Transocean Ltd. (RIG)

NYSE: RIG · IEX Real-Time Price · USD
3.45
+0.01 (0.29%)
At close: Aug 8, 2022 4:00 PM
3.44
-0.01 (-0.29%)
After-hours: Aug 8, 2022 6:47 PM EDT
0.29%
Market Cap 2.43B
Revenue (ttm) 2.53B
Net Income (ttm) -633.00M
Shares Out 705.71M
EPS (ttm) -1.03
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 18,066,111
Open 3.44
Previous Close 3.44
Day's Range 3.34 - 3.48
52-Week Range 2.32 - 5.56
Beta 2.81
Analysts Sell
Price Target 4.00 (+15.9%)
Earnings Date Aug 1, 2022

About RIG

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 14, 2022, the company had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deep water and 10 harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent... [Read more...]

Industry Energy Equipment & Services
IPO Date May 27, 1993
CEO Jeremy Thigpen
Employees 5,000
Stock Exchange NYSE
Ticker Symbol RIG
Full Company Profile

Financial Performance

In 2021, Transocean's revenue was $2.56 billion, a decrease of -18.91% compared to the previous year's $3.15 billion. Losses were -$592.00 million, 4.41% more than in 2020.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for RIG stock is "Sell." The 12-month stock price forecast is 4, which is an increase of 15.94% from the latest price.

Price Target
$4
(15.94% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Transocean (RIG) Posts Narrower Loss, Revenue Beat in Q2

Transocean's (RIG) second-quarter loss is narrower than estimates and revenues outperform the consensus mark.

Transocean (RIG) Stock Soars on New Contract Announcements

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Transocean (RIG) Reports Q2 Loss, Tops Revenue Estimates

Transocean (RIG) delivered earnings and revenue surprises of 9.09% and 5.16%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Transocean Ltd. Announces $321 Million Contract for Ultra-Deepwater Drillship Deepwater Conqueror

STEINHAUSEN, Switzerland, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that the ultra-deepwater drillship, Deepwater Conqueror, has been awarded a two-year contract by a...

Transocean Ltd. Announces $915 Million Contract for Ultra-Deepwater Drillship Petrobras 10000

STEINHAUSEN, Switzerland, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that the ultra-deepwater drillship, Petrobras 10000, received a 5.8-year contract for work offshor...

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Transocean Ltd. Reports Second Quarter 2022 Results

STEINHAUSEN, Switzerland, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $68 million, $0.10 per diluted share, for the th...

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Transocean Ltd. Provides Quarterly Fleet Status Report

STEINHAUSEN, Switzerland, July 25, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, th...

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Transocean Ltd. Announces Second Quarter 2022 Earnings Release Date

STEINHAUSEN, Switzerland, July 18, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter of 2022, after the close of trading on the NYS...

Down 28.9% in 4 Weeks, Here's Why Transocean (RIG) Looks Ripe for a Turnaround

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Transocean (RIG) Takes Delivery of First-Ever 8th-Gen Drillship

Transocean (RIG) takes the delivery of the world's first eighth-generation drillship, Deepwater Atlas, by Sembcorp Marine in Singapore.

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