NYSE:RIG Transocean (RIG) Stock Price, News & Analysis $4.74 0.00 (0.00%) (As of 08/30/2024 08:55 PM ET) Add Compare Share Share Today's Range$4.64â–Ľ$4.7650-Day Range$4.71â–Ľ$5.8252-Week Range$4.45â–Ľ$8.88Volume14.88 million shsAverage Volume17.87 million shsMarket Capitalization$4.15 billionP/E RatioN/ADividend YieldN/APrice Target$7.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Transocean alerts: Email Address Transocean MarketRank™ Stock AnalysisAnalyst RatingHold2.38 Rating ScoreUpside/Downside53.0% Upside$7.25 Price TargetShort InterestBearish18.14% of Shares Sold ShortDividend StrengthN/ASustainability-7.91Upright™ Environmental ScoreNews Sentiment0.86Based on 9 Articles This WeekInsider TradingAcquiring Shares$10.46 M Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.19) to $0.28 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.3.77 out of 5 starsOils/Energy Sector92nd out of 240 stocksDrilling Oil & Gas Wells Industry4th out of 11 stocks 3.2 Analyst's Opinion Consensus RatingTransocean has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating.Amount of Analyst CoverageTransocean has only been the subject of 1 research reports in the past 90 days.Read more about Transocean's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted18.14% 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 8.7.Change versus previous monthShort interest in Transocean has recently decreased by 1.66%, indicating that investor sentiment is improving. 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 2.7 News and Social Media Coverage News SentimentTransocean has a news sentiment score of 0.86. 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 higher news sentiment than the 0.67 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Transocean this week, compared to 6 articles on an average week.Search InterestOnly 28 people have searched for RIG on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.MarketBeat FollowsOnly 10 people have added Transocean to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% 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 $10,460,000.00 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. Previous Next 1.3 Earnings and Valuation 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 -9.12, 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 -9.12, 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 0.39. 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 Paradigm PressEx WH Advisor Who Predicted Biden Leaving Race Makes Startling New PredictionFormer advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.Click here to see it because it’s a SHOCKER… 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 HeadlinesAugust 19, 2024 | marketbeat.com3 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 6, 2024 | insidertrades.comTransocean Ltd. (NYSE:RIG) Director (Cyprus) Ltd Perestroika Purchases 2,000,000 SharesSeptember 2, 2024 | Paradigm Press (Ad)DNC crowns Kamala, but she’s already DONEIn Trump’s hands, I believe this superweapon could restore America’s global dominance. It will also help Americans struggling under Bidenomics by potentially sending 5 military stocks SOARING. Historically, similar stocks have shot up 16,270% in just 18 months.August 30 at 4:56 PM | finance.yahoo.comTransocean (RIG) Down 13.2% Since Last Earnings Report: Can It Rebound?August 28, 2024 | americanbankingnews.comTransocean Ltd. (NYSE:RIG) Forecasted to Earn Q3 2024 Earnings of ($0.03) Per ShareAugust 27, 2024 | americanbankingnews.comQ2 2025 Earnings Estimate for Transocean Ltd. Issued By Zacks Research (NYSE:RIG)August 21, 2024 | benzinga.comTransocean (NYSE:RIG) Stock Quotes, Forecast and News SummaryAugust 19, 2024 | seekingalpha.comTransocean: Positive Outlook Well-Reflected In Premium Valuation - HoldSeptember 2, 2024 | Paradigm Press (Ad)DNC crowns Kamala, but she’s already DONEIn Trump’s hands, I believe this superweapon could restore America’s global dominance. It will also help Americans struggling under Bidenomics by potentially sending 5 military stocks SOARING. Historically, similar stocks have shot up 16,270% in just 18 months.August 12, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Energy Stocks: Occidental Petroleum (OXY), Calumet Specialty Products (CLMT) and Transocean (RIG)August 11, 2024 | 247wallst.comInsider Buying in These 4 Energy Stocks SurgesAugust 8, 2024 | msn.comTop Research Reports for NVIDIA, Home Depot & Vertex PharmaceuticalsAugust 7, 2024 | markets.businessinsider.comMorgan Stanley Keeps Their Hold Rating on Transocean (RIG)August 2, 2024 | finance.yahoo.comHere's What Analysts Are Forecasting For Transocean Ltd. (NYSE:RIG) After Its Second-Quarter ResultsAugust 2, 2024 | marketwatch.comFluor Cuts 2024 Earnings Guidance After Upbeat 2Q EarningsAugust 2, 2024 | seekingalpha.comTransocean: Don't Sweat The Earnings Miss, There Are Clear Signs Of Strength HereAugust 2, 2024 | seekingalpha.comTransocean Records Record High Dayrates, But More Is Yet To ComeAugust 1, 2024 | seekingalpha.comTransocean Ltd. (RIG) Q2 2024 Earnings Call TranscriptSee 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 Earnings7/31/2024Today9/02/2024Next 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$7.25 High Stock Price Target$9.00 Low Stock Price Target$6.00 Potential Upside/Downside+53.0%Consensus RatingHold Rating Score (0-4)2.38 Research Coverage8 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$2.83 billion Price / Sales1.47 Cash Flow$0.13 per share Price / Cash Flow35.51 Book Value$12.23 per share Price / Book0.39Miscellaneous Outstanding Shares875,470,000Free Float817,016,000Market Cap$4.15 billion OptionableOptionable Beta2.85 Social Links Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. 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 CompetitorsOvintivNYSE:OVVPermian ResourcesNASDAQ:PRChesapeake EnergyNASDAQ:CHKViper EnergyNASDAQ:VNOMAntero ResourcesNYSE:ARView All CompetitorsInsiders & InstitutionsCetera Investment AdvisersSold 35,762 shares on 8/22/2024Ownership: 0.020%Advisory Alpha LLCSold 31,710 shares on 8/21/2024Ownership: 0.005%Senator Investment Group LPSold 7,190,957 shares on 8/20/2024Ownership: 0.033%Point72 Asset Management L.P.Bought 250,800 shares on 8/19/2024Ownership: 0.000%Northwestern Mutual Wealth Management Co.Bought 2,693 shares on 8/16/2024Ownership: 0.000%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 start of the year. Since then, RIG shares have decreased by 25.4% and is now trading at $4.74. View the best growth stocks for 2024 here. How were Transocean's earnings last quarter? Transocean Ltd. (NYSE:RIG) posted 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 was up 18.1% compared to the same quarter last year. 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 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? 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 (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). This page (NYSE:RIG) was last updated on 9/2/2024 by MarketBeat.com Staff From Our PartnersFirst Disruption to $martphones in 15 Years 🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. Reg A inv...Mode Mobile | SponsoredWrite 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 | SponsoredKamala? Trump? _______? Think again. 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