Transocean LTD Company Profile (NYSE:RIG)

About Transocean LTD (NYSE:RIG)

Transocean LTD 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 & Exploration
  • Sub-Industry: N/A
  • Symbol: NYSE:RIG
  • CUSIP: N/A
  • Web:
  • Market Cap: $3.74 billion
  • Outstanding Shares: 391,045,000
Average Prices:
  • 50 Day Moving Avg: $11.11
  • 200 Day Moving Avg: $12.84
  • 52 Week Range: $8.68 - $16.66
  • Trailing P/E Ratio: 5.75
  • Foreward P/E Ratio: -9.10
  • P/E Growth: -4.29
Sales & Book Value:
  • Annual Revenue: $3.61 billion
  • Price / Sales: 1.04
  • Book Value: $40.67 per share
  • Price / Book: 0.24
  • EBIDTA: $1.84 billion
  • Net Margins: 23.14%
  • Return on Equity: 6.80%
  • Return on Assets: 3.92%
  • Debt-to-Equity Ratio: 0.47%
  • Current Ratio: 1.95%
  • Quick Ratio: 1.69%
  • Average Volume: 12.27 million shs.
  • Beta: 1.87
  • Short Ratio: 5.03

Frequently Asked Questions for Transocean LTD (NYSE:RIG)

What is Transocean LTD's stock symbol?

Transocean LTD trades on the New York Stock Exchange (NYSE) under the ticker symbol "RIG."

How were Transocean LTD's earnings last quarter?

Transocean LTD (NYSE:RIG) announced its earnings results on Wednesday, May, 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The company had revenue of $785 million for the quarter, compared to the consensus estimate of $737.51 million. Transocean LTD had a net margin of 23.14% and a return on equity of 6.80%. View Transocean LTD's Earnings History.

When will Transocean LTD make its next earnings announcement?

Transocean LTD is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Transocean LTD.

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

37 brokerages have issued 1-year price objectives for Transocean LTD's shares. Their forecasts range from $4.65 to $24.00. On average, they anticipate Transocean LTD's stock price to reach $13.15 in the next year. View Analyst Ratings for Transocean LTD.

What are analysts saying about Transocean LTD stock?

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

  • 1. 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)
  • 2. 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)
  • 3. 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)
  • 4. According to Zacks Investment Research, "Despite a difficult operating environment, Transocean has maintained its excellent track record of earnings surprise history, beating estimates in the last 4 quarters. The offshore rig company's recent Q3 beat was due to more cost cuts and impressive revenue efficiency. As it is, we are a fan of Transocean's technologically advanced and versatile drilling fleet , strong backlog 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. Nevertheless, we expect Transocean 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. This accounts for our conservative stance." (1/3/2017)

Are investors shorting Transocean LTD?

Transocean LTD saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 66,086,482 shares, an increase of 2.0% from the April 28th total of 67,417,249 shares. Based on an average daily volume of 13,311,013 shares, the days-to-cover ratio is presently 5.0 days. Currently, 16.9% of the company's shares are short sold.

Who are some of Transocean LTD's key competitors?

Who owns Transocean LTD stock?

Transocean LTD's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.51%), State Street Corp (5.45%), Primecap Management Co. CA (3.75%), Dimensional Fund Advisors LP (3.18%), Contrarius Investment Management Ltd (1.27%) and Van ECK Associates Corp (1.17%). Company insiders that own Transocean LTD stock include David A Tonnel, Lars Sjobring and Vanessa C L Chang. View Institutional Ownership Trends for Transocean LTD.

Who sold Transocean LTD stock? Who is selling Transocean LTD stock?

Transocean LTD's stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Contrarius Investment Management Ltd, Zweig DiMenna Associates LLC, UBS Asset Management Americas Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, KBC Group NV, State of Wisconsin Investment Board and Primecap Management Co. CA. View Insider Buying and Selling for Transocean LTD.

Who bought Transocean LTD stock? Who is buying Transocean LTD stock?

