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NYSE:RIG

Transocean (RIG) Stock Price, News & Analysis

$5.81
-0.11 (-1.86%)
(As of 05/23/2024 ET)
Today's Range
$5.77
$6.03
50-Day Range
$5.22
$6.68
52-Week Range
$4.45
$8.88
Volume
9.84 million shs
Average Volume
16.77 million shs
Market Capitalization
$4.76 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.70

Transocean MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
32.5% Upside
$7.70 Price Target
Short Interest
Bearish
15.62% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.91
Upright™ Environmental Score
News Sentiment
0.62mentions of Transocean in the last 14 days
Based on 23 Articles This Week
Insider Trading
Acquiring Shares
$12.02 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.86 out of 5 stars

Oils/Energy Sector

52nd out of 235 stocks

Drilling Oil & Gas Wells Industry

2nd out of 13 stocks

RIG stock logo

About Transocean Stock (NYSE:RIG)

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled energy companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.

RIG Stock Price History

RIG Stock News Headlines

Transocean Target of Unusually High Options Trading (NYSE:RIG)
Transocean (NYSE:RIG) Shares Gap Up on Insider Buying Activity
Transocean Stock - The Good News Is Ignored
Why Transocean Stock Is Sinking Tuesday
Transocean: Q1 Earnings Snapshot
Transocean Ltd. Reports First Quarter 2024 Results
Transocean Ltd. (RIG)
Transocean Ltd. Announces Results of Tender Offers
See More Headlines
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Company Calendar

Last Earnings
4/29/2024
Today
5/24/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
N/A
Employees
5,800
Year Founded
1953

Price Target and Rating

Average Stock Price Target
$7.70
High Stock Price Target
$12.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+32.5%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$-954,000,000.00
Pretax Margin
-21.05%

Debt

Sales & Book Value

Annual Sales
$2.95 billion
Cash Flow
$0.13 per share
Book Value
$12.84 per share

Miscellaneous

Free Float
711,723,000
Market Cap
$4.76 billion
Optionable
Optionable
Beta
2.83

Social Links

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Key Executives

  • Mr. Jeremy D. Thigpen (Age 49)
    CEO & Executive Director
    Comp: $3.05M
  • Mr. Keelan I. AdamsonMr. Keelan I. Adamson (Age 54)
    President & COO
    Comp: $1.8M
  • Mr. Mark-Anthony Lovell Mey Sr. (Age 61)
    Executive VP & CFO
    Comp: $2.48M
  • Mr. Howard E. Davis (Age 65)
    Executive VP, Chief Administrative Officer & Chief Information Officer
    Comp: $1.8M
  • Mr. Brady K. Long (Age 51)
    Executive VP & General Counsel
    Comp: $1.36M
  • Mr. David A. TonnelMr. David A. Tonnel (Age 54)
    Senior VP & Chief Accounting Officer
    Comp: $1.14M
  • Mr. Robert Thaddeus Vayda
    Senior Vice President of Corporate Finance & Treasurer
  • Mr. Paul Johnson
    Vice President of Technical Services
  • Ms. Alison Johnson
    Director of Investor Relations
  • Ms. Janelle Daniel
    Senior Vice President of Human Resources, Sustainability & Communications

RIG Stock Analysis - Frequently Asked Questions

Should I buy or sell Transocean stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RIG shares. 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 RIG analyst ratings
or view top-rated stocks.

What is Transocean's stock price target for 2024?

10 brokers have issued twelve-month price targets for Transocean's shares. Their RIG share price targets range from $6.00 to $12.00. On average, they anticipate the company's stock price to reach $7.70 in the next year. This suggests a possible upside of 32.5% from the stock's current price.
View analysts price targets for RIG
or view top-rated stocks among Wall Street analysts.

How have RIG shares performed in 2024?

Transocean's stock was trading at $6.35 on January 1st, 2024. Since then, RIG stock has decreased by 8.5% and is now trading at $5.81.
View the best growth stocks for 2024 here
.

When is Transocean's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our RIG earnings forecast
.

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) issued its earnings results on Monday, April, 29th. The offshore drilling services provider reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.10. The offshore drilling services provider had revenue of $767 million for the quarter, compared to analyst estimates of $781.86 million. Transocean had a negative trailing twelve-month return on equity of 4.67% and a negative net margin of 13.27%. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.38) EPS.

Is Transocean a good dividend stock?

Transocean (NYSE:RIG) pays an annual dividend of $0.60 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for RIG.

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

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

What other stocks do shareholders of Transocean own?
Who are Transocean's major shareholders?

Transocean's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.42%), Capital World Investors (5.65%), Van ECK Associates Corp (2.08%), Senator Investment Group LP (0.92%), Kailix Advisors LLC (0.28%) and Simplex Trading LLC (0.00%). Insiders that own company stock include (Cyprus) Ltd Perestroika, Chad C Deaton, David A Tonnel, Frederik Wilhelm Mohn, Jack Sinclair, Keelan Adamson, Mark-Anthony Lovell Mey, Perestroika, Saint Victor Diane De, Vanessa C L Chang and W R Jr Stephens.
View institutional ownership trends
.

