Transocean Company Profile (NYSE:RIG)

About Transocean (NYSE:RIG)

Transocean logoTransocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. As of February 9, 2017, its fleet consisted of 30 floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high-specification jackups. As February 9, 2017, it also had four ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed. Its contract drilling services operations are spread across oil and gas exploration and development areas throughout the world. The Company's drilling fleet can be characterized as floaters, including drillships and semisubmersibles, and jackups.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling
  • Sub-Industry: N/A
  • Symbol: NYSE:RIG
  • CUSIP: N/A
  • Web:
  • Market Cap: $3.89256 billion
  • Outstanding Shares: 391,184,000
Average Prices:
  • 50 Day Moving Avg: $9.83
  • 200 Day Moving Avg: $9.50
  • 52 Week Range: $7.20 - $16.66
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -11.44
  • P/E Growth: -20.34
Sales & Book Value:
  • Annual Revenue: $3.42 billion
  • Price / Sales: 1.14
  • Book Value: $36.31 per share
  • Price / Book: 0.27
  • EBITDA: $1.83 billion
  • Net Margins: -33.52%
  • Return on Equity: 2.20%
  • Return on Assets: 1.30%
  • Debt-to-Equity Ratio: 0.46%
  • Current Ratio: 2.31%
  • Quick Ratio: 2.03%
  • Average Volume: 17.45 million shs.
  • Beta: 1.76
  • Short Ratio: 4.32

Frequently Asked Questions for Transocean (NYSE:RIG)

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) posted its quarterly earnings data on Thursday, February, 23rd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.08 by $0.55. The company earned $974 million during the quarter, compared to analyst estimates of $785.52 million. Transocean had a negative net margin of 33.52% and a positive return on equity of 2.20%. View Transocean's Earnings History.

When will Transocean make its next earnings announcement?

Transocean is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Transocean.

Where is Transocean's stock going? Where will Transocean's stock price be in 2017?

34 brokerages have issued 12-month price targets for Transocean's shares. Their predictions range from $7.00 to $21.00. On average, they anticipate Transocean's share price to reach $12.00 in the next year. View Analyst Ratings for Transocean.

What are analysts saying about Transocean stock?

Here are some recent quotes from research analysts about Transocean stock:

  • 1. According to Zacks Investment Research, "Transocean displays excellent track record of earnings surprise history, beating estimates in the last 16 quarters. We like Transocean's technologically advanced and versatile drilling fleet, strong backlog, healthy financials and considerable pricing power. With the market for offshore rigs unlikely to turn around anytime soon, the company has been selling/stacking older rigs as well as investing in high-specification rigs in order to improve the quality of its fleet. The recent acquisition of Songa Offshore by RIG bodes well for the company as it is expected to strengthen Transocean’s portfolio and boost its backlog. Nevertheless, we expect RIG shares to remain soft until oil prices rebound sufficiently, as deepwater/ultra-deepwater drilling – with its associated risks and steep costs – require a far higher oil price than what is prevailing currently. Thus we take a cautious stance on the prospects of the stock." (10/17/2017)
  • 2. Jefferies Group LLC analysts commented, "Our time with management suggested that RIG sees a tougher path ahead towards pricing recovery for jackups than for floaters and that RIG is keen to have the flexibility to pursue floater deals; combined, these views were the impetus for the Borr deal. On M&A, we sensed more of an interest in niche assets (harsh environment) and/or smaller companies and in particular those with leverage to niche markets. We tweak our model for the Borr transaction." (3/21/2017)
  • 3. Evercore ISI analysts commented, "We noted in our Recap and Weekly that Borr Drilling was reportedly interested in purchasing Transocean's jackup fleet. According to Tradewinds, the Norwegian startup is "closing in" on a $1.2 billion deal to acquire a fleet of 15 RIG jackups. The potential transaction would entail Transocean's entire active fleet of 10 high-specification jack-ups, plus another five newbuilds under construction at Singapore's Keppel FELS, for a total price of $1.2 billion. Another $1.125 billion is due on the five newbuilds, which would be assumed by Borr Drilling as these rigs have been deferred until 2020. Excluding the $290 million already paid for these newbuilds, the reported purchase price averages to $120 million per jackup and is well above our Bull Case estimate of $96 million and IHS-Petrodata's $80 million estimate for >=350' IC modern jackups. Half of Transocean's active jackup fleet is currently stacked while the other half is contracted for 38 rig months (average 7.6 months per rig) for $172 million in backlog (only 1.5% of RIG's total $11.3 billion)." (3/13/2017)
  • 4. Instinet analysts commented, ". RIG's 4Q results were a step in the right direction in terms of further lowering operating costs and delivering effective performance as fleet-wide revenue efficiency was 100%+. RIG was also proactive in the quarter with respect to its balance sheet, raising $1.25bn+ in cash through secured debt offerings on two of its drillships contracted with Shellthe Deepwater Thalassa and the Deepwater Proteus. While RIG still has the biggest 2020 cash shortfall among the drillers according to our cash flow bridges, RIG has the most levers to pull in terms of extending its liquidity runway by raising additional capital through continued secured debt offerings, or extending the timing of its remaining newbuild payments." (2/27/2017)

