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

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$8.94 -0.55 (-5.80 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$9.49
Today's Range$8.83 - $9.43
52-Week Range$6.19 - $14.47
Volume15.34 million shs
Average Volume13.54 million shs
Market Capitalization$5.46 billion
P/E Ratio-11.32
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$0.8696 per share
Book Value$28.39 per share

Profitability

Net Income$-1,996,000,000.00

Miscellaneous

Employees6,700
Market Cap$5.46 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) issued its quarterly earnings data on Monday, February, 18th. The offshore drilling services provider reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by $0.10. The offshore drilling services provider had revenue of $748 million for the quarter, compared to analyst estimates of $741.18 million. Transocean had a negative return on equity of 2.90% and a negative net margin of 66.14%. Transocean's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($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 Wall Street analysts have issued twelve-month target prices for Transocean's stock. Their predictions range from $8.00 to $18.00. On average, they anticipate Transocean's share price to reach $13.6563 in the next twelve months. This suggests a possible upside of 52.8% 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?

News headlines about RIG stock have been trending somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Transocean earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned news headlines about the offshore drilling services provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the near future.

Are investors shorting Transocean?

Transocean saw a decrease in short interest during the month of February. As of February 28th, there was short interest totalling 51,595,684 shares, a decrease of 7.3% from the February 15th total of 55,669,896 shares. Based on an average daily trading volume, of 14,535,790 shares, the short-interest ratio is currently 3.5 days. Approximately 9.1% of the shares of the company 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?

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 Bank of America (BAC).

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 number of of retail and institutional investors. Top institutional shareholders 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 major 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 major investors are buying Transocean stock?

RIG stock was purchased 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 $8.94.

How big of a company is Transocean?

Transocean has a market capitalization of $5.46 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:  800 (Vote Outperform)
Underperform Votes:  1,352 (Vote Underperform)
Total Votes:  2,152
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 3/23/2019 by MarketBeat.com Staff

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