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NYSE:RIGTransocean Stock Price, Forecast & News

$1.29
+0.10 (+8.42 %)
(As of 04/8/2020 02:51 PM ET)
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Compare
Today's Range
$1.19
Now: $1.29
$1.29
50-Day Range
$1.04
MA: $2.21
$4.52
52-Week Range
$1.01
Now: $1.29
$9.79
Volume14.25 million shs
Average Volume24.09 million shs
Market Capitalization$788.87 million
P/E RatioN/A
Dividend YieldN/A
Beta2.65
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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Transocean logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.09 out of 5 stars


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$3.09 billion
Cash Flow$0.30 per share
Book Value$19.40 per share

Profitability

Net Income$-1,255,000,000.00

Miscellaneous

Employees6,600
Market Cap$788.87 million
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Transocean (NYSE:RIG) Frequently Asked Questions

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 decreased by 5.9% and is now trading at $1.28. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Transocean?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 5 sell ratings, 10 hold ratings and 6 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, May 4th 2020. View our earnings forecast for Transocean.

How were Transocean's earnings last quarter?

Transocean LTD (NYSE:RIG) announced its earnings results on Monday, February, 17th. The offshore drilling services provider reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.30) by $0.13. The offshore drilling services provider had revenue of $792 million for the quarter, compared to the consensus estimate of $821.29 million. Transocean had a negative return on equity of 7.16% and a negative net margin of 40.64%. During the same period in the prior year, the firm posted ($0.34) EPS. View Transocean's earnings history.

What price target have analysts set for RIG?

21 Wall Street analysts have issued twelve-month target prices for Transocean's shares. Their forecasts range from $1.25 to $13.00. On average, they anticipate Transocean's share price to reach $5.25 in the next year. This suggests a possible upside of 310.4% from the stock's current price. View analysts' price targets for Transocean.

Has Transocean been receiving favorable news coverage?

Media coverage about RIG stock has been trending very negative on Wednesday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Transocean earned a news impact score of -3.3 on InfoTrie's scale. They also assigned press coverage about the offshore drilling services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutTransocean.

Are investors shorting Transocean?

Transocean saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 98,191,700 shares, an increase of 28.3% from the February 27th total of 76,540,000 shares. Based on an average daily trading volume, of 19,990,000 shares, the short-interest ratio is presently 4.9 days. Approximately 17.2% of the shares of the stock 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 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."

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 $1.28.

How big of a company is Transocean?

Transocean has a market capitalization of $784.09 million 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. 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]

This page was last updated on 4/8/2020 by MarketBeat.com Staff

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