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

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$8.25 -0.25 (-2.94 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$8.50
Today's Range$8.20 - $8.6564
52-Week Range$6.19 - $14.47
Volume17.34 million shs
Average Volume13.58 million shs
Market Capitalization$3.81 billion
P/E Ratio-10.44
Dividend YieldN/A
Beta1.81
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. As of February 20, 2018, it owned or had partial ownership interests in, and operated 47 mobile offshore drilling units that consist of 27 ultra-deepwater floaters, 12 harsh environment floaters, 2 deepwater floaters, 6 midwater floaters, and 2 high-specification jackups. The company serves 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$1.1522 per share
Book Value$28.39 per share

Profitability

Net Income$-3,127,000,000.00

Miscellaneous

Employees4,900
Market Cap$3.81 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) announced its earnings results on Monday, February, 18th. The offshore drilling services provider reported ($0.34) EPS for the quarter, missing the Zacks' consensus estimate of ($0.24) by $0.10. The offshore drilling services provider earned $748 million during 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 business's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. 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?

20 equities research analysts have issued 12-month target prices for Transocean's stock. Their predictions range from $8.00 to $18.00. On average, they anticipate Transocean's stock price to reach $13.8333 in the next year. This suggests a possible upside of 67.7% from the stock's current price. View Analyst Price Targets for Transocean.

What is the consensus analysts' recommendation for Transocean?

20 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 12 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 coverage about RIG stock has been trending somewhat positive this week, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Transocean earned a news sentiment score of 1.7 on InfoTrie's scale. They also assigned press coverage about the offshore drilling services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.

Are investors shorting Transocean?

Transocean saw a increase in short interest in January. As of January 31st, there was short interest totalling 57,045,205 shares, an increase of 0.2% from the January 15th total of 57,174,783 shares. Based on an average trading volume of 11,917,198 shares, the short-interest ratio is presently 4.8 days. Currently, 9.9% 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?

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), Bank of America (BAC) and Zoetis (ZTS).

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.04%), Contrarius Investment Management Ltd (3.43%), Van ECK Associates Corp (2.08%), Dimensional Fund Advisors LP (1.62%), Bank of New York Mellon Corp (1.42%) and Geode Capital Management LLC (1.08%). 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Mackenzie Financial Corp, Contrarius Investment Management Ltd, Somerset Capital Management LLP, Van ECK Associates Corp, Oregon Public Employees Retirement Fund, Geode Capital Management LLC and TVR Capital Management LP. 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 $8.25.

How big of a company is Transocean?

Transocean has a market capitalization of $3.81 billion and generates $3.02 billion in revenue each year. The offshore drilling services provider earns $-3,127,000,000.00 in net income (profit) each year or ($0.79) on an earnings per share basis. Transocean employs 4,900 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:  794 (Vote Outperform)
Underperform Votes:  1,337 (Vote Underperform)
Total Votes:  2,131
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 2/23/2019 by MarketBeat.com Staff

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