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NYSE:RIG

Transocean (RIG) Stock Price, News & Analysis

Transocean logo
$5.32 +0.14 (+2.61%)
Closing price 03:59 PM Eastern
Extended Trading
$5.35 +0.03 (+0.66%)
As of 05:21 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

About Transocean Stock (NYSE:RIG)

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Key Stats

Today's Range
$5.27
▼
$5.41
50-Day Range
$5.10
▼
$6.94
52-Week Range
$3.68
▼
$7.66
Volume
28.04 million shs
Average Volume
41.03 million shs
Market Capitalization
$5.94 billion
P/E Ratio
37.96
Dividend Yield
N/A
Price Target
$6.61
Consensus Rating
Hold

Company Overview

Transocean Ltd. is an offshore contract drilling company that provides drilling services to oil and gas companies around the world. Its work focuses on offshore exploration and development, particularly in deepwater and harsh-environment locations.

The company owns and operates a fleet of offshore drilling rigs, including drillships and semisubmersible rigs. It contracts these rigs to customers and provides the crews and related services needed to conduct offshore drilling operations.

Transocean serves customers across multiple offshore regions worldwide. Its business centers on complex drilling projects where deepwater capabilities or equipment suited to challenging conditions are required.

AI Generated. May Contain Errors.

Transocean Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
69th Percentile Overall Score

RIG MarketRank™: 
3.429973821985 of 5 stars

Transocean scored higher than 69% of companies evaluated by MarketBeat, and ranked 140th out of 242 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Transocean has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 strong buy rating, 3 buy ratings, 5 hold ratings, and 3 sell ratings.

  • Upside Potential

    Transocean has a consensus price target of $6.61, representing about 24.3% upside from its current price of $5.32.

  • Amount of Analyst Coverage

    Transocean has only been the subject of 3 research reports in the past 90 days.

  • Read more about Transocean's stock forecast and price target.
  • Earnings Growth

    Earnings for Transocean are expected to grow by 40.00% in the coming year, from $0.20 to $0.28 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Transocean is 37.96, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.56.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Transocean is 37.96, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 21.32.

  • Price to Earnings Growth Ratio

    Transocean has a PEG Ratio of 3.44. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Transocean has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    31.99% of the float of Transocean has been sold short.
  • Short Interest Ratio / Days to Cover

    Transocean has a short interest ratio ("days to cover") of 6.65.
  • Change versus previous month

    Short interest in Transocean has recently increased by 3.18%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Transocean does not currently pay a dividend.

  • Dividend Growth

    Transocean does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Transocean is 428.57%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Transocean will have a dividend payout ratio of 214.29% in the coming year. This indicates that Transocean may not be able to sustain their current dividend.

  • Read more about Transocean's dividend.
  • News Sentiment

    Transocean has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Transocean this week, compared to 9 articles on an average week.
  • Search Interest

    19 people have searched for RIG on MarketBeat in the last 30 days. This is an increase of 46% compared to the previous 30 days.
  • MarketBeat Follows

    Only 11 people have added Transocean to their MarketBeat watchlist in the last 30 days. This is a decrease of -15% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Transocean insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    9.70% of the stock of Transocean is held by insiders.

  • Percentage Held by Institutions

    67.73% of the stock of Transocean is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Transocean's insider trading history.
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RIG Stock News Headlines

Morgan Stanley Adjusts Transocean Price Target to $6.50 From $7
Transocean (NYSE:RIG) Downgraded by Wall Street Zen to Sell
My public warning after 55 years of watching the markets
Dr. Martin D. Weiss has publicly predicted six major American market crashes over his 55-year career, each warning issued before the crisis hit. Now the founder of Weiss Ratings, the only conflict-free rating agency in America, says he is watching a $3 trillion problem that could trigger a chain reaction across markets and banks.tc pixel
Transocean's Plunge Offers Upside As Its Big Merger Nears
See More Headlines

RIG Stock Analysis - Frequently Asked Questions

Transocean's stock was trading at $4.15 on January 1st, 2026. Since then, RIG stock has increased by 28.1% and is now trading at $5.3150.

Transocean Ltd. (NYSE:RIG) issued its earnings results on Monday, November, 2nd. The offshore drilling services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.00. The business's revenue was down 8.9% compared to the same quarter last year.
Read the conference call transcript
.

Transocean subsidiaries include Ocean Rig, Songa Offshore SE, 15375 Memorial Corporation, Agon Shipping Inc., Aguas Profundas Limitada, Angola Deepwater Drilling Company (Offshore Services) Ltd, AngoSantaFe - Prestacao de Servicos Petroliferos Limitada, and more.

Transocean's top institutional shareholders include Keybank National Association OH (1.15%), Cibc World Market Inc. (0.44%), Penn Capital Management Company LLC (0.34%) and Lancaster Investment Management (0.27%). Insiders that own company stock include Perestroika, Frederik Wilhelm Mohn, (Cyprus) Ltd Perestroika, Jeremy D Thigpen, Keelan Adamson, Roderick James Mackenzie, Chad C Deaton, Robert Thaddeus Vayda and Vanessa C L Chang.
View institutional ownership trends
.

Shares of RIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Transocean investors own include NVIDIA (NVDA), Micron Technology (MU), Tesla (TSLA), Intel (INTC), Occidental Petroleum (OXY), ExxonMobil (XOM) and Advanced Micro Devices (AMD).

Company Calendar

Last Earnings
11/02/2026
Today
11/11/2026
Fiscal Year End
12/31/2026

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Energy
Industry
Energy Equipment & Services
Sub-Industry
Oil & Gas Drilling
Current Symbol
NYSE:RIG
CIK
1451505
Employees
5,600
Year Founded
1953

Price Target and Rating

High Price Target
$10.00
Low Price Target
$4.50
Potential Upside/Downside
+24.3%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

EPS (Trailing Twelve Months)
$0.14
Trailing P/E Ratio
37.96
Forward P/E Ratio
18.98
P/E Growth
3.44
Net Income
-$2.92 billion
Net Margins
7.25%
Pretax Margin
5.17%
Return on Equity
1.84%
Return on Assets
1.00%

Debt

Debt-to-Equity Ratio
0.54
Current Ratio
1.53
Quick Ratio
1.24

Sales & Book Value

Annual Sales
$4.03 billion
Price / Sales
1.47
Cash Flow
$0.69 per share
Price / Cash Flow
7.65
Book Value
$7.57 per share
Price / Book
0.70

Miscellaneous

Outstanding Shares
1,116,922,000
Free Float
1,008,581,000
Market Cap
$5.94 billion
Optionable
Optionable
Beta
1.44

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This page (NYSE:RIG) was last updated on 11/11/2026 by MarketBeat.com Staff.
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