Transocean Partners LLC Company Profile (NYSE:RIGP)

About Transocean Partners LLC (NYSE:RIGP)

Transocean Partners LLC logoTransocean Partners LLC a limited liability company. The Company is formed by Transocean Partners Holdings Limited and a subsidiary of Transocean Ltd. (Transocean), to own, operate and acquire advanced offshore drilling rigs. The Company's assets consist of over 50% ownership interest in each of the entities that owns and operates over three ultra-deepwater drilling rigs that are operating in the U.S. Gulf of Mexico, which include Discoverer Clear Leader, Discoverer Inspiration and Development Driller III. The Company owns or has partial ownership interests in, and operated over 60 mobile offshore drilling units, including approximately 30 ultra-deepwater floaters, over seven harsh environment floaters, approximately five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups. Transocean also has approximately six ultra-deepwater drillships and over five high-specification jackups under construction.

Industry, Sector and Symbol: Average Prices:
  • 50 Day Moving Avg: $17.83
  • 200 Day Moving Avg: $14.44
  • 52 Week Range: $8.18 - $17.91
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 13.93
  • P/E Growth: 0.00
Profitability:
  • Net Margins: 53.12%
  • Return on Equity: 13.03%
  • Return on Assets: 15.28%
Debt:
  • Current Ratio: 7.63%
  • Quick Ratio: 6.90%
Misc:
  • Average Volume: 24,068 shs.
  • Beta: 1.68
 

Frequently Asked Questions for Transocean Partners LLC (NYSE:RIGP)

What is Transocean Partners LLC's stock symbol?

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

How often does Transocean Partners LLC pay dividends? What is the dividend yield for Transocean Partners LLC?

Transocean Partners LLC declared a quarterly dividend on Thursday, November 3rd. Investors of record on Monday, November 14th will be given a dividend of $0.3625 per share on Tuesday, November 22nd. This represents a $1.45 annualized dividend and a yield of 8.13%. The ex-dividend date of this dividend is Thursday, November 10th. View Transocean Partners LLC's Dividend History.

How were Transocean Partners LLC's earnings last quarter?

Transocean Partners LLC (NYSE:RIGP) released its quarterly earnings data on Wednesday, August, 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.51 by $0.01. The business earned $155 million during the quarter, compared to the consensus estimate of $145.20 million. Transocean Partners LLC had a net margin of 53.12% and a return on equity of 13.03%. The company's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. View Transocean Partners LLC's Earnings History.

Where is Transocean Partners LLC's stock going? Where will Transocean Partners LLC's stock price be in 2017?

1 brokerages have issued 1-year target prices for Transocean Partners LLC's stock. Their forecasts range from $18.00 to $18.00. On average, they expect Transocean Partners LLC's share price to reach $18.00 in the next twelve months. View Analyst Ratings for Transocean Partners LLC.

Who are some of Transocean Partners LLC's key competitors?

How do I buy Transocean Partners LLC stock?

Shares of Transocean Partners LLC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Transocean Partners LLC's stock price today?

One share of Transocean Partners LLC stock can currently be purchased for approximately $17.83.


