S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NYSE:RIG

Transocean Stock Forecast, Price & News

$2.84
-0.08 (-2.74%)
(As of 12/3/2021 04:00 PM ET)
Add
Compare
Today's Range
$2.79
$3.02
50-Day Range
$2.84
$4.10
52-Week Range
$2.00
$5.13
Volume
16.67 million shs
Average Volume
22.75 million shs
Market Capitalization
$1.86 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
3.39
30 days | 90 days | 365 days | Advanced Chart
Receive RIG News and Ratings via Email

Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter.


Transocean logo

About Transocean

Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
N/A
Employees
4,820
Year Founded
1953

Sales & Book Value

Annual Sales
$3.15 billion
Cash Flow
$0.71 per share
Book Value
$17.19 per share

Profitability

Net Income
$-567 million
Pretax Margin
-12.84%

Debt

Price-To-Earnings

Miscellaneous

Free Float
574,943,000
Market Cap
$1.86 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/01/2021
Today
12/04/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/28/2022

Social Links


MarketRank

Overall MarketRank

1.79 out of 5 stars

Oils/Energy Sector

203rd out of 356 stocks

Drilling Oil & Gas Wells Industry

6th out of 17 stocks

Analyst Opinion: 1.8Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Transocean (NYSE:RIG) Frequently Asked Questions

Is Transocean a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last twelve months. There are currently 3 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Transocean stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RIG, but not buy additional shares or sell existing shares.
View analyst ratings for Transocean
or view top-rated stocks.

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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RIG stock has increased by 108.8% and is now trading at $2.84.
View which stocks have been most impacted by COVID-19
.

When is Transocean's next earnings date?

Transocean is scheduled to release its next quarterly earnings announcement on Monday, February 28th 2022.
View our earnings forecast for Transocean
.

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) posted its quarterly earnings results on Monday, November, 1st. The offshore drilling services provider reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by $0.03. The offshore drilling services provider earned $626 million during the quarter, compared to the consensus estimate of $659.16 million. Transocean had a negative net margin of 14.06% and a negative trailing twelve-month return on equity of 4.91%. Transocean's quarterly revenue was down 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) EPS.
View Transocean's earnings history
.

What price target have analysts set for RIG?

6 brokers have issued twelve-month price targets for Transocean's shares. Their forecasts range from $2.00 to $4.00. On average, they anticipate Transocean's share price to reach $3.20 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
View analysts' price targets for Transocean
or view top-rated stocks among Wall Street analysts.

Who are Transocean's key executives?

Transocean's management team includes the following people:
  • Jeremy D. Thigpen, President, CEO & Executive Director
  • Keelan I. Adamson, Chief Operating Officer & Executive Vice President
  • Mey Lovell Mark-Anthony, Chief Financial Officer & Executive Vice President
  • Howard E. Davis, Chief Administrative & Information Officer, EVP
  • Brady K. Long, Executive Vice President & General Counsel

What is Jeremy D. Thigpen's approval rating as Transocean's CEO?

57 employees have rated Transocean CEO Jeremy D. Thigpen on Glassdoor.com. Jeremy D. Thigpen has an approval rating of 60% among Transocean's employees. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Transocean own?

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 retail and institutional investors. Top institutional investors include Primecap Management Co. CA (7.31%), Van ECK Associates Corp (4.75%), Dimensional Fund Advisors LP (1.96%), Two Sigma Investments LP (1.87%), BlackRock Inc. (1.85%) and Two Sigma Advisers LP (1.74%). Company insiders that own Transocean stock include Chad C Deaton, David A Tonnel, Edward R Muller, Jack Sinclair, Perestroika, Saint Victor Diane De and W R Jr Stephens.
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 Van ECK Associates Corp, Dimensional Fund Advisors LP, Masters Capital Management LLC, BlackRock Inc., Lasry Marc, Key Square Capital Management LLC, Morgan Stanley, and Jump Financial LLC. Company insiders that have sold Transocean company stock in the last year include Jack Sinclair, and W R Jr Stephens.
View insider buying and selling activity for Transocean
or view top insider-selling stocks.

Which institutional investors are buying Transocean stock?

RIG stock was bought by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, Allianz Asset Management GmbH, Nordea Investment Management AB, Connor Clark & Lunn Investment Management Ltd., Two Sigma Advisers LP, Moore Capital Management LP, Credit Suisse AG, and American Century Companies Inc.. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, Edward R Muller, Perestroika, and Saint Victor Diane De.
View insider buying and selling activity for Transocean
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Transocean's stock price today?

One share of RIG stock can currently be purchased for approximately $2.84.

How much money does Transocean make?

Transocean has a market capitalization of $1.86 billion and generates $3.15 billion in revenue each year. The offshore drilling services provider earns $-567 million in net income (profit) each year or ($0.59) on an earnings per share basis.

How many employees does Transocean have?

Transocean employs 4,820 workers across the globe.

Does Transocean have any subsidiaries?

The following companies are subsidiares of Transocean: Ocean Rig.

When was Transocean founded?

Transocean was founded in 1953.

What is Transocean's official website?

The official website for Transocean is www.deepwater.com.

Where are Transocean's headquarters?

Transocean is headquartered at Turmstrasse30, Steinhausen V8, 6312.

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 (141) 479-0500, via email at [email protected], or via fax at 41 71 323 27 750.


This page was last updated on 12/4/2021 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.