Transocean Company Profile (NYSE:RIG)

About Transocean

Transocean logoTransocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company operates through the contract drilling services segment. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Its mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services across the world. The Company owns or has partial ownership interests in and operates over 60 mobile offshore drilling , including approximately 30 ultra‑deepwater floaters, over seven harsh environment floaters, over five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: RIG
  • CUSIP:
Key Metrics:
  • Previous Close: $13.47
  • 50 Day Moving Average: $14.43
  • 200 Day Moving Average: $11.97
  • 52-Week Range: $7.66 - $16.66
  • Trailing P/E Ratio: 4.20
  • Foreward P/E Ratio: -30.18
  • P/E Growth: -0.15
  • Market Cap: $4.85B
  • Outstanding Shares: 365,490,000
  • Beta: 1.87
Profitability:
  • Net Margins: 23.14%
  • Return on Equity: 6.80%
  • Return on Assets: 3.92%
Debt:
  • Debt-to-Equity Ratio: 0.47%
  • Current Ratio: 1.95%
  • Quick Ratio: 1.69%
Additional Links:
Companies Related to Transocean:

Analyst Ratings

Consensus Ratings for Transocean (NYSE:RIG) (?)
Ratings Breakdown: 12 Sell Ratings, 11 Hold Ratings, 9 Buy Ratings
Consensus Rating:Hold (Score: 1.91)
Consensus Price Target: $13.01 (2.07% downside)

Analysts' Ratings History for Transocean (NYSE:RIG)
Show:
DateFirmActionRatingPrice TargetDetails
2/10/2017Clarkson CapitalReiterated RatingNeutral$15.00View Rating Details
2/9/2017R. F. LaffertyInitiated CoverageBuy$21.00View Rating Details
2/3/2017Credit Suisse GroupUpgradeNeutral -> Outperform$18.00 -> $12.85View Rating Details
2/2/2017RBC Capital MarketsReiterated RatingUnderperform$17.00 -> $15.00View Rating Details
2/2/2017Morgan StanleyDowngradeEqual Weight -> Underweight$13.94 -> $13.99View Rating Details
1/30/2017Jefferies Group LLCBoost Price TargetHold$11.00 -> $15.00View Rating Details
1/25/2017Piper Jaffray CompaniesUpgradeUnderweight -> Neutral$13.70View Rating Details
1/24/2017Canaccord GenuityReiterated RatingBuy$17.00View Rating Details
1/12/2017BMO Capital MarketsSet Price TargetSell$10.00View Rating Details
1/9/2017Bank of America CorpDowngradeBuy -> Underperform$13.00 -> $16.00View Rating Details
1/6/2017Iberia CapitalInitiated CoverageSector Perform$15.00View Rating Details
12/27/2016Zephirin GroupReiterated RatingBuy$14.00 -> $16.00View Rating Details
12/19/2016Evercore ISIReiterated RatingHold -> Buy$18.00View Rating Details
12/16/2016Royal Bank Of CanadaDowngradeSector Perform -> Underperform$11.00 -> $17.00View Rating Details
12/13/2016Capital One Financial CorporationUpgradeUnderweight -> Equal WeightView Rating Details
12/1/2016Sanford C. BernsteinInitiated CoverageOutperform$15.50View Rating Details
11/30/2016KeyCorpReiterated RatingHoldView Rating Details
11/4/2016Citigroup Inc.Reiterated RatingNeutralView Rating Details
10/4/2016ScotiabankUpgradeSector Perform -> Sector Outperform$12.00 -> $14.00View Rating Details
10/4/2016Howard WeilUpgradeSector Perform -> Sector Outperform$12.00 -> $14.00View Rating Details
9/30/2016ArgusReiterated RatingHoldView Rating Details
9/26/2016NomuraReiterated RatingSell$7.00View Rating Details
9/23/2016Goldman Sachs Group, Inc. (The)Reiterated RatingSellView Rating Details
8/5/2016J P Morgan Chase & CoSet Price TargetSell$8.00 -> $9.00View Rating Details
8/5/2016SimmonsBoost Price TargetUnderweight$2.50 -> $4.65View Rating Details
8/5/2016Susquehanna Bancshares IncUpgradeNegative -> Neutral$10.00 -> $11.00View Rating Details
7/18/2016Wells Fargo & CompanyUpgradeUnderperform -> Market Perform$12.15 -> $12.22View Rating Details
7/11/2016Seaport Global SecuritiesDowngradeNeutral -> Sell$10.00View Rating Details
6/15/2016KLR GroupReiterated RatingBuy$19.00View Rating Details
3/28/2016Barclays PLCLower Price TargetUnderweight$6.00 -> $5.00View Rating Details
3/21/2016Cowen and CompanyLower Price Target$12.00 -> $9.00View Rating Details
3/12/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
2/23/2016Fearnley FondsDowngradeAccumulate -> ReduceView Rating Details
12/3/2015Raymond James Financial, Inc.DowngradeMarket Perform -> UnderperformView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$17.00View Rating Details
8/7/2015S&P Equity ResearchReiterated RatingHold$14.00View Rating Details
4/22/2015Edward JonesDowngradeHold -> SellView Rating Details
(Data available from 2/23/2015 forward)