How do I buy shares of Transocean?

Shares of RIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Transocean have any subsidiaries?
The following companies are subsidiares of Transocean: 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, Arcade Drilling AS, Asie Sonat Offshore Sdn. Bhd., Barents Rigco Limited, Blegra Asset Management Limited, Blegra Financing Limited, Caledonia Offshore Drilling Services Limited, Challenger Minerals Inc., Covent Garden - Serviços e Marketing Sociedade Unipessoal Lda, Deepwater Drilling (Transocean Ghana) Limited, Deepwater Drilling North Africa LLC - Free Zone, Deepwater Pacific 1 Inc., Deepwater Supply Inc., Drillship Alonissos Owners Inc., Drillship Hydra Owners Inc., Drillship Kithira Owners Inc., Drillship Kythnos Owners Inc., Drillship Paros Owners Inc., Drillship Skiathos Owners Inc., Drillship Skopelos Owners Inc., Drillship Skyros Owners Inc., Eastern Med Consultants Inc., Entities Holdings Inc., GSF Leasing Services GmbH, Global Marine Inc., Global Offshore Drilling Limited, GlobalSantaFe (Labuan) Inc., GlobalSantaFe B.V., GlobalSantaFe C.R. Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) N.V., GlobalSantaFe Drilling Company, GlobalSantaFe Drilling Company (North Sea) Limited, GlobalSantaFe Drilling Company (Overseas) Limited, GlobalSantaFe Drilling Mexico S. de R.L. de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. de C.V., GlobalSantaFe Techserv (North Sea) Limited, GlobalSantaFe U.S. Holdings Inc., Indigo Drilling Limited, Inteliwell JV GP Limited, Inteliwell JV LP, Kalambo Operations Inc., OCR Falklands Drilling Inc., OR Norge Operations Inc., Ocean Rig, Ocean Rig 1 Inc, Ocean Rig 2 Inc., Ocean Rig Canada Inc., Ocean Rig Cuanza Operations Inc., Ocean Rig Cubango Operations Inc., Ocean Rig Deepwater Drilling Limited, Ocean Rig Investments Inc., Ocean Rig Management Inc., Ocean Rig Operations Inc., Ocean Rig UDW Inc., Ocean Rig UDW LLC, Offshore Ghana Transocean Limited, Offshore Rig Operations AS, Olympia Rig Angola Holding S.A., Olympia Rig Angola Limitada, Orion Holdings (Cayman) Limited, Orion RigCo (Cayman) Limited, P.T. Santa Fe Supraco Indonesia, PT. Transocean Indonesia, Platform Capital N.V., Platform Financial N.V., Primelead Limited, R&B Falcon (A) Pty Ltd, R&B Falcon (Caledonia) Limited, R&B Falcon (M) Sdn. Bhd., R&B Falcon (U.K.) Limited, R&B Falcon B.V., R&B Falcon Deepwater (UK) Limited, R&B Falcon Drilling Co. LLC, R&B Falcon Exploration Co. LLC, R&B Falcon International Energy Services B.V., RBF Rig Corporation LLC, Ranger Insurance Limited, Reading & Bates Coal Co. LLC, SDS Offshore Limited, Safemal Drilling Sdn. Bhd., Santa Fe Braun Inc., Santa Fe Construction Company, Santa Fe Drilling Company of Venezuela C.A., Saudi Drilling Company Limited, Sedco Forex International Inc., Services Petroliers Transocean, Servicios Petroleros Santa Fe S.A., Ship Investment Ocean Holdings Inc., Songa Offshore Delta Limited, Songa Offshore Drilling Limited, Songa Offshore Enabler Limited, Songa Offshore Encourage Limited, Songa Offshore Endurance Limited, Songa Offshore Equinox Limited, Songa Offshore Equipment Rental Limited, Songa Offshore Malaysia Sdn. Bhd., Songa Offshore Management Limited, Songa Offshore Pte. Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. Ltd., Spitsbergen Rigco Limited, Sub-Saharan Drilling Inc., T. I. International Mexico S. de R.L. de C.V., TILAM Holdings Limited, TRM Holdings Limited, TSSA - Servicos de Apoio Lda., Transocean Africa Drilling Limited, Transocean Asia Services Sdn Bhd, Transocean Asset Holdings 1 Limited, Transocean Asset Holdings 2 Limited, Transocean Asset Holdings 3 Limited, Transocean Atlas Limited, Transocean Barents ASA, Transocean Brasil Ltda., Transocean Britannia Limited, Transocean Canada Drilling Services Ltd., Transocean Conqueror Limited, Transocean Conqueror Opco LLC, Transocean Corporate Services Limited, Transocean Cyprus Capital Management Public Limited, Transocean Cyprus Drilling Operations Public Limited, Transocean Deepwater Drilling Services Limited, Transocean Deepwater Holdings Limited, Transocean Deepwater Inc., Transocean Deepwater Mauritius, Transocean Deepwater Nautilus Limited, Transocean Deepwater