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Transocean Stock Price, News & Analysis (NYSE:RIG)

$4.77
+0.19 (+4.15 %)
(As of 10/23/2019 05:50 AM ET)
Today's Range
$4.45
Now: $4.77
$4.82
50-Day Range
$4.05
MA: $4.93
$6.59
52-Week Range
$3.76
Now: $4.77
$11.70
Volume17.34 million shs
Average Volume16.65 million shs
Market Capitalization$2.92 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.81
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. Read More…

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$3.02 billion
Cash Flow$0.97 per share
Book Value$21.51 per share

Profitability

Net Income$-1,996,000,000.00

Miscellaneous

Employees6,700
Market Cap$2.92 billion
Next Earnings Date10/28/2019 (Confirmed)
OptionableOptionable

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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 quarterly earnings results on Monday, July, 29th. The offshore drilling services provider reported ($0.34) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.34). The offshore drilling services provider earned $758 million during the quarter, compared to analyst estimates of $765.81 million. Transocean had a negative return on equity of 4.18% and a negative net margin of 33.49%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) 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, October 28th 2019. View Earnings Estimates for Transocean.

How can I listen to Transocean's earnings call?

Transocean will be holding an earnings conference call on Monday, October 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for RIG?

13 brokerages have issued twelve-month price objectives for Transocean's stock. Their forecasts range from $6.50 to $14.00. On average, they anticipate Transocean's stock price to reach $9.32 in the next twelve months. This suggests a possible upside of 95.3% from the stock's current price. View Analyst Price Targets for Transocean.

What is the consensus analysts' recommendation for Transocean?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 1 sell rating, 6 hold ratings and 6 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 trended very negative on Wednesday, according to InfoTrie. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Transocean earned a news sentiment score of -3.8 on InfoTrie's scale. They also gave media stories about the offshore drilling services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Transocean.

Are investors shorting Transocean?

Transocean saw a decline in short interest during the month of September. As of September 30th, there was short interest totalling 62,410,000 shares, a decline of 9.6% from the August 30th total of 69,030,000 shares. Based on an average daily trading volume, of 21,280,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 11.0% of the company's shares 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 folowing 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)

Who are Transocean's major shareholders?

Transocean's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Manning & Napier Group LLC (0.89%), Commerzbank Aktiengesellschaft FI (0.34%), Robeco Institutional Asset Management B.V. (0.18%), Foundation Resource Management Inc. (0.09%), Pacer Advisors Inc. (0.03%) and State of Michigan Retirement System (0.03%). Company insiders that own Transocean stock include Chad C Deaton, 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 Robeco Institutional Asset Management B.V., CenturyLink Investment Management Co, Oakbrook Investments LLC, Foundation Resource Management Inc., Enlightenment Research LLC, Coastal Investment Advisors Inc. and Nwam LLC. 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 Manning & Napier Group LLC, Pacer Advisors Inc., Commerzbank Aktiengesellschaft FI, Cerebellum GP LLC, State of Alaska Department of Revenue, Cerebellum GP LLC, State of Michigan Retirement System and Ballentine Partners LLC. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, 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, Robinhood, Fidelity and Charles Schwab.

What is Transocean's stock price today?

One share of RIG stock can currently be purchased for approximately $4.77.

How big of a company is Transocean?

Transocean has a market capitalization of $2.92 billion and generates $3.02 billion in revenue each year. The offshore drilling services provider earns $-1,996,000,000.00 in net income (profit) each year or ($0.79) on an earnings per share basis. Transocean employs 6,700 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:  847 (Vote Outperform)
Underperform Votes:  1,447 (Vote Underperform)
Total Votes:  2,294
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 10/23/2019 by MarketBeat.com Staff

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