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NYSE:RIG - Transocean Stock Price, Forecast & News

$1.17
-0.17 (-12.69 %)
(As of 03/29/2020 02:54 AM ET)
Today's Range
$1.16
Now: $1.17
$1.24
50-Day Range
$1.04
MA: $2.98
$4.83
52-Week Range
$1.01
Now: $1.17
$9.79
Volume23.18 million shs
Average Volume34.90 million shs
Market Capitalization$716.71 million
P/E RatioN/A
Dividend YieldN/A
Beta2.15
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers drilling rigs, related equipment, and work crews; and ultra-deepwater and harsh environment drilling services. As of February 18, 2019, it owned or had partial ownership interests in, and operated 48 mobile offshore drilling units that consist of 31 ultra-deepwater floaters, 13 harsh environment floaters, and 4 midwater floaters. The company serves integrated oil companies or their affiliates, as well as government-controlled oil companies and independent oil companies. Transocean Ltd. was founded in 1953 and is based in Steinhausen, Switzerland.
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Transocean logo

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone41-41-749-0500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$0.22 per share
Book Value$19.40 per share

Profitability

Net Income$-1,255,000,000.00

Miscellaneous

Employees6,600
Market Cap$716.71 million
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Transocean (NYSE:RIG) Frequently Asked Questions

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

Transocean's stock was trading at $1.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RIG stock has decreased by 14.0% and is now trading at $1.17. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Transocean?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 5 sell ratings, 9 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Transocean.

When is Transocean's next earnings date?

Transocean is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Transocean.

How were Transocean's earnings last quarter?

Transocean LTD (NYSE:RIG) issued its quarterly earnings data on Monday, February, 17th. The offshore drilling services provider reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.30) by $0.13. The offshore drilling services provider had revenue of $792 million for the quarter, compared to analyst estimates of $821.29 million. Transocean had a negative return on equity of 7.16% and a negative net margin of 40.64%. During the same period in the previous year, the firm posted ($0.34) EPS. View Transocean's earnings history.

What price target have analysts set for RIG?

20 brokers have issued 1 year price targets for Transocean's stock. Their forecasts range from $1.25 to $13.00. On average, they anticipate Transocean's stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 349.0% from the stock's current price. View analysts' price targets for Transocean.

Has Transocean been receiving favorable news coverage?

Press coverage about RIG stock has trended negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Transocean earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned news headlines about the offshore drilling services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutTransocean.

Are investors shorting Transocean?

Transocean saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 98,191,700 shares, an increase of 28.3% from the February 27th total of 76,540,000 shares. Based on an average daily volume of 19,990,000 shares, the short-interest ratio is presently 4.9 days. Approximately 17.2% of the company's shares are sold short. View Transocean's Current Options Chain.

Who are some of Transocean's key competitors?

What other stocks do shareholders of Transocean own?

Who are Transocean's key executives?

Transocean's management team includes the following people:
  • Mr. Jeremy D. Thigpen, Pres, CEO & Exec. Director (Age 44)
  • Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 56)
  • Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 50)
  • Mr. Howard E. Davis, Exec. VP and Chief Admin. Officer & Information Officer (Age 60)
  • Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 46)

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 institutional and retail investors. Top institutional investors include Contrarius Investment Management Ltd (4.27%), State Street Corp (2.41%), FMR LLC (1.58%), Van ECK Associates Corp (1.30%), Norges Bank (1.07%) and Geode Capital Management LLC (1.04%). 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 major investors are selling Transocean stock?

RIG stock was sold by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Oxford Asset Management LLP, Nuveen Asset Management LLC, Commerzbank Aktiengesellschaft FI, Marshall Wace North America L.P., Manning & Napier Group LLC, Penn Capital Management Co. Inc., and Brookfield Asset Management Inc.. View insider buying and selling activity for Transocean.

Which major investors are buying Transocean stock?

RIG stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Contrarius Investment Management Ltd, Asia Research & Capital Management Ltd, Madison Asset Management LLC, Majedie Asset Management Ltd, Marshall Wace LLP, AQR Capital Management LLC, and Van ECK Associates Corp. 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Transocean's stock price today?

One share of RIG stock can currently be purchased for approximately $1.17.

How big of a company is Transocean?

Transocean has a market capitalization of $716.71 million 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. Transocean employs 6,600 workers across the globe. View additional information about Transocean.

What is Transocean's official website?

The official website for Transocean is http://www.deepwater.com/.

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)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  882 (Thanks for Voting!)
Underperform Votes:  1,576 (Thanks for Voting!)
Total Votes:  2,458
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.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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