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

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$8.45 -0.03 (-0.35 %)
(As of 01/16/2019 04:00 PM ET)
Previous Close$8.48
Today's Range$8.37 - $8.57
52-Week Range$6.19 - $14.47
Volume10.93 million shs
Average Volume17.36 million shs
Market Capitalization$3.89 billion
P/E Ratio-140.83
Dividend YieldN/A
Beta1.68
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

Current Ratio3.07
Quick Ratio2.77

Price-To-Earnings

Sales & Book Value

Annual Sales$2.97 billion
Price / Sales1.31
Cash Flow$2.0711 per share
Price / Cash Flow4.08
Book Value$32.49 per share
Price / Book0.26

Profitability

Net Income$-3,127,000,000.00
Net Margins-64.33%
Return on Assets-1.21%

Miscellaneous

Employees4,900
Market Cap$3.89 billion
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) posted its earnings results on Monday, October, 29th. The offshore drilling services provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.16. The offshore drilling services provider had revenue of $816 million for the quarter, compared to analyst estimates of $779.19 million. Transocean had a negative net margin of 64.33% and a negative return on equity of 2.31%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. View Transocean's Earnings History.

When is Transocean's next earnings date?

Transocean is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th 2019. View Earnings Estimates for Transocean.

What price target have analysts set for RIG?

20 Wall Street analysts have issued 12-month price objectives for Transocean's shares. Their forecasts range from $8.00 to $18.00. On average, they expect Transocean's share price to reach $13.70 in the next year. This suggests a possible upside of 62.1% 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 trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Transocean earned a coverage optimism score of -1.2 on InfoTrie's scale. They also assigned news stories about the offshore drilling services provider a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company's share price in the near term.

Are investors shorting Transocean?

Transocean saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 60,737,233 shares, a decrease of 9.9% from the December 14th total of 67,418,809 shares. Based on an average daily trading volume, of 20,887,305 shares, the days-to-cover ratio is presently 2.9 days. Approximately 14.2% of the company's stock are short sold. View Transocean's Current Options Chain.

Who are some of Transocean's key competitors?

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 many different of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.14%), Granite Investment Advisors LLC (0.08%), Louisiana State Employees Retirement System (0.03%), CenturyLink Investment Management Co (0.02%), Virtu Financial LLC (0.02%) and State of Alaska Department of Revenue (0.01%). 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 Ferguson Wellman Capital Management Inc., Granite Investment Advisors LLC, CenturyLink Investment Management Co, Ipswich Investment Management Co. Inc. and Private Asset Management Inc.. 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 bought by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Virtu Financial LLC, Gateway Investment Advisers LLC, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. 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 $8.45.

How big of a company is Transocean?

Transocean has a market capitalization of $3.89 billion and generates $2.97 billion in revenue each year. The offshore drilling services provider earns $-3,127,000,000.00 in net income (profit) each year or ($0.06) 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:  785 (Vote Outperform)
Underperform Votes:  1,323 (Vote Underperform)
Total Votes:  2,108
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 1/16/2019 by MarketBeat.com Staff

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