Are investors shorting Transocean?

Transocean saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 85,325,545 shares, an increase of 0.8% from the September 15th total of 86,025,621 shares. Based on an average daily volume of 20,684,470 shares, the short-interest ratio is currently 4.1 days. Approximately 21.8% of the company's stock are short sold.

Who are some of Transocean's key competitors?

Who are Transocean's key executives?

Transocean's management team includes the folowing people:

  • Merrill A. Miller Jr., Independent Chairman of the Board
  • Jeremy D. Thigpen, President, Chief Executive Officer, Director
  • Mark-Anthony L. Mey, Chief Financial Officer, Executive Vice President
  • John B. Stobart, Chief Operating Officer, Executive Vice President
  • Howard E. Davis, Executive Vice President, Chief Administrative Officer, Chief Information Officer
  • Brady K. Long, Senior Vice President, General Counsel
  • David A. Tonnel, Senior Vice President, Supply Chain and Corporate Controller
  • Terry B. Bonno, Senior Vice President - Industry and Community Relations
  • Glyn A. Barker, Independent Director
  • Vanessa Chee Ling Chang, Independent Director

Who owns Transocean stock?

Transocean's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Ingalls & Snyder LLC (0.11%), Midas Management Corp (0.08%), State Treasurer State of Michigan (0.04%), LS Investment Advisors LLC (0.01%) and Eqis Capital Management Inc. (0.00%). Company insiders that own Transocean stock include David A Tonnel, Howard E Davis and Vanessa C L Chang. View Institutional Ownership Trends for Transocean.

Who sold Transocean stock? Who is selling Transocean stock?

Transocean's stock was sold by a variety of institutional investors in the last quarter, including Ingalls & Snyder LLC. View Insider Buying and Selling for Transocean.

Who bought Transocean stock? Who is buying Transocean stock?

Transocean's stock was purchased by a variety of institutional investors in the last quarter, including Midas Management Corp, State Treasurer State of Michigan, Eqis Capital Management Inc. and LS Investment Advisors LLC. Company insiders that have bought Transocean stock in the last two years include Howard E Davis and Vanessa C L Chang. View Insider Buying and Selling for Transocean.

How do I buy Transocean stock?

Shares of Transocean can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Transocean's stock price today?

One share of Transocean stock can currently be purchased for approximately $9.95.