Earnings

Earnings History for Transocean (NYSE:RIG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/22/2017        
8/3/2016Q2($0.01)$0.17$943.00 millionViewListenView Earnings Details
5/4/2016Q1$0.29$0.69$1.14 billion$1.34 billionViewListenView Earnings Details
2/24/2016Q4$0.73$1.68$1.44 billion$1.85 billionViewListenView Earnings Details
11/4/2015Q3$0.68$0.87$1.59 billion$1.61 billionViewListenView Earnings Details
8/5/2015Q2$0.50$1.11$1.70 billion$1.88 billionViewListenView Earnings Details
5/6/2015Q115$0.60$1.10$1.91 billion$2.04 billionViewListenView Earnings Details
2/25/2015Q414$0.77$0.95$2.10 billionViewListenView Earnings Details
11/10/2014Q314$0.82($6.12)$2.19 billion$2.27 billionViewListenView Earnings Details
8/6/2014Q214$1.12$1.61$2.27 billion$2.33 billionViewListenView Earnings Details
5/7/2014Q114$1.03$1.43$2.27 billion$2.34 billionViewListenView Earnings Details
2/26/2014Q413$1.18$0.73$2.36 billion$2.33 billionViewListenView Earnings Details
11/7/2013Q313$1.18$1.37$2.49 billion$2.56 billionViewListenView Earnings Details
8/7/2013Q2 2013$1.08$1.08$2.40 billion$2.40 billionViewListenView Earnings Details
5/8/2013Q1 2013$1.01$0.93$2.35 billion$2.20 billionViewListenView Earnings Details
3/4/2013Q4 2012$0.80$0.91$2.37 billion$2.33 billionViewListenView Earnings Details
11/5/2012Q312$0.77$1.37$2.54 billion$2.70 billionViewN/AView Earnings Details
8/1/2012$0.45$0.72ViewN/AView Earnings Details
5/2/2012$0.34$0.12ViewN/AView Earnings Details
11/2/2011$0.82($0.20)ViewN/AView Earnings Details
8/3/2011$0.87$0.65ViewN/AView Earnings Details
5/5/2011$0.80$0.96ViewN/AView Earnings Details
2/23/2011$0.89$0.83ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Transocean (NYSE:RIG)
Current Year EPS Consensus Estimate: $1.14 EPS
Next Year EPS Consensus Estimate: $-0.44 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 201610$0.18$0.44$0.29
Q2 20169($0.26)$0.02($0.08)
Q3 20168($0.30)$0.17($0.08)
Q4 20165$0.02$0.15$0.09
Q1 20173($0.06)($0.01)($0.03)
Q2 20173($0.04)$0.04($0.01)
Q3 20173($0.16)($0.04)($0.09)
Q4 20173($0.23)($0.10)($0.16)
Q1 20181($0.23)($0.23)($0.23)
Q2 20181($0.20)($0.20)($0.20)
Q3 20181($0.21)($0.21)($0.21)
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Transocean (NYSE:RIG)
Annual Dividend:$0.00
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Based on Trailing 12 Months of Earnings)
0.00% (Based on Current Year Consensus EPS Estimate)
0.00% (Based on Next Year Consensus EPS Estimate)
Track Record:4 Years of Consecutive Dividend Growth

