Transocean Ltd. (RIG)

NYSE: RIG · Real-Time Price · USD
3.530
-0.020 (-0.56%)
At close: Dec 20, 2024, 4:00 PM
3.510
-0.020 (-0.57%)
Pre-market: Dec 23, 2024, 9:05 AM EST
-0.56%
Market Cap 3.09B
Revenue (ttm) 3.31B
Net Income (ttm) -623.00M
Shares Out 875.80M
EPS (ttm) -0.84
PE Ratio n/a
Forward PE 50.79
Dividend n/a
Ex-Dividend Date n/a
Volume 22,951,168
Open 3.530
Previous Close 3.550
Day's Range 3.482 - 3.610
52-Week Range 3.482 - 6.880
Beta 2.72
Analysts Hold
Price Target 5.86 (+66.01%)
Earnings Date Feb 18, 2025

About 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 base... [Read more]

Sector Energy
IPO Date May 27, 1993
Employees 5,430
Stock Exchange NYSE
Ticker Symbol RIG
Full Company Profile

Financial Performance

In 2023, Transocean's revenue was $2.83 billion, an increase of 9.98% compared to the previous year's $2.58 billion. Losses were -$954.00 million, 53.6% more than in 2022.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for RIG stock is "Hold." The 12-month stock price forecast is $5.86, which is an increase of 66.01% from the latest price.

Price Target
$5.86
(66.01% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Transocean Ltd. Announces $111 Million Ultra-Deepwater Drillship Contract

STEINHAUSEN, Switzerland, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that a four-well option was exercised for the Dhirubhai Deepwater KG1 with Relian...

5 days ago - GlobeNewsWire

Transocean's Management Is Highly Optimistic

Transocean's CEO is optimistic about the company's future, with a fully contracted fleet for 2024-2026 and high day rates indicating strong market conditions. A potential merger with Seadrill could si...

4 weeks ago - Seeking Alpha

Transocean: Improved Balance Sheet And Catalyst On The Horizon

Transocean owns 26 ultra-deepwater floaters and eight harsh-environment floaters. RIG has a substantial $9.3 billion backlog, positioning it well for future profitability. The industry's big news is S...

5 weeks ago - Seeking Alpha

The Schall Law Firm Encourages Investor Participation In An Inquiry Into Transocean Ltd For Securities Related Infractions

LOS ANGELES, CA / ACCESSWIRE / November 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

6 weeks ago - Accesswire

Transocean Ltd. Is Being Investigated For Securities Fraud And Affected Shareholders Are Urged To Contact The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / November 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

7 weeks ago - Accesswire

The Schall Law Firm Encourages Investor Participation In An Inquiry Into Transocean Ltd For Securities Law Violations

LOS ANGELES, CA / ACCESSWIRE / November 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

7 weeks ago - Accesswire

Transocean: Not A Bargain, But Shielded From Near-Term Market Weakness (Rating Downgrade)

Leading offshore driller Transocean reported better than expected Q3/2024 results with both revenues and profitability exceeding consensus expectations. Backlog of $9.3 billion was up 7.6% on a sequen...

7 weeks ago - Seeking Alpha

Final Trades: Chipotle, Transocean and Barclays

The Investment Committee give you their top stocks to watch for the second half.

Other symbols: BCSCMG
7 weeks ago - CNBC Television

Transocean Ltd. (RIG) Q3 2024 Earnings Call Transcript

Transocean Ltd. (NYSE:RIG) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Alison Johnson - Director of Investor Relations Jeremy D.

7 weeks ago - Seeking Alpha

Transocean Ltd. Is Being Investigated For Securities Fraud And Shareholders With Losses Are Urged To Contact The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / October 31, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

7 weeks ago - Accesswire

Transocean Ltd. Reports Third Quarter 2024 Results

STEINHAUSEN, Switzerland, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $494 million, $0.58 per diluted share, for the...

7 weeks ago - GlobeNewsWire

Transocean: Management Is Keeping This Rig From Sinking

Transocean's recent stability in fundamentals contrasts with its volatile share price, justifying a 'hold' rating despite a 24.9% drop since July. Revenue increased by 18.1% year-over-year, driven by ...

2 months ago - Seeking Alpha

The Schall Law Firm Encourages Investors To Join An Inquiry Into Transocean Ltd For Securities Law Violations

LOS ANGELES, CA / ACCESSWIRE / October 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

2 months ago - Accesswire

Transocean Ltd. Provides Quarterly Fleet Status Report

STEINHAUSEN, Switzerland, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, ...

2 months ago - GlobeNewsWire

Seadrill Stock Surges on Report of Transocean Merger Talks

The two offshore oil drilling companies have discussed how to structure a potential merger, according to a report.

Other symbols: SDRL
2 months ago - Barrons

Seadrill stock jumps on report of talks with Transocean

Shares of Seadrill rallied early Thursday after a report the offshore drilling company is in talks to merge with Transocean.

Other symbols: SDRL
2 months ago - Market Watch

Transocean Ltd. Is Being Investigated For Securities Fraud And Shareholders Are Urged To Reach Out To The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / October 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

2 months ago - Accesswire

Transocean Ltd. Announces Third Quarter 2024 Earnings Release Date

STEINHAUSEN, Switzerland, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the third quarter 2024 on Wednesday, October 30, 2024.

2 months ago - GlobeNewsWire

Transocean Ltd. Is Being Investigated For Securities Fraud And Impacted Shareholders Are Urged To Contact The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / October 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

2 months ago - Accesswire

The Schall Law Firm Encourages Investors With Losses To Join An Inquiry Into Transocean Ltd For Securities Law Violations

LOS ANGELES, CA / ACCESSWIRE / October 20, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

2 months ago - Accesswire

Transocean Ltd. Is Being Investigated For Possible Securities Fraud And Affected Stockholders Are Urged To Reach Out To The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / October 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

2 months ago - Accesswire

3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside

The financial news frequently emphasizes stocks with heavy insider selling, premised on the assumption that insiders believe the stock is overpriced and that they are taking profits ahead of retail in...

Other symbols: CRGYMBLY
2 months ago - Benzinga

Transocean Ltd. Is Being Investigated For Possible Securities Fraud And Affected Shareholders Are Urged To Contact The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / October 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

2 months ago - Accesswire

Transocean Ltd. Announces $193 Million Ultra-Deepwater Drillship Contract

STEINHAUSEN, Switzerland, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in t...

2 months ago - GlobeNewsWire

Transocean Ltd. Is Being Investigated For Possible Securities Fraud And Affected Shareholders Are Urged To Reach Out To The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / October 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd...

2 months ago - Accesswire