Seafarer Services Limited, Transocean Discoverer 534 LLC, Transocean Drilling Enterprises S.a.r.l., Transocean Drilling Israel Ltd., Transocean Drilling Limited, Transocean Drilling Namibia Inc., Transocean Drilling Offshore S.a.r.l., Transocean Drilling Sdn. Bhd., Transocean Drilling Services (India) Private Limited, Transocean Drilling U.K. Limited, Transocean Eastern Pte. Ltd., Transocean Employee Support Fund, Transocean Enabler Limited, Transocean Enabler Rigco Limited, Transocean Encourage Limited, Transocean Encourage Rigco Limited, Transocean Endurance Limited, Transocean Endurance Rigco Limited, Transocean Entities Holdings GmbH, Transocean Equinox Limited, Transocean Equinox Rigco Limited, Transocean Finance Limited, Transocean Financing (Cayman) Limited, Transocean Financing GmbH, Transocean Guardian Limited, Transocean Holdings 1 Limited, Transocean Holdings 2 Limited, Transocean Holdings 3 Limited, Transocean Holdings LLC, Transocean Hungary Holdings LLC, Transocean Hungary Investments LLC, Transocean Hungary Ventures LLC, Transocean Inc., Transocean Innovation Labs Ltd., Transocean International Holdings Limited, Transocean International Resources Limited, Transocean Investimentos Ltda., Transocean Investments Holdings LLC, Transocean Investments S.a.r.l., Transocean Ltd., Transocean Management Services GmbH, Transocean Minerals Holdings Limited, Transocean Nautilus Limited, Transocean North Sea Limited, Transocean Norway Operations AS, Transocean Offshore (North Sea) Ltd., Transocean Offshore Canada Services Ltd., Transocean Offshore Deepwater Drilling Inc., Transocean Offshore Deepwater Holdings Limited, Transocean Offshore Drilling Limited, Transocean Offshore Gulf of Guinea II Limited, Transocean Offshore Gulf of Guinea VI Limited, Transocean Offshore Gulf of Guinea VII Limited, Transocean Offshore Gulf of Guinea XII Limited, Transocean Offshore Gulf of Guinea XIII Limited, Transocean Offshore Holdings Limited, Transocean Offshore International Limited, Transocean Offshore International Ventures Limited, Transocean Offshore Limited, Transocean Offshore PR Limited, Transocean Offshore USA Inc., Transocean Onshore Support Services Limited, Transocean Orion Limited, Transocean Phoenix 2 Limited, Transocean Phoenix 2 Opco LLC, Transocean Pontus Limited, Transocean Pontus Opco Inc., Transocean Poseidon Limited, Transocean Poseidon Opco Inc., Transocean Proteus Limited, Transocean Proteus Opco LLC, Transocean Quantum Holdings Limited, Transocean Quantum Management Limited, Transocean Quantum Rig Holdings Limited, Transocean Quantum Sentry Holdings Limited, Transocean Rig 140 Limited, Transocean Rig Management Limited, Transocean SPSF Holdings Limited, Transocean Sedco Forex Ventures Limited, Transocean Sentry Limited, Transocean Services (India) Private Limited, Transocean Services AS, Transocean Services UK Limited, Transocean Skyros Limited, Transocean Spitsbergen ASA, Transocean Sub Asset Holdings 1 Limited, Transocean Sub Asset Holdings 2 Limited, Transocean Sub Asset Holdings 3 Limited, Transocean Support Services Limited, Transocean Support Services Nigeria Limited, Transocean Support Services Private Limited, Transocean Technical Services Egypt LLC, Transocean U.S. Holdings LLC, Transocean UK Limited, Transocean Voyager 1 Limited, Transocean Voyager 2 Limited, Transocean West Africa Holdings Limited, Transocean Worldwide Inc., Triton Asset Leasing GmbH, Triton Capital I GmbH, Triton Capital II GmbH, Triton Capital Mexico GmbH, Triton Conqueror GmbH, Triton Corcovado LLC, Triton Financing LLC, Triton Gemini GmbH, Triton Holdings Limited, Triton Hungary Asset Management LLC, Triton Hungary Investments 1 Limited Liability Company, Triton Industries Inc., Triton KG2 GmbH, Triton Management Services LLC, Triton Mykonos LLC, Triton Nautilus Asset Leasing GmbH, Triton Nautilus Asset Management LLC, Triton Offshore Leasing Services Limited, Triton Pacific Limited, Triton Poseidon GmbH, Triton Voyager Asset Leasing GmbH, and Wilrig Offshore (UK) Limited.
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This page (NYSE:RIG) was last updated on 5/24/2024 by MarketBeat.com Staff

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