Transocean Stock Today
| RIG Stock | USD 5.78 0.16 2.69% |
Performance1 of 100
| Odds Of DistressLess than 48
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Transocean is trading at 5.78 as of the 25th of April 2024. This is a -2.69 percent down since the beginning of the trading day. The stock's lowest day price was 5.72. Transocean has 48 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Transocean are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of May 2022 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 27th of May 1993 |
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company was founded in 1926 and is based in Steinhausen, Switzerland. Transocean operates under Oil And Gas Drilling And Exploration classification in the United States and is traded on New York Stock Exchange. The company has 819.58 M outstanding shares of which 132.24 M shares are at this time shorted by investors with about 7.45 days to cover. More on Transocean
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Moving against Transocean Stock
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Transocean Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Transocean's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Transocean or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Transocean's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Transocean's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Jeremy Thigpen | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Oil And Gas (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | RBC Quant Global Infrastructure Leaders ETF | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Energy Equipment & Services, Oil & Gas Drilling, Energy, NYSE Composite, PHLX Oil Service, Oil And Gas, Energy, Energy Equipment & Services, Oil & Gas Drilling, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Transocean report their recommendations after researching Transocean's financial statements, talking to executives and customers, or listening in on Transocean's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Transocean. The Transocean consensus assessment is calculated by taking the average forecast from all of the analysts covering Transocean. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Transocean's profitability, liquidity, and operating efficiency, Transocean is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Transocean is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Transocean's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Transocean's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Transocean's financial leverage. It provides some insight into what part of Transocean's total assets is financed by creditors.
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Transocean (RIG) is traded on New York Stock Exchange in USA. It is located in Turmstrasse 30, Steinhausen, Switzerland, 6312 and employs 5,430 people. Transocean is listed under Energy Equipment & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Transocean's market, we take the total number of its shares issued and multiply it by Transocean's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Transocean runs under Energy Equipment & Services sector within Energy industry. The entity has 819.58 M outstanding shares of which 132.24 M shares are at this time shorted by investors with about 7.45 days to cover.
Transocean has about 683 M in cash with 164 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.32.
Check Transocean Probability Of Bankruptcy
Ownership AllocationTransocean maintains a total of 819.58 Million outstanding shares. Over half of Transocean's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Transocean. Please watch out for any change in the institutional holdings of Transocean as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Transocean Ownership Details
Transocean Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Transocean jumping above the current price in 90 days from now is about 36.72%. The Transocean probability density function shows the probability of Transocean stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.1474 indicating Transocean market returns are reactive to returns on the market. As the market goes up or down, Transocean is expected to follow. Additionally, transocean has an alpha of 0.0331, implying that it can generate a 0.0331 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Transocean to move above the current price in 90 days from now is about 36.72 (This Transocean probability density function shows the probability of Transocean Stock to fall within a particular range of prices over 90 days) .
Transocean Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Transocean that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Transocean's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Transocean's value.| Instituion | Recorded On | Shares | |
| Voloridge Investment Management, Llc | 2023-09-30 | 13.3 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 12.6 M | |
| American Century Companies Inc | 2023-12-31 | 9.2 M | |
| Neuberger Berman Group Llc | 2023-12-31 | 8.2 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 8 M | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 7.8 M | |
| Senator Investment Group Lp | 2023-12-31 | 7.7 M | |
| Geode Capital Management, Llc | 2023-12-31 | 7.4 M | |
| State Street Corporation | 2023-12-31 | 7.1 M | |
| Vanguard Group Inc | 2023-12-31 | 68.6 M | |
| Primecap Management Company | 2023-12-31 | 50.7 M |
Transocean Historical Income Statement
Transocean Income Statement is one of the three primary financial statements used for reporting Transocean's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Transocean revenue and expense. Transocean Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Transocean's Other Operating Expenses is most likely to decrease significantly in the upcoming years. The Transocean's current Discontinued Operations is estimated to increase to about 1.9 M, while Gross Profit is projected to decrease to roughly 96.9 M. View More FundamentalsTransocean Stock Against Markets
Picking the right benchmark for Transocean stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Transocean stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Transocean is critical whether you are bullish or bearish towards Transocean at a given time. Please also check how Transocean's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Transocean without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Transocean Corporate Directors
Transocean corporate directors refer to members of a Transocean board of directors. The board of directors generally takes responsibility for the Transocean's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Transocean's board members must vote for the resolution. The Transocean board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Martin McNamara | Independent Director | Profile | |
| Frederico Curado | Independent Director | Profile | |
| Alison Johnson | Director Relations | Profile | |
| Merrill Miller | Independent Director | Profile |
How to buy Transocean Stock?
Before investing in Transocean, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Transocean. To buy Transocean stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Transocean. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Transocean stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Transocean stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Transocean stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Transocean, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Transocean Stock please use our How to Invest in Transocean guide.
Already Invested in Transocean?
The danger of trading Transocean is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Transocean is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Transocean. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Transocean is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Transocean is a strong investment it is important to analyze Transocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Transocean's future performance. For an informed investment choice regarding Transocean Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Transocean. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Transocean Stock please use our How to Invest in Transocean guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Transocean Stock analysis
When running Transocean's price analysis, check to measure Transocean's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Transocean is operating at the current time. Most of Transocean's value examination focuses on studying past and present price action to predict the probability of Transocean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transocean's price. Additionally, you may evaluate how the addition of Transocean to your portfolios can decrease your overall portfolio volatility.
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Is Transocean's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Transocean. If investors know Transocean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Transocean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.24) | Revenue Per Share 3.688 | Quarterly Revenue Growth 0.223 | Return On Assets (0) | Return On Equity (0.09) |
The market value of Transocean is measured differently than its book value, which is the value of Transocean that is recorded on the company's balance sheet. Investors also form their own opinion of Transocean's value that differs from its market value or its book value, called intrinsic value, which is Transocean's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Transocean's market value can be influenced by many factors that don't directly affect Transocean's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Transocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Transocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Transocean's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.