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NYSE:RIGTransocean Stock Price, Forecast & News

$2.50
+0.84 (+50.60 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$2.03
Now: $2.50
$2.62
50-Day Range
$0.84
MA: $1.29
$1.69
52-Week Range
$0.76
Now: $2.50
$7.28
Volume103.78 million shs
Average Volume28.13 million shs
Market Capitalization$1.54 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.41
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers drilling rigs, related equipment, and work crews; and ultra-deepwater and harsh environment drilling services. As of February 18, 2019, it owned or had partial ownership interests in, and operated 48 mobile offshore drilling units that consist of 31 ultra-deepwater floaters, 13 harsh environment floaters, and 4 midwater floaters. The company serves integrated oil companies or their affiliates, as well as government-controlled oil companies and independent oil companies. Transocean Ltd. was founded in 1953 and is based in Steinhausen, Switzerland.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.08 out of 5 stars


Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
CUSIPN/A
Phone41-41-749-0500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$0.38 per share
Book Value$19.40 per share

Profitability

Net Income$-1,255,000,000.00

Miscellaneous

Employees6,600
Market Cap$1.54 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Transocean (NYSE:RIG) Frequently Asked Questions

How has Transocean's stock been impacted by COVID-19 (Coronavirus)?

Transocean's stock was trading at $1.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RIG shares have increased by 83.8% and is now trading at $2.50. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Transocean?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 7 sell ratings, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Transocean.

When is Transocean's next earnings date?

Transocean is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Transocean.

How were Transocean's earnings last quarter?

Transocean LTD (NYSE:RIG) released its quarterly earnings results on Wednesday, April, 29th. The offshore drilling services provider reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.29) by $0.01. The offshore drilling services provider had revenue of $759 million for the quarter, compared to analysts' expectations of $791.17 million. Transocean had a negative return on equity of 7.44% and a negative net margin of 47.72%. View Transocean's earnings history.

What price target have analysts set for RIG?

23 brokers have issued 1 year price objectives for Transocean's stock. Their forecasts range from $1.25 to $13.00. On average, they anticipate Transocean's share price to reach $4.64 in the next twelve months. This suggests a possible upside of 85.8% from the stock's current price. View analysts' price targets for Transocean.

Has Transocean been receiving favorable news coverage?

News articles about RIG stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Transocean earned a news sentiment score of -2.7 on InfoTrie's scale. They also assigned media headlines about the offshore drilling services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutTransocean.

Are investors shorting Transocean?

Transocean saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 90,850,000 shares, a decline of 8.3% from the April 30th total of 99,110,000 shares. Based on an average daily volume of 32,840,000 shares, the short-interest ratio is presently 2.8 days. Approximately 15.9% 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?

Who are Transocean's key executives?

Transocean's management team includes the following people:
  • Mr. Jeremy D. Thigpen, Pres, CEO & Exec. Director (Age 44)
  • Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 56)
  • Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 50)
  • Mr. Howard E. Davis, Exec. VP and Chief Admin. Officer & Information Officer (Age 60)
  • Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 46)

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.88%), Primecap Management Co. CA (8.41%), Contrarius Investment Management Ltd (6.96%), State Street Corp (2.59%), Morgan Stanley (2.37%) and Luminus Management LLC (2.27%). 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 Van Den Berg Management I Inc., Schneider Capital Management Corp, Primecap Management Co. CA, Parametric Portfolio Associates LLC, Nuveen Asset Management LLC, BlackRock Inc., Commerzbank Aktiengesellschaft FI, and AQR Capital Management LLC. View insider buying and selling activity for Transocean.

Which major investors are buying Transocean stock?

RIG stock was purchased by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, Morgan Stanley, Two Sigma Advisers LP, Luminus Management LLC, Van ECK Associates Corp, Quantitative Investment Management LLC, State Street Corp, and Invesco Ltd.. 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Transocean's stock price today?

One share of RIG stock can currently be purchased for approximately $2.50.

How big of a company is Transocean?

Transocean has a market capitalization of $1.54 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. Transocean employs 6,600 workers across the globe.

What is Transocean's official website?

The official website for Transocean is 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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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