Transocean Company Profile (NYSE:RIG)

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

Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Thursday, February, 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.55. The business earned $974 million during the quarter, compared to analysts' expectations of $785.52 million. Transocean had a positive return on equity of 2.20% and a negative net margin of 33.52%. View Transocean's Earnings History.

Transocean is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Transocean.

33 analysts have issued 12-month price targets for Transocean's stock. Their forecasts range from $7.00 to $21.00. On average, they anticipate Transocean's share price to reach $12.23 in the next year. View Analyst Ratings for Transocean.

Here are some recent quotes from research analysts about Transocean stock:

• 1. According to Zacks Investment Research, "Despite a difficult operating environment, Transocean has maintained its excellent track record of earnings surprise history, beating estimates in the last 15 quarters. As it is, we are a fan of Transocean's technologically advanced and versatile drilling fleet, strong backlog and considerable pricing power. With the market for offshore rigs unlikely to turn around anytime soon, the company has been selling/stacking older rigs as well as investing in high-specification rigs in order to improve the quality of its fleet. We also appreciate the agressive cost cut initiatives the company is undertaking to shore up its financials. Strong liquidity and managable leverage gives it enough financial flexibility to make acquisitions ang grow internally . All these factors account for our bullish stance on the prospects of the stock." (8/2/2017)
• 2. Jefferies Group LLC analysts commented, "Our time with management suggested that RIG sees a tougher path ahead towards pricing recovery for jackups than for floaters and that RIG is keen to have the flexibility to pursue floater deals; combined, these views were the impetus for the Borr deal. On M&A, we sensed more of an interest in niche assets (harsh environment) and/or smaller companies and in particular those with leverage to niche markets. We tweak our model for the Borr transaction." (3/21/2017)
• 3. Evercore ISI analysts commented, "We noted in our Recap and Weekly that Borr Drilling was reportedly interested in purchasing Transocean's jackup fleet. According to Tradewinds, the Norwegian startup is "closing in" on a $1.2 billion deal to acquire a fleet of 15 RIG jackups. The potential transaction would entail Transocean's entire active fleet of 10 high-specification jack-ups, plus another five newbuilds under construction at Singapore's Keppel FELS, for a total price of $1.2 billion. Another $1.125 billion is due on the five newbuilds, which would be assumed by Borr Drilling as these rigs have been deferred until 2020. Excluding the $290 million already paid for these newbuilds, the reported purchase price averages to $120 million per jackup and is well above our Bull Case estimate of $96 million and IHS-Petrodata's $80 million estimate for >=350' IC modern jackups. Half of Transocean's active jackup fleet is currently stacked while the other half is contracted for 38 rig months (average 7.6 months per rig) for $172 million in backlog (only 1.5% of RIG's total $11.3 billion)." (3/13/2017)
• 4. Instinet analysts commented, ". RIG's 4Q results were a step in the right direction in terms of further lowering operating costs and delivering effective performance as fleet-wide revenue efficiency was 100%+. RIG was also proactive in the quarter with respect to its balance sheet, raising $1.25bn+ in cash through secured debt offerings on two of its drillships contracted with Shellthe Deepwater Thalassa and the Deepwater Proteus. While RIG still has the biggest 2020 cash shortfall among the drillers according to our cash flow bridges, RIG has the most levers to pull in terms of extending its liquidity runway by raising additional capital through continued secured debt offerings, or extending the timing of its remaining newbuild payments." (2/27/2017)

Transocean saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 80,421,954 shares, an increase of 18.1% from the August 15th total of 68,112,016 shares. Based on an average trading volume of 14,629,523 shares, the days-to-cover ratio is currently 5.5 days. Approximately 20.6% of the shares of the company are short sold.

Some companies that are related to Transocean include Helmerich & Payne (HP), Patterson-UTI Energy (PTEN), Nabors Industries (NBR), Diamond Offshore Drilling (DO), Ensco Plc (ESV), Rowan Companies PLC (RDC), Precision Drilling Corporation (PDS), Atwood Oceanics (ATW), Mammooth Energy (TUSK), Seadrill Limited (SDRL), Seadrill Ltd (SDRL), Pioneer Energy Services Corp. (PES), Parker Drilling Company (PKD), Pacific Drilling S.A. (PACD), Pioneer Energy Services Corp (PDC) and Transocean Partners LLC (RIGP).

Transocean's management team includes the folowing people:

• Merrill A. Miller Jr., Independent Chairman of the Board
• Jeremy D. Thigpen, President, Chief Executive Officer, Director
• Mark-Anthony L. Mey, Chief Financial Officer, Executive Vice President
• John B. Stobart, Chief Operating Officer, Executive Vice President
• Howard E. Davis, Executive Vice President, Chief Administrative Officer, Chief Information Officer
• Brady K. Long, Senior Vice President, General Counsel
• David A. Tonnel, Senior Vice President, Supply Chain and Corporate Controller
• Terry B. Bonno, Senior Vice President - Industry and Community Relations
• Glyn A. Barker, Independent Director
• Vanessa Chee Ling Chang, Independent Director

Transocean's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.74%), BlackRock Inc. (6.53%), State Street Corp (5.86%), Dimensional Fund Advisors LP (3.22%), Contrarius Investment Management Ltd (2.49%) and Thompson Siegel & Walmsley LLC (1.61%). Company insiders that own Transocean stock include David A Tonnel, Howard E Davis, Lars Sjobring and Vanessa C L Chang. View Institutional Ownership Trends for Transocean.

Transocean's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Cornerstone Capital Management Holdings LLC., Renaissance Technologies LLC, Numeric Investors LLC, LSV Asset Management, First Trust Advisors LP, KBC Group NV and Northern Trust Corp. View Insider Buying and Selling for Transocean.

Transocean's stock was bought by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, Thompson Siegel & Walmsley LLC, BlackRock Inc., Marshall Wace LLP, State Street Corp, Van ECK Associates Corp, PDT Partners LLC and Prudential Financial Inc.. Company insiders that have bought Transocean stock in the last two years include Howard E Davis and Vanessa C L Chang. View Insider Buying and Selling for Transocean.

Shares of Transocean can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Transocean stock can currently be purchased for approximately $9.77.