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

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$9.31 -0.18 (-1.90 %)
(As of 03/19/2019 04:00 PM ET)
Previous Close$9.49
Today's Range$9.23 - $9.68
52-Week Range$6.19 - $14.47
Volume493,144 shs
Average Volume13.62 million shs
Market Capitalization$5.68 billion
P/E Ratio-11.80
Dividend YieldN/A
Beta1.82
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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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$0.9510 per share
Book Value$28.39 per share

Profitability

Net Income$-1,996,000,000.00

Miscellaneous

Employees6,700
Market Cap$5.68 billion
Next Earnings Date4/29/2019 (Estimated)
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 quarterly earnings results on Monday, February, 18th. The offshore drilling services provider reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.10. The offshore drilling services provider had revenue of $748 million for the quarter, compared to the consensus estimate of $741.18 million. Transocean had a negative return on equity of 2.90% and a negative net margin of 66.14%. The firm's revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.24) 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, April 29th 2019. View Earnings Estimates for Transocean.

What price target have analysts set for RIG?

21 equities research analysts have issued 12 month price objectives for Transocean's shares. Their predictions range from $8.00 to $18.00. On average, they anticipate Transocean's stock price to reach $13.6563 in the next year. This suggests a possible upside of 46.7% from the stock's current price. View Analyst Price Targets for Transocean.

What is the consensus analysts' recommendation for Transocean?

21 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 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Transocean.

Has Transocean been receiving favorable news coverage?

Media stories about RIG stock have trended neutral recently, according to InfoTrie. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Transocean earned a news sentiment score of 0.4 on InfoTrie's scale. They also gave media stories about the offshore drilling services provider a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days.

Are investors shorting Transocean?

Transocean saw a decline in short interest during the month of February. As of February 28th, there was short interest totalling 51,595,684 shares, a decline of 7.3% from the February 15th total of 55,669,896 shares. Based on an average trading volume of 14,535,790 shares, the short-interest ratio is currently 3.5 days. Currently, 9.1% of the company's stock are sold short. View Transocean's Current Options Chain.

Who are some of Transocean's key competitors?

What other stocks do shareholders of Transocean own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Hawkins (HWKN), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), BlackRock (BLK), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Zoetis (ZTS) and General Electric (GE).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (10.04%), Contrarius Investment Management Ltd (3.43%), FMR LLC (2.45%), Van ECK Associates Corp (2.08%), Lasry Marc (1.68%) and Dimensional Fund Advisors LP (1.62%). 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 Thrivent Financial for Lutherans, Two Sigma Investments LP, Manning & Napier Group LLC, Ferguson Wellman Capital Management Inc., Millennium Management LLC, Canada Pension Plan Investment Board, Brandywine Global Investment Management LLC and Castleark Management 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 bought by a variety of institutional investors in the last quarter, including Lasry Marc, BlackRock Inc., Norges Bank, Mackenzie Financial Corp, FMR LLC, Contrarius Investment Management Ltd, Somerset Capital Management LLP and Van ECK Associates Corp. 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 $9.31.

How big of a company is Transocean?

Transocean has a market capitalization of $5.68 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.

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:  799 (Vote Outperform)
Underperform Votes:  1,349 (Vote Underperform)
Total Votes:  2,148
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 3/19/2019 by MarketBeat.com Staff

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