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NYSE:RIG

Transocean Stock Forecast, Price & News

$4.26
+0.16 (+3.90 %)
(As of 03/5/2021 12:00 AM ET)
Add
Compare
Today's Range
$3.85
Now: $4.26
$4.34
50-Day Range
$2.68
MA: $3.39
$4.10
52-Week Range
$0.65
Now: $4.26
$4.34
Volume46.18 million shs
Average Volume34.22 million shs
Market Capitalization$2.62 billion
P/E RatioN/A
Dividend YieldN/A
Beta3.75
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its drilling rigs, related equipment, and work crews to drill oil and gas wells. As of October 27, 2020, the company owned or had partial ownership interests in and operated 38 mobile offshore drilling units, including 27 ultra-deepwater floaters and 11 harsh environment floaters. It serves integrated oil companies, government-owned or government-controlled oil companies, and other independent oil companies. The company is based in Steinhausen, Switzerland.
Transocean logo

Headlines

Transocean (RIG) Q4 Loss Wider Than Expected, Sales Miss
February 26, 2021 |  finance.yahoo.com
Why Transocean Stock Tanked 10% at the Open Today
February 23, 2021 |  finance.yahoo.com
Recap: Transocean Q4 Earnings - Yahoo Finance
February 22, 2021 |  finance.yahoo.com
Recap: Transocean Q4 Earnings
February 22, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
CUSIPN/A
Phone41-41-749-0500
Employees5,900
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$0.33 per share
Book Value$19.40 per share

Profitability

Net Income$-1,255,000,000.00

Miscellaneous

Market Cap$2.62 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

0.83 out of 5 stars

Oils/Energy Sector

335th out of 668 stocks

Drilling Oil & Gas Wells Industry

15th out of 36 stocks

Analyst Opinion: 0.9Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
$4.26
+0.16 (+3.90 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Transocean (NYSE:RIG) Frequently Asked Questions

Is Transocean a buy right now?

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.

What stocks does MarketBeat like better than Transocean?

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.
View MarketBeat's top stock picks here.

Are investors shorting Transocean?

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
.

When is Transocean's next earnings date?

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

How were Transocean's earnings last quarter?

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
.

How has Transocean's stock been impacted by COVID-19?

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.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for RIG?

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.

Who are Transocean's key executives?

Transocean's management team includes the following people:
  • Mr. Jeremy D. Thigpen, Pres, CEO & Exec. Director (Age 46, Pay $2.99M)
  • Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 58, Pay $1.82M)
  • Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 51, Pay $1.34M)
  • Mr. Howard E. Davis, Exec. VP, Chief Admin. Officer & Chief Information Officer (Age 62, Pay $1.24M)
  • Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 48, Pay $1.24M)
  • Mr. David A. Tonnel, Sr. VP & Chief Accounting Officer (Age 51)
  • Mr. Robert Thaddeus Vayda, VP of Corp. Fin. & Treasurer
  • Mr. Roddie Mackenzie, Sr. VP of Marketing, Innovation & Industry Relations
  • Ms. Janelle Daniel, VP of HR, Community Relations & Sustainability
  • Mr. Jason B. Pack, VP & Chief Audit Exec.

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?

What other stocks do shareholders of Transocean own?

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 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
.

Which institutional investors are selling Transocean stock?

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.

Which institutional investors are buying Transocean stock?

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.

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.
Compare Top Brokerages Here.

What is Transocean's stock price today?

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

How much money does Transocean make?

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.

How many employees does Transocean have?

Transocean employs 5,900 workers across the globe.

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 41-41-749-0500 or via email at [email protected]


This page was last updated on 3/5/2021 by MarketBeat.com Staff

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