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 announced a quarterly dividend on Thursday, November 3rd. Investors of record on Monday, November 14th will be paid a dividend of $0.3625 per share on Tuesday, November 22nd. This represents a $1.45 dividend on an annualized basis and a dividend 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 results on Wednesday, August, 3rd. The company reported $0.52 EPS for the quarter, beating the Zacks' consensus estimate of $0.51 by $0.01. The company earned $155 million during the quarter, compared to analyst estimates of $145.20 million. Transocean Partners LLC had a return on equity of 13.03% and a net margin of 53.12%. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business 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 equities research analysts have issued 1 year price targets for Transocean Partners LLC's shares. Their forecasts range from $18.00 to $18.00. On average, they expect Transocean Partners LLC's stock 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:  2.2 out of 5 (star star)
Outperform Votes:  59 (Vote Outperform)
Underperform Votes:  74 (Vote Underperform)
Total Votes:  133
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)

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 9/25/2015 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)
Latest Headlines for Transocean Partners LLC (NYSE:RIGP)
Source:
DateHeadline
americanbankingnews.com logoFinancial Contrast: Seadrill (SDRL) versus Transocean Partners (NYSE:RIGP)
www.americanbankingnews.com - July 29 at 6:11 PM
americanbankingnews.com logoNabors Industries (NBR) & Transocean Partners (RIGP) Head to Head Analysis
www.americanbankingnews.com - July 17 at 10:26 AM
americanbankingnews.com logoComparing Transocean Partners (RIGP) and Transocean (RIG)
www.americanbankingnews.com - July 17 at 9:55 AM
americanbankingnews.com logoAnalyzing Ensco Plc (ESV) & Transocean Partners (RIGP)
www.americanbankingnews.com - July 3 at 12:22 AM
fool.com logoTransocean: Earnings Remain the Same, but the Company Is Still Changing
www.fool.com - February 23 at 7:39 PM
biz.yahoo.com logoTRANSOCEAN PARTNERS LLC Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Notice of Delisting o
biz.yahoo.com - December 9 at 7:29 PM
seekingalpha.com logoTransocean Partners: One Of The Best Stories Of 2016 - Seeking Alpha
seekingalpha.com - December 8 at 12:24 AM
us.rd.yahoo.com logoMerger Approved at Special Meeting of Unitholders
us.rd.yahoo.com - December 6 at 7:11 PM
us.rd.yahoo.com logo10:45 am Transocean Partners unitholders approve merger with Transocean (RIG); deal expected to close on or around Dec 9
us.rd.yahoo.com - December 6 at 7:11 PM
biz.yahoo.com logoTRANSOCEAN PARTNERS LLC Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matters to a Vot
us.rd.yahoo.com - December 6 at 7:11 PM
fool.com logoTransocean LTD, Transocean Partners LLC, and Seadrill Ltd Stocks Up 30% in November: Here's What You Really Need to Know
www.fool.com - December 6 at 4:16 PM
biz.yahoo.com logoTRANSOCEAN PARTNERS LLC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhi
biz.yahoo.com - November 21 at 7:40 PM
finance.yahoo.com logoTransocean Partners LLC Announces Adjournment of Special Meeting until December 6, 2016
finance.yahoo.com - November 16 at 10:50 AM
biz.yahoo.com logoTRANSOCEAN PARTNERS LLC Files SEC form 8-K/A, Other Events, Financial Statements and Exhibits
biz.yahoo.com - November 7 at 7:58 PM
finance.yahoo.com logoPisani: We're ending the earnings recession
finance.yahoo.com - November 3 at 11:26 AM
fool.com logoTransocean's Cost Cutting Efforts Keep the Company's Earnings Afloat
www.fool.com - November 3 at 11:26 AM
wsj.com logo[$$] Transocean Reports Sharply Lower Quarterly Profit, Revenue
www.wsj.com - November 2 at 7:28 PM
wsj.com logo[$$] Carl Icahn Cuts Stake in Transocean
www.wsj.com - September 28 at 6:48 PM
wsj.com logo[$$] Rearguard Action
www.wsj.com - September 6 at 11:48 AM
finance.yahoo.com logoZacks.com featured highlights: Craft Brew Alliance, EZCORP, Service Corporation, Transocean Partners and Barnes & Noble
finance.yahoo.com - August 30 at 10:21 AM
blogs.barrons.com logoTransocean: What Its Roll-Up Filing Says About the Future of Offshore Drilling
blogs.barrons.com - August 19 at 6:59 PM
thestreet.com logoTransocean (RIG) Stock Down, Submits SEC Filing to Buy Master-Limited Partnership
www.thestreet.com - August 19 at 6:59 PM
nasdaq.com logoTransocean Partners LLC Reports Second Quarter 2016 Results
www.nasdaq.com - August 4 at 10:20 AM
streetinsider.com logoTransocean Partners LLC (RIGP) Tops Q2 EPS by 1c
www.streetinsider.com - August 4 at 10:20 AM
wsj.com logo[$$] Transocean's Profit Drops, but Results Top Expectations
www.wsj.com - August 3 at 7:30 PM
biz.yahoo.com logoQ2 2016 Transocean Partners LLC Earnings Release - After Market Close
biz.yahoo.com - August 3 at 10:25 AM
bizjournals.com logoTransocean to acquire remainder of its MLP
www.bizjournals.com - August 2 at 7:29 PM

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Chart

Transocean Partners LLC (RIGP) Chart for Monday, September, 25, 2017

This page was last updated on 9/25/2017 by MarketBeat.com Staff