NYSE:RIG Transocean (RIG) Stock Price, News & Analysis $4.57 -0.10 (-2.14%) (As of 09/18/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Transocean Stock (NYSE:RIG) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$4.53▼$4.7650-Day Range$3.93▼$5.8252-Week Range$3.85▼$8.71Volume30.12 million shsAverage Volume18.42 million shsMarket Capitalization$4.30 billionP/E RatioN/ADividend YieldN/APrice Target$7.00Consensus RatingHold Company OverviewTransocean 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… Central Bank Abandons USD (Ad)Startling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold. Click here now to get your free 'Protect Your Wealth' Guide. Transocean Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 74th PercentileTransocean scored higher than 74% of companies evaluated by MarketBeat, and ranked 119th 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 Opinion3.2 / 5Analyst RatingHold Consensus RatingTransocean has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 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. Earnings and Valuation1.3 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Transocean are expected to grow in the coming year, from ($0.19) to $0.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Transocean is -8.79, 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 -8.79, 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 0.35. 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. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted16.91% 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 8.2.Change versus previous monthShort interest in Transocean has recently increased by 0.21%, indicating that investor sentiment is decreasing. Dividend0.0 / 5Dividend StrengthWeak Dividend YieldTransocean does not currently pay a dividend.Dividend GrowthTransocean does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, Transocean will have a dividend payout ratio of 214.29% in the coming year. This indicates that Transocean may not be able to sustain their current dividend.Read more about Transocean's dividend. Sustainability and ESG0.0 / 5Environmental Score-7.91 Percentage of Shares Shorted16.91% 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 8.2.Change versus previous monthShort interest in Transocean has recently increased by 0.21%, indicating that investor sentiment is decreasing. News and Social Media2.3 / 5News Sentiment0.07 News SentimentTransocean has a news sentiment score of 0.07. 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 0.62 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 35 news articles for Transocean this week, compared to 7 articles on an average week.Search Interest40 people have searched for RIG on MarketBeat in the last 30 days. This is an increase of 54% compared to the previous 30 days.MarketBeat FollowsOnly 11 people have added Transocean to their MarketBeat watchlist in the last 30 days. This is a decrease of -31% compared to the previous 30 days. Company Ownership4.2 / 5Insider TradingAcquiring Shares 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 $16,655,000.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders13.16% 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 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. RIG Stock News HeadlinesTop 3 Key Investment Trends You Can’t Ignore Ahead of Rate Cuts (RIG)Three trends stand out for investors to consider in the coming months as the new Fed interest rate cuts work their way through the systemSeptember 17 at 7:15 AM | marketbeat.comInsider Buying: Transocean Ltd. (NYSE:RIG) Director Buys $6,195,000.00 in StockSeptember 14, 2024 | insidertrades.comCentral Bank Abandons USDStartling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold. September 18, 2024 | True Gold Republic (Ad)3 Affordable Stocks Under $10 Ready to Rebound Soon (RIG)Three affordable stocks came to shine after the S&P 500's flash crash and recovery, fundamental tailwinds could help them fulfill double-digit upsideAugust 19, 2024 | marketbeat.comTransocean (NYSE:RIG) PT Lowered to $5.00September 18 at 1:59 AM | americanbankingnews.comSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Transocean Ltd. - RIGSeptember 17 at 6:35 PM | prnewswire.comRIG INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Transocean Ltd. and Encourages Investors to Contact the Firm!September 17 at 4:00 PM | globenewswire.comDrillship Sale Highlights Transocean's Debt ConcernsSeptember 17 at 6:37 AM | seekingalpha.comSee More Headlines 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 2024. Since then, RIG stock has decreased by 28.0% and is now trading at $4.57. View the best growth stocks for 2024 here. How were Transocean's earnings last quarter? Transocean Ltd. (NYSE:RIG) announced its earnings results on Wednesday, July, 31st. The offshore drilling services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by $0.07. The business's quarterly revenue was up 18.1% on a year-over-year basis. 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 others. Who are Transocean's major shareholders? Transocean's top institutional shareholders include Primecap Management Co. CA (5.96%), Dimensional Fund Advisors LP (3.90%), Bank of New York Mellon Corp (1.79%) and Van ECK Associates Corp (1.60%). Insiders that own company stock include Perestroika, (Cyprus) Ltd Perestroika, Frederik Wilhelm Mohn, Mark-Anthony Lovell Mey, David A Tonnel, Keelan Adamson, 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 Athabasca Oil (ATH). Company Calendar Last Earnings7/31/2024Today9/18/2024Next Earnings (Estimated)11/04/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Drilling oil & gas wells Sub-IndustryPetroleum And Natural Gas 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$7.00 High Stock Price Target$9.00 Low Stock Price Target$5.00 Potential Upside/Downside+53.2%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage9 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-11.34% Pretax Margin-13.19% Return on Equity-4.76% Return on Assets-2.48% Debt Debt-to-Equity Ratio0.63 Current Ratio1.36 Quick Ratio1.08 Sales & Book Value Annual Sales$3.08 billion Price / Sales1.40 Cash Flow$0.15 per share Price / Cash Flow31.09 Book Value$12.88 per share Price / Book0.35Miscellaneous Outstanding Shares940,829,000Free Float817,016,000Market Cap$4.30 billion OptionableOptionable Beta2.79 Social Links This page (NYSE:RIG) was last updated on 9/18/2024 by MarketBeat.com Staff From Our PartnersThis diversified cannabis pioneer could make huge moves soonThe cannabis industry seems deeply saturated, so how do you know where to best invest your money? 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