NYSE:RIG Transocean (RIG) Stock Price, News & Analysis $5.10 -0.08 (-1.54%) (As of 07/5/2024 08:53 PM ET) Add Compare Share Share Today's Range$5.04▼$5.1950-Day Range$5.04▼$6.2452-Week Range$4.45▼$8.88Volume11.64 million shsAverage Volume18.14 million shsMarket Capitalization$4.80 billionP/E RatioN/ADividend YieldN/APrice Target$7.70 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Transocean alerts: Email Address Transocean MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside51.0% Upside$7.70 Price TargetShort InterestBearish14.83% of Shares Sold ShortDividend StrengthN/ASustainability-7.91Upright™ Environmental ScoreNews SentimentN/AInsider TradingAcquiring Shares$12.02 M Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.04) to $0.27 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.05 out of 5 starsOils/Energy Sector118th out of 228 stocksDrilling Oil & Gas Wells Industry7th out of 13 stocks 3.2 Analyst's Opinion Consensus RatingTransocean has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 5 buy ratings, 4 hold ratings, and 1 sell rating.Amount of Analyst CoverageTransocean has only been the subject of 4 research reports in the past 90 days.Read more about Transocean's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted14.83% of the outstanding shares of Transocean have been sold short.Short Interest Ratio / Days to CoverTransocean has a short interest ratio ("days to cover") of 8.1.Change versus previous monthShort interest in Transocean has recently increased by 7.84%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldTransocean does not currently pay a dividend.Dividend GrowthTransocean does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTransocean has received a -231.06% net impact score from Upright. The largest negative impact of Transocean in category "GHG emissions" is driven by its "Oil drilling services" and "Deepwater oil drilling machinery" products. See details.Environmental SustainabilityThe Environmental Impact score for Transocean is -7.91. Previous Next 1.0 News and Social Media Coverage News SentimentTransocean has a news sentiment score of -0.12. 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 is a lower news sentiment than the 0.92 average news sentiment score of Oils/Energy companies.Search InterestOnly 23 people have searched for RIG on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Transocean to their MarketBeat watchlist in the last 30 days. This is a decrease of -53% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Transocean insiders have bought more of their company's stock than they have sold. Specifically, they have bought $12,020,000.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders12.54% of the stock of Transocean is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions67.73% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Transocean are expected to grow in the coming year, from ($0.04) to $0.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Transocean is -9.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Transocean is -9.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioTransocean has a P/B Ratio of 0.40. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Transocean's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyKiss of death from Joe BidenI did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but Biden does not care.I have uncovered a bombshell that changes everything… and threatens everything. About Transocean Stock (NYSE:RIG)Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled energy companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.Read More RIG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RIG Stock News HeadlinesJune 26, 2024 | globenewswire.comTransocean Ltd. Announces $188 Million Ultra-Deepwater Drillship Contract ExtensionJune 13, 2024 | investorplace.com7 Undervalued Oil & Gas Stocks to Buy Before Crude Trends HigherJuly 8, 2024 | Porter & Company (Ad)Kiss of death from Joe BidenI did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but Biden does not care.June 4, 2024 | seekingalpha.comTransocean: Disappointing Contracting Activity And More Dilution Ahead - HoldJune 4, 2024 | globenewswire.comTransocean Ltd. Announces $161 Million in Contract Extensions and Exercised Options for Harsh Environment SemisubmersiblesMay 20, 2024 | msn.comInsider Trading: Transocean Stock Gains on Huge Insider BuyMay 18, 2024 | finance.yahoo.comDirector and 10% Owner (cyprus) Perestroika Acquires 2,000,000 Shares of Transocean Ltd (RIG)May 15, 2024 | msn.comElliott Management's Q1 moves include adding Nvidia, Transocean, exiting ValarisJuly 8, 2024 | Porter & Company (Ad)Kiss of death from Joe BidenI did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but Biden does not care.May 10, 2024 | seekingalpha.comTransocean Stock - The Good News Is IgnoredMay 2, 2024 | seekingalpha.comTransocean Breaks $500k Dayrates, But Several Issues LingerMay 2, 2024 | bizjournals.comTransocean lands Gulf of Mexico contracts worth more than $500,000 per dayMay 1, 2024 | seekingalpha.comTransocean: Stock Sells Off On Underwhelming Results And Guidance - HoldMay 1, 2024 | globenewswire.comTransocean Ltd. Announces Consent Solicitation for 8.375% Senior Secured Notes due 2028April 30, 2024 | fool.comTransocean (RIG) Q1 2024 Earnings Call TranscriptApril 30, 2024 | msn.comWhy