MarketBeat Community Rating for Transocean Partners LLC (NYSE RIGP)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  65 (Vote Outperform)
Underperform Votes:  78 (Vote Underperform)
Total Votes:  143
MarketBeat's community ratings are surveys of what our community members think about Transocean Partners LLC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Transocean Partners LLC (NYSE:RIGP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $18.00 (0.95% upside)
Consensus Price Target History for Transocean Partners LLC (NYSE:RIGP)
Price Target History for Transocean Partners LLC (NYSE:RIGP)
Analysts' Ratings History for Transocean Partners LLC (NYSE:RIGP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
12/20/2016Evercore ISIUpgradeBuy$18.00N/AView Rating Details
8/1/2016SidotiDowngradeBuy -> Neutral$18.00 -> $12.00N/AView Rating Details
7/26/2016Morgan StanleyDowngradeOverweight -> Equal Weight$14.00N/AView Rating Details
7/11/2016Citigroup Inc.Boost Price TargetNeutral$8.00 -> $11.25N/AView Rating Details
7/7/2016Wells Fargo & CompanyReiterated RatingHold$7.50N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Transocean Partners LLC (NYSE:RIGP)
Earnings by Quarter for Transocean Partners LLC (NYSE:RIGP)
Earnings History by Quarter for Transocean Partners LLC (NYSE RIGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/3/2016Q2$0.51$0.52$145.20 million$155.00 millionViewN/AView Earnings Details
5/6/2016Q1$0.50$0.45$149.25 million$144.00 millionViewN/AView Earnings Details
2/24/2016Q4$0.45$0.49$146.95 million$154.00 millionViewListenView Earnings Details
11/4/2015Q3$0.32$0.19$112.70 million$125.00 millionViewN/AView Earnings Details
8/6/2015Q2$0.38$0.51$141.44 million$161.00 millionViewN/AView Earnings Details
5/6/2015Q115$0.38$0.41$136.10 million$140.00 millionViewN/AView Earnings Details
2/25/2015Q414$0.59$0.28$137.20 million$138.00 millionViewN/AView Earnings Details
11/10/2014Q1$0.52$0.24$145.00 million$136.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Transocean Partners LLC (NYSE:RIGP)
Current Year EPS Consensus Estimate: $2.02 EPS
Next Year EPS Consensus Estimate: $1.28 EPS

Dividends

Current Dividend Information for Transocean Partners LLC (NYSE:RIGP)
Most Recent Dividend:11/22/2016
Annual Dividend:$1.45
Dividend Yield:8.13%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:70.05% (Trailing 12 Months of Earnings)
71.78% (Based on This Year's Estimates)
113.28% (Based on Next Year's Estimates)
Track Record:2 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Transocean Partners LLC (NYSE:RIGP)

Dividend History by Quarter for Transocean Partners LLC (NYSE RIGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/3/2016quarterly$0.3612.75%11/10/201611/14/201611/22/2016
8/3/2016quarterly$0.3611.76%8/11/20168/15/20168/24/2016
5/6/2016quarterly$0.3611.35%5/13/20165/17/20165/24/2016
2/10/2016quarterly$0.3619.18%2/18/20162/22/20162/25/2016
10/29/2015quarterly$0.3612.81%11/5/201511/9/201511/23/2015
7/31/2015quarterly$0.3610.86%8/10/20158/12/20158/25/2015
5/5/2015quarterly$0.369.43%5/13/20155/15/20155/27/2015
2/10/2015quarterly$0.369.28%2/18/20152/20/20152/26/2015
11/6/2014special$0.2211/13/201411/17/201411/24/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Transocean Partners LLC (NYSE:RIGP)
Insider Ownership Percentage: 0.09%
Institutional Ownership Percentage: 28.98%
Insider Trades by Quarter for Transocean Partners LLC (NYSE:RIGP)
Institutional Ownership by Quarter for Transocean Partners LLC (NYSE:RIGP)
Insider Trades by Quarter for Transocean Partners LLC (NYSE:RIGP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/4/2016Norman J SzydlowskiDirectorBuy1,500$9.15$13,725.00View SEC Filing  
9/4/2015Michael David Lynch-BellDirectorBuy1,500$11.10$16,650.00View SEC Filing  
3/2/2015Norman J SzydlowskiDirectorBuy1,500$13.75$20,625.00View SEC Filing  
12/12/2014Garry TaylorCFOBuy1,650$15.06$24,849.00View SEC Filing  
12/9/2014John Kirby PlaxtonDirectorBuy1,000$17.87$17,870.00View SEC Filing  
8/5/2014Kathleen S McallisterCEOBuy3,000$25.28$75,840.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Transocean Partners LLC (NYSE:RIGP)
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Chart

Transocean Partners LLC (RIGP) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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