NYSE:RIG

Transocean Stock Forecast, Price & News

$3.61
-0.06 (-1.63 %)
(As of 07/30/2021 05:17 PM ET)
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Today's Range
$3.59
$3.69
50-Day Range
$3.35
$5.08
52-Week Range
$0.65
$5.13
Volume13.82 million shs
Average Volume26.27 million shs
Market Capitalization$2.23 billion
P/E RatioN/A
Dividend YieldN/A
Beta3.66
30 days | 90 days | 365 days | Advanced Chart
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Transocean logo

About Transocean

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 22, 2021, the company owned or had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deepwater and 10 harsh environment floaters. It serves integrated oil companies, government-owned or government-controlled oil companies, and other independent oil companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.

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MarketRank

Overall MarketRank

1.47 out of 5 stars

Oils/Energy Sector

231st out of 712 stocks

Drilling Oil & Gas Wells Industry

5th out of 39 stocks

Analyst Opinion: 0.8Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -
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Transocean (NYSE:RIG) Frequently Asked Questions

Is Transocean a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 3 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Transocean wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Transocean?

Transocean saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 53,880,000 shares, a drop of 22.0% from the June 30th total of 69,120,000 shares. Based on an average daily trading volume, of 25,600,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 9.5% of the company's shares are sold short.
View Transocean's Short Interest
.

When is Transocean's next earnings date?

Transocean is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Transocean
.

How can I listen to Transocean's earnings call?

Transocean will be holding an earnings conference call on Tuesday, August 3rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 719-457-0820 with passcode "1865445".

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) posted its quarterly earnings results on Sunday, May, 2nd. The offshore drilling services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by $0.01. The offshore drilling services provider earned $653 million during the quarter, compared to analyst estimates of $653.71 million. Transocean had a negative trailing twelve-month return on equity of 3.51% and a negative net margin of 9.00%. The business's revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.30) 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 165.4% and is now trading at $3.61.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for RIG?

8 analysts have issued 1 year price targets for Transocean's shares. Their forecasts range from $1.15 to $4.00. On average, they expect Transocean's stock price to reach $3.02 in the next twelve months. This suggests that the stock has a possible downside of 16.3%.
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:
  • Mr. Jeremy D. Thigpen, Pres, CEO & Exec. Director (Age 46, Pay $3.5M)
  • Mr. Mark-Anthony Lovell Mey Sr., Exec. VP & CFO (Age 58, Pay $2.08M)
  • Mr. Keelan I. Adamson, Exec. VP & Chief Operations Officer (Age 51, Pay $1.53M)
  • Mr. Howard E. Davis, Exec. VP, Chief Admin. Officer & Chief Information Officer (Age 62, Pay $1.41M)
  • Mr. Brady K. Long, Exec. VP & Gen. Counsel (Age 48, Pay $1.41M)
  • Mr. David A. Tonnel, Sr. VP & Chief Accounting Officer (Age 51)
  • Mr. Robert Thaddeus Vayda, VP of Corp. Fin. & Treasurer
  • Ms. Janelle Daniel, VP of HR, Sustainability & Communications
  • Mr. Roddie Mackenzie, Sr. VP of Marketing, Innovation & Industry Relations
  • Mr. Jason B. Pack, VP & Chief Audit Exec.

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 institutional and retail investors. Top institutional shareholders include Brookstone Capital Management (0.01%), Hodges Capital Management Inc. (0.01%) and DAVENPORT & Co LLC (0.00%). Company insiders that own Transocean stock include Chad C Deaton, David A Tonnel, Edward R Muller, Jack Sinclair, Perestroika, Saint Victor Diane De, Vanessa C L Chang and W R Jr Stephens.
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 Hodges Capital Management Inc.. Company insiders that have sold Transocean company stock in the last year include Jack Sinclair, and W R Jr Stephens.
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 Brookstone Capital Management, and DAVENPORT & Co LLC. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, Edward R Muller, Perestroika, Saint Victor Diane De, and Vanessa C L Chang.
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 $3.61.

How much money does Transocean make?

Transocean has a market capitalization of $2.23 billion and generates $3.15 billion in revenue each year. The offshore drilling services provider earns $-567,000,000.00 in net income (profit) each year or ($0.76) on an earnings per share basis.

How many employees does Transocean have?

Transocean employs 5,350 workers across the globe.

Does Transocean have any subsidiaries?

The following companies are subsidiares of Transocean: Ocean Rig.

When was Transocean founded?

Transocean was founded in 1953.

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 7/30/2021 by MarketBeat.com Staff
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