MarketBeat Community Rating for Transocean (NYSE RIG)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  537 (Vote Outperform)
Underperform Votes:  1,141 (Vote Underperform)
Total Votes:  1,678
MarketBeat's community ratings are surveys of what our community members think about Transocean and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Transocean (NYSE:RIG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 9 Sell Ratings, 12 Hold Ratings, 13 Buy Ratings
Consensus Rating:Hold (Score: 2.12)
Consensus Price Target: $12.00 (20.64% upside)
Consensus Price Target History for Transocean (NYSE:RIG)
Price Target History for Transocean (NYSE:RIG)
Analysts' Ratings History for Transocean (NYSE:RIG)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/22/2017Piper Jaffray CompaniesReiterated RatingHold$7.35N/AView Rating Details
10/18/2017Cowen and CompanySet Price TargetHold$8.00N/AView Rating Details
10/19/2017HSBC Holdings plcInitiated CoverageHold -> Hold$12.00N/AView Rating Details
10/18/2017BMO Capital MarketsSet Price TargetSell$7.00N/AView Rating Details
10/12/2017Citigroup Inc.UpgradeNeutral -> Buy$13.00 -> $14.00N/AView Rating Details
10/10/2017Deutsche Bank AGInitiated CoverageBuy$13.00N/AView Rating Details
10/5/2017Royal Bank Of CanadaSet Price TargetHold$11.00N/AView Rating Details
9/30/2017Nordea Equity ResearchReiterated RatingBuy$14.00HighView Rating Details
9/22/2017Jefferies Group LLCReiterated RatingHold$9.00HighView Rating Details
9/1/2017Clarkson CapitalUpgradeNeutral -> Buy$11.00LowView Rating Details
8/31/2017Capital One Financial CorporationUpgradeEqual Weight -> Overweight$12.00LowView Rating Details
8/26/2017R. F. LaffertySet Price TargetBuy$15.00LowView Rating Details
8/19/2017InstinetReiterated RatingReduce$8.00 -> $7.00LowView Rating Details
8/18/2017Pareto SecuritiesUpgradeHold -> BuyLowView Rating Details
8/17/2017NomuraLower Price TargetReduce$8.00 -> $7.00MediumView Rating Details
8/15/2017Bank of America CorporationUpgradeUnderperform -> Neutral$7.00 -> $9.00HighView Rating Details
8/10/2017Evercore ISIReiterated RatingBuy$18.00LowView Rating Details
8/9/2017Goldman Sachs Group, Inc. (The)UpgradeSell -> Neutral$8.57 -> $9.75HighView Rating Details
8/6/2017Barclays PLCSet Price TargetSell$8.00 -> $9.00HighView Rating Details
7/26/2017Seaport Global SecuritiesReiterated RatingSellLowView Rating Details
7/22/2017Wells Fargo & CompanyReiterated RatingMarket PerformLowView Rating Details
7/19/2017Credit Suisse GroupReiterated RatingBuyHighView Rating Details
7/6/2017Sanford C. BernsteinDowngradeOutperform -> Market Perform$16.50 -> $9.00HighView Rating Details
6/16/2017Morgan StanleyLower Price TargetUnderweight$13.00 -> $12.00MediumView Rating Details
5/17/2017Odeon Capital Group LLCInitiated CoverageSell$8.00MediumView Rating Details
5/9/2017B. RileyLower Price TargetBuy$21.00 -> $16.00LowView Rating Details
3/23/2017Tudor PickeringInitiated CoverageHoldLowView Rating Details
3/22/2017ScotiabankReiterated RatingBuy$21.00LowView Rating Details
2/23/2017CLSAReiterated RatingSellN/AView Rating Details
2/27/2017Raymond James Financial, Inc.Reiterated RatingUnderperformN/AView Rating Details
1/24/2017Canaccord GenuityReiterated RatingBuy$17.00N/AView Rating Details
1/6/2017Iberia CapitalInitiated CoverageSector Perform$15.00N/AView Rating Details
12/27/2016Zephirin GroupReiterated RatingBuy$14.00 -> $16.00N/AView Rating Details
11/30/2016KeyCorpReiterated RatingHoldN/AView Rating Details
10/4/2016Howard WeilUpgradeSector Perform -> Sector Outperform$12.00 -> $14.00N/AView Rating Details
9/30/2016ArgusReiterated RatingHoldN/AView Rating Details
8/5/2016J P Morgan Chase & CoSet Price TargetSell$8.00 -> $9.00N/AView Rating Details
8/5/2016SimmonsBoost Price TargetUnderweight$2.50 -> $4.65N/AView Rating Details
8/5/2016Susquehanna Bancshares IncUpgradeNegative -> Neutral$10.00 -> $11.00N/AView Rating Details
6/15/2016KLR GroupReiterated RatingBuy$19.00N/AView Rating Details
2/23/2016Fearnley FondsDowngradeAccumulate -> ReduceN/AView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$17.00N/AView Rating Details
(Data available from 10/23/2015 forward)