Transocean LTD's stock was acquired by a variety of institutional investors in the last quarter, including Teachers Advisors LLC, Cornerstone Capital Management Holdings LLC., State Street Corp, Pioneer Investment Management Inc., TIAA CREF Investment Management LLC, Dimensional Fund Advisors LP, Vanguard Group Inc. and Van ECK Associates Corp. View Insider Buying and Selling for Transocean LTD.

How do I buy Transocean LTD stock?

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

How much does a share of Transocean LTD stock cost?

One share of Transocean LTD stock can currently be purchased for approximately $9.56.

Analyst Ratings

Consensus Ratings for Transocean LTD (NYSE:RIG) (?)
Ratings Breakdown: 15 Sell Ratings, 12 Hold Ratings, 10 Buy Ratings
Consensus Rating:Hold (Score: 1.86)
Consensus Price Target: $13.15 (37.54% upside)

Analysts' Ratings History for Transocean LTD (NYSE:RIG)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/24/2017Jefferies Group LLCSet Price TargetHold$12.00LowView Rating Details
5/17/2017Odeon Capital Group LLCInitiated CoverageSell$8.00MediumView Rating Details
5/15/2017Royal Bank of CanadaReiterated RatingSell$13.00HighView Rating Details
5/15/2017R. F. LaffertyLower Price TargetBuy$21.00 -> $16.00HighView Rating Details
5/9/2017B. RileyLower Price TargetBuy$21.00 -> $16.00LowView Rating Details
5/1/2017Barclays PLCBoost Price TargetUnderweight$8.00 -> $10.00MediumView Rating Details
4/20/2017Credit Suisse Group AGSet Price TargetBuy$18.00LowView Rating Details
4/18/2017BMO Capital MarketsReiterated RatingSell$10.00HighView Rating Details
4/18/2017Deutsche Bank AGLower Price TargetHold$8.00 -> $7.00LowView Rating Details
3/23/2017Tudor PickeringInitiated CoverageHoldLowView Rating Details
3/22/2017ScotiabankReiterated RatingBuy$21.00LowView Rating Details
3/13/2017Evercore ISIReiterated RatingOutperform$24.00LowView Rating Details
2/23/2017CLSAReiterated RatingSellN/AView Rating Details
2/27/2017Raymond James Financial, Inc.Reiterated RatingUnderperformN/AView Rating Details
2/27/2017InstinetBoost Price TargetReduce$7.00 -> $8.00N/AView Rating Details
2/24/2017Piper Jaffray CompaniesBoost Price TargetNeutral$13.70 -> $14.10N/AView Rating Details
2/24/2017Pareto SecuritiesDowngradeBuy -> Sell$11.00N/AView Rating Details
2/10/2017Clarkson CapitalReiterated RatingNeutral$15.00N/AView Rating Details
2/2/2017Morgan StanleyDowngradeEqual Weight -> Underweight$13.94 -> $13.99N/AView Rating Details
1/24/2017Canaccord GenuityReiterated RatingBuy$17.00N/AView Rating Details
1/9/2017Bank of America CorpDowngradeBuy -> Underperform$13.00 -> $16.00N/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
12/13/2016Capital One Financial Corp.UpgradeUnderweight -> Equal WeightN/AView Rating Details
12/1/2016Sanford C. BernsteinInitiated CoverageOutperform$15.50N/AView Rating Details
11/30/2016KeyCorpReiterated RatingHoldN/AView Rating Details
11/4/2016Citigroup IncReiterated RatingNeutralN/AView Rating Details
10/4/2016Howard WeilUpgradeSector Perform -> Sector Outperform$12.00 -> $14.00N/AView Rating Details
9/30/2016ArgusReiterated RatingHoldN/AView Rating Details
9/26/2016NomuraReiterated RatingSell$7.00N/AView Rating Details
9/23/2016Goldman Sachs Group IncReiterated RatingSellN/AView Rating Details
8/5/2016JPMorgan Chase & Co.Set 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
7/18/2016Wells Fargo & CoUpgradeUnderperform -> Market Perform$12.15 -> $12.22N/AView Rating Details
7/11/2016Seaport Global SecuritiesDowngradeNeutral -> Sell$10.00N/AView Rating Details
6/15/2016KLR GroupReiterated RatingBuy$19.00N/AView Rating Details
3/21/2016Cowen and CompanyLower Price Target$12.00 -> $9.00N/AView Rating Details
2/23/2016Fearnley FondsDowngradeAccumulate -> ReduceN/AView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$17.00N/AView Rating Details
8/7/2015S&P Equity ResearchReiterated RatingHold$14.00N/AView Rating Details
(Data available from 5/27/2015 forward)


