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NYSE:RIGTransocean Stock Price, Forecast & News

$2.33
-0.05 (-2.10 %)
(As of 08/12/2020 04:00 PM ET)
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Compare
Today's Range
$2.27
Now: $2.33
$2.62
50-Day Range
$1.77
MA: $2.01
$2.48
52-Week Range
$0.76
Now: $2.33
$7.28
Volume29.76 million shs
Average Volume28.34 million shs
Market Capitalization$1.43 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.46
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.
Read More
Transocean logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.9Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$0.26 per share
Book Value$19.40 per share

Profitability

Net Income$-1,255,000,000.00

Miscellaneous

Employees6,600
Market Cap$1.43 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$2.33
-0.05 (-2.10 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Transocean (NYSE:RIG) Frequently Asked Questions

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

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 stock has increased by 71.3% and is now trading at $2.33.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Transocean?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 7 sell ratings, 13 hold ratings and 2 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, October 26th 2020.
View our earnings forecast for Transocean
.

How were Transocean's earnings last quarter?

Transocean LTD (NYSE:RIG) issued its quarterly earnings results on Wednesday, April, 29th. The offshore drilling services provider reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.29) by $0.01. The offshore drilling services provider earned $759 million during the quarter, compared to the consensus estimate of $791.17 million. Transocean had a negative net margin of 54.06% and a negative return on equity of 5.92%.
View Transocean's earnings history
.

What price target have analysts set for RIG?

22 analysts have issued 1-year price objectives for Transocean's shares. Their forecasts range from $1.25 to $10.00. On average, they expect Transocean's share price to reach $3.24 in the next year. This suggests a possible upside of 39.2% from the stock's current price.
View analysts' price targets for Transocean
.

Has Transocean been receiving favorable news coverage?

Media stories about RIG stock have trended negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Transocean earned a daily sentiment score of -2.2 on InfoTrie's scale. They also assigned news articles about the offshore drilling services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next few days.
View the latest news about Transocean
.

Are investors shorting Transocean?

Transocean saw a drop in short interest during the month of February. As of February 15th, there was short interest totaling 65,850,000 shares, a drop of 14.7% from the January 31st total of 77,200,000 shares. Based on an average trading volume of 16,930,000 shares, the short-interest ratio is presently 3.9 days. Approximately 11.5% of the shares of the company are short sold.
View Transocean's Short Interest
.

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 shareholders include Bank of New York Mellon Corp (1.07%), Frontier Capital Management Co. LLC (0.44%), Principal Financial Group Inc. (0.29%), SG Americas Securities LLC (0.26%), Swiss National Bank (0.21%) and Cedar Wealth Management LLC (0.08%). 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 New York State Common Retirement Fund, State Board of Administration of Florida Retirement System, Frontier Capital Management Co. LLC, Prudential Financial Inc., Creative Planning, New York State Teachers Retirement System, Russell Investments Group Ltd., and Amalgamated Bank.
View insider buying and selling activity for Transocean
.

Which institutional investors are buying Transocean stock?

RIG stock was purchased by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Bank of New York Mellon Corp, Swiss National Bank, Cedar Wealth Management LLC, Cerebellum GP LLC, ProShare Advisors LLC, Ausdal Financial Partners Inc., and Profund Advisors LLC. 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 $2.33.

How big of a company is Transocean?

Transocean has a market capitalization of $1.43 billion 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.

What is Transocean's official website?

The official website for Transocean is 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]

This page was last updated on 8/12/2020 by MarketBeat.com Staff

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