NYSE:RIG

Transocean Stock Forecast, Price & News

$3.27
-0.16 (-4.66 %)
(As of 04/9/2021 12:00 AM ET)
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Today's Range
$3.26
Now: $3.27
$3.46
50-Day Range
$3.26
MA: $3.75
$4.68
52-Week Range
$0.65
Now: $3.27
$4.81
Volume8.90 million shs
Average Volume29.42 million shs
Market Capitalization$2.01 billion
P/E RatioN/A
Dividend YieldN/A
Beta3.75
Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.
Transocean logo

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
CUSIPN/A
Phone(141) 479-0500
Employees5,900
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$0.25 per share
Book Value$19.40 per share

Profitability

Net Income$-1,255,000,000.00

Miscellaneous

Market Cap$2.01 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

Headlines

Transocean (NYSE:RIG) Shares Gap Down to $3.43
April 8, 2021 |  americanbankingnews.com
Transocean (NYSE:RIG) Shares Down 4.1%
April 5, 2021 |  americanbankingnews.com
Transocean (NYSE:RIG) Shares Gap Up to $3.28
March 24, 2021 |  americanbankingnews.com
Transocean (NYSE:RIG) Shares Down 9.9%
March 23, 2021 |  americanbankingnews.com
Transocean (NYSE:RIG) Trading Down 6.8%
March 16, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

0.82 out of 5 stars

Oils/Energy Sector

338th out of 668 stocks

Drilling Oil & Gas Wells Industry

13th out of 36 stocks

Analyst Opinion: 0.8Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
$3.27
-0.16 (-4.66 %)
(As of 04/9/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Transocean (NYSE:RIG) Frequently Asked Questions

Is Transocean a buy right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 4 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street equities 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.

What stocks does MarketBeat like better than Transocean?

Wall Street analysts have given Transocean a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Transocean wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Transocean's next earnings date?

Transocean is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Transocean
.

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) released its quarterly earnings data on Sunday, February, 21st. The offshore drilling services provider reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by $0.15. The offshore drilling services provider had revenue of $690 million for the quarter, compared to analyst estimates of $695.28 million. Transocean had a negative trailing twelve-month return on equity of 4.55% and a negative net margin of 17.85%. The company's revenue was down 12.9% compared to the same quarter last year. During the same period last year, the business posted ($0.43) earnings per share.
View Transocean's earnings history
.

How has Transocean's stock been impacted by Coronavirus?

Transocean's stock was trading at $1.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, RIG stock has increased by 140.4% and is now trading at $3.27.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for RIG?

12 brokers have issued 12 month price objectives for Transocean's stock. Their forecasts range from $1.15 to $4.00. On average, they anticipate Transocean's stock price to reach $2.11 in the next year. This suggests that the stock has a possible downside of 35.4%.
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:
  • Jeremy D. Thigpen, President, CEO & Executive Director
  • Keelan I. Adamson, Chief Operating Officer & Executive Vice President
  • Mey Lovell Mark-Anthony, Chief Financial Officer & Executive Vice President
  • Howard E. Davis, Chief Administrative & Information Officer, EVP
  • Brady K. Long, Executive Vice President & General Counsel

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.

Who are some of Transocean's key competitors?

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 a variety of retail and institutional investors. Top institutional investors include Foundation Resource Management Inc. (0.05%) and Carolina Wealth Advisors LLC (0.00%). Company insiders that own Transocean stock include Chad C Deaton, David A Tonnel, Edward R Muller, 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 Foundation Resource Management Inc..
View insider buying and selling activity for Transocean
or view top insider-selling stocks.

Which major investors are buying Transocean stock?

RIG stock was purchased by a variety of institutional investors in the last quarter, including Carolina Wealth Advisors LLC. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, Edward R Muller, Howard E Davis, Vanessa C L Chang, and Vincent J Intrieri.
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 $3.27.

How much money does Transocean make?

Transocean has a market capitalization of $2.01 billion and generates $3.09 billion in revenue each year. The offshore drilling services provider earns $-1,255,000,000.00 in net income (profit) each year or ($1.45) on an earnings per share basis.

How many employees does Transocean have?

Transocean employs 5,900 workers across the globe.

What is Transocean's official website?

The official website for Transocean is www.deepwater.com.

Where are Transocean's headquarters?

Transocean is headquartered at Turmstrasse30, Steinhausen V8, 6312.

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 or via email at [email protected]


This page was last updated on 4/10/2021 by MarketBeat.com Staff
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