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NYSE:RIG

Transocean Stock Forecast, Price & News

$0.73
-0.04 (-5.23 %)
(As of 10/28/2020 12:00 AM ET)
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Today's Range
$0.68
Now: $0.73
$0.77
50-Day Range
$0.76
MA: $0.88
$1.11
52-Week Range
$0.68
Now: $0.73
$7.28
Volume33.23 million shs
Average Volume27.66 million shs
Market Capitalization$445.68 million
P/E RatioN/A
Dividend YieldN/A
Beta2.44
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 12, 2020, it owned or had partial ownership interests in and operated a fleet of 45 mobile offshore drilling units that consist of 28 ultra-deepwater floaters, 14 harsh environment floaters, and 3 midwater floaters. The company serves integrated oil companies or their affiliates, as well as government-controlled oil companies and independent oil companies. Transocean Ltd. is based in Steinhausen, Switzerland.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.9Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
CUSIPN/A
Phone41-41-749-0500
Employees6,600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$0.23 per share
Book Value$19.40 per share

Profitability

Net Income$-1,255,000,000.00

Miscellaneous

Market Cap$445.68 million
Next Earnings Date11/2/2020 (Confirmed)
OptionableOptionable
$0.73
-0.04 (-5.23 %)
(As of 10/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Transocean (NYSE:RIG) Frequently Asked Questions

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 shares have decreased by 46.7% and is now trading at $0.7251.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Transocean?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 7 sell ratings, 13 hold ratings and 1 buy rating 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, November 2nd 2020.
View our earnings forecast for Transocean
.

How can I listen to Transocean's earnings call?

Transocean will be holding an earnings conference call on Monday, November 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) released its earnings results on Wednesday, April, 29th. The offshore drilling services provider reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.29) by $0.01. The offshore drilling services provider earned $759 million during the quarter, compared to analysts' expectations of $791.17 million. Transocean had a negative return on equity of 5.92% and a negative net margin of 54.06%.
View Transocean's earnings history
.

What price target have analysts set for RIG?

21 equities research analysts have issued 12-month price objectives for Transocean's stock. Their forecasts range from $1.15 to $4.00. On average, they expect Transocean's share price to reach $2.15 in the next twelve months. This suggests a possible upside of 196.9% from the stock's current price.
View analysts' price targets for Transocean
.

Are investors shorting Transocean?

Transocean saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 115,470,000 shares, an increase of 13.4% from the September 30th total of 101,810,000 shares. Based on an average trading volume of 24,220,000 shares, the short-interest ratio is presently 4.8 days. Currently, 19.9% of the company's shares are sold short.
View Transocean's Short Interest
.

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 45, Pay $2.99M)
  • Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 57, Pay $1.82M)
  • Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 50, Pay $1.34M)
  • Mr. Howard E. Davis, Exec. VP, Chief Admin. Officer & Chief Information Officer (Age 61, Pay $1.24M)
  • Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 47, Pay $1.24M)

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 investors include Foundation Resource Management Inc. (0.07%), KBC Group NV (0.02%), New Mexico Educational Retirement Board (0.01%), New Mexico Educational Retirement Board (0.01%) and Traynor Capital Management Inc. (0.01%). 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 New Mexico Educational Retirement Board, New Mexico Educational Retirement Board, and Foundation Resource Management Inc..
View insider buying and selling activity for Transocean
.

Which major investors are buying Transocean stock?

RIG stock was bought by a variety of institutional investors in the last quarter, including KBC Group NV, and Traynor Capital Management Inc.. 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 $0.73.

How big of a company is Transocean?

Transocean has a market capitalization of $445.68 million 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 10/29/2020 by MarketBeat.com Staff

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