NYSE:RIG - Transocean Stock Price, News, & Analysis

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$8.19 -0.04 (-0.49 %)
(As of 01/23/2019 04:00 PM ET)
Previous Close$8.23
Today's Range$8.05 - $8.38
52-Week Range$6.19 - $14.47
Volume9.78 million shs
Average Volume16.24 million shs
Market Capitalization$3.78 billion
P/E Ratio-136.50
Dividend YieldN/A
Beta1.68
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. As of February 20, 2018, it owned or had partial ownership interests in, and operated 47 mobile offshore drilling units that consist of 27 ultra-deepwater floaters, 12 harsh environment floaters, 2 deepwater floaters, 6 midwater floaters, and 2 high-specification jackups. The company serves government-controlled oil companies and independent oil companies. Transocean Ltd. was founded in 1953 and is based in Steinhausen, Switzerland.

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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$2.97 billion
Cash Flow$1.9136 per share
Book Value$32.49 per share

Profitability

Net Income$-3,127,000,000.00

Miscellaneous

Employees4,900
Market Cap$3.78 billion
OptionableOptionable

Transocean (NYSE:RIG) Frequently Asked Questions

What is Transocean's stock symbol?

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

How were Transocean's earnings last quarter?

Transocean LTD (NYSE:RIG) released its earnings results on Monday, October, 29th. The offshore drilling services provider reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.16. The offshore drilling services provider earned $816 million during the quarter, compared to analyst estimates of $779.19 million. Transocean had a negative return on equity of 2.31% and a negative net margin of 64.33%. Transocean's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. View Transocean's Earnings History.

When is Transocean's next earnings date?

Transocean is scheduled to release their next quarterly earnings announcement on Monday, February 18th 2019. View Earnings Estimates for Transocean.

What price target have analysts set for RIG?

20 analysts have issued 1-year price targets for Transocean's shares. Their forecasts range from $8.00 to $18.00. On average, they expect Transocean's share price to reach $13.70 in the next year. This suggests a possible upside of 67.3% from the stock's current price. View Analyst Price Targets for Transocean.

What is the consensus analysts' recommendation for Transocean?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 3 sell ratings, 5 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Transocean.

Has Transocean been receiving favorable news coverage?

News coverage about RIG stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Transocean earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave news headlines about the offshore drilling services provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the company's share price in the near term.

Are investors shorting Transocean?

Transocean saw a drop in short interest in December. As of December 31st, there was short interest totalling 60,737,233 shares, a drop of 9.9% from the December 14th total of 67,418,809 shares. Based on an average daily volume of 20,887,305 shares, the short-interest ratio is currently 2.9 days. Approximately 14.2% of the company's shares are sold short. View Transocean's Current Options Chain.

Who are some of Transocean's key competitors?

Who are Transocean's key executives?

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

Who are Transocean's major shareholders?

Transocean's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Retirement Systems of Alabama (0.14%), F&V Capital Management LLC (0.11%), Granite Investment Advisors LLC (0.08%), Foundation Resource Management Inc. (0.04%), Louisiana State Employees Retirement System (0.03%) and Thompson Rubinstein Investment Management Inc. OR (0.02%). Company insiders that own Transocean stock include David A Tonnel, Frederik Wilhelm Mohn, 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 Ferguson Wellman Capital Management Inc., Granite Investment Advisors LLC, James Investment Research Inc., Foundation Resource Management Inc., Thompson Rubinstein Investment Management Inc. OR, CenturyLink Investment Management Co, Ipswich Investment Management Co. Inc. and Private Asset Management Inc.. Company insiders that have sold Transocean company stock in the last year include David A Tonnel and Howard E Davis. View Insider Buying and Selling for Transocean.

Which institutional investors are buying Transocean stock?

RIG stock was acquired by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Virtu Financial LLC, Gateway Investment Advisers LLC, Cedar Wealth Management LLC, Louisiana State Employees Retirement System, Diversified Investment Strategies LLC, F&V Capital Management LLC and Strs Ohio. Company insiders that have bought Transocean stock in the last two years include Frederik Wilhelm Mohn, Howard E Davis, Vanessa C L Chang and Vincent J Intrieri. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Transocean's stock price today?

One share of RIG stock can currently be purchased for approximately $8.19.

How big of a company is Transocean?

Transocean has a market capitalization of $3.78 billion and generates $2.97 billion in revenue each year. The offshore drilling services provider earns $-3,127,000,000.00 in net income (profit) each year or ($0.06) on an earnings per share basis. Transocean employs 4,900 workers across the globe.

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:  1.9 out of 5 (star)
Outperform Votes:  787 (Vote Outperform)
Underperform Votes:  1,325 (Vote Underperform)
Total Votes:  2,112
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 1/23/2019 by MarketBeat.com Staff

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