Dividend History for Transocean (NYSE:RIG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/14/2015$0.158/21/20158/25/20159/23/2015
5/18/2015$0.155/27/20155/29/20156/17/2015
2/6/2015$0.752/18/20152/20/20153/18/2015
11/4/2014$0.7511/12/201411/14/201412/17/2014
8/12/2014$0.758/20/20148/22/20149/17/2014
5/20/2014$0.755/28/20145/30/20146/18/2014
2/10/2014$0.562/19/20142/21/20143/19/2014
11/5/2013$0.5611/13/201311/15/201312/18/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Transocean (NYSE:RIG)
Insider Ownership Percentage: 0.17%
Institutional Ownership Percentage: 63.84%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/23/2015Lars SjobringSVPSell5,324$14.40$76,665.60View SEC Filing  
9/2/2015Vanessa C L ChangDirectorBuy1,500$13.50$20,250.00View SEC Filing  
12/1/2014Steven L NewmanCEOBuy9,800$20.41$200,018.00View SEC Filing  
9/5/2014David A TonnelSVPSell1,053$38.31$40,340.43View SEC Filing  
8/27/2014John B StobartCOOSell8,451$38.07$321,729.57View SEC Filing  
6/9/2014Edward R MullerDirectorSell1,816$42.75$77,634.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Transocean (NYSE:RIG)
DateHeadline
finance.yahoo.com logoWhy Transocean (RIG) Might Surprise This Earnings Season - Yahoo Finance (NYSE:RIG)
finance.yahoo.com - February 23 at 8:26 AM
nasdaq.com logoEarnings Reaction History: Transocean Ltd., 36.4% Follow-Through Indicator, 3.5% Sensitive - Nasdaq (NYSE:RIG)
www.nasdaq.com - February 23 at 8:26 AM
seekingalpha.com logoTransocean: Lack Of New Contracts Obscures Operating Performance - Seeking Alpha (NYSE:RIG)
seekingalpha.com - February 23 at 8:26 AM
finance.yahoo.com logoTransocean (RIG) Q4 Earnings Beat Despite Market Challenges (NYSE:RIG)
finance.yahoo.com - February 23 at 8:26 AM
biz.yahoo.com logoTRANSOCEAN LTD. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NYSE:RIG)
biz.yahoo.com - February 23 at 8:26 AM
nasdaq.com logoAgree To Buy Transocean At $5, Earn 6.8% Using Options (NYSE:RIG)
www.nasdaq.com - February 22 at 7:43 PM
baystreet.ca logoTransocean LTD (RIG) Down with Earnings to be Revaled (NYSE:RIG)
www.baystreet.ca - February 22 at 7:43 PM
News Icon5 Earnings Rеlеasеs Fоr Tоmоrrоw: TJX, RIG, JACK, SQ, MBLY (NYSE:RIG)
newscame.com - February 22 at 9:36 AM
marketexclusive.com logoTRANSOCEAN LTD. (NYSE:RIG) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year (NYSE:RIG)
marketexclusive.com - February 22 at 9:36 AM
News IconWhat are analysts saying about the future of Transocean Ltd’s (RIG) business? (NYSE:RIG)
simplywall.st - February 22 at 9:36 AM
marketrealist.com logoFor a Long Time, No Upgrade Has Come for Seadrill (NYSE:RIG)
marketrealist.com - February 22 at 9:36 AM
us.rd.yahoo.com logoWhy Transocean (RIG) Might Surprise This Earnings Season (NYSE:RIG)
us.rd.yahoo.com - February 21 at 5:19 PM
biz.yahoo.com logoTRANSOCEAN LTD. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statem (NYSE:RIG)
biz.yahoo.com - February 21 at 5:19 PM
News IconStages of an Oil Bull (NYSE:RIG)
www.energyandcapital.com - February 20 at 9:10 AM
marketrealist.com logoAnalysts Expect Transocean’s Earnings to Fall 16% (NYSE:RIG)
marketrealist.com - February 20 at 9:10 AM
News IconTransocean Ltd. (RIG) Sees Large Growth in Short Interest (NYSE:RIG)
mundoaguaysaneamiento.net - February 18 at 6:36 PM
nasdaq.com logoTransocean (RIG) to Post Q4 Earnings: Is a Beat in Store? - Nasdaq (NYSE:RIG)
www.nasdaq.com - February 18 at 8:18 AM
us.rd.yahoo.com logoIs the Options Market Predicting a Spike in Transocean (RIG) Stock? (NYSE:RIG)
us.rd.yahoo.com - February 17 at 7:55 PM
marketrealist.com logoAnalysts Project 43% Lower Revenue in 2016 for Transocean (NYSE:RIG)
marketrealist.com - February 17 at 7:55 PM
biz.yahoo.com logoTRANSOCEAN LTD. Files SEC form 8-K, Regulation FD Disclosure (NYSE:RIG)
biz.yahoo.com - February 16 at 7:11 PM
sbwire.com logoGlobal Offshore Drilling Rigs Market 2017 (NYSE:RIG)
www.sbwire.com - February 15 at 12:52 AM
