Transocean Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 5 sell ratings, 11 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.

Wall Street analysts have given Transocean a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Transocean wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Transocean saw a decline in short interest during the month of January. As of January 29th, there was short interest totaling 74,990,000 shares, a decline of 25.3% from the January 14th total of 100,390,000 shares. Based on an average daily trading volume, of 39,130,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 12.9% of the shares of the stock are sold short.
View Transocean's Short Interest.

Transocean is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Transocean.

Transocean Ltd. (NYSE:RIG) released its quarterly earnings data on Sunday, February, 21st. The offshore drilling services provider reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.15. The offshore drilling services provider had revenue of $690 million for the quarter, compared to analyst estimates of $695.28 million. Transocean had a negative trailing twelve-month return on equity of 4.55% and a negative net margin of 17.85%. Transocean's revenue for the quarter was down 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.43) earnings per share.
View Transocean's earnings history.

Transocean's stock was trading at $1.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RIG shares have increased by 213.2% and is now trading at $4.26.
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17 equities research analysts have issued twelve-month target prices for Transocean's shares. Their forecasts range from $1.15 to $4.00. On average, they expect Transocean's share price to reach $2.13 in the next year. This suggests that the stock has a possible downside of 50.1%.
View analysts' price targets for Transocean or view top-rated stocks among Wall Street analysts.

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.

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

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 Co. (ATH.TO) (ATH), Micron Technology (MU), Gran Tierra Energy Inc. (GTE.TO) (GTE) and Och-Ziff Capital Management Group (OZM).

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

Transocean's stock is owned by many different retail and institutional investors. Top institutional investors include Primecap Management Co. CA (7.89%), BlackRock Inc. (7.06%), Van ECK Associates Corp (2.28%), Norges Bank (1.30%), Northern Trust Corp (1.15%) and Renaissance Technologies LLC (1.07%). 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.

RIG stock was sold by a variety of institutional investors in the last quarter, including Tensile Capital Management LP, Dimensional Fund Advisors LP, Primecap Management Co. CA, Paloma Partners Management Co, Aperio Group LLC, Northern Trust Corp, ExodusPoint Capital Management LP, and Squarepoint Ops LLC.
View insider buying and selling activity for Transocean or view top insider-selling stocks.

RIG stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Renaissance Technologies LLC, BlackRock Inc., Van ECK Associates Corp, Morgan Stanley, First Trust Advisors LP, Russell Investments Group Ltd., and Charles Schwab Investment Management Inc.. 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 or or view top insider-buying stocks.

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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One share of RIG stock can currently be purchased for approximately $4.26.

Transocean has a market capitalization of $2.62 billion 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 5,900 workers across the globe.

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

Transocean is headquartered at Turmstrasse30, Steinhausen V8, 6312.

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]