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NYSE:RIG - Transocean Stock Price, Forecast & News

$5.10
-0.14 (-2.67 %)
(As of 01/26/2020 04:00 PM ET)
Today's Range
$4.97
Now: $5.10
$5.24
50-Day Range
$5.10
MA: $6.21
$7.17
52-Week Range
$3.76
Now: $5.10
$9.79
Volume20.58 million shs
Average Volume14.34 million shs
Market Capitalization$3.12 billion
P/E RatioN/A
Dividend YieldN/A
Beta2
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.02 billion
Cash Flow$0.90 per share
Book Value$21.51 per share

Profitability

Net Income$-1,996,000,000.00

Miscellaneous

Employees6,700
Market Cap$3.12 billion
Next Earnings Date2/17/2020 (Confirmed)
OptionableOptionable

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Transocean (NYSE:RIG) Frequently Asked Questions

What is Transocean's stock symbol?

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

How were Transocean's earnings last quarter?

Transocean LTD (NYSE:RIG) announced its quarterly earnings data on Monday, October, 28th. The offshore drilling services provider reported ($0.38) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.40) by $0.02. The offshore drilling services provider earned $784 million during the quarter, compared to the consensus estimate of $773.64 million. Transocean had a negative return on equity of 6.26% and a negative net margin of 47.50%. The business's revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. View Transocean's Earnings History.

When is Transocean's next earnings date?

Transocean is scheduled to release their next quarterly earnings announcement on Monday, February 17th 2020. View Earnings Estimates for Transocean.

How can I listen to Transocean's earnings call?

Transocean will be holding an earnings conference call on Monday, February 17th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for RIG?

14 analysts have issued twelve-month price objectives for Transocean's stock. Their forecasts range from $2.90 to $12.00. On average, they expect Transocean's share price to reach $7.38 in the next twelve months. This suggests a possible upside of 44.7% from the stock's current price. View Analyst Price Targets for Transocean.

What is the consensus analysts' recommendation for Transocean?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. There are currently 4 sell ratings, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Transocean.

Has Transocean been receiving favorable news coverage?

Media headlines about RIG stock have trended extremely negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Transocean earned a coverage optimism score of -4.5 on InfoTrie's scale. They also assigned press coverage about the offshore drilling services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Transocean.

Are investors shorting Transocean?

Transocean saw a decline in short interest in the month of December. As of December 13th, there was short interest totalling 61,550,000 shares, a decline of 5.1% from the November 28th total of 64,890,000 shares. Based on an average trading volume of 16,930,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 10.8% of the company's shares 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 folowing 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)

Who are Transocean's major shareholders?

Transocean's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Manning & Napier Group LLC (0.83%), Wedge Capital Management L L P NC (0.44%), Commerzbank Aktiengesellschaft FI (0.24%), Foundation Resource Management Inc. (0.08%), Granite Investment Advisors LLC (0.04%) and State of Michigan Retirement System (0.03%). Company insiders that own Transocean stock include Chad C Deaton, David A Tonnel, Frederik Wilhelm Mohn, 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 Commerzbank Aktiengesellschaft FI, Manning & Napier Group LLC, Foundation Resource Management Inc., Wedge Capital Management L L P NC, Granite Investment Advisors LLC, Brave Asset Management Inc., Cerebellum GP LLC and Exane Derivatives. View Insider Buying and Selling for Transocean.

Which major investors are buying Transocean stock?

RIG stock was purchased by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Calamos Advisors LLC, SeaCrest Wealth Management LLC, Resource Management LLC, Wealthfront Advisers LLC, Arkfeld Wealth Strategies L.L.C., Fruth Investment Management and Steward Partners Investment Advisory LLC. Company insiders that have bought Transocean stock in the last two years include Chad C Deaton, Frederik Wilhelm Mohn, Howard E Davis, Vanessa C L Chang and Vincent J Intrieri. View Insider Buying and Selling 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 $5.10.

How big of a company is Transocean?

Transocean has a market capitalization of $3.12 billion and generates $3.02 billion in revenue each year. The offshore drilling services provider earns $-1,996,000,000.00 in net income (profit) each year or ($0.79) on an earnings per share basis. Transocean employs 6,700 workers across the globe.View Additional Information About Transocean.

What is Transocean's official website?

The official website for Transocean is http://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]


MarketBeat Community Rating for Transocean (NYSE RIG)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  864 (Vote Outperform)
Underperform Votes:  1,524 (Vote Underperform)
Total Votes:  2,388
MarketBeat's community ratings are surveys of what our community members think about Transocean and other stocks. Vote "Outperform" if you believe RIG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RIG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/26/2020 by MarketBeat.com Staff

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