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NYSE:RIG - Transocean Stock Price, Forecast & News

$1.17
-0.17 (-12.69 %)
(As of 03/29/2020 05:49 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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RIG shares have 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 earnings results on Monday, February, 17th. The offshore drilling services provider reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of ($0.30) by $0.13. The offshore drilling services provider had revenue of $792 million for the quarter, compared to the consensus estimate 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 last year, the company posted ($0.34) earnings per share. View Transocean's earnings history.

What price target have analysts set for RIG?

20 equities research analysts have issued 1 year target prices for Transocean's stock. Their forecasts range from $1.25 to $13.00. On average, they expect Transocean's share price to reach $5.25 in the next year. 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?

News coverage about RIG stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Transocean earned a daily sentiment score of 1.2 on InfoTrie's scale. They also gave media stories about the offshore drilling services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutTransocean.

Are investors shorting Transocean?

Transocean saw a increase in short interest in 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 trading volume, of 19,990,000 shares, the short-interest ratio is presently 4.9 days. Currently, 17.2% of the shares of the stock are short sold. 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 a number of retail and institutional 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 institutional 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 institutional 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:  883 (Thanks for Voting!)
Underperform Votes:  1,577 (Thanks for Voting!)
Total Votes:  2,460
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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