Earnings History for Transocean LTD (NYSE:RIG)
Earnings by Quarter for Transocean LTD (NYSE:RIG)
Earnings History by Quarter for Transocean LTD (NYSE:RIG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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 LTD (NYSE:RIG)
2017 EPS Consensus Estimate: ($0.47)
2018 EPS Consensus Estimate: ($0.90)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.07)($0.01)($0.04)
Q2 20173($0.13)($0.06)($0.09)
Q3 20173($0.16)($0.09)($0.14)
Q4 20173($0.23)($0.19)($0.21)
Q1 20181($0.24)($0.24)($0.24)
Q2 20181($0.21)($0.21)($0.21)
Q3 20181($0.21)($0.21)($0.21)
Q4 20181($0.24)($0.24)($0.24)
(Data provided by Zacks Investment Research)


Current Dividend Information for Transocean LTD (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 LTD (NYSE:RIG)

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

Insider Trades

Insider Trading and Institutional Ownership History for Transocean LTD (NYSE:RIG)
Insider Ownership Percentage: 0.17%
Institutional Ownership Percentage: 63.84%
Insider Trades by Quarter for Transocean LTD (NYSE:RIG)
Institutional Ownership by Quarter for Transocean LTD (NYSE:RIG)
Insider Trades by Quarter for Transocean LTD (NYSE:RIG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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 LTD (NYSE:RIG)
Latest Headlines for Transocean LTD (NYSE:RIG)
DateHeadline logoETFs with exposure to Transocean Ltd. : May 26, 2017 - May 27 at 3:50 AM logoRIG Crosses Critical Technical Indicator - May 26 at 6:31 AM logoTransocean: It Still Stinks to Be an Oil Stock - May 26 at 6:31 AM logoTransocean LTD (RIG) Given a $12.00 Price Target by Jefferies Group LLC Analysts - May 25 at 5:35 PM logoTransocean (RIG) Presents At UBS Global Oil and Gas Conference - Slideshow - May 24 at 7:57 PM logoTransocean LTD (RIG) Receives Consensus Rating of "Hold" from Analysts - May 22 at 12:25 PM logoRising Oil Could Trigger Short Covering In Transocean - Seeking Alpha - May 21 at 6:35 PM logoOdeon Capital Group LLC Initiates Coverage on Transocean LTD (RIG) - May 17 at 9:08 AM logoTransocean: Weighing The Pros And Cons - Seeking Alpha - May 17 at 5:24 AM logoInvestors Purchase Large Volume of Transocean LTD Put Options (RIG) - May 16 at 5:08 PM logoU.S. stocks poised for higher open as Saudi-Russia surprise lifts oil prices - May 15 at 9:38 AM logoTransocean - Slick Investment Or Oil Slick? - May 11 at 8:01 PM logoThese 5 Offshore Drilling Stocks Sank 11% or More Last Month: Here's Why (and What You Should Do) - May 11 at 8:01 PM logo$717.39 Million in Sales Expected for Transocean LTD (RIG) This Quarter - May 10 at 9:38 AM logoETFs with exposure to Transocean Ltd. : May 9, 2017 - May 9 at 7:03 PM logoForm 8-K Transocean Ltd. For: May 09 - May 9 at 10:48 AM logoEdited Transcript of RIG earnings conference call or presentation 4-May-17 1:00pm GMT - May 9 at 10:48 AM logoWhy Did Transocean Report Weak Quarterly Results? - May 9 at 10:48 AM