Transocean Stock Is Sinking TuesdayApril 30, 2024 | finance.yahoo.comTransocean Ltd (RIG) Q1 2024 Earnings: Surpasses Analyst Revenue Forecasts, Adjusts to Market ...April 29, 2024 | investorplace.comRIG Stock Earnings: Transocean Beats EPS, Misses Revenue for Q1 2024See More Headlines Receive RIG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings4/29/2024Today7/07/2024Next Earnings (Estimated)7/29/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Drilling oil & gas wells Sub-IndustryN/A Current SymbolNYSE:RIG CUSIPN/A CIK1451505 Webwww.deepwater.com Phone(141) 479-0500Fax41 71 323 27 750Employees5,800Year Founded1953Price Target and Rating Average Stock Price Target$7.70 High Stock Price Target$12.00 Low Stock Price Target$6.00 Potential Upside/Downside+51.0%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($0.52) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-954,000,000.00 Net Margins-13.27% Pretax Margin-21.05% Return on Equity-4.67% Return on Assets-2.42% Debt Debt-to-Equity Ratio0.65 Current Ratio1.35 Quick Ratio1.04 Sales & Book Value Annual Sales$2.83 billion Price / Sales1.69 Cash Flow$0.13 per share Price / Cash Flow38.21 Book Value$12.88 per share Price / Book0.40Miscellaneous Outstanding Shares940,830,000Free Float716,805,000Market Cap$4.80 billion OptionableOptionable Beta2.85 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Jeremy D. Thigpen (Age 49)CEO & Executive Director Comp: $3.05MMr. Keelan I. Adamson (Age 54)President & COO Comp: $1.8MMr. Mark-Anthony Lovell Mey Sr. (Age 61)Executive VP & CFO Comp: $2.48MMr. Howard E. Davis (Age 65)Executive VP, Chief Administrative Officer & Chief Information Officer Comp: $1.8MMr. Brady K. Long (Age 51)Executive VP & General Counsel Comp: $1.36MMr. David A. Tonnel (Age 54)Senior VP & Chief Accounting Officer Comp: $1.14MMr. Robert Thaddeus VaydaSenior Vice President of Corporate Finance & TreasurerMr. Paul JohnsonVice President of Technical ServicesMs. Alison JohnsonDirector of Investor RelationsMs. Janelle DanielSenior Vice President of Human Resources, Sustainability & CommunicationsMore ExecutivesKey CompetitorsValarisNYSE:VALPatterson-UTI EnergyNASDAQ:PTENHelmerich & PayneNYSE:HPHighPeak EnergyNASDAQ:HPKPrecision DrillingNYSE:PDSView All CompetitorsInsiders & InstitutionsCetera Advisors LLCBought 49,356 shares on 5/24/2024Ownership: 0.009%Walleye Trading LLCSold 21,300 shares on 5/17/2024Ownership: 0.000%Castleark Management LLCBought 372,380 shares on 5/17/2024Ownership: 0.051%Jaffetilchin Investment Partners LLCBought 30,654 shares on 5/17/2024Ownership: 0.004%Tidal Investments LLCSold 6,336 shares on 5/17/2024Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions RIG Stock Analysis - Frequently Asked Questions How have RIG shares performed this year? Transocean's stock was trading at $6.35 at the beginning of the year. Since then, RIG shares have decreased by 19.7% and is now trading at $5.10. View the best growth stocks for 2024 here. How were Transocean's earnings last quarter? Transocean Ltd. (NYSE:RIG) posted its earnings results on Monday, April, 29th. The offshore drilling services provider reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.10. The company's revenue was up 18.2% on a year-over-year basis. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? 57 employees have rated Transocean Chief Executive Officer Jeremy D. Thigpen on Glassdoor.com. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Does Transocean have any subsidiaries? Transocean subsidiaries include these companies: 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 others. How do I buy shares of Transocean? 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. Compare Top Brokerages Here. What other stocks do shareholders of Transocean own? Based on aggregate information from My MarketBeat watchlists, some other companies that Transocean investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW) and Athabasca Oil (ATH). This page (NYSE:RIG) was last updated on 7/8/2024 by MarketBeat.com Staff From Our PartnersWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made...StocksToTrade | SponsoredI’m giving you the name of this investment for freeThis key unlocks a new pathway to wealth that has been kept hidden from you for decades. In my new documen...Porter & Company | SponsoredOperation Replace Biden is a GoLast night’s debate proved me right: Joe Biden will be replaced. I’ve been making this warning for months… ...The Freeport Society | SponsoredBreaking News: Elon Musk Invents New Type of A.I. (Shocking)Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street vete...InvestorPlace | SponsoredBiden to drop out; finish out his term?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in...Paradigm Press | SponsoredExposed: 3 CENT Crypto to Explode June 24th?Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 diffe...True Market Insiders | SponsoredNvidia’s Quiet $1 Trillion PivotNvidia recently added $277 billion in market cap … IN ONE DAY.Weiss Ratings | SponsoredThe asset beating inflation by 4xCentral Bank Gold Heist In Progress Central banks are buying gold at record rates... and billionaire invest...Colonial Metals | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Transocean Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Share Transocean With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
