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
Stock Exchange NYSE
Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:RIG
CUSIPN/A
Phone41-41-749-0500
Debt
Debt-to-Equity Ratio0.63
Current Ratio1.49
Quick Ratio1.35
Price-To-Earnings
Trailing P/E Ratio-205.83
Forward P/E Ratio-14.53
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.97 billion
Price / Sales1.92
Cash Flow$1.8296 per share
Price / Cash6.75
Book Value$32.49 per share
Price / Book0.38
Profitability
EPS (Most Recent Fiscal Year)($0.06)
Net Income$-3,127,000,000.00
Net Margins-99.38%
Return on Equity-2.00%
Return on Assets-1.08%
Miscellaneous
Employees4,500
Outstanding Shares461,870,000
Market Cap$6.44 billion
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) posted its earnings results on Monday, July, 30th. The offshore drilling services provider reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.13. The offshore drilling services provider earned $790 million during the quarter, compared to analyst estimates of $768.68 million. Transocean had a negative net margin of 99.38% and a negative return on equity of 2.00%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. 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, October 30th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 3343230522.
What price target have analysts set for RIG?
20 equities research analysts have issued 12-month target prices for Transocean's shares. Their forecasts range from $8.00 to $18.00. On average, they anticipate Transocean's stock price to reach $13.7941 in the next year. This suggests a possible upside of 9.4% 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.
Are investors shorting Transocean?
Transocean saw a increase in short interest during the month of September. As of September 28th, there was short interest totalling 104,763,859 shares, an increase of 14.4% from the September 14th total of 91,585,258 shares. Based on an average trading volume of 19,529,523 shares, the days-to-cover ratio is presently 5.4 days. Currently, 24.5% of the shares of the company 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), Ensco (ESV), Ocean Rig UDW (ORIG), Diamond Offshore Drilling (DO), Rowan Companies (RDC), Nabors Industries (NBR), Noble (NE), Baytex Energy (BTE), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Seadrill Partners (SDLP), Key Energy Services (KEG), Pioneer Energy Services (PES) and Independence Contract Drilling (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. Howard E. Davis, Exec. VP, Chief Admin. Officer & Chief Information Officer (Age 59)
- Mr. Brady K. Long, Exec. VP, Gen. Counsel & Assistant Corp. Sec. (Age 45)
- Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 49)
Who are Transocean's major shareholders?
Transocean's stock is owned by many different of retail and institutional investors. Top institutional investors include Manning & Napier Group LLC (1.41%), Thompson Rubinstein Investment Management Inc. OR (0.03%), Nisa Investment Advisors LLC (0.02%), CenturyLink Investment Management Co (0.02%), Cascade Investment Advisors Inc. (0.01%) and Oliver Luxxe Assets LLC (0.01%). 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 institutional investors are selling Transocean stock?
RIG stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Private Asset Management Inc., CenturyLink Investment Management Co and Thompson Rubinstein Investment Management Inc. OR. View Insider Buying and Selling for Transocean.
Which institutional investors are buying Transocean stock?
RIG stock was acquired by a variety of institutional investors in the last quarter, including Oliver Luxxe Assets LLC, Nisa Investment Advisors LLC, Cascade Investment Advisors Inc. and MinichMacGregor Wealth Management LLC. 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 $12.61.
How big of a company is Transocean?
Transocean has a market capitalization of $6.44 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 4,500 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.
