company background image
RIG logo

Transocean NYSE:RIG Stock Report

Last Price

US$6.28

Market Cap

US$5.2b

7D

3.6%

1Y

-2.6%

Updated

28 Mar, 2024

Data

Company Financials +

RIG Stock Overview

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide.

RIG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Transocean Ltd. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Transocean
Historical stock prices
Current Share PriceUS$6.28
52 Week HighUS$8.88
52 Week LowUS$4.45
Beta2.75
1 Month Change30.02%
3 Month Change-1.10%
1 Year Change-2.64%
3 Year Change72.53%
5 Year Change-30.61%
Change since IPO-60.28%

Recent News & Updates

Transocean: The Picture Is Looking Up, But It's Too Early To Get Excited

Mar 26

What You Can Learn From Transocean Ltd.'s (NYSE:RIG) P/S

Mar 13
What You Can Learn From Transocean Ltd.'s (NYSE:RIG) P/S

Transocean: 2024 Not Off To A Good Start

Mar 11

Recent updates

Transocean: The Picture Is Looking Up, But It's Too Early To Get Excited

Mar 26

What You Can Learn From Transocean Ltd.'s (NYSE:RIG) P/S

Mar 13
What You Can Learn From Transocean Ltd.'s (NYSE:RIG) P/S

Transocean: 2024 Not Off To A Good Start

Mar 11

Transocean: Lowering Estimates After Disappointing 2024 Outlook - Hold

Feb 21

Transocean: Improving Liquidity, Deleveraging, And Potential Profitability

Feb 05

Transocean (NYSE:RIG) Has Debt But No Earnings; Should You Worry?

Jan 24
Transocean (NYSE:RIG) Has Debt But No Earnings; Should You Worry?

Transocean: Levered Bet On Deepwater Offshore

Jan 19

Transocean Continues To Face Challenges With Profitability

Jan 13

Transocean: 5 Reasons To Be Bullish Into 2024

Dec 27

Transocean: Set To Rise In 2024

Dec 13

Transocean Stock: Bulls, Do Not Despair

Nov 25

Transocean Has Had Its Ride Higher Already

Nov 17

Transocean - Downgrading On More Gradual Industry Recovery Assumptions - Hold

Nov 02

Transocean: Uninspiring Fleet Status Report Not Likely To Provide A Catalyst - Buy On Weakness

Oct 23

Transocean: Drill Baby Drill

Oct 13

Transocean: May Soar By 200% In The Next 36 Months

Oct 03

Transocean Acquires Newbuild Drillship Following $486 Million Long-Term Contract Award - Buy

Sep 15

Is Transocean (NYSE:RIG) Using Too Much Debt?

Sep 14
Is Transocean (NYSE:RIG) Using Too Much Debt?

Transocean: Deleveraging Story Becomes Clearer

Sep 02

Transocean: Let's Do The Convertible Bond Math

Aug 21

Transocean: Solid Quarter And Great Long-Term Outlook, Buy

Aug 02

Transocean's Fleet Status Report Indicates A Healthy Backlog

Jul 26

Calculating The Fair Value Of Transocean Ltd. (NYSE:RIG)

Jul 10
Calculating The Fair Value Of Transocean Ltd. (NYSE:RIG)

Transocean Gets A New Contract, Wider Recovery Expected

Jul 03

Transocean's Improving Prospects Are Not Reflected In Its Stock Price

Jun 21

Transocean: A Great Trading Tool, But Not Much More

Jun 14

Is Transocean (NYSE:RIG) Using Too Much Debt?

Jun 04
Is Transocean (NYSE:RIG) Using Too Much Debt?

Shareholders Should Be Pleased With Transocean Ltd.'s (NYSE:RIG) Price

Apr 17
Shareholders Should Be Pleased With Transocean Ltd.'s (NYSE:RIG) Price

Is Transocean (NYSE:RIG) A Risky Investment?

Mar 01
Is Transocean (NYSE:RIG) A Risky Investment?

Transocean: Post Earnings Sell-Off Provides Buying Opportunity

Feb 23

Transocean invests in GSR and offers rig for exploration work

Feb 09

Transocean's Dhirubhai drillship contracted for 900+ days in Brazil

Jan 31

Transocean: The Cold Stacked Rigs May Be The Next Question

Jan 24

Transocean unit commences $1.75B senior secured notes offering

Jan 17

Transocean commences $500M senior secured notes offering

Jan 09

Transocean's Backlog Increased Again - Revenue Rise Likely

Dec 20

Transocean bags 2 contracts for its drillships worth over $1B

Dec 07

Transocean (NYSE:RIG) Has A Somewhat Strained Balance Sheet

Dec 01
Transocean (NYSE:RIG) Has A Somewhat Strained Balance Sheet

Transocean: Shares Rally After Management Promises To Abstain From Further Near-Term Dilution

Nov 04

Transocean: Strong Fleet Status Report But Issues Remain

Oct 17

Transocean Shares Have Just Plunged Substantially But Have Upside Potential

Sep 27

Transocean - Debt And Liquidity Issues In The Spotlight Again

Sep 16

Transocean secures $181M in contracts for Deepwater Asgard

Sep 07

Transocean Non-GAAP EPS of -$0.10 beats by $0.04, revenue of $722M beats by $31.03M

Aug 01

Transocean: Industry Recovery Is Gaining Further Traction - Buy

Jul 26

Is Transocean (NYSE:RIG) Using Debt In A Risky Way?

Jul 18
Is Transocean (NYSE:RIG) Using Debt In A Risky Way?

Transocean Is Better Valued Than Valaris - 2 Companies In An Undervalued Industry

Jul 15

Is Now A Good Time To Buy Transocean Stock?

Jun 08

Transocean: Offshore Drilling Recovery Is Gaining Some Real Traction - Buy

May 04

Transocean: Trouble Ahead After Equinor's Surprise Decision To Release The First CAT-D Rig Ahead Of Schedule

Apr 26

Transocean: Show Me The Money

Apr 05

Shareholder Returns

RIGUS Energy ServicesUS Market
7D3.6%0.9%0.4%
1Y-2.6%20.2%28.8%

Return vs Industry: RIG underperformed the US Energy Services industry which returned 20.2% over the past year.

Return vs Market: RIG underperformed the US Market which returned 28.8% over the past year.

Price Volatility

Is RIG's price volatile compared to industry and market?
RIG volatility
RIG Average Weekly Movement6.0%
Energy Services Industry Average Movement5.8%
Market Average Movement6.0%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: RIG's share price has been volatile over the past 3 months.

Volatility Over Time: RIG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19265,430Jeremy Thigpenhttps://www.deepwater.com

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.

Transocean Ltd. Fundamentals Summary

How do Transocean's earnings and revenue compare to its market cap?
RIG fundamental statistics
Market capUS$5.18b
Earnings (TTM)-US$954.00m
Revenue (TTM)US$2.83b

1.8x

P/S Ratio

-5.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RIG income statement (TTM)
RevenueUS$2.83b
Cost of RevenueUS$1.96b
Gross ProfitUS$872.00m
Other ExpensesUS$1.83b
Earnings-US$954.00m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-1.15
Gross Margin30.79%
Net Profit Margin-33.69%
Debt/Equity Ratio71.2%

How did RIG perform over the long term?

See historical performance and comparison
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.