Transocean (RIG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $4.23 to $4.39
• 50-Day Range: $3.92 to $4.68
• 52-Week Range: $3.85 to $6.88
• Volume: 16.31 million shs
• Average Volume: 18.54 million shs
• Market Capitalization: $3.81 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.63
• Consensus Rating: Hold

Transocean Stock Analysis - MarketRank™

Transocean scored higher than 85% of companies evaluated by MarketBeat, and ranked 60th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

Transocean has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 3 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Transocean has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Transocean are expected to grow in the coming year, from ($0.16) to $0.19 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Transocean is -5.80, 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. Sector

The P/E ratio of Transocean is -5.80, 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 Ratio

Transocean has a P/B Ratio of 0.37. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

17.06% of the outstanding shares of Transocean have been sold short.

Short Interest Ratio / Days to Cover

Transocean has a short interest ratio ("days to cover") of 7.5.

Change versus previous month

Short interest in Transocean has recently decreased by 0.17%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Transocean does not currently pay a dividend.

Dividend Growth

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

Dividend Sustainability

Based on EPS estimates, Transocean will have a dividend payout ratio of 315.79% in the coming year. This indicates that Transocean may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -7.91

Percentage of Shares Shorted

17.06% of the outstanding shares of Transocean have been sold short.

Short Interest Ratio / Days to Cover

Transocean has a short interest ratio ("days to cover") of 7.5.

Change versus previous month

Short interest in Transocean has recently decreased by 0.17%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.01

News Sentiment

Transocean has a news sentiment score of 0.01. 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 0.69 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Transocean this week, compared to 7 articles on an average week.

Search Interest

52 people have searched for RIG on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.

MarketBeat Follows

20 people have added Transocean to their MarketBeat watchlist in the last 30 days. This is an increase of 11% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Transocean insiders have bought 7,120.28% more of their company's stock than they have sold. Specifically, they have bought $6,195,000.00 in company stock and sold $85,800.00 in company stock.

Percentage Held by Insiders

13.16% 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 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.

RIG Stock Analysis - Frequently Asked Questions

How have RIG shares performed this year?

Transocean's stock was trading at $6.35 on January 1st, 2024. Since then, RIG stock has decreased by 31.5% and is now trading at $4.35.
View the best growth stocks for 2024 here.

How were Transocean's earnings last quarter?

Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Wednesday, July, 31st. The offshore drilling services provider reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $0.07. Transocean's revenue for the quarter was up 18.1% compared to the same quarter last year.

Does Transocean have any subsidiaries?

The following companies are subsidiaries of Transocean: 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.

Who are Transocean's major shareholders?

Top institutional shareholders of Transocean include Primecap Management Co. CA (6.43%), State Street Corp (2.24%), Pilgrim Global Advisors LLC (2.08%) and Geode Capital Management LLC (1.97%). Insiders that own company stock include Perestroika, (Cyprus) Ltd Perestroika, Frederik Wilhelm Mohn, Mark-Anthony Lovell Mey, David A Tonnel, Keelan Adamson, Roderick James Mackenzie, Chad C Deaton and Vanessa C L Chang.
View institutional ownership trends.

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 Micron Technology (MU).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/17/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Drilling oil & gas wells
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:RIG
• CUSIP: N/A
• CIK: 1451505
• Web: www.deepwater.com
• Phone: (141) 479-0500
• Fax: 41 71 323 27 750
• Employees: 5,800
• Year Founded: 1953

Price Target and Rating

• Average Stock Price Target: $6.63
• High Stock Price Target: $8.00
• Low Stock Price Target: $4.50
• Potential Upside/Downside: +54.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.22
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.75)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-954,000,000.00
• Net Margins: -18.81%
• Pretax Margin: -20.16%
• Return on Equity: -1.48%
• Return on Assets: -0.77%

Debt

• Debt-to-Equity Ratio: 0.64
• Current Ratio: 1.64
• Quick Ratio: 1.34

Sales & Book Value

• Annual Sales: $3.31 billion
• Price / Sales: 1.14
• Cash Flow: $0.14 per share
• Price / Cash Flow: 31.46
• Book Value: $11.68 per share
• Price / Book: 0.37

Miscellaneous

• Outstanding Shares: 875,804,000
• Free Float: 760,548,000
• Market Cap: $3.77 billion
• Optionable: Optionable
• Beta: 2.78