Earnings History for Transocean (NYSE:RIG)
Earnings by Quarter for Transocean (NYSE:RIG)
Earnings History by Quarter for Transocean (NYSE RIG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017($0.12)N/AView Earnings Details
5/3/20173/31/2017($0.08)$0.01$737.51 million$785.00 millionViewListenView Earnings Details
2/23/201712/31/2016$0.08$0.63$785.52 million$974.00 millionViewListenView Earnings Details
8/3/2016Q2($0.01)$0.17$914.38 million$943.00 millionViewListenView Earnings Details
5/4/2016Q1$0.29$0.69$1.14 billion$1.34 billionViewListenView Earnings Details
2/24/2016Q4$0.73$1.68$1.44 billion$1.85 billionViewListenView Earnings Details
11/4/2015Q3$0.68$0.87$1.59 billion$1.61 billionViewListenView Earnings Details
8/5/2015Q2$0.50$1.11$1.70 billion$1.88 billionViewListenView Earnings Details
5/6/2015Q115$0.60$1.10$1.91 billion$2.04 billionViewListenView Earnings Details
2/25/2015Q414$0.77$0.95$2.12 billion$2.24 billionViewListenView Earnings Details
11/10/2014Q314$0.82($6.12)$2.19 billion$2.27 billionViewListenView Earnings Details
8/6/2014Q214$1.12$1.61$2.27 billion$2.33 billionViewListenView Earnings Details
5/7/2014Q114$1.03$1.43$2.27 billion$2.34 billionViewListenView Earnings Details
2/26/2014Q413$1.18$0.73$2.36 billion$2.33 billionViewListenView Earnings Details
11/7/2013Q313$1.18$1.37$2.49 billion$2.56 billionViewListenView Earnings Details
8/7/2013Q2 2013$1.08$1.08$2.40 billion$2.40 billionViewListenView Earnings Details
5/8/2013Q1 2013$1.01$0.93$2.35 billion$2.20 billionViewListenView Earnings Details
3/4/2013Q4 2012$0.80$0.91$2.37 billion$2.33 billionViewListenView Earnings Details
11/5/2012Q312$0.77$1.37$2.54 billion$2.70 billionViewN/AView Earnings Details
8/1/2012$0.45$0.72ViewN/AView Earnings Details
5/2/2012$0.34$0.12ViewN/AView Earnings Details
11/2/2011$0.82($0.20)ViewN/AView Earnings Details
8/3/2011$0.87$0.65ViewN/AView Earnings Details
5/5/2011$0.80$0.96ViewN/AView Earnings Details
2/23/2011$0.89$0.83ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Transocean (NYSE:RIG)
2017 EPS Consensus Estimate: ($0.38)
2018 EPS Consensus Estimate: ($0.67)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.07)($0.01)($0.04)
Q2 20173($0.13)($0.05)($0.09)
Q3 20173($0.17)$0.11($0.04)
Q4 20173($0.37)($0.09)($0.21)
Q1 20182($0.29)($0.02)($0.16)
Q2 20182($0.23)($0.04)($0.14)
Q3 20182($0.25)($0.06)($0.16)
Q4 20182($0.28)($0.16)($0.22)
Q1 20191($0.37)($0.37)($0.37)
Q2 20191($0.30)($0.30)($0.30)
(Data provided by Zacks Investment Research)


Current Dividend Information for Transocean (NYSE:RIG)
Most Recent Dividend:9/23/2015
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Track Record:4 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Transocean (NYSE:RIG)

Dividend History by Quarter for Transocean (NYSE RIG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Transocean (NYSE:RIG)
Insider Ownership Percentage: 0.33%
Institutional Ownership Percentage: 67.79%
Insider Trades by Quarter for Transocean (NYSE:RIG)
Institutional Ownership by Quarter for Transocean (NYSE:RIG)
Insider Trades by Quarter for Transocean (NYSE:RIG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/17/2017Howard E DavisCAOBuy40,000$7.32$292,800.00View SEC Filing  
8/17/2017Vanessa C L ChangDirectorBuy2,000$7.56$15,120.00View SEC Filing  
4/27/2017David A TonnelSVPSell9,450$11.28$106,596.00View SEC Filing  
9/23/2015Lars SjobringSVPSell5,324$14.40$76,665.60View SEC Filing  
9/2/2015Vanessa C L ChangDirectorBuy1,500$13.50$20,250.00View SEC Filing  
12/1/2014Steven L NewmanCEOBuy9,800$20.41$200,018.00View SEC Filing  
9/5/2014David A TonnelSVPSell1,053$38.31$40,340.43View SEC Filing  
8/27/2014John B StobartCOOSell8,451$38.07$321,729.57View SEC Filing  
6/9/2014Edward R MullerDirectorSell1,816$42.75$77,634.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Transocean (NYSE:RIG)
Latest Headlines for Transocean (NYSE:RIG)
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Transocean (RIG) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by Staff

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