logoTransocean LTD (RIG) Receives Buy Rating from B. Riley - May 9 at 8:16 AM logoTransocean LTD (RIG) Price Target Cut to $16.00 by Analysts at R. F. Lafferty - May 8 at 9:00 PM logo Analysts Expect Transocean LTD (RIG) Will Announce Earnings of -$0.11 Per Share - May 8 at 8:14 PM logoTransocean Ltd. :RIG-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017 - May 8 at 11:44 AM logoQ2 2017 EPS Estimates for Transocean LTD Lowered by Jefferies Group (RIG) - May 8 at 7:41 AM logoTraders Purchase Large Volume of Call Options on Transocean LTD (RIG) - May 7 at 7:52 AM logoTransocean LTD (RIG) Receives "Sell" Rating from Royal Bank of Canada - May 6 at 9:53 AM logoTransocean Ltd. Closes Private Placement of U.S. $410 Million of Secured Notes - May 6 at 12:49 AM logoTransocean's Q1 Earnings Were Dull, but Upcoming Moves Could Be Exciting - May 6 at 12:49 AM logoTransocean (RIG) Q1 Earnings and Revenues Beat Estimates - Yahoo Finance - May 5 at 7:49 PM logoTransocean, offshore drillers recoup yesterday's losses - Seeking Alpha - May 5 at 7:49 PM logoTransocean: Not Enough Margin Of Safety - Seeking Alpha - May 5 at 7:49 PM logoTransocean: It Stinks to Be an Oil Stock? - May 5 at 7:48 PM logoThe Hot Stock: Transocean Jumps 8.1% - May 5 at 7:48 PM logoTransocean, offshore drilling peers sink on sliding crude oil prices - Seeking Alpha - May 5 at 8:12 AM logoTransocean's (RIG) CEO Jeremy Thigpen on Q1 2017 Results - Earnings Call Transcript - Seeking Alpha - May 5 at 8:12 AM logoTransocean (RIG) Q1 Earnings and Revenues Beat Estimates - Nasdaq - May 5 at 8:12 AM logoTransocean: Three Is A Charm - Transocean Ltd. (NYSE:RIG ... - Seeking Alpha - May 5 at 8:12 AM logoTransocean (RIG) Q1 Earnings and Revenues Beat Estimates - May 4 at 7:47 PM logoTransocean LTD (RIG) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS - May 4 at 7:34 PM logoGo Long Transocean LTD (RIG) Stock With Confidence Even Into Earnings - - May 4 at 8:49 AM logoTransocean Ltd. Reports First Quarter 2017 Results - May 3 at 7:25 PM logoTransocean tops Street 1Q forecasts - May 3 at 4:43 PM logoTransocean LTD Target of Unusually High Options Trading (RIG) - May 3 at 7:22 AM logoTransocean LTD (RIG) Receiving Somewhat Favorable Press Coverage, AlphaOne Reports - May 3 at 1:03 AM logoGo Long Transocean LTD (RIG) Stock With Confidence Even Into Earnings - May 2 at 11:15 AM logoDeluge of Oil Earnings on May 3: RIG, CXO, PXD, MUR, WMB - May 2 at 9:48 AM logoDavid A. Tonnel Sells 9,450 Shares of Transocean LTD (RIG) Stock - May 1 at 8:24 PM logoTransocean (RIG) to Report Q1 Earnings: What's in the Cards? - May 1 at 6:50 PM logoTransocean LTD (RIG) to Release Earnings on Wednesday - May 1 at 6:24 PM logoTransocean LTD's (RIG) "Underweight" Rating Reiterated at Barclays PLC - May 1 at 3:36 PM logoWhat Analysts Recommend for Transocean before 1Q17 Results - May 1 at 10:16 AM



Transocean LTD (RIG) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by Staff