marketnewsvideo.com logoGraco Larger Than S&P 500 Component Transocean (NYSE:RIG)
www.marketnewsvideo.com - February 15 at 12:52 AM
News IconTransocean Ltd. (NYSE:RIG) EPS Forecast Given As $-0.23 - Transcript Daily (NYSE:RIG)
transcriptdaily.com - February 13 at 8:45 AM
seekingalpha.com logoTransocean Report Portends A Very Long Winter - Seeking Alpha (NYSE:RIG)
seekingalpha.com - February 13 at 8:45 AM
seekingalpha.com logoTransocean: Is That All? - Seeking Alpha (NYSE:RIG)
seekingalpha.com - February 12 at 8:18 AM
streetinsider.com logoTransocean (RIG) Announces Fleet Status Report (NYSE:RIG)
www.streetinsider.com - February 10 at 4:24 AM
News IconTransocean Files 8K - Regulation FD (NYSE:RIG)
ih.advfn.com - February 10 at 4:24 AM
News IconOil Spills Fast Facts (NYSE:RIG)
www.kitv.com - February 9 at 11:23 PM
realistinvestor.com logoResearch Analysts Set Transocean Ltd. (NYSE:RIG) Price Target at $11.452 (NYSE:RIG)
www.realistinvestor.com - February 9 at 11:23 PM
finance.yahoo.com logoTransocean Ltd. Provides Quarterly Fleet Status Report (NYSE:RIG)
finance.yahoo.com - February 9 at 11:22 PM
finance.yahoo.com logo4:23 pm Transocean provides quarterly fleet status report; as of February 9, 2017, the co's contract backlog was $11.3 bln (NYSE:RIG)
finance.yahoo.com - February 9 at 11:22 PM
biz.yahoo.com logoTRANSOCEAN LTD. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:RIG)
biz.yahoo.com - February 9 at 11:22 PM
News IconShare Levels in Review for Transocean Ltd. (RIG) - Benton Bulletin (NYSE:RIG)
bentonbulletin.com - February 8 at 11:10 PM
thestreet.com logoOffshore Driller Transocean Could Be Heading for a Major Downturn (NYSE:RIG)
www.thestreet.com - February 8 at 11:10 PM
News IconThe Transocean LTD (RIG) Short Interest Update (NYSE:RIG)
xboxonezone.com - February 7 at 11:17 PM
bizjournals.com logoTransocean, Atwood Oceanics cut jobs on Gulf of Mexico rigs ... - Houston Business Journal (NYSE:RIG)
www.bizjournals.com - February 7 at 12:40 AM
bizjournals.com logoOffshore drilling companies cut about 200 Gulf of Mexico jobs (NYSE:RIG)
www.bizjournals.com - February 6 at 7:39 PM
News IconTransocean LTD (RIG) is Downgraded by Morgan Stanley to " Underweight" - Highland Mirror (NYSE:RIG)
www.highlandmirror.com - February 4 at 7:36 PM
News IconThe Stock In Focus – Transocean Ltd. (NYSE:RIG) - Transcript Daily (NYSE:RIG)
transcriptdaily.com - February 4 at 7:36 PM
finance.yahoo.com logoTransocean Ltd. Announces Fourth Quarter and Full Year 2016 Earnings Release Date (NYSE:RIG)
finance.yahoo.com - February 3 at 10:57 PM
us.rd.yahoo.com logoTransocean downgraded by Morgan Stanley (NYSE:RIG)
us.rd.yahoo.com - February 2 at 11:58 PM
marketnewsvideo.com logoAqua America Larger Than S&P 500 Component Transocean (NYSE:RIG)
www.marketnewsvideo.com - February 1 at 11:27 PM
News IconThe Transocean Ltd. (RIG) Stake Increased by BlackRock Advisors LLC (NYSE:RIG)
mlbinjurynews.com - February 1 at 11:27 PM
capitalcube.com logoTransocean Ltd. – Value Analysis (NYSE:RIG) : February 1, 2017 (NYSE:RIG)
us.rd.yahoo.com - February 1 at 11:27 PM
capitalcube.com logoTransocean Ltd. breached its 50 day moving average in a Bearish Manner : RIG-US : January 31, 2017 (NYSE:RIG)
us.rd.yahoo.com - January 31 at 9:56 PM
us.rd.yahoo.com logoOffshore Drilling Stocks Had Mixed Performances in January (NYSE:RIG)
us.rd.yahoo.com - January 31 at 9:56 PM
us.rd.yahoo.com logoThe Biggest Loser: Transocean Tumbles 7% (NYSE:RIG)
us.rd.yahoo.com - January 30 at 8:15 PM
News IconStock Volume Ratcheting Up Mid-Session For Transocean Ltd. (NYSE:RIG) (NYSE:RIG)
thecelebritytruth.com - January 29 at 12:41 AM
News IconABR Of Transocean Ltd. (NYSE:RIG) At 3.41 - Stock Observer (NYSE:RIG)
www.thestockobserver.com - January 28 at 7:40 PM
News IconSleepy Friday? Not For This Active Stock: Transocean Ltd. (NYSE:RIG) - Wall Street Beacon (NYSE:RIG)
wsbeacon.com - January 28 at 6:08 AM

