NYSE:RIG

Transocean Stock Forecast, Price & News

$4.31
+0.11 (+2.62 %)
(As of 06/23/2021 12:00 AM ET)
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Today's Range
$4.25
$4.52
50-Day Range
$3.14
$4.52
52-Week Range
$0.65
$4.81
Volume32.84 million shs
Average Volume25.42 million shs
Market Capitalization$2.66 billion
P/E RatioN/A
Dividend YieldN/A
Beta3.62
30 days | 90 days | 365 days | Advanced Chart
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Transocean logo

About Transocean

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 22, 2021, the company owned or had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deepwater and 10 harsh environment floaters. It serves integrated oil companies, government-owned or government-controlled oil companies, and other independent oil companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.

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MarketRank

Overall MarketRank

1.15 out of 5 stars

Oils/Energy Sector

230th out of 689 stocks

Drilling Oil & Gas Wells Industry

4th out of 37 stocks

Analyst Opinion: 0.8Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
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Transocean (NYSE:RIG) Frequently Asked Questions

Is Transocean a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last twelve months. There are currently 3 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street 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.

What stocks does MarketBeat like better than Transocean?

Wall Street analysts have given Transocean a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Transocean wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Transocean's next earnings date?

Transocean is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Transocean
.

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) issued its quarterly earnings data on Sunday, May, 2nd. The offshore drilling services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.01. The offshore drilling services provider earned $653 million during the quarter, compared to analyst estimates of $653.71 million. Transocean had a negative net margin of 9.00% and a negative trailing twelve-month return on equity of 3.51%. The company's revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.30) earnings per share.
View Transocean's earnings history
.

How has Transocean's stock price been impacted by Coronavirus (COVID-19)?

Transocean's stock was trading at $1.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RIG stock has increased by 216.9% and is now trading at $4.31.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for RIG?

8 brokerages have issued 12-month price objectives for Transocean's stock. Their forecasts range from $1.15 to $4.00. On average, they expect Transocean's share price to reach $2.95 in the next twelve months. This suggests that the stock has a possible downside of 31.6%.
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:
  • Mr. Jeremy D. Thigpen, Pres, CEO & Exec. Director (Age 46, Pay $3.5M)
  • Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 58, Pay $2.08M)
  • Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 51, Pay $1.53M)
  • Mr. Howard E. Davis, Exec. VP, Chief Admin. Officer & Chief Information Officer (Age 62, Pay $1.41M)
  • Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 48, Pay $1.41M)
  • Mr. David A. Tonnel, Sr. VP & Chief Accounting Officer (Age 51)
  • Mr. Robert Thaddeus Vayda, VP of Corp. Fin. & Treasurer
  • Ms. Janelle Daniel, VP of HR, Sustainability & Communications
  • Mr. Roddie Mackenzie, Sr. VP of Marketing, Innovation & Industry Relations
  • Mr. Jason B. Pack, VP & Chief Audit Exec.

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.

Who are some of Transocean's key competitors?

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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.04%), Primecap Management Co. CA (7.85%), Van ECK Associates Corp (2.19%), Geode Capital Management LLC (1.51%), Northern Trust Corp (1.28%) and Renaissance Technologies LLC (0.99%). Company insiders that own Transocean stock include Chad C Deaton, David A Tonnel, Edward R Muller, Howard E Davis, Perestroika, Saint Victor Diane De and Vanessa C L Chang.
View institutional ownership trends for Transocean
.

Which major investors are selling Transocean stock?

RIG stock was sold by a variety of institutional investors in the last quarter, including Lasry Marc, Paloma Partners Management Co, Van ECK Associates Corp, Renaissance Technologies LLC, SG Americas Securities LLC, Cedar Wealth Management LLC, Russell Investments Group Ltd., and Price T Rowe Associates Inc. MD.
View insider buying and selling activity for Transocean
or view top insider-selling stocks.

Which major investors are buying Transocean stock?

RIG stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Brandywine Global Investment Management LLC, Edgestream Partners L.P., Thrivent Financial for Lutherans, Geode Capital Management LLC, Northern Trust Corp, and Nuveen Asset Management LLC. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, Edward R Muller, Howard E Davis, Perestroika, Saint Victor Diane De, and Vanessa C L Chang.
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 $4.31.

How much money does Transocean make?

Transocean has a market capitalization of $2.66 billion and generates $3.15 billion in revenue each year. The offshore drilling services provider earns $-567,000,000.00 in net income (profit) each year or ($0.76) 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 or via email at [email protected]


This page was last updated on 6/23/2021 by MarketBeat.com Staff
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