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NYSE:RIG

Transocean (RIG) Stock Forecast, Price & News

$4.18
-0.02 (-0.48%)
(As of 05/27/2022 12:00 AM ET)
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Compare
Today's Range
$4.13
$4.23
50-Day Range
$3.42
$5.03
52-Week Range
$2.63
$5.56
Volume
10.71 million shs
Average Volume
21.59 million shs
Market Capitalization
$2.85 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
2.99
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 mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 14, 2022, the company had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deep water and 10 harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.

Headlines

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Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
N/A
Employees
5,530
Year Founded
1953

Sales & Book Value

Annual Sales
$2.56 billion
Cash Flow
$0.78 per share
Book Value
$16.34 per share

Profitability

Net Income
$-592 million
Pretax Margin
-20.09%

Debt

Price-To-Earnings

Miscellaneous

Free Float
597,354,000
Market Cap
$2.85 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/02/2022
Today
5/27/2022
Next Earnings (Estimated)
8/01/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

1.81 out of 5 stars

Oils/Energy Sector

194th out of 386 stocks

Drilling Oil & Gas Wells Industry

5th out of 17 stocks

Analyst Opinion: 1.0Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -













Transocean (NYSE:RIG) Frequently Asked Questions

Is Transocean a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last twelve months. There are currently 4 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.

When is Transocean's next earnings date?

Transocean is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
View our earnings forecast for Transocean
.

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Monday, May, 2nd. The offshore drilling services provider reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.06. The offshore drilling services provider had revenue of $615 million for the quarter, compared to analyst estimates of $605.13 million. Transocean had a negative net margin of 26.84% and a negative trailing twelve-month return on equity of 4.81%. During the same quarter in the previous year, the company posted ($0.19) EPS.
View Transocean's earnings history
.

What price target have analysts set for RIG?

4 brokers have issued 1-year target prices for Transocean's stock. Their forecasts range from $3.85 to $5.00. On average, they anticipate Transocean's share price to reach $4.28 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
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, CEO & Exec. Director (Age 47, Pay $6.05M)
  • Mr. Keelan I. Adamson, Pres & COO (Age 52, Pay $2.34M)
  • Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 59, Pay $2.99M)
  • Mr. Howard E. Davis, Exec. VP, Chief Admin. Officer & Chief Information Officer (Age 63, Pay $2.17M)
  • Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 49, Pay $2.11M)
  • Mr. David A. Tonnel, Sr. VP & Chief Accounting Officer (Age 52)
  • Mr. Robert Thaddeus Vayda, VP of Corp. Fin. & Treasurer
  • Lexington May, Mang. of Investor Relations
  • Ms. Janelle Daniel, Sr. VP of HR, Sustainability & Communications
  • Mr. Roddie Mackenzie, Exec. VP & Chief Commercial Officer
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.

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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.74%), Primecap Management Co. CA (6.96%), Van ECK Associates Corp (5.12%), Contrarius Investment Management Ltd (3.19%), BlackRock Inc. (2.17%) and Dimensional Fund Advisors LP (1.90%). Company insiders that own Transocean stock include Frederik Wilhelm Mohn, Jack Sinclair, Keelan Adamson, Perestroika, Saint Victor Diane De, Vanessa C L Chang and W R Jr Stephens.
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 First Trust Advisors LP, Principal Financial Group Inc., Group One Trading L.P., HAP Trading LLC, Walleye Trading LLC, Ausdal Financial Partners Inc., Envestnet Asset Management Inc., and State of New Jersey Common Pension Fund D. Company insiders that have sold Transocean company stock in the last year include Jack Sinclair, Keelan Adamson, and W R Jr Stephens.
View insider buying and selling activity for Transocean
or view top insider-selling stocks.

Which institutional investors are buying Transocean stock?

RIG stock was acquired by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, Renaissance Technologies LLC, Charles Schwab Investment Management Inc., Van ECK Associates Corp, PointState Capital LP, BlackRock Inc., Lonestar Capital Management LLC, and Vanguard Group Inc.. Company insiders that have bought Transocean stock in the last two years include Frederik Wilhelm Mohn, 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 $4.18.

How much money does Transocean make?

Transocean has a market capitalization of $2.85 billion and generates $2.56 billion in revenue each year. The offshore drilling services provider earns $-592 million in net income (profit) each year or ($1.03) on an earnings per share basis.

How many employees does Transocean have?

Transocean employs 5,530 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.

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, via email at [email protected], or via fax at 41 71 323 27 750.

This page was last updated on 5/27/2022 by MarketBeat.com Staff

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