Social

What is Transocean's stock symbol?

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

Where is Transocean's stock going? Where will Transocean's stock price be in 2017?

32 brokers have issued 1-year target prices for Transocean's shares. Their predictions range from $4.65 to $21.00. On average, they expect Transocean's stock price to reach $13.01 in the next twelve months.

When will Transocean announce their earnings?

Transocean is scheduled to release their next quarterly earnings announcement on Wednesday, February, 22nd 2017.

Who owns Transocean stock?

Transocean's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (5.39%), Dimensional Fund Advisors LP (3.04%), Van ECK Associates Corp (1.04%), Guggenheim Capital LLC (0.92%), Renaissance Technologies LLC (0.85%) and Thompson Siegel & Walmsley LLC (0.78%). Company insiders that own Transocean stock include Lars Sjobring and Vanessa C L Chang.

Who sold Transocean stock? Who is selling Transocean stock?

Transocean's stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Marshall Wace LLP, Van ECK Associates Corp, Aberdeen Asset Management PLC UK, Guggenheim Capital LLC, Barings LLC, Capstone Investment Advisors LLC and Janus Capital Management LLC.

Who bought Transocean stock? Who is buying Transocean stock?

Transocean's stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Thompson Siegel & Walmsley LLC, Numeric Investors LLC, Dimensional Fund Advisors LP, State Street Corp, Luminus Management LLC, Hanlon Investment Management Inc. and Allianz Asset Management AG.

How do I buy Transocean stock?

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.

How much does a share of Transocean stock cost?

One share of Transocean stock can currently be purchased for approximately $13.28.

Transocean (NYSE:RIG) Chart for Thursday, February, 23, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Transocean (NYSE:RIG)

Earnings History Chart

Earnings by Quarter for Transocean (NYSE:RIG)

Dividend History Chart

Dividend Payments by Quarter for Transocean (NYSE:RIG)

Last Updated on 2/23/2017 by MarketBeat.com Staff