had a negative net margin of 105.18% and a negative return on equity of 0.17%. The company's revenue for the quarter was down 35.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 EPS. View Transocean's Earnings History.
When is Transocean's next earnings date?
What price target have analysts set for RIG?
28 brokers have issued 12 month price targets for Transocean's stock. Their predictions range from $7.00 to $18.00. On average, they anticipate Transocean's stock price to reach $11.69 in the next twelve months. View Analyst Ratings for Transocean.
Are investors shorting Transocean?
Transocean saw a increase in short interest in April. As of April 13th, there was short interest totalling 81,979,546 shares, an increase of 2.3% from the March 30th total of 83,935,399 shares. Based on an average daily trading volume, of 17,011,546 shares, the days-to-cover ratio is currently 4.8 days. Approximately 19.2% of the company's stock are sold short.
Who are some of Transocean's key competitors?
Some companies that are related to Transocean include Helmerich & Payne (HP), Patterson-UTI (PTEN), Ensco (ESV), Diamond Offshore Drilling (DO), Nabors Industries (NBR), Ocean Rig (ORIG), Rowan Companies (RDC), Noble (NE), Baytex Energy (BTE), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Key Energy Services (KEG), Pioneer Energy Services (PES), Seadrill Partners (SDLP) and Independence Contract (ICD).
Who are Transocean's key executives?
Transocean's management team includes the folowing people:
- Mr. Jeremy D. Thigpen, Pres, CEO & Exec. Director (Age 43)
- Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 55)
- Mr. John B. Stobart, Exec. VP, COO & Chief Performance Officer (Age 63)
- Mr. Howard E. Davis, Exec. VP, Chief Admin. Officer & Chief Information Officer (Age 59)
- Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 45)
Has Transocean been receiving favorable news coverage?
News headlines about RIG stock have trended positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Transocean earned a news sentiment score of 0.46 on Accern's scale. They also assigned media stories about the offshore drilling services provider an impact score of 45.01 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
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 $12.55.
How big of a company is Transocean?
Transocean has a market capitalization of $5.71 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.
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 (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.
Transocean (NYSE:RIG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
28 Wall Street analysts have issued ratings and price targets for Transocean in the last 12 months. Their average twelve-month price target is $11.69, suggesting that the stock has a possible downside of 6.85%. The high price target for RIG is $18.00 and the low price target for RIG is $7.00. There are currently 7 sell ratings, 8 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
Consensus Rating: | Hold | Hold | Hold | Hold |
Consensus Rating Score: | 2.21 | 2.19 | 2.13 | 2.15 |
Ratings Breakdown: | 7 Sell Rating(s) 8 Hold Rating(s) 13 Buy Rating(s) 0 Strong Buy Rating(s) | 7 Sell Rating(s) 8 Hold Rating(s) 12 Buy Rating(s) 0 Strong Buy Rating(s) | 9 Sell Rating(s) 9 Hold Rating(s) 13 Buy Rating(s) 0 Strong Buy Rating(s) | 9 Sell Rating(s) 11 Hold Rating(s) 14 Buy Rating(s) 0 Strong Buy Rating(s) |
Consensus Price Target: | $11.69 | $11.6146 | $12.0288 | $12.1107 |
Price Target Upside: | 6.85% downside | 17.91% upside | 0.75% downside | 21.72% upside |
Transocean (NYSE:RIG) Consensus Price Target History

Transocean (NYSE:RIG) Analyst Ratings History
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(Data available from 4/26/2016 forward)
Transocean (NYSE:RIG) Dividend Information
Transocean pays an annual dividend of $0.00 per share, with a dividend yield of 0.00%. RIG's most recent dividend payment was Wednesday, September 23. Transocean pays out 0.00% of its earnings out as a dividend.
Most Recent Dividend: | 9/23/2015 |
Dividend Yield: | 0.00% |
Dividend Growth: | 0.00% (3 Year Average) |
Payout Ratio: | 0.00% (Trailing 12 Months of Earnings) 0.00% (Based on This Year's Estimates) 0.00% (Based on Next Year's Estimates)
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Transocean (NYSE:RIG) Dividend History by Quarter
Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
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8/14/2015 | | $0.15 | | 8/21/2015 | 8/25/2015 | 9/23/2015 |
5/18/2015 | | $0.15 | | 5/27/2015 | 5/29/2015 | 6/17/2015 |
2/6/2015 | | $0.75 | | 2/18/2015 | 2/20/2015 | 3/18/2015 |
11/4/2014 | | $0.75 | | 11/12/2014 | 11/14/2014 | 12/17/2014 |
8/12/2014 | | $0.75 | | 8/20/2014 | 8/22/2014 | 9/17/2014 |
5/20/2014 | | $0.75 | | 5/28/2014 | 5/30/2014 | 6/18/2014 |
2/10/2014 | | $0.56 | | 2/19/2014 | 2/21/2014 | 3/19/2014 |
11/5/2013 | | $0.56 | | 11/13/2013 | 11/15/2013 | 12/18/2013 |
(Data available from 1/1/2013 forward)
Transocean (NYSE RIG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.33%
Institutional Ownership Percentage: 63.64%
Transocean (NYSE RIG) Insider Trading History
Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
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3/2/2018 | Frederik Wilhelm Mohn | Director | Buy | 2,000,000 | $9.29 | $18,580,000.00 | | |
2/13/2018 | David A Tonnel | SVP | Sell | 9,000 | $9.39 | $84,510.00 | 75,349 | |
8/17/2017 | Howard E Davis | CAO | Buy | 40,000 | $7.32 | $292,800.00 | 21,793 | |
8/17/2017 | Vanessa C L Chang | Director | Buy | 2,000 | $7.56 | $15,120.00 | 50,154 | |
4/27/2017 | David A Tonnel | SVP | Sell | 9,450 | $11.28 | $106,596.00 | 54,845 | |
9/23/2015 | Lars Sjobring | SVP | Sell | 5,324 | $14.40 | $76,665.60 | | |
9/2/2015 | Vanessa C L Chang | Director | Buy | 1,500 | $13.50 | $20,250.00 | 17,145 | |
12/1/2014 | Steven L Newman | CEO | Buy | 9,800 | $20.41 | $200,018.00 | | |
9/5/2014 | David A Tonnel | SVP | Sell | 1,053 | $38.31 | $40,340.43 | | |
8/27/2014 | John B Stobart | COO | Sell | 8,451 | $38.07 | $321,729.57 | | |
6/9/2014 | Edward R Muller | Director | Sell | 1,816 | $42.75 | $77,634.00 | | |
(Data available from 1/1/2013 forward)
Transocean (NYSE RIG) News Headlines
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Transocean (NYSE:RIG) SEC Filings
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Transocean (NYSE:RIG) Income Statement, Balance Sheet and Cash Flow Statement
Transocean (NYSE RIG) Stock Chart for Thursday, April, 26, 2018
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