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 Crypto 101 Media[Urgent] Hedge Funds Expect Major Crypto MovesIn the year following Bitcoin’s last Halving event, that happened in May of 2020… Bitcoin shot up over 550%. But that’s not all… Click here to register now. 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)Obama wins Presidential debate When I said Obama would seek a third term… They called me a conspiracy theorist, they said it couldn’t happen, that the 22nd Amendment makes it impossible. But as I explained on live radio years ago, “he could have a proxy… while he remains in control of the administration much like Putin did in Russia.” 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)Obama wins Presidential debate When I said Obama would seek a third term… They called me a conspiracy theorist, they said it couldn’t happen, that the 22nd Amendment makes it impossible. But as I explained on live radio years ago, “he could have a proxy… while he remains in control of the administration much like Putin did in Russia.” 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 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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). 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